HORIZONROBOT-W Posts Interim Net Profit of RMB 3.784 Billion, Swinging to Profitability with Over 50% Share in Domestic ADAS Market

Stock News
4 hours ago

HORIZONROBOT-W (09660) has announced its interim results for the six months ended June 30, 2026, revealing a significant turnaround in its financial performance. Revenue from customer contracts for continuing operations reached RMB 2.055 billion, marking a 32.9% increase year-over-year, while the company recorded a net profit of RMB 3.784 billion, successfully swinging from a loss in the prior corresponding period. Gross profit for continuing operations also climbed 32.9% to RMB 1.356 billion.

According to third-party industry data, the company achieved a historic milestone by capturing a 50.02% market share in the basic assisted driving solutions (ADAS) segment for domestically branded passenger vehicles in China during the first half of 2026. This marks the first time the company has surpassed the 50% threshold, setting a new record and establishing a commanding lead—approximately double the market share of its second-place competitor. As the basic ADAS market serves as the core entry point for scaling volumes and onboarding new customers, this leadership position lays a solid foundation for the company to penetrate its mid-to-high tier solutions across a broader customer base.

The company has also made notable strides in the high-end segment, with its computing platforms supporting urban NOA functionality capturing a 22.8% share of the Chinese domestically branded passenger vehicle market during the reporting period, up from 17.9% in 2025. This advancement propelled the company from third to second place in the rankings, trailing only one US-based technology firm, with the two combined accounting for over 60% of the market—underscoring the intensifying concentration of market share among top players. In this fastest-growing high-end track, the company has demonstrated strong upward momentum, achieving dual gains in both market share and competitive ranking.

Furthermore, the company reinforced its leadership in the overall intelligent driving computing platform sector. Data from third-party sources shows that its platforms accounted for a 31.9% share of the total Chinese market for domestically branded vehicles, ranking first in the industry. This continues to solidify the company's position as the leading provider in China's intelligent assisted driving computing field.

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