Changes in Hong Kong stocks | Horizon Robot-W (09660) rose nearly 7%, and revenue growth in the first half of the year exceeded expectations. Institutions are optimistic about the revaluation of software and hardware

The Zhitong Finance App learned that Horizon Robot-W (09660) rose nearly 7%. As of press release, it had risen 6.97% to HK$4.76, with a turnover of HK$1,348 billion.

According to the news, Horizon recently announced that the revenue from continuing operations is expected to reach 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. Revenue growth was mainly due to growth in two major revenue segments: Product Solutions, Licensing, and Services. At the same time, the company's profit quality remains steady. The gross profit from continuing operations in the first half of the year is expected to reach 1.16 billion yuan to 1.37 billion yuan, corresponding gross margin of about 60% to 66%.

UBS believes that the market has yet to fully recognize Horizon Robotics' leading capabilities in hardware and software. CMB International previously stated that the company's mid-term catalysts include integrated cabin driving solutions gaining more fixed targets as the horizon's delivery capacity increases, and the next-generation computing platform is successfully mass-produced to form a complete product matrix in 2027; the long-term catalysts include subscription charging models, Robotaxi processes, and new growth curves such as physical intelligence to enhance the valuation center.