Group 1: Company Performance - Horizon Robotics-W (09660.HK) reported better-than-expected performance, with projected revenues of 3.4 billion, 5.2 billion, and 6.9 billion for 2025-2027, reflecting year-on-year growth of 43%, 52%, and 34% respectively [8] - The company is currently in a growth phase with its joint venture with Volkswagen, which may impact its performance in the near term [8] - The non-GAAP net profit forecast for Horizon Robotics is projected to be -1.13 billion, -250 million, and 690 million for 2025-2027 [8] Group 2: Industry Insights - The macroeconomic report indicates that MLF rates are expected to exit the policy rate stage, with a shift in focus towards reverse repo rates and LPR for future interest rate adjustments [3] - The coal industry, represented by China Coal Energy (601898.SH), is experiencing a slight overperformance, with a focus on cost reduction and efficiency improvements [6] - The home appliance sector, represented by Anfu Technology (603031.SH), shows steady revenue growth with a 7.4% increase in total revenue for 2024, and a significant 45.2% increase in net profit [7]