Flash | 16 Nov 2025 21:08:44 ET │ 11 pages Horizon Robotics (9660.HK) What's New from Citi 2025 China Conference: 2026E Outlook CITI'S TAKE We hosted management update meeting with Horizon Robotics on Nov 14 during the Citi 2025 China Conference, with key takeaways as below. Mgmt. expects 2026 high-end shipment (HSD) at 300-500k units (vs 10- 15k units guided for 2025), mid-end shipment around 3mn units and low- end shipment around 2mn units. Among its expected 2026 high-end shipment (HSD), mgmt. anticipate ...

Ecarx, the automotive electronics firm controlled by the founder of major Chinese automaker Geely, is aiming to distance itself from its the world’s second-largest economy https://t.co/fi45udytSN ...

ZEELAND, Mich., Nov. 17, 2025 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX) announced today that it has acquired Toronto-based BioConnect, a leader in biometric authentication solutions. The company provides a market-leading, multi-modal authentication software platform for the security and access control industry. Gentex is a technology company and long-time supplier of electro-optical products for the global automotive, aerospace, fire protection, and medical industries. The company is best known ...

Core Viewpoint - Zhejing Electronics, a leading player in China's HUD (Head-Up Display) solutions, has submitted a second IPO application to the Hong Kong Stock Exchange after a previous attempt failed in May 2025. The company has shown significant growth but continues to incur losses [1][5]. Group 1: Company Overview - Zhejing Electronics was established in 2015 and focuses on the research and development of HUD solutions, being the first in China to launch self-developed HUD solutions [4]. - The company has achieved a compound annual growth rate (CAGR) of 64.3% over the past three years, with notable investors including Geely Holding, Shunwei Capital, and major automotive groups [1][5]. - As of May 31, 2025, Zhejing Electronics has served 18 automotive OEM clients and secured 94 model designations, with cumulative sales reaching 1.6 million units [5]. Group 2: Financial Performance - Zhejing Electronics reported revenues of 214 million yuan, 549 million yuan, 578 million yuan, and 262 million yuan for the years 2022 to 2024 and the first five months of 2025, respectively, with a CAGR of 64.3% during this period [5]. - The net losses for the same periods were 256 million yuan, 175 million yuan, 138 million yuan, and 240 million yuan, totaling a cumulative loss of 809 million yuan [3][5]. - Adjusted losses, excluding certain financial impacts, showed a narrowing trend, with figures of 79.1 million yuan, 13.3 million yuan, 7.1 million yuan, and 1.6 million yuan [5]. Group 3: Market Position and Growth Potential - According to market research, Zhejing Electronics holds a 16.2% market share in China's HUD solutions market, ranking second behind Huayang Group, which has a 23.3% share [4][7]. - The market for automotive HUD solutions in China is projected to grow from 1 million units in 2020 to 3.9 million units by 2024, with a CAGR of 41.2% [7]. - Globally, W-HUD remains the mainstream solution, while AR-HUD is expected to drive future growth, with sales projected to increase significantly from 200,000 units in 2024 to 760,000 units by 2029 [8]. Group 4: IPO and Future Plans - The upcoming IPO aims to raise funds for production line expansion, automation upgrades, and enhancing R&D capabilities, as well as potential strategic collaborations in related fields [8]. - The company plans to leverage its technological advantages to expand both domestically and internationally, targeting collaborations with local and overseas automotive manufacturers [8].

KUALA LUMPUR, Malaysia, Nov. 07, 2025 (GLOBE NEWSWIRE) -- Leading smart imaging brand DDPAI successfully hosted its “Born to Lead” launch event and roadshow at The Starhill, Kuala Lumpur, introducing the highly anticipated Z90 Series and N5 Pro dashcams to the Malaysian market. The three-day showcase drew overwhelming participation from media representatives, content creators, partners, and users. Visitors experienced DDPAI’s latest imaging technologies through a variety of interactive zones, on-site games ...

