Zhitong Finance App News, Horizon Robot-W (09660) announced that the Group's estimated financial results for the six months ended June 30, 2026 are as follows: Customer contract revenue from continuing operations was 1.93 billion yuan to 2.08 billion yuan; profit for the period was 3.5 billion yuan to 4 billion yuan.
The Group's revenue from continuing operations is expected to increase for the six months ended June 30, 2026, mainly driven by the two major revenue segments. The increase in revenue from product solutions is mainly due to the continuous strengthening of the company's market position and steady increase in market share, and the beginning of large-scale mass production deployment of the company's full-scene urban NOA solution (HSD). Revenue from the licensing and service business also recorded strong growth, mainly benefiting from the company's licensing of its underlying technology to a broad customer base — covering BPU, AI basic models and various tool chains. This growth is supported by the company's unique business model, which is similar to the combination of ARM and Android, which licenses basic platform-based technologies such as underlying chips and software to many customers across the ecosystem.
The expected gross profit of the Group's continuing operations increased accordingly, while gross margin remained at a healthy and steady high level.
The expected net profit of the Group for the six months ended June 30, 2026 is mainly due to changes in the fair value of the convertible loans issued to CARIAD due to fluctuations in the Group's stock price.
The Board wishes to emphasize that “adjusted net loss” (a non-IFRS measure) is not required by or presented in accordance with IFRS. The Company defines the adjusted net loss as the profit (loss) for the period adjusted by adding back (i) share-based payments (which are non-cash), (ii) non-recurring fund-raising expenses relating to the Hong Kong initial public offering and global offerings and prior to new placements, (iii) changes in the fair value of preferred shares and other financial liabilities (which are non-cash items), and (iv) the proceeds of the termination of the merger account of D-Robotics (which are non-recurring events and are not part of the Group's daily operations).
The company believes that non-IFRS financial measures can help identify potential trends in the company's business and enhance the overall understanding of the company's past performance and prospects. The company also believes that these non-IFRS financial measures can increase the visibility of key indicators used by the company's management in financial and operational decisions. These non-IFRS financial measures are not presented in accordance with IFRS and may differ from non-IFRS accounting and reporting methods used by other companies. Non-IFRS financial measures have limitations as analytical tools, and investors should not consider them in isolation when evaluating the company's operating performance, or as a substitute for net profit/ (loss) or other consolidated comprehensive income/ (loss) table data prepared in accordance with IFRS. The Company encourages investors and others to thoroughly review the Company's financial data rather than rely solely on a single financial indicator.