On October 16th, 9660.
HK issued an announcement on the Hong Kong Stock Exchange, officially launching an offering on the Hong Kong Stock Exchange.
It is understood that Horizon plans to sell 1.
355 billion shares globally through Hong Kong IPO, of which 135511200 shares are sold in Hong Kong, accounting for about 10%, and 1219595400 shares, accounting for about 90%, are sold internationally.
The offering price ranges from HK $3.
73 to HK $3.
99 per share, with a ceiling of about HK $5.
4 billion per share.
The IPO will officially go on sale in Hong Kong at 9: 00 a.m. on October 16, and registration will stop at 12:00 on October 21.
Pricing is expected to be released on October 22, and trading on the Hong Kong Stock Exchange will begin on Thursday, October 24.
Source: horizon, Horizon mainly provides core software and hardware solutions for Advanced Auxiliary and Advanced Autopilot, including active Safety Advanced Autopilot solution Horizon Mono, High Speed Autopilot (NOA) solution Horizon Pilot, and Advanced Autopilot solution Horizon SuperDrive (HSD), which is planned to be equipped with Horizon’s latest Expedition 6 processing hardware and is expected to launch in 2026.
The Expedition 6 series is a new on-board intelligent computing scheme officially launched by Horizon in April this year, including six versions– Journey 6B, Journey 6L, Journey 6e, Journey 6M, Journey 6H, Journey 6p.
It can cover full-scale applications ranging from active security to full-scene Jizhi.
As a series of on-board intelligent computing scheme, Expedition 6 has a unified hardware architecture, a unified tool chain and a unified software stack, as well as a consistent, complete and mature intelligent driving mass production development platform.
According to Chen Liming, president of Horizon, Horizon HSD has already realized the generalization of 12 cities in China, and will achieve national generalization in the fourth quarter of 2024, launching a standard mass production plan, and delivering the first mass production cooperative model in the third quarter of 2025.
He also pointed out that 2025 will be the final point for high-level smart driving to “bridge the gap”, and a good smart driving experience and user-recognized smart driving systems and products will be the key to the competition.
According to the data disclosed in the previous prospectus, so far, the horizon software and hardware solution has been adopted by 42 brands of 27 OEM and assembled in 290 models, of which the top 10 OEM in China have chosen Horizon smart driving solution.
In 2021, 2022 and 2023, the horizon realized income of 467 million yuan, 906 million yuan and 1.
552 billion yuan respectively, with income growth rates of 94.
1% and 71.
3% respectively.
The compound annual growth rate of income from 2021 to 2023 was 82.3%. In the same period, the horizon gross profit was 331 million yuan, 628 million yuan and 1.
094 billion yuan respectively, and the gross profit margin was 70.
9%, 69.
3% and 70.
5%, respectively.
In the first half of this year, Horizon recorded revenue of about 935 million yuan, an increase of 151.
6% over the same period last year, with a gross profit margin of 739 million yuan, corresponding to a gross profit margin of 79.0%. , return to the first electric network home page >.
