Group 1 - The company, Hezhima Intelligent, plans to acquire a 32.8435% stake in Zhuhai Yizhi Electronic Technology Co., Ltd. for a total consideration of RMB 457.8 million, with additional unpaid registered capital of RMB 133,088 [1] - The acquisition will result in the company indirectly owning 60% of the target company, which will become a non-wholly-owned subsidiary, and its financial performance will be consolidated into the group's financial statements [1] Group 2 - The target company specializes in the development and sales of cost-effective, low-power AI system-on-chip (SoC) solutions, with most of its intellectual property being self-developed [2] - The acquisition is expected to enable the group to offer a full range of automotive-grade computing chips and comprehensive solutions for smart vehicles, while also expanding into robotics and AI applications [2] - Post-acquisition, significant synergies are anticipated in areas such as product matrix, customer expansion, innovation in robotics and AI, research and development, supply chain, and mass production, enhancing the group's competitive advantage in the AI SoC chip sector [2]

Core Viewpoint - Black Sesame Intelligence (02533.HK) announced plans to acquire a 32.8435% stake in Zhuhai Yizhi Electronic Technology Co., Ltd. for a total consideration of RMB 457.8 million, which represents 19.5623% of the expanded total equity of the target company after the capital increase [1] Group 1 - The acquisition is set to be completed by December 31, 2025 [1] - The buyer is required to pay an additional unpaid registered capital of RMB 133,088 to the target company [1]

Group 1 - The company, Hezhima Intelligent, plans to acquire a 32.8435% stake in Zhuhai Yizhi Electronics Technology Co., Ltd. for a total consideration of RMB 457.8 million, with additional unpaid registered capital of RMB 133,088 [1] - Following the acquisition, the company will indirectly own 60% of the target company, which will become a non-wholly owned subsidiary, and its financial performance will be consolidated into the group's financial statements [1] Group 2 - The target company specializes in the development and sales of cost-effective, low-power AI system-on-chip (SoC) solutions, with most of its intellectual property being self-developed [2] - The acquisition is expected to enable the company to offer a full range of automotive-grade computing chips and comprehensive solutions for smart vehicles, while also expanding into robotics and AI applications [2] - Post-acquisition, significant synergies are anticipated in areas such as product matrix for automotive applications, customer expansion, innovation in robotics and AI, as well as supply chain and mass production, enhancing the company's competitive advantage in the AI SoC chip sector [2]

Group 1 - The company, Hezhima Intelligent, has entered into a share transfer agreement to acquire a 32.8435% stake in Zhuhai Yizhi Electronic Technology, with a total consideration of RMB 458 million [1] - The company will also subscribe to an increase in registered capital amounting to RMB 20.218838 million, which will result in a total ownership of 60% in the target company after the completion of both transactions [1] - The target company specializes in AI machine vision algorithms and SoC design, focusing on providing diverse computing solutions for various applications, including smart vehicles and smart security [2] Group 2 - The group is a leading supplier of automotive-grade intelligent computing SoCs and solutions, primarily engaged in the sales of automotive-grade products and technologies [2] - The acquisition is expected to enable the group to offer a comprehensive range of automotive computing chips and solutions, expanding its product offerings into broader robotics and AI applications [2] - The target company's products are developed with a focus on high cost-performance and low power consumption, utilizing self-developed IPs for various AI applications [2]

Core Insights - Black Sesame Intelligence announced a strategic partnership with Lenovo Research Institute's Robotics Laboratory to enhance innovation and application capabilities in the robotics sector [1] Group 1: Partnership Details - The collaboration will focus on the development of a new generation of intelligent robotic products, including robotic dogs, leveraging Black Sesame's SesameX™ multidimensional embodied intelligence computing platform [1] - The partnership aims to improve autonomous innovation capabilities and practical application in the field of robotics [1] Group 2: Areas of Focus - Key areas of exploration will include embodied intelligent robotics and software application algorithms [1] - The cooperation emphasizes deep collaboration in robotics computing platforms and algorithm technologies [1]

一、会议召开情况 1、会议通知情况 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000716 证券简称：黑芝麻 公告编号：2025-074 南方黑芝麻集团股份有限公司2025年第六次临时股东会决议公告 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。 特别提示 1、本次股东会未出现否决提案的情形。 2、本次股东会未涉及变更以往股东会已通过的决议。 南方黑芝麻集团股份有限公司（以下简称"公司"）于2025年12月30日采用现场与网络投票相结合的方式 召开了2025年第六次临时股东会（以下简称"本次股东会"），审议并通过了相关提案，现将有关情况公 告如下： 公司第十一届董事会2025年第十次临时会议审议并通过了《关于召开公司2025年第六次临时股东会的议 案》，董事会决定于2025年12月30日以现场与网络投票相结合的方式召开本次股东会，公司于2025年12 月13日公告了《关于召开2025年第六次临时股东会的通知》（公告编号：2025-071）。 5、网络投票：通过深圳证券交易所交易系统进行网络投票的时间为：2025年12月30日9:15-9:25 ...

