HK Stock Market Move | HORIZONROBOT-W(09660) rises more than 5%, Goldman Sachs predicts that the revenue contribution of the "Journey 6" series products will start next year.

HORIZONROBOT-W (09660) rose more than 5%, as of the deadline, it rose 5.28% to HK$3.59, with a turnover of HK$31.5909 million. Goldman Sachs released a research report stating that HORIZONROBOT-W has launched a new generation "Voyage 6" series, with solutions covering a wide range of computing capabilities from 10 TOPS to 560 TOPS. The goal is to first mass-produce 80-128 TOPS J6E/J6M in 2025, and then mass-produce J6P/J6B in 2026. The "Voyage 6" series of products will be launched in April 2024, with potential customers including 10 companies (SAIC, BAIC MOTOR, LI AUTO-W, GAC, etc.). The bank expects that the revenue contribution of this product series will start in 2025. It is expected that J6E/J6M will start shipping to automotive original equipment manufacturers in 2025, and the 560 TOPS J6P will gradually increase in 2026, driving the revenue contribution of the J6 series to as high as 3%/15% in 2025/2026.