Core Viewpoint - The company, Hezhima Intelligent, reported significant growth in its mid-term performance for the first half of 2025, driven by deepening collaborations with major clients and expansion into new markets [1] Group 1: Business Development - The company has strengthened partnerships with leading clients such as Geely, BYD, Dongfeng, and FAW, leading to continuous delivery and engineering development of related assisted driving platforms [1] - The number of overseas designated models and their quantity reached a historical high for the company, providing a solid foundation for overseas expansion and sales [1] - The company is making progress in cross-scenario technology and business migration based on existing assisted driving chips and solutions, with advancements in areas like robotics and unmanned logistics vehicles [1] Group 2: Financial Performance - In the first half of 2025, the company achieved a revenue of 253 million, representing a 40.4% increase compared to the same period in 2024 [1]

Financial Performance - The company reported a revenue of HKD 252.88 million for the six months ending June 30, 2025, representing a 40.4% increase compared to HKD 180.14 million in the same period of 2024[6]. - The gross loss for the period was HKD 762.36 million, which is a significant increase of 301.5% compared to a gross loss of HKD 169 million in the previous year[4]. - The financial performance reflects significant progress in commercialization and business expansion during the reporting period[6]. - Revenue increased by 40.4% from RMB 180.1 million for the six months ended June 30, 2024, to RMB 252.9 million for the six months ended June 30, 2025, primarily due to increased sales of driver assistance products and solutions[20]. - Overall gross profit decreased by 30.4% from RMB 90.1 million for the six months ending June 30, 2024, to RMB 62.7 million for the six months ending June 30, 2025[26]. - The net loss for the six months ending June 30, 2025, was RMB 762.4 million, compared to a net profit of RMB 1,104.8 million for the six months ending June 30, 2024[35]. - The company reported a total comprehensive loss of RMB (772,841) thousand for the six months ended June 30, 2025, compared to a loss of RMB (762,364) thousand in the same period of 2024[61]. - The company reported a loss attributable to equity holders of RMB 762,364 thousand, compared to a profit of RMB 1,104,767 thousand for the same period in 2024[83]. Revenue Breakdown - Revenue from advanced driver assistance products and solutions increased by 41.6% from RMB 167.3 million for the six months ending June 30, 2024, to RMB 236.8 million for the six months ending June 30, 2025[21]. - Revenue from intelligent imaging solutions rose by 25.1% from RMB 12.9 million for the six months ending June 30, 2024, to RMB 16.1 million for the six months ending June 30, 2025[22]. - Revenue from customers for the six months ended June 30, 2025, was RMB 252,882,000, representing a 40% increase from RMB 180,139,000 in the same period of 2024[74]. - Revenue from advanced driver assistance systems and solutions for the six months ended June 30, 2025, was RMB 236,785,000, up from RMB 167,271,000 in 2024, indicating a growth of 41.5%[74]. Expenses and Losses - Sales costs increased by 111.2% from RMB 90.1 million for the six months ending June 30, 2024, to RMB 190.2 million for the six months ending June 30, 2025[23]. - Research and development expenses decreased by 10.1% from RMB 687.3 million for the six months ending June 30, 2024, to RMB 618.1 million for the six months ending June 30, 2025[27]. - General and administrative expenses reduced by 6.8% from RMB 182.5 million for the six months ending June 30, 2024, to RMB 170.1 million for the six months ending June 30, 2025[29]. - The company incurred a loss of RMB (762,364) thousand during the period, which contributed to the cumulative loss reaching RMB (11,930,545) thousand as of June 30, 2025[61]. - The operating loss for the six months ending June 30, 2025, was RMB 840,100 thousand, compared to RMB 771,294 thousand in 2024, reflecting an increase in operational challenges[57]. Cash Flow and Financial Position - As of June 30, 2025, the company's cash and cash equivalents amounted to RMB 2,105.1 million, an increase from RMB 1,622.9 million as of December 31, 2024[40]. - The net cash used in operating activities for the six months ended June 30, 2025, was RMB (559,149) thousand, compared to RMB (538,176) thousand for the same period in 2024[41]. - The company reported a net cash inflow from financing activities of RMB 205,175 thousand for the six months ended June 30, 2025[41]. - The company reported cash inflows from financing activities of RMB 1,105,390 thousand for the six months ended June 30, 2025, compared to RMB 205,175 thousand in the same period of 2024[64]. - Cash and cash equivalents at the end of June 30, 2025, were RMB 1,966,492 thousand, significantly higher than RMB 919,957 thousand at the end of 2024, indicating an increase of approximately 114%[64]. Strategic Initiatives and Developments - The company achieved a record number of overseas model points, contributing to a solid foundation for international expansion and sales growth[5]. - The high-level assisted driving chip based on the A1000 series continued to see mass production and delivery, with applications in multiple new vehicle models from leading manufacturers[7]. - The company is advancing the commercialization of its C1200 series chip for assisted driving, with successful testing of new features in several cities[8]. - The A2000 series chip is currently in development, supporting full-scenario applications for urban NOA and aiming for mass production partnerships with leading automotive clients by the end of the year[9]. - The company is developing a robotics solution based on the C1200 series chip, focusing on motion control and intelligent perception capabilities[10]. - The company has begun strengthening its chip and solution layout in the robotics field, deploying products in various scenarios such as humanoid robots and robotic dogs through deep cooperation with leading robotics companies[17]. - The company plans to actively pursue acquisitions of high-performance, low-power AI chip companies to enhance synergy with its existing mid-to-high computing power chip platform, aiming to provide a broader range of robotics and edge applications[18]. - The company anticipates gaining more new vehicle model designations and mass production opportunities from leading automotive companies in the second half of 2025[15]. Corporate Governance - The company is committed to maintaining high standards of corporate governance and will continue to review and monitor its governance practices[97]. - The board consists of three executive directors, one non-executive director, and three independent non-executive directors, ensuring strong independence in its composition[96]. - The audit committee, comprising three independent non-executive directors, has reviewed the unaudited interim financial information and confirmed compliance with applicable accounting standards[100]. - The company has adopted a standard code to regulate securities trading by directors and senior management, ensuring compliance during the reporting period[99]. - The company is committed to transparency and accountability to all shareholders through effective internal control measures[95]. Future Outlook - The company plans to use 30% of the proceeds for developing next-generation smart vehicle SoCs, with an estimated allocation of HKD 285.2 million[48]. - The company will consider separating the roles of Chairman and CEO at an appropriate time based on the overall situation of the group[96]. - The group plans to adopt new accounting standards effective from January 1, 2026, which may impact future financial reporting[72]. - The company is actively seeking new investment opportunities related to its core business to improve service and product offerings[56].

