Core Viewpoint - Horizon Robotics reported strong mid-year performance with significant revenue growth and market leadership in the ADAS sector [1] Financial Performance - Revenue for the first half of the year reached 1.567 billion yuan, representing a year-on-year increase of 67.6% [1] - Gross profit amounted to 1.024 billion yuan, with a comprehensive gross margin of 65.4% [1] - Cash reserves stood at 16.1 billion yuan [1] Market Position - Horizon Robotics maintained a 45.8% market share in the ADAS basic auxiliary driving market, ranking first [1] - The company also held a 32.4% market share in the overall intelligent auxiliary driving computing solutions market for domestic brands [1] Analyst Insights - Credit Lyonnais highlighted the strong performance, noting a 68% year-on-year revenue growth driven by hardware shipments of 2 million units and an average product price increase of over 60% [1] - The J6B model is expected to see increased visibility in overseas markets, with significant contributions anticipated from J6P and the upgraded HSD in the passenger vehicle and Robotaxi sectors [1] - Revenue forecasts for Horizon Robotics from 2025 to 2027 have been raised by 3% to 5%, with the target price increased from 10.5 HKD to 11 HKD [1]

智通财经APP获悉，地平线机器人-W(09660)午前涨超4%，截至发稿，涨3.53%，报8.22港元，成交额 23.9亿港元。 报告期内，地平线产品及解决方案业务收入较去年同期翻3.5倍增长，营收7.78亿元；出货量198万套， 同比翻倍增长。业务营收与出货量双双创新高，地平线产品解决方案备受市场认可，竞争力强大。出货 总量上升的同时，在新一代产品征程6系列量产的推动下，产品及解决方案业务出货结构进一步优化。 中高阶产品解决方案实现出货量98万套，较去年同期激增6倍；占总出货量的49.5%，并贡献了产品及 解决方案业务超过80%的收入。因中高阶产品解决方案交付比例的提升，单车价值量大幅提升至去年同 期的1.7倍。 消息面上，8月27日，地平线机器人发布中期业绩。上半年收入15.67亿元，同比增长67.6%；毛利润达 10.24亿元，综合毛利率65.4%；现金储备161亿。地平线机器人CEO余凯在中期业绩会上表示，今年上 半年集团以45.8%的市占率蝉联ADAS基础辅助驾驶市场份额第一，以32.4%的市占率蝉联内地自主品牌 整体智能辅助驾驶计算方案市场份额第一。 ...