HORIZONROBOT-W: Annual Report 2024

Horizon Robot announced its performance for the year 2024, with revenue reaching 2.38 billion yuan, a year-on-year growth of 53.6%; gross profit amounted to 1.84 billion yuan, with a significant increase in gross margin. The company achieved a net profit of 2.35 billion yuan, successfully turning around from a loss of 6.74 billion yuan in 2023. As of December 31, 2024, the company's total assets reached 20.38 billion yuan.The company completed the conversion of convertible preferred shares into ordinary shares and issued A1 series preferred shares in its subsidiary D-Robotics. At the same time, it maintained a convertible loan limit of 0.92486 billion dollars with CARIAD and established a joint venture with CARIAD Estonia AS through its subsidiary, further deepening the strategic partnership.In terms of financial...Show More

Horizon Robot announced its performance for the year 2024, with revenue reaching 2.38 billion yuan, a year-on-year growth of 53.6%; gross profit amounted to 1.84 billion yuan, with a significant increase in gross margin. The company achieved a net profit of 2.35 billion yuan, successfully turning around from a loss of 6.74 billion yuan in 2023. As of December 31, 2024, the company's total assets reached 20.38 billion yuan.The company completed the conversion of convertible preferred shares into ordinary shares and issued A1 series preferred shares in its subsidiary D-Robotics. At the same time, it maintained a convertible loan limit of 0.92486 billion dollars with CARIAD and established a joint venture with CARIAD Estonia AS through its subsidiary, further deepening the strategic partnership.In terms of financial status, the company maintains strong liquidity, with current assets amounting to 17.2 billion yuan, and net current assets of 15.92 billion yuan. By the end of 2024, the company's total equity reached 11.91 billion yuan, and it obtained a bank credit limit of 0.8445 billion yuan for construction projects, providing ample funding support for business development.