Movement Alert|HORIZONROBOT-W Rises 4.69% in Regular Trading, Journey Chip Cumulative Production Surpasses 15 Million Units Amid Earnings Call Optimism

Market Focus
Sep 04

On September 4, HORIZONROBOT-W rose 4.69% in regular trading, trading at 4.61 HKD/share with turnover of 83.21 million HKD, extending the prior session's rebound momentum.

On the news front, the company announced on September 3 that cumulative mass production of its Journey autonomous driving chips surpassed 15 million units, accelerating from 10 million to 15 million in just 12 months at a 39% annual growth rate. The company has partnered with over 40 brands, secured design wins across 500 mass-produced vehicle models — including nearly 130 in mid-to-high-end autonomous driving — with total orders-in-hand exceeding 20 million units. Additionally, the Journey 6M chip entered large-scale mass production, extending urban NOA functionality to the mainstream sub-100,000 RMB vehicle segment.

Earlier, the company's mid-year earnings call on September 2 delivered further positive signals, with founder Yu Kai targeting a leadership position in the high-end autonomous driving market and previewing the next-generation Journey 7 chip expected next year. The H1 report showed revenue of 2.055 billion RMB, up 32.9% year-over-year, with gross margin maintained at 66%. However, adjusted net loss widened 25.4% to 1.671 billion RMB amid continued R&D investment.

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