Core Viewpoint - Black Sesame Intelligence and Cloud Deep Technology have formed a strategic partnership to enhance the development of embodied intelligence control platforms and industry-specific intelligent solutions, aiming for international market expansion and innovative applications in high-performance robotics across various sectors [1][3][5]. Group 1: Strategic Collaboration - The collaboration focuses on three main areas: development of embodied intelligence control platforms, co-creation of industry intelligent solutions, and international market expansion [1][3]. - Black Sesame will leverage its self-developed high-performance automotive-grade computing chips in conjunction with Cloud Deep's robotics platform to explore solutions in scenarios such as ship inspection, smart construction, and educational research [3][5]. Group 2: Leadership Insights - The CEO of Black Sesame expressed enthusiasm about the partnership, highlighting the integration of chip technology and robotics capabilities to enhance robot perception, decision-making, and control performance [5]. - The CEO of Cloud Deep emphasized the commitment to innovation in intelligent robotics, stating that the collaboration will accelerate the intelligent upgrade of their robotics platform, particularly in complex applications like ship inspection and smart construction [5]. Group 3: Market and Technological Impact - The strategic cooperation is based on technological co-research and market synergy, aiming to iteratively optimize the embodied intelligence control platform based on real-world scenarios [5]. - This partnership is expected to support domestic innovation in robotics and chip solutions while exploring international opportunities [5].

Core Viewpoint - Black Sesame Intelligence (02533) issued a profit warning, expecting a revenue of over RMB 250 million for the six months ending June 30, 2025, which represents a growth of over 38% compared to the same period in 2024, but anticipates a net loss of no more than RMB 800 million due to various factors including employee stock-based compensation and R&D expenses [1][1][1] Financial Performance - The company expects to record a revenue exceeding RMB 250 million for the six months ending June 30, 2025, marking a growth of over 38% year-on-year [1][1][1] - Anticipated net loss for the same period is projected to be no more than RMB 800 million [1][1][1] Cost Factors - The expected loss is primarily attributed to stock-based compensation expenses of no less than RMB 200 million due to employee awards [1][1][1] - Additional costs arise from R&D efforts in high-level assisted driving and solutions [1][1][1] - The conversion of preferred shares to common shares post-listing has led to a decrease in the fair value gains of financial instruments [1][1][1] Acquisition Progress - Black Sesame Intelligence is progressing with the acquisition of an AI systems chip and solutions business, with due diligence and auditing activities ongoing [1][1][1] - The target company continues to operate under its original management team, which is expected to remain post-acquisition and will be responsible for ongoing operations and management [1][1][1] - Discussions are actively taking place regarding corporate governance and performance targets for the target company after the acquisition [1][1][1]

