Full Year 2025 Horizon Robotics Earnings Call Transcript

Mar 19, 2026 / 11:00 AM GMT

Release Date Price: HK$7.25 (-3.07%)

Transcript

Key Points

Positve

Horizon Robotics (FRA:8YO) achieved a revenue of CNY3.76 billion in 2025, marking a year-on-year increase of 57.7%.
The company secured a market share of 47.7% in the Chinese domestic brand solution provider segment, leading the industry.
Horizon Robotics' automotive grade SOC solution shipments grew by 39% year-on-year, with a significant increase in ASP by more than 75%.
The Horizon Superdrive (HSD) solution entered mass production, quickly surpassing 22,000 units in shipments.
The company has secured mass nominations from 11 automakers and over 40 overseas, with a cumulative life cycle export reaching 2 million units.

Negative

Horizon Robotics reported an adjusted operating loss of CNY2.37 billion, primarily due to increased R&D investment.
The company faces significant competition from established players like Nvidia and Qualcomm in the SOC market.
Despite revenue growth, the net loss for 2025 was CNY10.5 billion, driven by fair value changes in convertible bonds.
The company is heavily reliant on the Chinese market, which could pose risks if market conditions change.
Memory price fluctuations pose a challenge, although Horizon has locked in supply prices to mitigate this risk.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

9660.HK - Horizon Robotics
Full Year 2025 Horizon Robotics Earnings Call
Mar 19, 2026 / 11:00AM GMT

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Presentation
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Unidentified_1 [1]
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Greetings ladies and gentlemen, welcome to Horizon Robotics 2025 annual results conference call. At this time, all participants are in a listen-only mode.

A question-and-answer session will follow the formal presentation.

As a reminder, this conference is being recorded.

I would now like to turn the call over to your host, Ms. Joan Jiang, VP and board secretary and head of Investor relations of Horizon Robotics.

Thank you, Joan, you may begin.

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Unidentified_2 [2]
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Thank you.

Ladies and gentlemen, welcome to

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