Horizon has sufficient cash reserves to support operations in the next few years

Despite the upcoming IPO, Horizon Robotics has sufficient cash reserves. As of the end of 2023, the company's cash and cash equivalents totaled RMB 11.36 billion, plus unused bank loans, which is enough to support the company's operations in the next few years based on the operating loss of RMB 2.03 billion in 2023.