Core Viewpoint - Black Sesame Intelligence (02533) has successfully passed the relevant reviews by the U.S. Department of Commerce and the Department of Defense for its high-performance all-scenario intelligent driving chip, the Huashan A2000, allowing for global sales and application, marking its entry into the large-scale application phase [1] Group 1: Company Developments - The Huashan A2000 chip is built on a 7nm advanced process and integrates high-performance CPU, GPU, NPU, and various dedicated computing units, with performance comparable to the world's leading intelligent driving chips [1] - Black Sesame Intelligence's subsidiary SPV has acquired a total of 60% equity in Zhuhai Yizhi Electronic Technology Co., Ltd. for a total cash consideration of 457.8 million RMB, focusing on the development and sales of cost-effective, low-power AI system chips (SoC) and solutions [1] Group 2: Market Reaction - Following the announcement, Black Sesame Intelligence's stock opened over 5% higher and was up 5.58% at HKD 20.62, with a trading volume of HKD 4.724 million [1]

资料显示，华山A2000芯片基于7nm先进工艺打造，集成高性能CPU、GPU、NPU及多种专用计算单 元，实测性能媲美当前全球顶尖的智驾芯片。该芯片支持全FP16/FP8浮点及INT4/INT8/INT16等多种精 度计算，并搭配成熟的AI工具链BaRT，可实现从模型训练到部署的全流程高效开发。A2000芯片于 2025年1月流片成功，因其超高性能而受到美方审查。经过近一年的技术澄清与沟通，最终成功通过审 批，黑芝麻智能也成为国内唯一通过此类审查的企业。 北京商报讯（记者 陶凤 王天逸）1月4日，黑芝麻智能宣布，其高性能全场景智能驾驶芯片——华山 A2000，已顺利通过美国商务部和国防部的相关审查，获准在全球范围内销售与应用。此举标志着 A2000芯片正式进入规模化应用阶段，将为高阶智能驾驶的商业化落地提供核心算力支持。 ...

格隆汇1月4日丨黑芝麻(000716.SZ)公布，收到控股股东广西黑五类食品集团有限责任公司（简称"黑五 类集团"）通知，黑五类集团向广西旅发大健康产业集团有限公司（简称"广旅大健康"）协议转让公司 股份事项已完成股份过户登记手续，并取得了中国证券登记结算有限责任公司出具的《证券过户登记确 认书》。至此，公司控股股东由黑五类集团变更为广旅大健康，公司实际控制人由李汉荣先生、李汉朝 先生、李玉琦先生、李玉宇先生、李玉坚先生、甘政先生、李淑娴女士变更为广西壮族自治区人民政府 国有资产监督管理委员会（简称"广西自治区国资委"）。 ...

Core Insights - Black Sesame Intelligence has received approval from the U.S. Department of Commerce and the Department of Defense for its high-performance intelligent driving chip, the Huashan A2000, marking its entry into large-scale application [1][3] - The A2000 chip, based on 7nm technology, integrates high-performance CPU, GPU, NPU, and various dedicated computing units, supporting multiple precision calculations and a full AI toolchain for development [3] - The company reported a revenue of 252.88 million RMB in the first half of 2025, a 40.4% increase year-on-year, but incurred a net loss of 762.36 million RMB [4] Company Developments - Black Sesame Intelligence launched the Huashan A2000 family in September 2024, including A2000 Lite, A2000, and A2000 Pro, targeting different levels of autonomous driving needs, with maximum computing power four times that of mainstream flagship chips [3] - The company completed a strategic acquisition of Yizhi Electronics, gaining a 60% stake, which is seen as a key move to expand its edge intelligence solutions and explore new growth paths [4] - Market expectations suggest that Black Sesame Intelligence may achieve over 60% revenue growth this year [5]

Core Viewpoint - Black Sesame Intelligence has successfully passed U.S. government reviews for its high-performance intelligent driving chip, the Huashan A2000, allowing for global sales and marking its entry into large-scale application [1][3]. Group 1: Product Development and Approval - The Huashan A2000 chip, based on 7nm technology, integrates high-performance CPU, GPU, NPU, and various dedicated computing units, supporting multiple precision calculations [3]. - The chip's approval followed nearly a year of technical clarifications and communications, making Black Sesame the only domestic company to achieve such approval [3]. - The A2000 family, including A2000 Lite, A2000, and A2000 Pro, is set to launch in September 2024, with the maximum computing power being four times that of mainstream flagship chips at the time [3]. Group 2: Financial Performance - In the first half of the year, Black Sesame reported revenue of 253 million RMB, a year-on-year increase of 40.4%, but recorded a net loss of 762 million RMB, indicating a shift from profit to loss [3][4]. - The gross profit margin decreased to 24.8% in 2025 from 50.0% in 2024, reflecting challenges in profitability [4]. Group 3: Strategic Initiatives - Black Sesame has made significant moves, including the launch of the SesameX multidimensional intelligent computing platform in November, entering the humanoid robot sector [4]. - The company announced a strategic acquisition of a controlling stake in Yizhi Electronics, aiming to expand its edge intelligent solutions and explore new growth paths [4]. - Market expectations suggest that Black Sesame is likely to achieve over 60% revenue growth this year [5].

