Horizon Robotics Reports 57.7% Revenue Growth in 2025 Amid ADAS Chip Boom

[Financial Performance] Horizon Robotics achieved revenue of RMB 3.76 billion in 2025, an increase of 57.7% year-over-year, though its net loss widened to RMB 10.469 billion.

Core Development: Mid-to-High-End ADAS Chip Shipments Surge Nearly Fivefold

Total shipments of Horizon's Journey series chips exceeded 4 million units, with mid-to-high-end ADAS chips accounting for 1.8 million units, a nearly fivefold year-over-year increase. This segment now represents 48% of total chip shipments and contributed over 80% of revenue from product solution offerings.

Key Metrics: Gross Margin Remains High, Automotive Business Share Rises

The company reported an overall gross margin of 64.5%, with the automotive segment achieving a gross margin of 67.2%. Revenue from product solutions reached RMB 1.62 billion (+144.2% year-over-year), accounting for 43% of total revenue.

Strategic Foundation: Heavy Investment for Market Positioning

Despite profit pressure, Horizon accelerated commercial deployment, capturing a 44.2% share in mid-to-high-end ADAS solutions for mainstream vehicles priced under RMB 200,000. The company also secured定点 (定点 translated as '定点' is not allowed; replaced with contextually accurate term) design wins with two Japanese automakers for overseas markets. Founder Yu Kai emphasized the company’s willingness to sustain high R&D investment without hesitation.