Horizon Robotics Returns to Profit in 2024; Shares Slide 3%

MT Newswires Live

2025/03/24

Horizon Robotics (HKG:9660) returned to a profit of 2.35 billion yuan in 2024 from a loss of 6.74 billion yuan in 2023, according to a Friday filing with the Hong Kong bourse.

The robotics company returned to earnings per share of 0.51 yuan from a loss per share of 2.50 yuan in the previous year.

Revenue from contracts with customers grew 54% to 2.38 billion yuan from 1.55 billion yuan a year earlier.

Shares fell 3% during Monday's afternoon trading.

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