Movement Alert|HORIZONROBOT-W Falls 3.47% in Regular Trading, Widening Mid-Year Losses and Analyst Target Cut Weigh on Shares

Market Focus
28 mins ago

On October 2, HORIZONROBOT-W fell 3.47% in regular trading, trading at HKD 4.045 per share, with turnover of approximately HKD 20.85 million. The decline comes amid continued market digestion of the company's interim results and a broker downgrade.

The company reported first-half revenue of RMB 2.055 billion, up 32.9% year-over-year, with gross margin steady at 66.0%. However, adjusted net loss under non-IFRS measures widened 25.4% to RMB 1.671 billion, while net operating cash outflow surged approximately 30.5% to RMB 2.798 billion, drawing market concern over accelerating cash consumption. Authorization and services revenue grew 52.7% to RMB 1.129 billion, becoming the primary growth engine, while product solutions rose 14.8% to RMB 926 million.

Adding to the pressure, CLSA previously cut its target price from HKD 9 to HKD 7, citing auto industry headwinds causing delays in high-end autonomous driving chip and HSD shipments, while raising its full-year adjusted net loss estimate to RMB 5.455 billion. The broader Application Software sector also traded weaker, with peers SENSETIME-W down 2.85% and VOBILE GROUP down 3.33%.

(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.)

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