关于控股股东股份协议转让完成过户登记 及部分股份解除质押暨公司控制权发生变更的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 南方黑芝麻集团股份有限公司（以下简称"公司"）收到控股股东广西黑五 类食品集团有限责任公司（以下简称"黑五类集团"）通知，黑五类集团向广西 旅发大健康产业集团有限公司（以下简称"广旅大健康"）协议转让公司股份事 项已完成股份过户登记手续，并取得了中国证券登记结算有限责任公司（以下简 称"中登结算公司"）出具的《证券过户登记确认书》。至此，公司控股股东由 黑五类集团变更为广旅大健康，公司实际控制人由李汉荣先生、李汉朝先生、李 玉琦先生、李玉宇先生、李玉坚先生、甘政先生、李淑娴女士变更为广西壮族自 治区人民政府国有资产监督管理委员会（以下简称"广西自治区国资委"）。现 将具体情况公告如下： 一、本次协议转让概述 2025 年 8 月 8 日，公司控股股东黑五类集团与广旅大健康签署了《股份转让 协议》，黑五类集团拟通过协议转让方式将其持有公司 150,697,910 股（约占公司 总股本 20%）的无限售流通股股份转让给广旅大健康；本次 ...

Core Insights - The company, Hezhima Intelligent, has successfully obtained ISO 26262: 2018 TCL3 automotive functional safety certification for its self-developed Shanhai® AI toolchain, indicating compliance with the highest international automotive functional safety standards [2] - The Shanhai® AI toolchain is designed for the development of advanced driver assistance systems (ADAS), supporting end-to-end capabilities from data processing to model deployment, and is compatible with major training frameworks [3] - Hezhima Intelligent has established a comprehensive functional safety system, becoming one of the few companies in the industry with full-stack safety compliance capabilities, setting a benchmark for the safe application of ADAS technology [3] Company Developments - The Shanhai® AI toolchain supports Tensorflow, Pytorch, and other mainstream training frameworks, enabling efficient model development and deployment for L2 and above ADAS [3] - The company has previously received multiple authoritative certifications, including ISO 26262 functional safety process certification and ASPICE CL2 certification, reinforcing its commitment to safety in automotive technology [3] - Hezhima Intelligent aims to continue innovating in core technologies and optimizing the Shanhai® AI toolchain to meet industry standards and market demands, ensuring the safety of intelligent mobility solutions [4]

Group 1 - Black Sesame Intelligent officially announced a strategic acquisition of Yizhi Electronics, aiming to integrate Yizhi's low-power, cost-effective AI SoC chip technology and products to enhance its overall layout in automotive-grade computing and edge intelligence solutions [1] - The acquisition involves equity transfer and capital increase, resulting in Black Sesame indirectly holding 60% of Yizhi Electronics. Yizhi's core team has committed to achieving a cumulative revenue of no less than 1.2 billion yuan and a net profit of no less than 90 million yuan over three years starting from 2026, with corresponding incentive and constraint mechanisms in place [1] - The collaboration will focus on three main areas: expanding the automotive product matrix and customer base, implementing robotics and AI+ innovative business, and coordinating R&D and supply chain mass production [1] Group 2 - The acquisition is a significant step towards Black Sesame's strategic goal of achieving a "full range of AI chips + full scene solutions," enhancing its comprehensive competitiveness in the AI chip sector and accelerating sustainable growth [2] - Black Sesame has been active recently, announcing a strategic partnership with Lenovo Research Institute's Robotics Laboratory to integrate technological advantages and enhance innovation capabilities in robotics and software application algorithms [2] - The SesameX multidimensional embodied intelligent computing platform is a comprehensive system developed by Black Sesame, designed for commercial deployment in robotics, integrating hardware, software, toolchains, and model ecosystems [3]

Core Viewpoint - Black Sesame Technology Co., Ltd. has officially announced a strategic acquisition of Yizhi Electronics Technology Co., Ltd., aiming to enhance its capabilities in low-power, cost-effective AI SoC chips and strengthen its overall layout in automotive-grade computing and edge intelligence solutions [1] Group 1: Acquisition Details - The acquisition involves both equity transfer and capital increase, resulting in Black Sesame indirectly holding 60% of Yizhi Electronics post-transaction [1] - The core team of Yizhi Electronics has committed to achieving a cumulative revenue of no less than 1.2 billion yuan and a net profit of no less than 90 million yuan over the next three years starting from 2026 [1] Group 2: Strategic Goals - The acquisition is designed to integrate Yizhi Electronics' technological and product advantages, thereby facilitating strategic synergy and effective business growth for both companies [1]

2026年1月2日，黑芝麻智能科技有限公司宣布，战略控股收购亿智电子科技有限公司。本次收购涵盖股 权转让与增资，交易完成后，黑芝麻智能将间接持有亿智电子60%的股权。亿智电子核心团队承诺，自 2026年起连续三年，累计实现含税营业收入不低于12亿元、净利润不低于9000万元的业绩目标。双方将 围绕车载产品矩阵与客户拓展、机器人及AI+创新业务落地、研发与供应链量产协同三大方向展开深度 合作。 ...