HORIZONROBOT-W (09660) releases annual performance, with total revenue of 3.758 billion yuan, a year-on-year increase of 57.7%.

HORIZONROBOT-W (09660) released its annual performance for the year ending December 31, 2025. The group recorded revenue of 3.758 billion yuan from customer contracts, a year-on-year increase of 57.7%; gross profit was 2.426 billion yuan, a year-on-year increase of 31.7%; and adjusted net loss was 2.812 billion yuan, a year-on-year increase of 67.3%. Throughout the year 2025, the company maintained its leading position in the autonomous brand car enterprise-based Advanced Driver Assistance Systems (ADAS) market, with an absolute advantage of 47.7% market share, staying at the top. In the emerging mid-to-high-end intelligent ADAS market, the company held a market share of 14.4%, alongside a leading technology enterprise in China with a market share of 15.2% and a technology company in the United States, collectively forming the top tier of the market with a total market share (CR3) of 89%, creating a market structure of "one superpower and two strong players". In the mainstream vehicle market with a price of less than 200,000 yuan, as mentioned earlier, the company's market share for mid-to-high-end intelligent driving solutions is 44.2%, ranking first, significantly promoting the high-end popularization of the Chinese intelligent driving industry. The mid-to-high-end hardware shipment volume surged nearly five times, continuing the high-quality growth momentum of price and volume alignment: during the reporting period, the total shipment volume of the company's vehicular-grade Journey series processing hardware reached 4.01 million sets, a year-on-year increase of 38.8%. Among them, the shipment volume of processing hardware supporting mid-to-high-end intelligent ADAS functions grew rapidly, accounting for 45% of the total shipment volume and 4.8 times that of the same period in 2024. This structural transformation not only significantly optimized the company's product portfolio in 2025 but also increased the average unit value by over 75%, further continuing the growth momentum of price and volume alignment. Additionally, it is worth emphasizing that over 95% of the total shipment volume during the reporting period was delivered through our ecosystem partners, highlighting the company's technological leadership and the leading position of its existing ecosystem.