Understanding the Market | HORIZONROBOT-W rises over 8%, Journey chip mass production shipments exceed 10 million sets, revenue from products and solutions in the first half of the year increases by more than three times

HORIZONROBOT-W rose over 8% in early trading, and as of the time of writing, it is up 7.79%, priced at HKD 9.69, with a transaction volume of HKD 2.279 billion. In terms of news, on August 29th, Horizon Journey officially announced that the mass production and shipment of its in-vehicle intelligent chips has officially surpassed 10 million. At the same time, Horizon has also become the first domestic intelligent driving technology company to achieve the milestone of 10 million shipments. The group's founder and CEO, Richard Yu, stated that he maintains an optimistic outlook on the annual shipment volume, confident that it will reach around 4 million units for the year, with low-end and mid-to-high-end products each accounting for half. Notably, Horizon Robotics previously released its interim results, reporting that the company's product and solution revenue for the first half of the year was RMB 778 million, a year-on-year increase of 3.5 times, while software and licensing service revenue was RMB 738 million, a year-on-year increase of 6.9%. The delivery volume of products and solutions was nearly 2 million units, a year-on-year increase of about 100%, benefiting from the mass production of the Journey 6 series, with mid-to-high-end product shipments reaching 980,000 units, accounting for 49.5% of total shipments, a year-on-year increase of 6 times. The company's mid-to-high-end products contributed over 80% of the revenue from product and solution business. The average selling price of automotive products and solutions reached 1.7 times that of the same period last year