Core Insights - The Chinese automotive industry is entering a new development phase as the "14th Five-Year Plan" concludes, with a focus on technological advancements and market dynamics [2] - Black Sesame Intelligence is positioned uniquely in the domestic automotive-grade AI chip sector, with few competitors capable of high-performance R&D and mass production [2] - The company is expanding its growth boundaries by entering the robotics market, leveraging its existing technology without needing to rebuild foundational capabilities [3] Group 1: Company Positioning - Black Sesame Intelligence has established a product lineup that meets core demands from mid to high-level autonomous driving, with ongoing projects in major automotive companies like Geely, BYD, and Dongfeng [2] - The company’s commercial status of "mass production, replicable, and scalable" is a critical factor for investors assessing the value of AI chip enterprises [2] Group 2: Growth Opportunities - In 2025, Black Sesame Intelligence will launch a multi-dimensional intelligent computing platform, marking its entry into the robotics sector, which is expected to have a shipment volume several times that of the automotive market [3] - The acquisition of Yizhi Electronics enhances Black Sesame's low-power chip capabilities, completing its product matrix from mid-high to full coverage of computing power [3] Group 3: Investment Logic - The value of Black Sesame Intelligence is derived not only from individual products or short-term orders but from its evolving platform capabilities, with automotive-grade chips providing stable cash flow and new markets like robotics offering high growth potential [3] - The company is recognized in the "2025 Automotive Industry Impact Yearbook" as a representative investment value enterprise due to its commercial progress in automotive-grade AI chips and forward-looking strategies in emerging sectors [4]

证券代码：000716 证券简称：黑芝麻 公告编号：2025-074 南方黑芝麻集团股份有限公司 2025 年第六次临时股东会决议公告 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。 特别提示 1、本次股东会未出现否决提案的情形。 2、本次股东会未涉及变更以往股东会已通过的决议。 南方黑芝麻集团股份有限公司（以下简称"公司"）于 2025 年 12 月 30 日采 用现场与网络投票相结合的方式召开了 2025 年第六次临时股东会（以下简称"本 次股东会"），审议并通过了相关提案，现将有关情况公告如下： 一、会议召开情况 1、会议通知情况 公司第十一届董事会 2025 年第十次临时会议审议并通过了《关于召开公司 2025 年第六次临时股东会的议案》，董事会决定于 2025 年 12 月 30 日以现场与网 络投票相结合的方式召开本次股东会，公司于 2025 年 12 月 13 日公告了《关于召 开 2025 年第六次临时股东会的通知》（公告编号：2025-071）。 （1）召开时间：2025年12月30日（星期二）下午2:30开始 （2）召开地点：广西南宁市凤翔 ...

北京大成（南宁）律师事务所 关于南方黑芝麻集团股份有限公司 2025 年第六次临时股东会的 法律意见书 大成证字[2025]第 145 号 www.dacheng.com 1 南宁市五象新区盘歌路 4 号碧园中心 A 座 19、20 层（530201） 19-20/F Block A, Biyuan Plaza, No.4 Pange Road, Wuxiang New District, Nanning, Guangxi, 530201, China Tel： +86 771 5511820 Fax： +86 771 5511887 法律意见书 北京大成（南宁）律师事务所 关于南方黑芝麻集团股份有限公司 2025 年第六次临时股东会的 法律意见书 大成证字[2025]第 145 号 致：南方黑芝麻集团股份有限公司 根据《中华人民共和国证券法》（以下简称《证券法》）、《中华人民共和 国公司法》（以下简称《公司法》）和中国证券监督管理委员会《上市公司股东 会规则》（以下简称《股东会规则》）、《深圳证券交易所上市公司股东会网络 投票实施细则》（以下简称《网络投票细则》）等法律、法规及其他有关规范性 文件的要求，北 ...

Group 1 - The core viewpoint of the article highlights the launch of the SesameX multi-dimensional embodied intelligent computing platform, which aims to transition robots from being "operational" to "evolving" [1] - The global robotics industry is evolving towards complex tasks, necessitating a stable, scalable intelligent computing foundation to address real-world challenges [1] - The SesameX platform includes three self-developed computing modules (Kalos, Aura, Liora) that are highly integrated with hardware components and compatible with mainstream interfaces, providing a production-level hardware foundation [1] Group 2 - The company is collaborating with Junsheng Electronics to expand into the robotics field, focusing on the development and validation of next-generation embodied intelligent robot control systems and industry solutions [2] - A strategic partnership with Zhichizhi Yuan, a subsidiary of Zhongji Xuchuang, aims to innovate applications of optical communication modules in automotive (assisted driving) and embodied intelligent terminals (robots) [2] - The company plans to develop full-scene assisted driving solutions for passenger and commercial vehicles, covering levels L2 to L4 of autonomous driving needs, by combining chip computing power with high-speed optical transmission [2] Group 3 - Revenue projections for the company are estimated at 810 million, 1.4 billion, and 2.01 billion yuan for the years 2025, 2026, and 2027 respectively, with expected net profits of -1.21 billion, -640 million, and -140 million yuan [2]