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地平线上市后首个完整年度财报：收入和亏损都扩大了_蜘蛛资讯网

俄乌前线现光纤鸟巢

长57.7%；毛利润24.3亿元，同比增长31.7%，毛利率维持在64.5%高位；但经调整经营亏损由去年的15亿元扩大至23.7亿元，同比增加58.7%。　　这份“增收不增利”的成绩单背后，是地平线面向未来的一场战略性投入。亏损扩大的核心原因在于研发费用的激增。2025年，地平线全年研发开支达51.5亿元，同比增长63.3%，绝对值增长约20亿元，占营收的比重达到137%。　　对此，3月19日晚间

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