Horizon Robotics releases first annual performance report after listing

Horizon released its first annual performance report after listing on March 21. The report shows that in 2024, Horizon's annual revenue will be 2.384 billion yuan, a year-on-year increase of 53.6%; gross profit will be 1.841 billion yuan, a year-on-year increase of 68.3%; cash and cash equivalents reserves will increase by 35.31% year-on-year to 15.371 billion yuan. The total revenue of the intelligent driving solution business is 2.312 billion yuan, a year-on-year increase of 57.2%. Among them, the product solution business revenue is 664 million yuan, a year-on-year increase of 31.2%; the authorization and service business revenue is 1.647 billion yuan, a year-on-year increase of 70.9%.