CITIC SEC maintains a "buy" rating for HORIZONROBOT-W (09660), with HSD experience exceeding expectations.

CITIC SEC releases a research report stating that HORIZONROBOT-W (09660) held its annual product launch conference, unveiling the urban area auxiliary driving system HSD. The bank believes that the experience of HSD exceeds expectations, and sees it as the largest common denominator for urban intelligent driving rights. The bank believes that the company's value is not limited to industry-leading technological reserves, product layout, and customer landing, but also reflects the deep strategic thinking of the management team and the continuous self-iteration at the organizational level. Some shareholders will be unlocked on April 24th, and the bank believes that there may be good trading opportunities. It recommends investors to pay close attention and maintain a focus on recommendation. The bank maintains the company's operating revenue forecast for 2024/2025/2026 at 23.8/36.5/58.8 billion yuan, and maintains a "buy" rating on the company.