Core Insights - The company, Horizon Robotics, reported a significant revenue increase of 67.6% year-on-year, reaching 1.567 billion yuan in the first half of 2025, with a gross profit of 1.024 billion yuan and a gross margin of 65.4% [1] - The strong performance is attributed to the booming demand for advanced driving assistance systems (ADAS) in the Chinese automotive market, where the penetration rate of such features has risen from 51% at the end of 2024 to 59% in the first half of 2025 [2][3] - The company achieved a milestone of over 10 million units shipped, solidifying its leading position in the smart driving technology sector [4] Financial Performance - Revenue from the products and solutions segment surged 350% year-on-year to 778 million yuan, with a shipment volume of 1.98 million units, doubling compared to the previous year [2][3] - The average value per vehicle increased significantly, reaching 1.7 times that of the previous year, driven by a higher proportion of mid-to-high-end product solutions [3] Market Position - Horizon Robotics holds a 32.4% market share in the Chinese autonomous driving computing solutions market and a 45.8% share in the ADAS front-view integrated machine market, maintaining its leadership in both segments [4] - The company has established partnerships with 27 OEMs, including all top ten Chinese OEMs, and has secured nearly 400 model designations, with over 15 models featuring mid-to-high-end ADAS solutions launched in the first half of 2025 [4][5] International Expansion - Horizon Robotics is expanding its international presence, having established partnerships with nine joint venture car manufacturers in China and securing model designations with two foreign car manufacturers for overseas markets [5] - The company is collaborating with global suppliers like Bosch and Denso to build a global smart driving industry ecosystem [5] Technological Advancements - The company has increased its R&D spending to 2.3 billion yuan, a 62% year-on-year increase, focusing on cloud services and urban driving assistance systems [6] - The Horizon SuperDrive (HSD) system has been recognized for its advanced capabilities, with multiple car manufacturers already designating models to feature this technology [6][7] Future Outlook - With the continued growth in product shipments and the successful launch of the HSD system, Horizon Robotics is positioned for sustainable high-speed growth in the high-end ADAS market [7] - The company is gaining recognition in global indices, indicating a shift in its valuation logic from a local leader to a global hard-tech player [7]

国内智能驾驶解决方案里的龙头企业地平线机器人-W（09660），近期可谓是密集向外界释放利好消息。 值得特别留意的是，藏在地平线最新财报中的价值信号还不只局限于此，也是在上半年，地平线中高阶解决方案大卖，并带动产品解决方案业务量价齐升； 同时，作为地平线软硬一体技术积累的集大成者，公司在上半年新推出、且正不断迭代升级的城区辅助驾驶系统（Horizon SuperDrive，以下简称"HSD"） 现已量产在即，该产品被誉为"中国版FSD"，后续HSD势将抢滩高阶方案市场化供应，并有望为地平线接下来的市场表现"再添一把火"。 "征程"领航，强势开启"冲刺跑" 2025年以来，车企智驾平权赋能主流车型渐成潮流，越来越多的车企在基础车型上布局中高阶智驾功能，这一新趋势正带动智驾渗透率快速拉升。根据方正 证券分析师的测算，全球智驾解决方案市场的市场规模有望自2024年的191亿元增加至2030年的1234亿元，对应复合年增长率高达36.5%。 正是在这一行业迎来爆发式增长的关键节点上，地平线也创造了中国智驾方案行业里新的记录，本月征程家族累计量产数量即将正式突破1000万套。 先是地平线官宣征程家族累计量产即将突破10 ...

Core Viewpoint - Horizon Robotics (地平线) reported a significant increase in revenue and performance for the first half of 2025, with a revenue of 1.567 billion yuan, a year-on-year growth of 67.6%, and a gross profit of 1.024 billion yuan, achieving a gross margin of 65.4% [1] Financial Performance - The company achieved a revenue of 1.567 billion yuan in the first half of 2025, marking a 67.6% increase year-on-year [1] - Gross profit reached 1.024 billion yuan, with a gross margin of 65.4% [1] - Cash reserves stood at 16.1 billion yuan [1] Product and Solutions Growth - The demand for advanced driving assistance systems (ADAS) is increasing, with the penetration rate rising from 51% at the end of 2024 to 59% in the first half of 2025 [2] - The revenue from products and solutions grew 3.5 times year-on-year to 778 million yuan, with a shipment volume of 1.98 million units, also doubling year-on-year [2][3] - High-end product solutions accounted for 49.5% of total shipments, contributing over 80% of the revenue from the products and solutions business [3] Market Position and Achievements - Horizon Robotics became the first smart driving technology company in China to achieve a cumulative shipment of over 10 million units [4] - The market share for the company's ADAS solutions increased to 32.4% in the Chinese market [4] - The company has established partnerships with 27 OEMs, including all top ten Chinese OEMs, serving 6 million car owners [4] International Expansion and Collaborations - Horizon is expanding its international presence, having established partnerships with nine joint venture car manufacturers in China and two foreign car manufacturers for overseas models [5] - The company is collaborating with global suppliers like Bosch and Denso to build a global smart driving ecosystem [5] Future Growth Potential - The company is increasing its R&D investment, with expenditures reaching 2.3 billion yuan, a 62% increase year-on-year [6] - The Horizon SuperDrive (HSD) system is expected to enhance the company's growth potential, with multiple car models already adopting this technology [6][7] - Horizon's valuation is transitioning from a local leader to a global hard-tech player, as recognized by major global indices [7]

本报讯(记者袁传玺)8月27日，地平线机器人-W(以下简称"地平线")发布2025年上半年业绩公告。公告显 示，公司上半年收入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 161亿元。2025年上半年地平线总体业绩延续去年狂飙增长势头，核心财务指标迈上新高度。 2025年上半年，地平线产品及解决方案业务实现出货量与单车价值量齐升，成为驱动公司业绩高速增长 的核心原因。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。 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。 得益于产品解决方案业务出货量翻倍增长，截至2025年8月份，征程家族量产突破1000万套，地平线成 为国内首家达成千万级出货量里程碑的智能驾驶科技企业，树立了行业新标杆。 除提供先进的产品解决方案外，地平线也凭借世界级的算法能力，通过软件定义汽车来推动汽车智能化 ...