Core Viewpoint - The company anticipates revenue exceeding RMB 250 million for the six months ending June 30, 2025, representing a growth of over 38% compared to the same period in 2024, but expects a net loss not exceeding RMB 800 million during this period due to various factors [1] Financial Performance - Expected revenue for the upcoming period is over RMB 250 million, which is an increase of more than 38% year-on-year [1] - Projected net loss is capped at RMB 800 million for the same period [1] Cost Drivers - The anticipated loss is primarily attributed to: - Share-based compensation expenses of no less than RMB 200 million due to employee awards [1] - Significant expenditures related to the research and development of advanced driver assistance systems and solutions [1] - Decreased fair value gains on financial instruments issued to investors, linked to the conversion of preferred shares to common shares following the company's listing on the Hong Kong Stock Exchange [1]

Core Viewpoint - Black Sesame Technologies (02533) anticipates revenue exceeding RMB 250 million for the six months ending June 30, 2025, representing a growth of over 38% compared to the same period in 2024, but expects a net loss not exceeding RMB 800 million during this period [1] Financial Performance - The company projects a revenue of over RMB 250 million for the upcoming six-month period [1] - This revenue forecast indicates a growth of more than 38% compared to the same period in the previous year [1] - The anticipated net loss is expected to be no more than RMB 800 million [1] Cost Drivers - The projected loss is primarily attributed to: - Share-based compensation expenses of no less than RMB 200 million due to employee incentive awards [1] - Significant expenditures related to research and development in advanced driver assistance systems and solutions [1] - Decreased fair value gains on financial instruments issued to investors, linked to the conversion of preferred shares to ordinary shares following the company's listing on the Hong Kong Stock Exchange [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 本 公 司 將 根 據 可 能 收 購 事 項 的 進 展 情 況，按 照 上 市 規 則 的 所 有 適 用 規 定 及 法 律 法 規 適 時 履 行 後 續 審 批 及 信 息 披 露 程 序。 Black Sesame International Holding Limited 黑芝麻智能國際控股有限公司* （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：2533） 自願性公告 有關可能收購事項之更新 本公告乃由黑芝麻智能國際控股有限公司（「本公司」，連 同 其 附 屬 公 司，統 稱 「本集團」）自 願 作 出。 茲提述本公司日期為2025年6月18日 的 公 告，內 容 有 關 可 能 收 購 事 項（「先前公 告」）。本 公 司 謹 此 向 其 證 券 持 有 人 及 有 意 投 資 者 提 供 有 關 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Black Sesame International Holding Limited 黑芝麻智能國際控股有限公司* （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：2533） 盈利警告 本公告乃由黑芝麻智能國際控股有限公司（「本公司」，連 同 其 附 屬 公 司，統 稱 「本集團」）根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09(2) (a)條及香港法例第571章證券及期貨條例第XIVA部項下之內幕消息條文（定 義 見 上 市 規 則）而 作 出。 本公司董事（「董 事」）會（「董事會」）謹此通知本公司股東（「股 東」）及 潛 在 投 資 者， 根據董事會對本集團截至2025年6月30日止六個月（「該期間」）未經審計綜合管 理 帳 目 及 董 事 會 目 前 可 得 其 他 資 料 的 初 步 評 ...

Core Viewpoint - Black Sesame Intelligence (02533) has entered the rail transportation active safety sector by launching an AI obstacle detection and warning system for high-speed transport networks, which has gained recognition from leading domestic rail transportation equipment manufacturers, with expected order amounts reaching tens of millions of dollars [1]. Group 1: Company Developments - Black Sesame Intelligence's stock rose over 11%, reaching HKD 19.15 with a trading volume of HKD 669 million [1]. - The newly launched AI system features breakthrough long-distance detection capabilities and automotive-grade reliability [1]. - The company has formed a strategic partnership with AEye, a high-performance lidar company, to integrate its reliable onboard computing platform and perception algorithms with AEye's leading long-distance perception technology [1]. Group 2: Market Impact - The collaboration aims to create a plug-and-play full-stack solution to accelerate the application of the AI obstacle detection and warning system in rail transportation scenarios [1].

Core Viewpoint - Black Sesame Intelligence (02533) has entered the rail transportation active safety sector by launching an AI obstacle detection and warning system for high-speed transport networks, which has gained recognition from leading domestic rail transportation equipment manufacturers, with expected order amounts reaching tens of millions of dollars [1] Group 1: Company Developments - Black Sesame Intelligence's stock rose over 11%, reaching HKD 19.15 with a trading volume of HKD 669 million [1] - The newly launched AI system features breakthrough long-distance detection capabilities and automotive-grade reliability [1] - The company has formed a strategic partnership with AEye, a high-performance lidar company, to integrate its reliable onboard computing platform and perception algorithms with AEye's long-range perception technology [1] Group 2: Market Impact - The AI obstacle detection and warning system is expected to accelerate its application in rail transportation scenarios [1] - The collaboration aims to create a plug-and-play full-stack solution for the rail transportation industry [1]