Movement Alert|HORIZONROBOT-W Rises 3.25% in Regular Trading, Earnings Call Signals and Journey 6M Mass Production Boost Sentiment

Market Focus
Sep 03

On September 3, HORIZONROBOT-W rose 3.25% in regular trading, trading at 4.435 HKD/share with turnover of HKD 85.71 million, rebounding sharply from the prior session's 6.31% decline.

The rebound was driven by a confluence of positive catalysts. During the September 2 earnings call, founder Yu Kai outlined ambitions to capture the top position in the high-end intelligent driving market and disclosed that the next-generation Journey 7 chip is expected to launch next year. Simultaneously, the company officially announced that its Journey 6M chip has reached a mass-production milestone, having been deployed across more than 20 automakers and over 70 production vehicle models, with seven automaker brands achieving platform-level city-assisted driving integration.

The Journey 6M, delivering 128 TOPS of computing power, enables end-to-end urban NOA solutions previously confined to premium vehicles, now extending into the 100,000 RMB mainstream segment — covering both NEV and ICE powertrains. Key models include the SAIC Volkswagen ID. ERA 5S and upcoming Haval refreshes. The company's H1 results showed revenue of RMB 2.055 billion, up 32.9% year-on-year, with gross margin steady at 66%, though adjusted net loss widened 25.4% to RMB 1.671 billion amid sustained R&D investment.

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