On August 24, HORIZONROBOT-W fell 3.12% in regular trading, trading at HK$4.81/share, with turnover of HK$62.26 million. The decline came as market participants adopted a wait-and-see stance ahead of the company's interim results scheduled for August 31.

On the news front, no verifiable consensus earnings estimate has been formed for the upcoming period, and the company has not provided specific guidance on revenue or profit, elevating near-term uncertainty. Additionally, the company issued approximately 1.302 billion Class B ordinary shares to CARIAD on August 3, representing roughly 8.93% of previously issued share capital. Combined with the recently completed US$450 million zero-coupon convertible bond issuance, markets are concerned about earnings-per-share dilution on an expanded equity base.

Despite multiple brokerages maintaining buy ratings — with Goldman Sachs setting a target price of HK$13.14 — capital flows have turned cautious in the pre-earnings window, pressuring the stock lower.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)