Horizon Robotics Reports Strong 2024 Financial Performance and Product Innovations

The latest announcement is out from Horizon Robotics Class B ( (HK:9660) ).

Horizon Robotics announced its audited annual results for 2024, showcasing significant financial growth with a 53.6% increase in revenue and a 68.3% rise in gross profit compared to the previous year. The company achieved record delivery volumes and expanded its design-wins to over 310 car models, highlighting its strong market position and operational efficiency. Key product developments included the launch of the Horizon SuperDrive solution and the introduction of the Journey 6 series processing hardware, which have been well-received in the market.

More about Horizon Robotics Class B

Horizon Robotics is a leading provider of advanced driver assistance systems (ADAS) and autonomous driving (AD) solutions for passenger vehicles. The company has a strong presence in the Chinese market, capturing over 40% of the OEM ADAS market and ranking second among independent third-party AD solution providers in China.

YTD Price Performance: 122.50%

Average Trading Volume: 60,465,910

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: HK$101.4B

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