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Horizon Robotics Class B (9660) AI Stock Analysis
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Horizon Robotics Class B
(HKEX:9660)
The score is held down primarily by weak and volatile fundamentals (large recent loss and ongoing cash burn) and bearish technicals (below key moving averages with negative momentum). High revenue growth and solid gross margins provide support, but valuation is difficult to justify with losses and no dividend data.
Horizon Robotics Class B (9660) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 54.21B
- Dividend Yield
- ―
- Average Volume (3M)
- 110.63M
- Price to Earnings (P/E)
- -13.2
- Beta (1Y)
- 1.91
- Revenue Growth
- 45.69%
- EPS Growth
- -146.01%
- Country
- Hong Kong
- Employees
- 2,215
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Software - Application
Horizon Robotics Class B Business Overview & Revenue Model
Company Description
Horizon Robotics is an investment holding firm based in Beijing, China, that develops sophisticated technological solutions primarily for passenger vehicles within the Chinese market. The company is organized into two main divisions: Automotive Solut...
How the Company Makes Money
Horizon Robotics makes money primarily by selling its edge AI computing products and related software to customers building intelligent-vehicle systems. Revenue is generated through: (1) AI chip/SoC sales: supplying automotive-grade AI processors (an...
Horizon Robotics Class B Financial Statement Overview
Summary
Strong multi-year revenue scaling and consistently high gross margins are positives, but the latest period shows a sharp swing to a very large net loss and continued cash burn. Balance sheet quality has improved with positive equity, yet rising debt and weak cash conversion keep financial risk elevated.
Income Statement
34NegativeBalance Sheet
56NeutralCash Flow
27Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.30B | 3.66B | 2.38B | 1.55B | 905.68M | 466.72M |
| Gross Profit | 4.09B | 2.36B | 1.84B | 1.09B | 627.71M | 330.99M |
| EBITDA | -8.72B | -9.74B | 2.80B | -6.38B | -8.42B | -1.93B |
| Net Income | -2.14B | -10.20B | 2.35B | -6.74B | -8.72B | -2.06B |
Balance Sheet | ||||||
| Total Assets | 27.21B | 30.62B | 20.38B | 15.87B | 9.90B | 10.60B |
| Cash, Cash Equivalents and Short-Term Investments | 15.05B | 20.84B | 15.40B | 11.36B | 7.81B | 9.33B |
| Total Debt | 8.48B | 13.15B | 6.94B | 6.01B | 26.67B | 18.46B |
| Total Liabilities | 10.83B | 17.98B | 8.46B | 40.54B | 27.33B | 18.99B |
| Stockholders Equity | 16.38B | 12.64B | 11.91B | -24.67B | -17.44B | -8.39B |
Cash Flow | ||||||
| Free Cash Flow | -3.43B | -2.81B | -894.31M | -2.20B | -2.11B | -1.34B |
| Operating Cash Flow | -2.76B | -2.11B | 17.60M | -1.74B | -1.56B | -1.11B |
| Investing Cash Flow | -7.59B | -4.93B | -1.93B | -667.29M | -214.51M | -1.38B |
| Financing Cash Flow | 11.84B | 12.11B | 5.82B | 7.22B | 212.41M | 6.30B |
Horizon Robotics Class B Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9660, the sentiment is Negative. The current price of 3.42 is below the 20-day moving average (MA) of 3.85, below the 50-day MA of 4.16, and below the 200-day MA of 5.96, indicating a bearish trend. The MACD of -0.17 indicates Positive momentum. The RSI at 35.39 is Neutral, neither overbought nor oversold. The STOCH value of 29.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9660.
Horizon Robotics Class B Peers Comparison
Overall Rating
HK:202652Neutral- HK:966043Neutral
HK:080042Neutral
HK:002038Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| HK:2026 | 52Neutral | HKD 16.35B | -13.18 | -10.49% | ― | ― | ― |
| HK:9660 | 43Neutral | HKD 53.93B | -13.23 | -14.76% | ― | 45.69% | -146.01% |
| HK:0800 | 42Neutral | HKD 10.86B | -6.26 | -21.63% | ― | 109.13% | 40.49% |
| HK:0020 | 38Underperform | HKD 46.69B | 132.06 | 1.09% | ― | 31.42% | ― |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:9660 | Horizon Robotics Class B | 3.42 | -5.31 | -60.84% | |
| HK:0020 | SenseTime Group, Inc. Class B | 1.10 | -1.23 | -52.78% | |
| HK:2431 | Minieye Technology Co., Ltd. Class H | 1.61 | -23.95 | -93.70% | |
| HK:2026 | Pony AI Inc. | 37.58 | -88.52 | -70.20% | |
| HK:0800 | WeRide Inc. Class A | 11.00 | -13.40 | -54.92% | |
| HK:0068 | Manycore Tech Inc. | 2.98 | -15.62 | -83.98% |
Horizon Robotics Class B Corporate Events
Horizon Robotics Grants 37.8 Million Class B Share Awards to 219 Employees
Horizon Robotics has granted 37,759,920 awards tied to new Class B ordinary shares to 219 employees under its post-IPO share incentive plan, with no purchase price for the underlying shares and a nominal HK$1.00 consideration per grantee on acceptanc...
Horizon Robotics Revises 2026 Cap and Renews Sales Framework With Connected Partner
Horizon Robotics has entered into a second supplemental agreement with D-Robotics to further revise the annual cap for 2026 under its existing product solutions sales framework, reflecting an adjustment in the expected volume or value of transactions...
Horizon Robotics Lifts Revenue and ADAS Share Amid China’s Shift to Intelligent Vehicles
Horizon Robotics, a Cayman Islands-incorporated company listed in Hong Kong, develops intelligent vehicle solutions focused on advanced driver assistance and autonomous driving. The company provides high-computing-power platforms and all-scenario ass...
Horizon Robotics Sets Board Meeting and Earnings Call for Interim 2026 Results
Horizon Robotics has scheduled a board meeting for August 31, 2026 to review and approve the group’s interim results for the six months ended June 30, 2026, and to consider the potential declaration of an interim dividend. The company will also...
Horizon Robotics Closes Loan Amendment and Reshapes Shareholding Structure
Horizon Robotics has closed its previously announced amendment to a convertible loan agreement, effective 3 August 2026, completing the issuance of conversion shares, payment for an excess portion and an additional cash payment. As a result, all righ...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 23, 2026