地平线机器人-W2025年中期报告

（於開曼群島註冊成立以不同投票權控制的有限公司）股份代號 : 9660 2458143233343537394089 20258 2720258 27 20258 2720258 27 André Stoffels20258 2720258 27 Maples Corporate Services LimitedPO Box 309Ugland HouseGrand CaymanKY1-1104Cayman Islands Katherine Rong XIN 92A Katherine Rong XIN 1868 Katherine Rong XIN 33191928 Katherine Rong XIN Maples Fund Services (Cayman) Limited P.O. Box 1093, Boundary HallCricket SquareGrand CaymanKY1-1102Cayman Islands 111 1617 22 5 Davis Polk & WardwellA 6 9660 https://www.horizon.auto 2920 202545.8%32.4% 202563%202451%202559% 1989 849.5%6 NOANOA202420%202532% 2024310400100202515 6BHorizonMono750930 777.8250.0%80% H o r i z o nS u p e r D r i v e(HSD)HSD2025 20251,566.867.6%65.4%HorizonSuperDriveHSDHSDrobotaxi1,111.3 30738.56.9% 150,000HSD 202581,000 6B6BADAS6 L2L4 20256302024630 20252024630 202563067.6%1,566.820252024630 202563066.1%1,516.3 •2025630250.0%777.86 •20256306.9%738.5IPIP 2025630542.8177.1%226.7%56.0%185.4%83.5% 20256301,024.038.6%202463079.0%202563065.4% 20252024630 202563038.4%1,017.4202480.5%67.1% •2025630282.5%354.7202441.7%45.6% •20256303.2%662.6202493.0%89.7% 202563074.0%6.6202463017.7%13.1% 2025630(i)(ii)61.2 202563062.0%2,300.0(i)(ii) 2025630170.1 202563026.3%307.2(i)(ii) 2025630400.12024181.62025630 202563037.1%272.1(i)(ii) 202563014.872.3% 20256303,406.7CARIAD20244,012.7 2025630216.7 20256305,233.020246305,098.1 (i)(ii)(i)(ii)(iii)8 2025630105.0%493.3 202563060.5202463040.8 20256301,111.32024630824.0 20256301,332.52024630803.9 2025630202412311544.5%2025630161 2025630191.120241231161.8 20256301,501.0202412311,513.5 2025630448,551,00020241231407,272,00026 20256302,177202412312,07820256301,460.420246301,118.2 20256305% 2025630 2025630 2018 2025630 202563051.2%2024123141.5% D23240(2) 2025630 ABAB8A.24 2025630 (1)2025630201871,933,0933,610,633B (2)BA AB2025630AB2,124,389,270BB18.07% 8A.22AA (i)8A.17(1)(2)(3)(4) (ii)AA8A.18 (iii)A8A.18(2) (iv)AB •C.2.1 3.21Katherine Rong XIN3.10(2) •C.5.314 2025630 •• 8A.30 (i)(ii)(i)(ii)(iii) • ••••8A.148A.158A.188A.24•• 13.51B(1) 13.51B(1) 2025630XV(a)XV78(b)352(c) (2)202563013,881,293,6822,124,389,270A11,756,904,412B (3)1,733,612,127AEverest Robotics LimitedEverest Robotics LimitedBigsurRobotics Limited99%Horizon Robotics, Inc.1%Horizon Robotics, Inc.BigsurRobotics LimitedRock Street TrustHorizon Robotics, Inc.Bigsur Robotics LimitedEverest Robotics LimitedA 201871,933,093B (4)390,777,143AString Theory Robotics LimitedString Theory Robotics LimitedGravitational Wave Technology Limited99%Grace Robotics, Inc.1%Grace Robotics, Inc.Gravitational Wave Technology LimitedGravitational Wave TrustGraceRobotics, Inc.Gravitational Wave Technology LimitedStringTheory Robotics LimitedA 20183,610,633B (5)169,543,255BHOPE Robotics Holdings Inc.HOPE Robotics Holdings Inc.Venus Robotics Limited99%Kai Robotics, Inc.1%Kai Robotics, Inc.VenusRobotics LimitedTAO TrustKai Robotics, Inc.Venus Robotics LimitedHOPE Robotics Holdings Inc.B 20181,564,378B 2025827 (6)(i)20184,000,000B(ii)8,630B (7)Morningside China TMT Fund IV, L.P.Morningside China TMT Fund IV Co-Investment, L.P.Morningside China TMT GP IV, L.P.Morningside China TMT GP IV, L.P.TMT GeneralPartner Ltd.TMT General Partner Ltd.Morningside China TMT Fund IV, L.P.MorningsideChina TMT Fund IV Co-Investment, L.P. TMT General Partner Ltd.TMT General Partner Ltd. Evolution Special Opportunity Fund I, L.P.Evolution Fund I Co-investment, L.P.5Y Capital Growth Fund I,L.P.5Y Capital Growth Fund I Co-Investment, L.P.5Y Capital GP Limited5YCapital GP LimitedEvolution Special Opportunity Fund I, L.P.Evolution Fund I Co-investment, L.P.5Y Capital Growth Fund I, L.P.5Y Capital Growth Fund I Co-Investment, L.P. 5Y Capital GP Limited5Y Capital GP Limited (8)2018847,236B (1)L (2)D-Robotics120,707,295AHorizon TogetherHoldingLtd.D-Robotics600,000,000BD-Robotics120,707,295A600,000,000B(3)7,485,326AD-Robotics7,485,326A(4)3,247,597AD-Robotics3,247,597A2025827(5)5Y Capital Evolution Fund II, L.P.5Y Capital Evolution Fund II Co-Investment, L.P.D-Robotics14,945,653A11,799,457A25Y Capital Evolution Fund II, L.P.5Y Capital EvolutionFund II Co-Investment, L.P.5Y Capital GP Limited5Y Capital GP LimitedD-Robotics14,945,653A11,799,457A2 2025630XV(a)352(b) 2025630XV23336 企業管治 (1)L (2)2 0 2 563 01 3 , 8 8 1 , 2 9 3 , 6 8 22 , 1 2 4 , 3 8 9 , 2 7 0A11,756,904,412B (3)CARIAD Estonia ASCARIAD SECARIAD SEVolkswagen AGVOWVOW3Volkswagen Group Beteiligungen GmbHVGBPorsche Automobil Holding SEPSEVolkswagenAG53.35%FamiliePorsche Beteiligung GmbHFPBPSE55.46%FPBFerdinand Alexander Zweite Porsche GmbHFAZPFAZPFerdinand Porsche Familien-Holding GmbHFPFHFerdinand PorscheFamilien-PrivatstiftungPoPSFPFH 90% CARIAD SEVGBVolkswagen AG PSE FPB FAZP FPFHPoPSCARIADEstonia ASBCARIAD Estonia ASBCARIAD Estonia ASB (4)2025630B (5)CARIAD Estonia ASB (6)SAIC QIJUN I Holdings Limited 99.95%99.5% SAIC QIJUN I Holdings Limited1,025,310,055B (7) 2025630XV