Jin Wu Financial News | According to the Hong Kong Stock Exchange disclosure on March 26, Horizon submitted a listing application to the main board of the Hong Kong Stock Exchange, with Goldman Sachs, Morgan Stanley, and CITIC Construction Investment International as co-sponsors.
The company is a market-leading supplier of advanced assisted driving (ADAS) and advanced autonomous driving (AD) solutions for passenger cars, and has proprietary software and hardware technology.
On the financial side, from 2021 to 2023, the company's revenue from customer contracts was RMB 467 million, RMB 906 million and RMB 1,552 million, respectively; losses attributable to the owners of the corresponding company were RMB 2,061 billion, RMB 8.719 billion and RMB 6.739 billion during the same period.