Horizon (Stock Code: 9660) has released its 2025 full-year financial results, revealing a total revenue of 3.758 billion yuan—a significant year-on-year increase of 57.7%. The company’s gross profit reached 2.426 billion yuan, up 31.7% from the previous year, with a gross profit margin of 64.5%. Despite these gains, Horizon reported an adjusted operating loss of 2.372 billion yuan and a net loss of 2.812 billion yuan.

Revenue was divided between automotive and non-automotive segments. Automotive solutions generated 3.557 billion yuan, accounting for 94.6% of total revenue. Within this segment, product solutions and licensing & services businesses each contributed roughly half. Non-automotive solutions brought in 200 million yuan, representing 5.4% of total revenue and marking a substantial year-on-year increase of 179.9%.

In 2025, Horizon shipped over 4 million chipsets, a 38.8% year-on-year rise. Shipments of mid-to-high-end intelligent driving chips reached 1.8 million units, making up 45% of total shipments and contributing over 80% of revenue from product and solution businesses.

In terms of expenses, administrative costs rose to 726 million yuan, up 13.9% year-on-year, while sales and marketing expenses climbed to 632 million yuan, a 54.2% increase from the previous year.