Core Viewpoint - Black Sesame may be taken over by a state-owned enterprise, which could lead to a change in control and potentially improve the company's internal control, funding, and market expansion capabilities [2][3][4]. Group 1: Company Background and Control Change - Black Sesame, founded in 1984, is a large private enterprise focusing on the black sesame industry, and it was the first company in this sector to be listed on the Shenzhen Stock Exchange in 1997 [3]. - The controlling shareholder, Guangxi Black Five Categories Food Group, currently holds 30.25% of Black Sesame's shares and plans to transfer approximately 20% of its shares to a state-owned enterprise, resulting in a shift from private to state control [3][4]. - Prior to this control change, Black Sesame received a warning letter from the Guangxi Securities Regulatory Bureau due to issues related to non-operating fund occupation and irregular external guarantees [3][4]. Group 2: Financial Performance and Challenges - Black Sesame has experienced a decline in revenue for four consecutive years, with revenues dropping from 40.25 billion in 2021 to an estimated 24.65 billion in 2024 [6]. - The company's net profit has also fluctuated, with a net loss of 1.09 billion in 2021, followed by a slight recovery to a profit of 0.78 billion in 2024 [6]. - Sales of the core product, black sesame paste, have significantly decreased, from 900.67 million units in 2015 to 562.68 million units in 2020, indicating a downward trend in demand [6][7]. Group 3: Strategic Missteps and Future Outlook - Black Sesame has attempted several cross-industry ventures, including acquisitions in logistics and e-commerce, but these efforts have largely failed, leading to a focus on its core business [7][8]. - The company has recently launched a new product line targeting younger consumers, but this has not yet contributed significantly to revenue, accounting for only 1.33% of total revenue in 2024 [7]. - Analysts believe that the entry of a state-owned enterprise could provide Black Sesame with the necessary resources and support to address its financial difficulties and enhance its market position in the health food sector [4][8].

（企业公告） 8月5日，黑芝麻发布公告称，公司于2025年8月1日收市后，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"）正在筹划涉及其所持有公司股份转让的通知，其拟将持有占公司总股本 约20%的股份转让给广西壮族自治区文旅及大健康行业的国有企业，前述股份转让事项可能导致公司控 制权发生变更，本次权益变动事项尚需履行协议转让相关程序，尚需国有资产监督管理等有权部门的审 批。涉及各方正就具体交易方案、协议等相关事项进行论证和磋商，但尚未签署相关协议，具体情况以 各方签订的相关协议为准。 截至本公告披露日，相关各方正在积极推进本次交易的各项工作，交易各方尚未签署正式协议，整体交 易方案仍在积极协商准备中，公司预计无法在2025年8月6日（星期三）上午开市起复牌。根据《深圳证 券交易所股票上市规则》《深圳证券交易所上市公司自律监管指引第6号—停复牌》等相关规定，经向 深圳证券交易所申请，公司股票（股票简称：黑芝麻，股票代码：000716）自2025年8月6日（星期三） 上午开市起继续停牌，预计停牌时间不超过3个交易日。 ...

Core Viewpoint - Black Sesame (000716.SZ) is actively advancing its transaction work, but no formal agreement has been signed yet, and the overall transaction plan is still under negotiation [1] Group 1 - The company expects that it will not resume trading on August 6, 2025, at the market opening [1] - The company has applied to the Shenzhen Stock Exchange for continued suspension of its stock from August 6, 2025, for no more than three trading days [1] - The suspension is in accordance with the Shenzhen Stock Exchange's listing rules and self-regulatory guidelines [1]

Core Viewpoint - The company announced that its controlling shareholder, Guangxi Black Five Food Group Co., Ltd., is planning to transfer approximately 20% of its shares to a state-owned enterprise in the Guangxi Zhuang Autonomous Region, which may lead to a change in control of the company [1] Group 1 - The share transfer is subject to the approval of relevant authorities, including the State-owned Assets Supervision and Administration [1] - Currently, the parties involved are in discussions regarding the specific transaction plan and agreements, but no formal agreements have been signed yet [1] - The company expects to remain suspended from trading starting August 6, 2025, for no more than three trading days due to the ongoing negotiations [1]

黑芝麻公告，公司股票自2025年8月6日（星期三）上午开市起继续停牌，预计停牌时间不超过3个交易 日。本次控制权变更事项目前处于洽谈阶段，结果尚存在不确定性。公司股票自2025年8月4日（星期 一）开市起停牌，预计停牌时间不超过2个交易日。截至本公告披露日，相关各方正在积极推进本次交 易的各项工作，交易各方尚未签署正式协议，整体交易方案仍在积极协商准备中。 ...

