Core Viewpoint - The report from CMB International expresses a positive outlook on Horizon Robotics (09660) due to its competitive advantage in the accelerating adoption of assisted driving in China [1] Group 1: Financial Performance - Horizon Robotics reported a significant revenue increase of 68% in the first half of the year [1] - The overall gross margin for the company remains high at 65.4% [1] Group 2: Future Projections - The company is expected to see an increase in the proportion of revenue from chip sales, along with continuous improvement in chip product profit margins [1] - Projected overall gross margins for the next two years are 63.8% and 58.1% respectively [1] Group 3: Investment Rating - CMB International maintains a "Buy" rating for Horizon Robotics, raising the target price from HKD 8.9 to HKD 12.3 [1]