Core Insights - DDPAI launched its flagship Z90 Series and the new N5 Pro in Riyadh, emphasizing the integration of advanced technology with Saudi culture [1][9] Product Features - The Z90 Series features a triple-channel imaging system with dual 4K front and rear recording, and a 3K in-cabin camera, enhancing visual safety [3] - The Z90 utilizes proprietary πLink technology for Full-Digital transmission, ensuring lossless image quality and stable connectivity, along with 4G capabilities for remote access [5] - The N5 Pro offers 4K front and 2K rear recording, expanded eMMC storage, and upgraded Wi-Fi 6 connectivity, catering to a broader audience [6][7] Market Positioning - The launch of the Z90 Series and N5 Pro marks a significant step in DDPAI's expansion in the Middle East, following successful campaigns in Saudi Arabia [9] - The Z90 Master – Desert Edition is a limited-edition model that combines advanced engineering with local artistry, reflecting the brand's commitment to cultural integration [7][9]

Financial Data and Key Metrics Changes - Net sales for Q3 2025 were $5.4 million, down from $5.9 million in Q2 2025 and flat compared to the prior year period [13] - Gross margin as a percentage of sales was 50.7% in Q3 2025, compared to 49.8% in Q2 and 53.9% in the prior year period [16] - Operating expenses for Q3 2025 were $4.1 million, up from $3.8 million in Q2 2025 and $3.3 million in the prior year period [18] - The reported operating loss for Q3 2025 was $1.393 million, compared to an operating loss of $325,000 in Q3 2024 [19] Business Line Data and Key Metrics Changes - Automotive electronics represented 78% of Q3 2025 bookings, up from 59% for all of 2024 [14] - Consumable adapters and services accounted for 24% of total revenue, providing a base of recurring revenue, while capital equipment sales represented 76% of total revenue [14] Market Data and Key Metrics Changes - Asia, particularly China and Korea, showed strong performance in Q3 2025, especially within the EV sector of automotive electronics [15] - Europe faced pressures with capital equipment spending impacted by tariff and trade uncertainties, as well as EV disruptions [15] - The Americas remained relatively flat, bolstered by systems to be deployed in Mexico [15] Company Strategy and Development Direction - The company aims to diversify beyond the automotive sector and explore new markets and businesses [5] - A new generation of products is being developed, with a focus on automation and addressing gaps in the solutions area [8] - The company is looking to expand into the services market, which is estimated to be a $1 billion-plus opportunity [9] Management's Comments on Operating Environment and Future Outlook - Management noted pressures from global trade and tariff negotiations, but these are now considered tertiary concerns [14] - The company is optimistic about future growth, particularly with new product launches and partnerships in the pipeline [12] - Management expressed confidence in the ability to drive revenue growth through new business units and leveraging core competencies [10] Other Important Information - The company has no debt and maintains a cash balance of approximately $9.7 million as of September 30, 2025 [20] - A thorough review of gross margin enhancement strategies is underway, focusing on pricing modifications and supply chain optimization [17] Q&A Session Summary Question: Future platform growth and core business focus - Management emphasized that the new platform being developed will support long-term growth while maintaining focus on the core business [26] Question: Customer feedback on new technologies - Management reported positive customer feedback and engagement, indicating that the products being developed align with customer needs [35] Question: Sales cycles and critical acclaim at trade shows - Management noted that technology events can drive significant spending, and improvements in yield rates for UFS technology are expected to lead to increased orders [38] Question: Optimism regarding trade partners and tariffs - Management expressed cautious optimism about trade negotiations but acknowledged ongoing challenges in the supply chain [44] Question: Partnerships and acquisitions - Management discussed ongoing conversations with larger test companies and the potential for partnerships that embed their technology [49] Question: EV disruptions and market conditions - Management highlighted that while Asian manufacturers are performing well, European automotive manufacturers are facing significant challenges [60]

Core Points - Arbe Robotics Ltd. will hold its Q3 2025 conference call on November 17, 2025, at 8:30 a.m. Eastern Time, with financial results to be released before the US market opens on the same day [1] - The conference call will feature Kobi Marenko, CEO, and Karine Pinto-Flomenboim, CFO, and will be accessible via a live webcast and telephone [2] - An archived version of the conference call will be available on Arbe's Investor Relations website the day after the call [3] Company Overview - Arbe Robotics is a global leader in ultra-high-resolution radar solutions, providing a radar chipset that offers up to 100 times more detail than traditional radar systems [4] - The company's technology supports the development of advanced driving systems, ranging from ADAS to full vehicle autonomy, by delivering real-time, 4-dimensional imaging [4] - Arbe operates globally with headquarters in Tel Aviv, Israel, and additional offices in the United States, Germany, and China [4]

