Horizon Robotics Class B (HK:9660)
:9660
Top Page
Horizon Robotics Class B
(9660)
Select Model
Select Model
Rating:46Neutral
Price Target:
HK$8.50
▲(28.21% Upside)
Action:ReiteratedDate:11/18/25
Horizon Robotics Class B's overall stock score is primarily influenced by its financial performance and technical analysis. While there are signs of financial improvement, the stock's technical indicators suggest bearish momentum. The high P/E ratio indicates potential overvaluation, further impacting the overall score.
Positive Factors
Revenue Growth
A 53.6% revenue increase indicates accelerating demand for Horizon Robotics' AI compute and software in automotive and edge markets. Sustained top-line growth supports scale economies, funds R&D and commercialization, and strengthens customer validation and long-term competitive positioning.
Negative Factors
Balance Sheet Leverage Risk
Legacy negative equity and historically high leverage increase refinancing and solvency risk. Although equity turned positive, prior liabilities could constrain strategic flexibility, raise interest burden, and limit capacity to absorb shocks, making balance sheet stability a medium-term concern.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A 53.6% revenue increase indicates accelerating demand for Horizon Robotics' AI compute and software in automotive and edge markets. Sustained top-line growth supports scale economies, funds R&D and commercialization, and strengthens customer validation and long-term competitive positioning.
Read all positive factors
Horizon Robotics Class B (9660) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$97.14B
Dividend YieldN/A
Average Volume (3M)238.60M
Price to Earnings (P/E)―
Beta (1Y)1.82
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees2,078
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)N/A
Shares Outstanding12,527,496,000
10 Day Avg. Volume157,820,181
30 Day Avg. Volume238,603,909
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)1.30
Price to Sales (P/S)6.49
P/FCF Ratio-17.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$12.00Price Target Upside81.00% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering15
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Horizon Robotics Class B Business Overview & Revenue Model
Company Description
Horizon Robotics, an investment holding company, provides automotive solutions for passenger vehicles in China. The company operates in two segments, Automotive Solutions and Non-Automotive Solutions. It offers Horizon Mono, an advanced driver ass...
How the Company Makes Money
Horizon Robotics generates revenue through multiple key streams including the sale of AI chips and software licenses to manufacturers in the automotive and robotics sectors. The company partners with major automotive firms and tech companies to in...
Horizon Robotics Class B Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
35
Negative
Cash Flow
40
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.25B | 2.38B | 1.55B | 905.68M | 466.72M |
| Gross Profit | 2.24B | 1.84B | 1.09B | 627.71M | 330.99M |
| EBITDA | 3.77B | 2.80B | -6.38B | -8.42B | -1.93B |
| Net Income | 2.46B | 2.35B | -6.74B | -8.72B | -2.06B |
Balance Sheet | |||||
| Total Assets | 25.66B | 20.38B | 15.87B | 9.90B | 10.60B |
| Cash, Cash Equivalents and Short-Term Investments | 17.76B | 15.40B | 11.36B | 7.81B | 9.33B |
| Total Debt | 10.36B | 6.94B | 6.01B | 217.31M | 115.51M |
| Total Liabilities | 12.00B | 8.46B | 40.54B | 27.33B | 18.99B |
| Stockholders Equity | 11.42B | 11.91B | -24.67B | -17.44B | -8.39B |
Cash Flow | |||||
| Free Cash Flow | -2.79B | -894.31M | -2.20B | -2.11B | -1.34B |
| Operating Cash Flow | -2.28B | 17.60M | -1.74B | -1.56B | -1.11B |
| Investing Cash Flow | -3.35B | -1.93B | -667.29M | -214.51M | -1.38B |
| Financing Cash Flow | 10.92B | 5.82B | 7.22B | 212.41M | 6.30B |
Horizon Robotics Class B Technical Analysis
Negative
6.63
Price Trends
7.98
Negative
8.25
Negative
8.19
Negative
Market Momentum
-0.37
Positive
34.68
Neutral
14.99
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9660, the sentiment is Negative. The current price of 6.63 is below the 20-day moving average (MA) of 7.23, below the 50-day MA of 7.98, and below the 200-day MA of 8.19, indicating a bearish trend. The MACD of -0.37 indicates Positive momentum. The RSI at 34.68 is Neutral, neither overbought nor oversold. The STOCH value of 14.99 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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% | |
54 Neutral | HK$65.25B | 49.75 | 3.70% | ― | 1.73% | ― | |
49 Neutral | HK$3.03B | -10.95 | -18.49% | ― | -3.78% | 20.83% | |
49 Neutral | HK$19.44B | -167.45 | -2.14% | ― | ― | ― | |
46 Neutral | HK$97.14B | -9.86 | 21.04% | ― | ― | ― | |
43 Neutral | HK$74.98B | -42.61 | -7.19% | ― | 17.96% | 46.64% |
* Technology Sector Average
HK:9660
Horizon Robotics Class B
6.63
1.03
18.39%
HK:9698
GDS Holdings Ltd.
39.52
20.88
112.02%
HK:0020
SenseTime Group, Inc. Class B
1.85
0.49
36.03%
HK:2121
Qingdao AInnovation Technology Group Co. Ltd Class H
5.37
1.98
58.41%
HK:2391
Tuya, Inc. Class A
17.50
0.25
1.43%
HK:6682
Beijing Fourth Paradigm Technology Co. Ltd. Class H
37.42
0.32
0.86%
Horizon Robotics Class B Corporate Events
Horizon Robotics Grants 12.8 Million Share Awards Under Post-IPO Incentive Plan
Jan 15, 2026
Horizon Robotics has granted a total of 12,796,690 awards tied to an equivalent number of new Class B ordinary shares to 178 employees under its post-IPO share incentive plan, with each grantee paying a nominal HK$1.00 upon acceptance and no purch...
Horizon Robotics Engages in Connected Loan Transaction with Founder
Dec 12, 2025
Horizon Robotics, a company incorporated in the Cayman Islands, has entered into a loan agreement with its founder and controlling shareholder, Dr. Kai Yu. The agreement involves a loan of RMB64,026,413.93 for tax compliance purposes, with an escr...
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.