Sinotrust Securities: Maintains a "Buy" rating on Horizon Robotics-W (09660.HK) as high-level intelligent driving is imminent.

According to the Wise Finance APP, Zhongtai Securities released a research report stating that Horizon Robotics-W (09660.HK), as a leading company in domestic intelligent driving solutions, has rapidly increased its product shipments, and its business revenue from authorized solutions is growing rapidly. The company has an excellent business model, and the delivery of the J6 and HSD solutions is expected to further open up growth space. The bank expects the company to achieve operating income of 35.99/55.10/81.86 billion yuan in 2025-2027 (with values of 38.56/61.85 billion yuan in 2025/2026), and achieve net profit of -19.33/-5.11/8.38 billion yuan (with values of -11.45/1.16 billion yuan in 2025/2026). Considering the company's excellent track and good growth prospects, the bank maintains its "buy" rating on the company.