Hong Kong · Delayed Price · Currency is HKD Horizon Robotics Earnings Call Transcripts
Fiscal Year 2025
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Revenue grew 57.7% to CNY 3.8B in 2025, led by strong automotive and licensing growth, with gross margin at 64.5%. Market share in intelligent driving surged, HSD mass production began, and 60% annual growth is targeted for the next three years.
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Revenue surged 67.6% year-on-year to RMB 1.57 billion, driven by doubling shipment volumes and a 70% increase in ASP, with mid to high-end solutions now accounting for half of shipments. Adjusted operating loss widened due to strategic R&D and cloud investments.
Fiscal Year 2024
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Revenue grew 53.6% to RMB 2.4 billion in 2024, driven by strong Automotive Solution sales and robust market share gains. Gross margin reached 77.3%, and adjusted operating loss narrowed by 11.4%. 2025 guidance anticipates delivery volumes exceeding 10 million units.