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Horizon Robotics (9660) investor relations material
Horizon Robotics Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary27 Aug, 2025
Executive summary
Revenue grew 67.6% year-over-year to RMB 1.57 billion in H1 2025, driven by surging demand for intelligent assisted driving solutions, strong domestic car brand sales, and a doubling of shipment volumes.
Maintained leadership in ADAS (45.8%) and intelligent driving solutions (32.4%) among Chinese OEMs.
Expanded international presence with design-wins from two Japanese OEMs, nominations from nine joint ventures, and deepened global partnerships.
Achieved record-high nominations, with nearly 400 new model nominations and over 15 models entering mass production in H1 2025.
Cumulative shipments of Journey series hardware surpassed 10 million units in August 2025.
Financial highlights
Total revenue reached RMB 1.57 billion in H1 2025, up 67.6% year-on-year.
Gross profit was RMB 1,024.0 million, up 38.6% year-on-year, with a gross margin of 65.4% (down from 79.0%).
Adjusted operating loss (non-IFRS) was RMB 1,111.3 million, mainly due to increased R&D and cloud investment.
Net loss was RMB 5,233.0 million, compared to RMB 5,098.1 million in H1 2024.
Cash and cash equivalents increased 4.5% to RMB 16.1 billion as of June 30, 2025.
Outlook and guidance
Full-year shipment guidance is around 4 million units, with mid to high-end solutions expected to account for about half.
Anticipates further ASP growth and adoption of advanced features as costs decrease and features penetrate lower-priced segments.
Expects millions of dollars in revenue from HSD solutions in the next two to three years.
Plans to expand global footprint, deepen international partnerships, and invest in software and hardware integration.
Expects to partner with robotaxi operators and provide technological infrastructure for L2 to L4 evolution.
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Next Horizon Robotics earnings date
Q3 202517 Dec, 2025
Next Horizon Robotics earnings date
Q3 202517 Dec, 2025
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Frequently asked questions
Horizon Robotics is a Chinese company focused on the development of edge artificial intelligence (AI) computing solutions. The company designs and manufactures AI processors and software platforms optimized for applications in smart mobility, autonomous driving, and intelligent devices. Its product portfolio includes AI chips and integrated systems that enable real-time processing and decision-making at the device level. The company is headquartered in Beijing, China, and its shares are listed on the Shanghai Stock Exchange.
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