Core Viewpoint - Black Sesame Intelligence (02533) has seen a stock increase of over 3%, currently at 21.9 HKD, with a trading volume of 83.89 million HKD, following the launch of Li Auto's first AI glasses, Livis, which has garnered significant industry and market attention [1] Group 1: Company Collaboration - Black Sesame Intelligence is collaborating deeply with Li Auto to develop AI imaging solutions that include HDR fusion, MFNR multi-frame noise reduction, video EIS stabilization, night scene enhancement, and portrait beautification algorithms [1] - The collaboration aims to provide a high-quality imaging experience for users by covering high-frequency usage scenarios such as night scenes and portraits [1] Group 2: Technical Innovations - Livis employs a distributed processing solution, where the glasses and smartphone work in tandem to optimize performance and power consumption [1] - Black Sesame Intelligence has focused on optimizing algorithm performance and memory usage to enhance post-processing speed while minimizing algorithm execution time [1] Group 3: Customization and Compatibility - The company offers customized configurations based on diverse usage scenarios, optimizing core dimensions such as detail enhancement, noise processing, and portrait enhancement [1] - The algorithm SDK from Black Sesame Intelligence is deeply integrated with the Li Auto app, allowing Livis to be compatible with mainstream smartphone platforms like Qualcomm, MTK, and Kirin, as well as operating systems including Android, iOS, and HarmonyOS [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 黑芝麻智能國際控股有限公司 呈交日期: 2025年12月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02533 | 說明 | 普通股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | USD | | 0.0001 USD | | 100,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | | 1,000,000,000 | USD | | 0.0001 USD | | 100,000 | 本月底法定/註冊股本總額： USD ...

Core Viewpoint - Black Sesame Intelligence (02533.HK) is planning to acquire Zhuhai Yizhi Electronic Technology Co., Ltd. for an estimated price between 400 million to 500 million RMB, with the acquisition expected to be completed in the first quarter of next year [2][5][6]. Group 1: Acquisition Details - The acquisition will be executed through equity purchase and capital injection, allowing the company to obtain a majority stake in Yizhi Electronics [2][5]. - The company signed a letter of intent with an independent third party in June to acquire a target company focused on cost-effective, low-power AI system-on-chip (SoC) solutions, primarily in automotive intelligence and edge AI applications [6]. Group 2: Yizhi Electronics Overview - Yizhi Electronics specializes in AI machine vision algorithms and SoC chip design, providing system-level solutions across multiple scenarios [3][6]. - The product line includes applications in smart vehicles, smart hardware, and smart security, with a commitment to independent research and development of AI acceleration, high-definition display, audio and video coding, and high-speed mixed-signal IP [3][6]. - The company has successfully mass-produced the industry's first soft-hardware collaborative image recognition SoC chip equipped with its self-developed NPU since 2019, aiding numerous partners in achieving large-scale AI product production [3][6].

Core Insights - Li Auto's first AI glasses, Livis, were officially launched on December 3, attracting significant attention from the industry and market [1] - The collaboration between Black Sesame Intelligence and Li Auto focuses on creating AI imaging solutions, including HDR fusion, multi-frame noise reduction, video EIS stabilization, night scene enhancement, and portrait beautification [1][3] - Livis aims to provide a seamless smart experience both inside and outside the vehicle, with Li Auto's CEO praising it as "the best AI accessory" [3] Company Developments - The development of Livis involved a seven-month deep collaboration between Black Sesame Intelligence and Li Auto's technical teams, utilizing a point-to-point seamless connection model to efficiently advance the project [3] - Livis employs a distributed processing solution, where the glasses and smartphone work together to optimize performance while balancing effect and power consumption [3] - The collaboration allows Livis to be compatible with mainstream smartphone platforms such as Qualcomm, MTK, and Kirin, as well as operating systems like Android, iOS, and HarmonyOS, broadening its user base [3] Industry Trends - Black Sesame Intelligence has extensive experience in the AI imaging field, having partnered with major companies like Samsung, Lenovo, and Motorola, with over 500 million devices equipped with its solutions [4] - AI glasses are seen as a key bridge connecting the digital and physical worlds, with the market for AI glasses expected to grow rapidly; Counterpoint data indicates that by the first half of 2025, AI glasses will account for 78% of total smart glasses shipments [4] - The successful launch of Livis marks Li Auto's transition from the smart automotive sector to the smart wearable device market, while Black Sesame Intelligence achieves a significant industry breakthrough [4]

Group 1 - The company, Hezhima Intelligent (02533.HK), plans to acquire Zhuhai Yizhi Electronic Technology Co., Ltd. for an estimated price between 400 million to 500 million RMB [2] - The acquisition is expected to be completed in the first quarter of next year, with the company anticipated to gain a majority stake in the target company [2] - The target company specializes in the development and sales of cost-effective, low-power AI system-on-chip (SoC) solutions, primarily focusing on automotive intelligence and edge AI applications [2] Group 2 - Yizhi Electronic is a system solution provider centered on AI machine vision algorithms and SoC chip design, focusing on edge/terminal general-purpose AI SoC chip research and development [3] - The company offers a product line that covers three main application areas: intelligent automotive, smart hardware, and smart security [3] - Yizhi Electronic has developed a matrix of AI chip products, including three series of edge/terminal AI SoC chips, catering to various application scenarios in edge/terminal AI [3]