Summary of Foryou Corp (002906.SZ) 3Q25 Analyst Briefing Company Overview - **Company**: Foryou Corp - **Industry**: Automotive Electronics, Precision Electronic Components, Precision Die Casting, LED Lighting - **Key Brands**: FORYOU, ADAYO - **Products**: Vehicle infotainment devices, navigation equipment, head-up displays, tire pressure monitoring systems, air purifiers, vehicle body control modules, and related products [14][15] Key Financial Highlights - **3Q25 Revenue**: - Automotive Electronics: Rmb2,575 million (+28.82% YoY, +28.18% QoQ) - Precision Die Casting: Rmb765 million (+45.72% YoY, +11.36% QoQ) - **Gross Profit Margin (GPM)**: - Automotive Electronics: 17.61% (-0.99ppt YoY, -0.4ppt QoQ) - Precision Die Casting: 23.1% (-2ppt YoY, slight decline QoQ) [2][7] Revenue Contributors - **Top Revenue Contributors (9M25)**: - Chang'an, Geely, Great Wall, Chery (each ~10% of total revenue) - Seres and Xiaomi showing high growth rates, potentially entering the top 5 contributors in FY25E [3] Product Performance and Outlook - **HUD Sales Growth**: - Targeting +50% YoY growth in FY25E, with 9M25 HUD sales over 0.9 million units - New P-HUD product gaining traction with automakers like Xiaomi and BMW - Mass production of the 2nd-generation P-HUD to start by end-2026E [4][8] Market Position and Strategy - **Investment Strategy**: - Maintain Buy rating based on expected robust earnings growth driven by new products and market share gains - Target price set at Rmb48, reflecting a potential return of 55.2% [5][15][16] Financial Projections - **Net Profit Forecast**: - 2025E: Rmb814 million - 2026E: Rmb993 million - 2027E: Rmb1,182 million [7] Capital Expenditure and Growth Plans - **Capex**: - High levels expected due to strong demand in automotive electronics and precision die casting - Plans for production capacity expansion in Thailand [9] Risks and Opportunities - **Downside Risks**: - Deterioration in China's auto market, underperformance of key clients, emergence of disruptive technologies [18] - **Upside Risks**: - Better-than-expected automotive demand, large order wins for HUD, quicker client mix improvement, earlier correction in raw material costs [19] Conclusion - **Overall Outlook**: - Foryou Corp is positioned for significant growth in the automotive electronics sector, supported by strong product demand and strategic partnerships, despite facing competitive pressures and market risks [15][17]

Group 1: E-commerce and Market Growth - L'Oréal highlighted that e-commerce is transforming its reach in India, allowing the company to connect with previously underserved markets and accelerate growth [2] - Unilever noted that India is well positioned for medium-term growth, with rapid gains in e-commerce and quick commerce offsetting short-term GST impacts [2] - Reckitt Benckiser reported that its quick commerce business in India is more than doubling this year, with Flipkart growing at 30 percent [3] Group 2: Revenue and Performance Insights - Westinghouse Air Brake Technologies Corporation stated that year-to-date, its like-for-like net revenue growth in India remains at high single-digits, expecting the recent slowdown to be a matter of phasing [4] - TransUnion mentioned that India's growth was slightly below expectations due to tariff-related pressures but reaffirmed confidence in the market's long-term potential [5] - Visteon Corporation is deepening its presence in India with new digital products and expanded manufacturing plans [6] Group 3: Manufacturing and Export Developments - Westinghouse secured $140 million in brake orders driven by increased activity in India, marking a significant milestone for its Marhowrah plant [4] - BE Semiconductor Industries noted that India is emerging as a key location for new assembly capacities as customers diversify from China, with five major customers setting up assembly capacities in the country [8] - CIE Automotive emphasized that India remains one of its strongest and most stable markets, reinforcing its global importance [9] Group 4: Automotive Market Position - India has consolidated its position as the world's third-largest automotive market, surpassing Japan with nearly 25 million vehicles a year and continuing to grow across all segments [9]