Core Insights - Horizon Robotics-W (9660.HK) has been awarded the 2025 Outstanding Hong Kong Stock Company Golden Bull Award alongside seven other companies, highlighting its recognition in the industry [1] Company Performance - Horizon Robotics, a leading intelligent driving technology company in China, achieved a significant milestone by becoming the largest IPO of a Chinese tech company in Hong Kong and the US since 2022, entering the Hang Seng Tech Index in just 3.5 months after its listing [3] - The company's stock price increased from the initial offering price of HKD 3.99 to a peak of HKD 11.32 by mid-September 2025, marking a substantial growth and outperforming both the Hang Seng Composite Index and the Hang Seng Tech Index [3] - Horizon Robotics has been included in global indices such as the FTSE 50 Index and MSCI Index, reflecting market confidence in the intelligent driving sector and the company's competitive edge in integrated hardware and software technology [3] Financial Performance - In the first half of 2025, Horizon Robotics reported revenue of CNY 1.567 billion, representing a year-on-year growth of 67.6%, maintaining the top market share in both ADAS front-view integrated machines and driver assistance solutions [6] - The company achieved a significant production milestone with over 10 million units of its Journey series vehicle computing solutions shipped, becoming the first intelligent driving technology company in China to reach this target [6] - The upcoming mass production of the Xpeng ET5, featuring Horizon's urban driver assistance system Horizon SuperDrive and Journey 6P, is expected to further enhance the company's performance and market presence due to the maturity of its core technologies [6]

随着解禁窗口10月24日临近，资本市场对地平线的关注再度升温。 长期以来，许多港股投资者对解禁消息格外敏感，一方面这意味着股票供给在短时间内大幅增加，投资 者的博弈程度随之增加，另一方面解禁也是一场"价值校准"，对于本身质地优异的企业来说往往会平稳 渡过，迎来反弹，相当于带来了一个投资窗口期。 站在当前节点，要理性看待地平线的解禁，首先需要厘清这背后的核心事实。 可以看到，此次地平线解禁股票主要来自创始团队，除创始团队外其他解禁股份占比较低，而创始团队 的持股逻辑往往与公司长期发展深度绑定，短期大规模减持可能性较低。 上市一周年答卷优异，股价与业绩双重验证内在价值 站在上市一周年的节点回望，地平线实现了业绩与股价双升，双重印证其内在价值。 股价是最直观的市场投票机、称重机。自2024年10月24日登陆港股以来，地平线的股价成功穿越了资本 市场的多轮情绪波动，实现上市首年"倍翻"——以3.99港元的发行价为起点，随后一路震荡走高，2025 年9月中旬最高触及11.32港元。 同期，其股价增幅大幅跑赢恒生综指与恒生科指，成为赛道中极具代表性的优质标的。 地平线还同时获纳入恒生科指、富时50指数，MSCI指数等全球 ...