On September 10, HORIZONROBOT-W fell 3.09% in regular trading, trading at HKD 4.24 per share, with turnover of HKD 294 million. The stock declined alongside broad weakness across the Application Software sector despite a cluster of recent positive catalysts.

On the news front, the decline comes as the market continues to digest the company's interim results released on August 31. While first-half revenue rose 32.9% year-over-year to RMB 2.055 billion and gross margin held at a robust 66%, the adjusted net loss widened 25.4% to RMB 1.671 billion, with R&D spending far exceeding revenue — raising cash flow sustainability concerns. Additionally, the dilutive impact of over 1.3 billion new B-class shares issued to CARIAD in August plus a USD 450 million zero-coupon convertible bond issuance remains under market digestion. CLSA also cut its target price from HKD 9 to HKD 7, citing auto industry headwinds delaying high-end autonomous driving chip shipments. Despite Goldman Sachs maintaining a Buy rating with a HKD 13.12 target and the Journey 6P chip securing a JD Logistics autonomous vehicle project, the stock continued to track sector-wide selling pressure.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)