Core Viewpoint - Horizon Robotics-W (09660) reported a 68% year-on-year revenue increase to 1.6 billion RMB in the first half of the year, exceeding market expectations by 10% [1] Group 1: Financial Performance - The company maintained its delivery target of 4 million units for the fiscal year [1] - The high-end solution, Horizon Superdrive, is set to begin mass production in the fourth quarter to boost sales [1] - Revenue forecasts for the next two years have been raised by 22%, with expected revenues of 3.7 billion RMB and 6 billion RMB, representing year-on-year increases of 55% and 63% respectively [1] Group 2: Valuation and Market Position - The target price has been adjusted from 10.4 HKD to 11.5 HKD, maintaining a price-to-sales ratio of 23 times for the next year [1] - The company is expected to solidify its position as the leading player in the domestic driver assistance solutions industry by the end of the year [1]