Goldman Sachs: Horizon Robot-W (09660)'s revenue increased the most in the first half of the year by 35%, and the annual net profit forecast rose to 1.7 billion yuan

Zhitongcaijing · 2d ago

The Zhitong Finance App learned that Goldman Sachs released a research report saying that after considering the latest guidelines from Horizon Robot-W (09660), it raised its net profit forecast for the 2026 fiscal year to 1.7 billion yuan, maintaining the company's target price of HK$13.14 and the “buy” rating.

Goldman Sachs expects Horizon Robotics's revenue to increase by 25 to 35% year-on-year in the first half of the year, outperforming the overall performance of the Chinese automobile market; net profit is expected to be between 3.5 billion and 4 billion yuan. The bank pointed out that the above differences are mainly due to changes in fair value of convertible loans issued to CARIAD due to stock price fluctuations. Also, the bank mentioned that the new version released by HSD (Horizon SuperDrive), a subsidiary of Horizon Robotics, has been applied to Chery's iCar V27 model.