人民财讯8月27日电，8月27日，广汽传祺举行发布会官宣向往S9以25.99万元起开启预售。据了解，向 往S9首批搭载华为乾崑智驾ADS4系统以及全维防碰撞系统CAS4.0。 ...

新浪科技讯 8月27日晚间消息，地平线机器人发布2025年上半年业绩公告，期内公司收入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。 报告期内，地平线为超过30家车企及合作伙伴授权了一系列算法和软件，实现软件及授权服务业务收入 7.38亿元，较去年同期平稳增长6.9%。 得益于产品解决方案业务出货量翻倍增长，截至2025年8月，地平线征程家族量产突破1000万套。（文 猛） 责任编辑：何俊熹 2025年上半年，地平线产品及解决方案业务实现出货量与单车价值量齐升，驱动公司业绩高速增长。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。 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。这意味着公司新一代产品征程6系列投产即取得市场成功。 "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。这验证了地平 ...

Horizon Robotics (09660) Q2 2025 Earnings Call August 27, 2025 07:00 AM ET Speaker0Greetings, ladies and gentlemen. Welcome to Horizon Robotics twenty twenty five Interim Results Conference Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded.I would now like to turn the call over to your host, Mrs. Xuan Jiang, VP and Board Secretary and Head of Investor Relations of Horizon Robotic ...

VLA未来有望下探至10万元级别车型 作为元戎启行的新一代辅助驾驶平台，DeepRoute IO 2.0的核心在于VLA模型。周光表示，该模型融合了语言模型，具备强大的思维链（CoT）能力，有效 缓解了传统端到端模型中"黑盒"问题，还能够实现对信息的有效串联、分析与因果推理。同时，由于天然集成海量知识库，VLA展现出更强的泛化能力，可 更好地适应真实道路中复杂多变的场景。 在安全性方面，周光坦言，VLA在预训练阶段确实可能产生"幻觉"现象，但通过后训练对齐等技术手段，目前已能够大幅抑制此类问题。"当前主流大模型 中幻觉已较为少见，行业已有比较成熟的应对方案，目前来看VLA是无人驾驶最优路径，其下限已超过端到端上限。"周光认为。 8月26日，元戎启行正式发布新一代辅助驾驶平台——DeepRoute IO 2.0。据悉，该平台搭载了其自研的VLA（Vision-Language-Action，视觉语言动作）模 型，较"端到端"模型更擅长应对复杂路况。 事实上，在智能化竞争的下半场，辅助驾驶已成为各企业的必争之地，不同技术路线正激烈竞逐。尤其是今年下半年以来，小鹏、理想、吉利、奇瑞等车企 纷纷布局VLA模型。其中， ...

Core Viewpoint - Horizon Robotics-W (09660) reported a significant increase in revenue and gross profit for the six months ending June 30, 2025, driven by strong demand for advanced driving assistance solutions in the Chinese automotive market [1] Financial Performance - Revenue from customer contracts reached 1.567 billion RMB, representing a year-on-year increase of 67.64% [1] - Gross profit amounted to 1.024 billion RMB, reflecting a year-on-year growth of 38.61% [1] Market Position - The company maintained the leading market share in basic and overall driving assistance solutions among Chinese automakers, with shares of 45.8% and 32.4% respectively [1] - As of the end of 2024, the company had secured over 310 model designations, with nearly 400 new model designations achieved by the end of the reporting period [1] Product Performance - The shipment volume of the vehicle-grade Journey series processing hardware reached 1.98 million units, doubling year-on-year [1] - The shipment of processing hardware supporting highway driving assistance reached 980,000 units, accounting for 49.5% of total shipments, which is six times the volume from the same period last year [1] - More than 15 models equipped with the company's advanced driving assistance solutions successfully entered mass production during the first half of 2025 [1]

Group 1 - The company reported a revenue of RMB 1.567 billion in the first half of 2025, representing a year-on-year growth of 67.6%, with a gross margin of 65.4% [1] - The transition to mid-to-high level assisted driving solutions is identified as the next dominant trend in the industry, with increasing demand for advanced algorithms and software related to cloud services [1] - The company is developing the Horizon Super Drive (HSD) full-scene urban assisted driving solution, which is expected to become the technological foundation for future robotaxi services [1] Group 2 - The company has become the first intelligent driving technology company in China to achieve cumulative shipments of over 10 million units of its Chengcheng series processing hardware, setting a new industry benchmark [2] - The Chengcheng 6B processing hardware has been successfully launched, featuring a highly integrated design that doubles the performance of the front-view integrated ADAS system while significantly reducing system costs, power consumption, and size [2] - The Chengcheng 6 series processing hardware has established a complete product portfolio covering high, medium, and low processing capabilities, which will support revenue growth in both mainstream and high-end markets [2]