Horizon Robotics Class B (9660) AI Stock Analysis

• Market Cap: HK$132.84B
• Dividend Yield: N/A
• Average Volume (3M): 340.05M
• Price to Earnings (P/E): 46.3
• Beta (1Y): 1.81
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: HK
• Employees: 2,078
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.19
• Shares Outstanding: 11,756,904,000
• 10 Day Avg. Volume: 272,280,168
• 30 Day Avg. Volume: 340,051,833
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$10.97
• Price Target Upside: 14.63% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8

• Rating: 55 Neutral
• Price Target: HK$10.00 ▲(4.49% Upside)

The overall stock score of 55 reflects a mixed outlook. The most significant factor is the financial performance, which shows improvement but still faces challenges in balance sheet stability and cash flow management. Technical analysis provides a positive outlook with upward price trends. However, the high P/E ratio indicates potential overvaluation, which tempers the overall score.

Positive Factors

Revenue Growth

The substantial revenue growth indicates strong market demand and successful product adoption, enhancing the company's competitive position in the AI sector.

Profitability Turnaround

Achieving profitability marks a critical milestone, reflecting improved operational efficiencies and potential for sustainable financial health.

Improved Cash Flow

Positive operating cash flow indicates better cash management and operational performance, supporting long-term growth and investment capabilities.

Negative Factors

Balance Sheet Stability

A historically high debt-to-equity ratio suggests financial instability, which could limit the company's ability to invest in growth opportunities.

Negative Free Cash Flow

Negative free cash flow, despite improvements, indicates ongoing challenges in covering capital expenditures, which could affect future expansion plans.

High Net Income Loss

Persistent net income losses in past years highlight underlying profitability issues that may impact long-term financial resilience and investor confidence.

Horizon Robotics Class B Business Overview & Revenue Model

Company Description

Beijing Horizon Information Technology Co.,Ltd. offers smart driving solutions for passenger vehicles with proprietary software and hardware technologies. The company was founded in 2015 and is based in Beijing, China. Beijing Horizon Information & Technology Co., Ltd operates as a subsidiary of HNA Ecotech Panorama Cayman Co. Ltd.

How the Company Makes Money

Horizon Robotics generates revenue through the sale of its AI processors and integrated solutions to various industries, particularly the automotive sector. The company's revenue streams include direct sales of its edge AI chips and software solutions, licensing fees for its proprietary technologies, and long-term partnerships with automotive manufacturers and technology companies. By collaborating with key players in the automotive and electronics industries, Horizon Robotics benefits from stable demand for its products, leveraging the growing trend of smart and autonomous vehicles. Additionally, the company capitalizes on the increasing integration of AI functionalities in consumer electronics and industrial applications, further diversifying its income sources.

Horizon Robotics Class B Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.38B	1.55B	905.68M	466.72M
Gross Profit	1.84B	1.09B	627.71M	330.99M
EBITDA	2.80B	-6.38B	-8.42B	-1.93B
Net Income	2.35B	-6.74B	-8.72B	-2.06B
Balance Sheet
Total Assets	20.38B	15.87B	9.90B	10.60B
Cash, Cash Equivalents and Short-Term Investments	15.40B	11.36B	7.81B	9.33B
Total Debt	6.94B	6.01B	217.31M	115.51M
Total Liabilities	8.46B	40.54B	27.33B	18.99B
Stockholders Equity	11.91B	-24.67B	-17.44B	-8.39B
Cash Flow
Free Cash Flow	-894.31M	-2.20B	-2.11B	-1.34B
Operating Cash Flow	17.60M	-1.74B	-1.56B	-1.11B
Investing Cash Flow	-1.93B	-667.29M	-214.51M	-1.38B
Financing Cash Flow	5.82B	7.22B	212.41M	6.30B

Horizon Robotics Class B Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 9.57
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 9.57 is below the 20-day moving average (MA) of 10.13, above the 50-day MA of 8.76, and above the 200-day MA of 6.92, indicating a neutral trend. The MACD of 0.22 indicates Positive momentum. The RSI at 49.32 is Neutral, neither overbought nor oversold. The STOCH value of 25.03 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9698	66 Neutral	€63.99B	2,850.00	1.58%	―	6.89%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
9660	55 Neutral	HK$132.84B	46.25	―	―	―	―
2121	55 Neutral	HK$4.85B	―	-27.20%	―	-3.78%	20.83%
6682	54 Neutral	HK$34.26B	―	-3.20%	―	―	―
0020	48 Neutral	HK$111.38B	―	-14.61%	―	17.96%	46.64%

Horizon Robotics Class B Corporate Events

Horizon Robotics Revises Annual Caps for Connected Transactions

Horizon Robotics has entered into a Supplemental Agreement with its subsidiary, D-Robotics, to revise the annual caps for continuing connected transactions under the Product Solutions Sales Framework Agreement. This revision is necessary as the company anticipates that the actual transactions will exceed previous forecasts, necessitating higher annual caps for 2025 and 2026. The changes are subject to specific reporting and review requirements under the Hong Kong Stock Exchange’s Listing Rules but are exempt from circular and independent shareholders’ approval.

The most recent analyst rating on (HK:9660) stock is a Buy with a HK$10.50 price target. To see the full list of analyst forecasts on Horizon Robotics Class B stock, see the HK:9660 Stock Forecast page.

Horizon Robotics Announces Board Reshuffle to Strengthen Leadership

Horizon Robotics has announced changes in its board of directors, with the resignation of Ms. Feiwen Tao and Dr. Juehui Zhang due to personal health reasons and retirement, respectively. Dr. Jian Xu and Mr. Jianjun Zhang have been appointed as new executive and non-executive directors, bringing extensive experience in intelligent vehicles and technology management to the company. These changes are expected to strengthen the company’s leadership and strategic direction in the intelligent robotics and automotive sectors.

The most recent analyst rating on (HK:9660) stock is a Buy with a HK$10.50 price target. To see the full list of analyst forecasts on Horizon Robotics Class B stock, see the HK:9660 Stock Forecast page.

Horizon Robotics Reveals Board Composition and Committee Roles

Horizon Robotics has announced the composition of its board of directors, detailing the roles and functions of its executive, non-executive, and independent non-executive directors. The announcement also outlines the membership of four key board committees, which are crucial for the company’s governance and operational oversight.

The most recent analyst rating on (HK:9660) stock is a Buy with a HK$10.50 price target. To see the full list of analyst forecasts on Horizon Robotics Class B stock, see the HK:9660 Stock Forecast page.

Horizon Robotics Reports Strong Revenue Growth Amid Rising Losses in H1 2025

Horizon Robotics announced its unaudited interim results for the first half of 2025, showing a 67.6% increase in revenue compared to the same period in 2024, despite a 44% rise in operating loss. The company achieved significant milestones, including doubling shipment volumes and increasing the content value per vehicle, driven by the growth in intelligent assisted driving technology. Horizon Robotics maintained its leading market position in ADAS solutions and intelligent driving solutions among Chinese OEMs, with a notable increase in shipments of highway navigate on autopilot (NOA) solutions, primarily due to the success of its Journey 6 series products.

The most recent analyst rating on (HK:9660) stock is a Buy with a HK$10.50 price target. To see the full list of analyst forecasts on Horizon Robotics Class B stock, see the HK:9660 Stock Forecast page.