On September 11, HORIZONROBOT-W fell 3.06% in regular trading, trading at HKD 4.115 with turnover of HKD 156 million, extending its recent downtrend.

The decline comes as the market continues to digest the company's interim results released on August 31. While first-half revenue reached RMB 2.055 billion, up 32.9% year-over-year, with gross margin holding at a robust 66%, the adjusted net loss widened 25.4% to RMB 1.671 billion, as research and development spending continued to far outpace revenue, intensifying cash flow concerns.

Adding to the pressure, the dilution effect from the August issuance of over 1.3 billion B-class shares to CARIAD at HKD 3.99 per share, along with a USD 450 million zero-coupon convertible bond, remains a key overhang. CLSA cut its target price from HKD 9 to HKD 7, citing auto industry headwinds causing delays in high-end autonomous driving chip shipments, though it maintained an Outperform rating. Goldman Sachs, meanwhile, kept a Buy rating with a HKD 13.12 target price, highlighting the company's milestone of 15 million cumulative Journey chip shipments and 500 production vehicle model wins.

(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.)