Understanding the Market | Horizon Robotics-W rises over 6%, setting a new listing high; Hang Seng TECH Index weight adjustment may lead to passive capital inflow for the company

Horizon Robotics-W rose over 6% again, reaching a new high of HKD 10.45 since its listing. As of the time of writing, it has increased by 3.77%, trading at HKD 10.18, with a transaction volume of HKD 21.66 million. On the news front, the Hang Seng Index Company’s quarterly review results released on August 22 officially took effect today (September 8). The number of constituent stocks in the Hang Seng TECH Index remains unchanged at 30. CICC expects that due to the changes brought about by the reset of the individual stock weight limit of 8%, the time required for passive fund inflows will be the longest for Horizon Robotics-W and BYD Company Limited, which is expected to bring in approximately USD 560 million and USD 500 million, respectively, with inflow times of 3.4 days and 0.9 days. Notably, on August 29, Horizon Journey officially announced that its vehicle-mounted intelligent chip mass production shipment has officially surpassed 10 million. At the same time, Horizon has also become the first intelligent driving technology company in China to achieve a shipment milestone of 10 million units. The group's founder and CEO Richard Yu stated that he maintains an optimistic outlook on the annual shipment volume, confident that the total annual shipment volume will reach around 4 million units, with low-end and mid-to-high-end products each accounting for half