Group 1 - Black Sesame Intelligence (02533.HK) opened over 3% higher and is currently up 3.4%, trading at HKD 20.1 [2] - The trading volume reached HKD 2.1587 million [2]

Core Viewpoint - Black Sesame Technologies (02533) has announced plans to acquire Guangdong Zhuhai Edge AI chip company Yizhi Electronics through equity acquisition and capital injection, with an expected total cost of approximately RMB 400 million to 550 million [1] Group 1: Company Overview - Black Sesame Technologies opened over 3% higher, currently up 3.4% at HKD 20.1, with a trading volume of HKD 2.1587 million [1] - Yizhi Electronics specializes in the independent research and development of edge/terminal AI SoC chips and has established a complete technological closed loop from underlying IP to upper-layer algorithms [1] Group 2: Product and Market Focus - Yizhi Electronics has developed three major product series: SA, SH, and SV, which are applied in various fields including smart security, intelligent automotive (such as ADAS/DMS), and consumer electronics [1] - The financial performance of Yizhi Electronics will be consolidated into Black Sesame Technologies' financial statements upon completion of the acquisition, expected in the first quarter of 2026 [1]

Core Viewpoint - Black Sesame Intelligence is expanding its business into the robotics sector by acquiring Zhuhai Yizhi Electronics, aiming to create a "second growth curve" and enhance its AI chip capabilities for various applications [2][4]. Group 1: Acquisition Details - Black Sesame plans to acquire Zhuhai Yizhi Electronics for approximately 400 million to 550 million yuan, which will make Yizhi a non-wholly-owned subsidiary and integrate its financial performance into Black Sesame's reports [2][4]. - The acquisition is expected to be completed by the first quarter of 2026, with Black Sesame anticipated to gain a majority stake in Yizhi [4]. - Yizhi specializes in high-performance, low-power AI SoC chip development, which complements Black Sesame's existing product offerings and addresses emerging market needs [5][6]. Group 2: Strategic Importance - The acquisition is viewed as a strategic complement rather than mere expansion, allowing Black Sesame to cover a full range of automotive-grade computing chips and enhance its solutions for intelligent vehicles and robotics [5][6]. - Black Sesame's board believes this move will significantly improve its competitive edge in the AI SoC chip market and financial performance through synergies in business expansion, production delivery, supply chain management, and technological breakthroughs [5][6]. Group 3: Robotics Sector Development - Black Sesame has launched the SesameX multidimensional intelligent computing platform, marking its entry into the robotics industry and expanding its focus from intelligent driving to embodied intelligence [6][7]. - The SesameX platform addresses key challenges in the robotics sector, offering a comprehensive solution from hardware to software, and aims to facilitate the commercialization of robotics in collaboration with various partners [7]. - Black Sesame has already established partnerships with brands like Xingcheng Intelligent and Shentingji, applying its solutions in logistics vehicles and robotic systems [7].

Core Viewpoint - Black Sesame Intelligence (02533) plans to acquire a majority stake in Zhuhai Yizhi Electronic Technology Co., Ltd. through equity purchase and capital injection, with an expected total cost of approximately RMB 400 million to 550 million [1] Group 1 - The acquisition is expected to be completed in the first quarter of 2026 [1] - Following the acquisition, Zhuhai Yizhi will be considered a non-wholly owned subsidiary of Black Sesame, and its financial performance will be consolidated into the group's results [1] - The company and related parties are actively advancing the necessary work for the potential acquisition [1]

本公告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（「聯交所」）證券上市規則（「上市規則」）第 13.09(2)條以及證券及期貨條例（香 港 法 例 第571章）第XIVA部項下內幕消息條文 （定 義 見 上 市 規 則）而 作 出。 茲提述本公司日期為2025年6月18日 及2025年8月22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 潛 在 投 資 者 提 供 有 關 該 可 能 收 購 事 項 之 最 新 商 討 狀 況。除 文 義 另 有 所 指 外，本 公 告 所 用 詞 彙 與 先 前 公 告 所 界 定 者 具 有 相 同 涵 義。 有關可能收購事項之更新 本 集 團 擬 通 過 收 購 目 標 公 司 股 權 及 向 目 標 公 司 注 資 的 方 式，收 購 目 標 公 司 珠 海 億 智 電 子 科 技 有 限 公 司，預 期 總 代 價 介 乎 人 民 幣400百萬元至人民幣550百 萬 元。於 可 能 收 購 事 項 完 成 後，預 期 ...