Changes in Hong Kong stocks | Horizon Robot-W (09660) rose more than 9% in the intraday period, mid-term results guide surpassed market expectations with gross margin of up to 66%

The Zhitong Finance App learned that Horizon Robot-W (09660) rose more than 9% in the intraday period. As of press release, it had risen 5.84% to HK$4.89, with a turnover of HK$1,411 billion.

According to the news, Horizon recently announced that it expects continuous operating revenue of 1.93 billion yuan to 2.08 billion yuan in the first half of 2026, an increase of 24.8% to 34.5% over the previous year. Among them, the revenue growth ceiling guide was higher than the previous general market expectations of about 25% to 30%, and the overall performance exceeded market expectations. The company expects gross profit from continuing operations of 1.16 billion yuan to 1.37 billion yuan in the first half of the year, corresponding to a gross margin of about 60% to 66%. The announcement also stated that the estimated net profit for the period is 3.5 billion yuan to 4 billion yuan.

Additionally, Citi published a research report stating that Horizon Robotics and Volkswagen are deepening strategic cooperation through CARIZON (CARIZON). CARIZON will use Horizon's AI-based large model licensing model to develop unified autonomous driving technology. The bank estimates that, without changing other conditions, the cooperation will bring about 3 billion yuan in authorized revenue contributions over the next three years, which is equivalent to a 10-12% upward margin for gross profit.