On September 22, HORIZONROBOT-W fell 3.06% in regular trading, trading at HK$4.15 per share, with turnover of approximately HK$90.73 million. The decline comes amid persistent investor concerns over the company's path to profitability.

The company reported first-half revenue of RMB 2.055 billion, up 32.9% year-over-year, with gross margin maintained at 66%. However, its adjusted net loss widened 25.4% to approximately RMB 1.671 billion. CLSA previously cut its target price from HK$9 to HK$7, citing auto industry headwinds that have delayed high-end autonomous driving chip and HSD shipments, projecting a full-year adjusted net loss of RMB 5.455 billion. While multiple brokerages including JPMorgan, Goldman Sachs, and Guotai Haitong maintain bullish ratings, the widening losses and uncertain timeline for breakeven continue to pressure the stock. JPMorgan currently forecasts the company reaching breakeven by 2028 with revenue of RMB 14 billion.

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