Haitong International Cuts HORIZONROBOT-W TP to HKD12.4; Short-term Profit Under Pressure but Growth Quality Improves

AASTOCKS News
2026.04.30 02:38
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Haitong International has lowered the target price for HORIZONROBOT-Wto HKD12.4 from HKD12.5, maintaining an Outperform rating. The company reported rapid revenue growth of 57.7% YoY to RMB3.76 billion in 2025, but also widened losses due to increased R&D investment. Despite short-term profitability pressures, growth quality is improving, with expectations of 60% growth in automotive revenue by 2026. Forecasted revenues for 2026-2028 are RMB5.844 billion, RMB9.766 billion, and RMB13.787 billion, indicating strong future growth prospects.