On August 7, HORIZONROBOT-W declined 3.01% in regular trading, trading at HK$4.945 per share, with turnover of HK$105 million.

On the news front, the company completed the issuance of approximately 1.302 billion Class B ordinary shares to CARIAD on August 3 at HK$3.99 per share, representing approximately a 20% discount to the prevailing market price. The dilution effect from the newly issued shares, which account for roughly 8.93% of total shares outstanding as of June 30, continues to weigh on the stock in the near term.

The share issuance was part of a broader restructuring of a convertible loan agreement, under which HORIZONROBOT-W also paid US$399 million in cash to fully terminate all rights and obligations under the original agreement. Post-completion, CARIAD holds a 9.90% stake subject to a 12-month lock-up period. Multiple brokerages including Goldman Sachs and CMBI maintain Buy ratings, though analysts note that the reported interim profit of RMB 3.5-4.0 billion primarily reflects fair value changes on the convertible loan rather than operational improvement.

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