Core Insights - Horizon Robotics-W (09660) saw its stock rise over 4% in the morning session, currently trading at 8.22 HKD with a transaction volume of 2.39 billion HKD [1] Financial Performance - For the first half of the year, Horizon Robotics reported a revenue of 1.567 billion CNY, representing a year-on-year growth of 67.6% [1] - The gross profit reached 1.024 billion CNY, with a comprehensive gross margin of 65.4% [1] - The company holds cash reserves of 16.1 billion CNY [1] Market Position - The CEO of Horizon Robotics, Yu Kai, announced that the company maintained a market share of 45.8% in the ADAS (Advanced Driver Assistance Systems) market, ranking first [1] - In the overall intelligent driving computing solutions market for domestic brands, the company also secured the top position with a market share of 32.4% [1] Product and Solution Performance - Revenue from products and solutions grew 3.5 times year-on-year, amounting to 778 million CNY, with a shipment volume of 1.98 million units, doubling compared to the previous year [1] - The shipment structure improved significantly, with mid-to-high-end product solutions achieving a shipment volume of 980,000 units, a sixfold increase year-on-year, accounting for 49.5% of total shipments and contributing over 80% of the revenue from products and solutions [1] - The increase in the delivery ratio of mid-to-high-end product solutions led to a substantial rise in the average value per vehicle, which is now 1.7 times higher than the same period last year [1]

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 - The company maintained a 45.8% market share in the ADAS basic auxiliary driving market, ranking first [1] - It also held a 32.4% market share in the overall intelligent auxiliary driving computing solutions market for domestic brands, again ranking first [1] Product and Solution Growth - Revenue from products and solutions business grew 3.5 times year-on-year, reaching 778 million yuan [1] - Total shipment volume reached 1.98 million units, doubling compared to the same period last year [1] - The shipment structure improved, with mid-to-high-end product solutions accounting for 49.5% of total shipments and contributing over 80% of the revenue from products and solutions [1] - The average value per vehicle increased significantly to 1.7 times that of the same period last year due to the higher delivery ratio of mid-to-high-end product solutions [1]