Core Viewpoint - Horizon Robotics-W (09660) reported a significant increase in revenue and profitability for the first half of 2025, indicating strong growth momentum in the autonomous driving sector [1] Financial Performance - The company achieved a revenue of 1.567 billion yuan, representing a year-on-year growth of 67.6% [1] - Gross profit reached 1.024 billion yuan, with a comprehensive gross margin of 65.4% [1] - Cash reserves stood at 16.1 billion yuan, reflecting a solid financial position [1] Market Insights - Goldman Sachs noted that the revenue growth of 68% exceeded expectations, primarily driven by the increased shipment of the Journey 6 model [1] - The company’s NOA function product shipments reached 980,000 units, accounting for 50% of total shipments, which contributed to an increase in average selling prices [1] - Bank of America Securities expressed optimism about the company's growth prospects following a recent investor meeting, highlighting successful vehicle design integrations in domestic and international markets [1] Future Outlook - The company is expected to secure design orders for high-end HSD solutions from at least 4-5 automotive manufacturers this year [1] - Projections indicate an increase in J6P chip shipments from 40,000 units in 2025 to 430,000 units in 2026 [1]