Want to see HK:9660 full AI Analyst Report?
Top Page
Horizon Robotics Class B
(9660)
Select Model
Select Model
Rating:43Neutral
Price Target:
HK$4.50
▼(-40.00% Downside)
Action:Reiterated
Date:07/04/26
The score is primarily constrained by weak financial performance: volatile profitability with a large 2025 loss and persistent negative cash flow outweigh strong revenue growth and healthy gross margins. Technicals also remain soft with the stock below longer-term moving averages and negative MACD. Valuation is difficult to justify on earnings due to the negative P/E and lack of dividend support.
Positive Factors
Revenue Growth
Sustained multi-year top-line expansion from CNY0.47B to CNY3.66B demonstrates durable commercial traction with automaker and tier-1 customers. A growing revenue base supports scale advantages, platform adoption and provides optionality to invest in R&D and productization over the next 2–6 months.
Negative Factors
Volatile Profitability
A dramatic swing from prior profit to a large 2025 net loss highlights unstable operating performance and execution risk. Persistent volatility complicates planning, raises break-even uncertainty and can force strategic trade-offs that impair long-term margin recovery if not corrected.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained multi-year top-line expansion from CNY0.47B to CNY3.66B demonstrates durable commercial traction with automaker and tier-1 customers. A growing revenue base supports scale advantages, platform adoption and provides optionality to invest in R&D and productization over the next 2–6 months.
Read all positive factors
Horizon Robotics Class B (9660) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$68.63B
Dividend YieldN/A
Average Volume (3M)238.60M
Price to Earnings (P/E)―
Beta (1Y)2.08
Revenue Growth57.94%
EPS Growth-523.96%
CountryHK
Employees2,078
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)N/A
Shares Outstanding12,539,118,000
10 Day Avg. Volume157,820,181
30 Day Avg. Volume238,603,909
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)7.95
Price to Sales (P/S)27.46
P/FCF Ratio-35.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$10.69Price Target Upside42.57% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering11
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Horizon Robotics Class B Business Overview & Revenue Model
Company Description
Horizon Robotics is an investment holding firm based in Beijing, China, that develops sophisticated technological solutions primarily for passenger vehicles within the Chinese market. The company is organized into two main divisions: Automotive So...
How the Company Makes Money
null...
Horizon Robotics Class B Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
56
Neutral
Cash Flow
27
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.66B | 2.38B | 1.55B | 905.68M | 466.72M |
| Gross Profit | 2.36B | 1.84B | 1.09B | 627.71M | 330.99M |
| EBITDA | -9.74B | 2.80B | -6.38B | -8.42B | -1.93B |
| Net Income | -10.20B | 2.35B | -6.74B | -8.72B | -2.06B |
Balance Sheet | |||||
| Total Assets | 30.62B | 20.38B | 15.87B | 9.90B | 10.60B |
| Cash, Cash Equivalents and Short-Term Investments | 20.84B | 15.40B | 11.36B | 7.81B | 9.33B |
| Total Debt | 13.15B | 6.94B | 6.01B | 217.31M | 115.51M |
| Total Liabilities | 17.98B | 8.46B | 40.54B | 27.33B | 18.99B |
| Stockholders Equity | 12.64B | 11.91B | -24.67B | -17.44B | -8.39B |
Cash Flow | |||||
| Free Cash Flow | -2.81B | -894.31M | -2.20B | -2.11B | -1.34B |
| Operating Cash Flow | -2.11B | 17.60M | -1.74B | -1.56B | -1.11B |
| Investing Cash Flow | -4.93B | -1.93B | -667.29M | -214.51M | -1.38B |
| Financing Cash Flow | 12.11B | 5.82B | 7.22B | 212.41M | 6.30B |
Horizon Robotics Class B Technical Analysis
Neutral
7.50
Price Trends
5.73
Negative
6.71
Negative
7.82
Negative
Market Momentum
-0.43
Negative
48.36
Neutral
69.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9660, the sentiment is Neutral. The current price of 7.5 is above the 20-day moving average (MA) of 4.43, above the 50-day MA of 5.73, and below the 200-day MA of 7.82, indicating a neutral trend. The MACD of -0.43 indicates Negative momentum. The RSI at 48.36 is Neutral, neither overbought nor oversold. The STOCH value of 69.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:9660.
Horizon Robotics Class B Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
45 Neutral | HK$58.40B | -23.55 | -7.21% | ― | 33.04% | 62.73% | |
43 Neutral | HK$68.63B | -5.23 | -85.39% | ― | 57.94% | -523.96% | |
42 Neutral | HK$24.02B | -19.59 | -41.05% | ― | ― | ― | |
40 Underperform | HK$13.93B | -15.18 | -11.26% | ― | ― | ― |
* Technology Sector Average
HK:9660
Horizon Robotics Class B
4.68
-1.70
-26.65%
HK:0020
SenseTime Group, Inc. Class B
1.38
-0.11
-7.38%
HK:2431
Minieye Technology Co., Ltd. Class H
9.01
-17.09
-65.48%
HK:2026
Pony AI Inc.
55.40
-70.70
-56.07%
HK:0800
WeRide Inc. Class A
14.69
-9.71
-39.80%
HK:0068
Manycore Tech Inc.
10.90
-7.70
-41.40%
Horizon Robotics Class B Corporate Events
Horizon Robotics Shareholders Approve All AGM Resolutions and Re-elect Board
Jun 10, 2026
Horizon Robotics reported that all ordinary resolutions at its annual general meeting on June 10, 2026, were approved by poll, reflecting strong shareholder support across both Class A and Class B share classes. Shareholders adopted the audited co...
Horizon Robotics Sets June 2026 Virtual AGM to Approve Accounts, Board Mandates
May 19, 2026
Horizon Robotics has called a virtual annual general meeting for June 10, 2026, where shareholders will review and adopt the company’s audited financial statements for the year ended December 31, 2025, and receive reports from directors and ...
Horizon Robotics Grants Over 59 Million Class B Share Awards Under Post-IPO Plan
Apr 24, 2026
Horizon Robotics has granted 59,202,600 share awards under its Post-IPO Share Incentive Plan to 1,073 employee and related-entity participants, with no purchase price for the underlying new Class B shares and a token acceptance fee of HK$1.00 per ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.