证券代码：000716 证券简称：黑芝麻 公告编号：2025-033 南方黑芝麻集团股份有限公司 关于筹划控制权变更事项进展暨继续停牌的公告 二、进展说明 1、南方黑芝麻集团股份有限公司（以下简称"公司"）股票（股票简称：黑 芝麻，股票代码：000716）自 2025 年 8 月 6 日（星期三）上午开市起继续停牌， 预计停牌时间不超过 3 个交易日。 2、本次控制权变更事项目前处于洽谈阶段，结果尚存在不确定性，敬请广大 投资者关注后续公告，注意投资风险。 一、停牌事项 公司于 2025 年 8 月 1 日收市后，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"）正在筹划涉及其所持有公司股份转让的通知，其 拟将持有占公司总股本约 20%的股份转让给广西壮族自治区文旅及大健康行业的 国有企业，前述股份转让事项可能导致公司控制权发生变更，本次权益变动事项尚 需履行协议转让相关程序，尚需国有资产监督管理等有权部门的审批。目前涉及各 方正就具体交易方案、协议等相关事项进行论证和磋商，但尚未签署相关协议，具 体情况以各方签订的相关协议为准。 鉴于该事项尚在筹划中，尚未签署协议，存在不确定性。为保 ...

Core Viewpoint - The company Black Sesame (000716.SZ) is undergoing a temporary suspension of trading due to its controlling shareholder planning a share transfer, which may lead to a change in control to a state-owned enterprise in Guangxi [2][3]. Group 1: Shareholder Changes - The controlling shareholder, Guangxi Black Five Food Group, intends to transfer 20% of its shares to a state-owned enterprise, potentially making it the new controlling shareholder [3]. - If the transfer is completed, the company will shift from being privately controlled to state-owned, with the Li family exiting their controlling position [3][4]. Group 2: Regulatory Issues - Black Sesame has faced multiple regulatory warnings, including a recent notice from the Guangxi Securities Regulatory Bureau regarding non-operational fund occupation and illegal guarantees by its controlling shareholder and related parties [4][5]. - The company has been penalized by securities regulators for various compliance issues, including receiving reprimands for its management practices [3][5]. Group 3: Financial Performance - The company's revenue has declined from 44.76 billion to 24.65 billion from 2019 to 2024, with a significant drop in net profit, experiencing substantial losses in 2021 and 2022 [6][7]. - The core product sales have been decreasing, with the total sales of its beverage products dropping nearly by half compared to peak levels [6][7]. Group 4: Strategic Failures - Black Sesame has attempted aggressive diversification strategies that have largely failed, including investments in logistics and e-commerce that did not yield expected returns [6][7]. - The company has also faced setbacks in its foray into the renewable energy sector, with a significant investment in a battery production project being halted shortly after its announcement [7]. Group 5: Future Outlook - Despite the potential change in ownership to a state-owned entity, the company is expected to continue facing challenges due to the lingering effects of its previous aggressive strategies and ongoing operational issues [7].

Group 1: Market Overview - The Hong Kong stock market has shown strong performance since April, with the Hang Seng Index increasing by over 30% in less than four months, reaching a peak of 25,735 points on July 24, the highest in nearly four years [1] - The strong performance is attributed to three main drivers: valuation recovery, policy benefits, and significant inflow of southbound funds, which have become a major force in driving up Hong Kong stocks [1] - As of July 25, 2025, southbound funds have seen a cumulative net inflow of HKD 820 billion this year, surpassing the total for 2024, with expectations of exceeding HKD 1 trillion for the entire year of 2025 [1] Group 2: Investment Trends - Investors are favoring high-dividend assets while showing strong interest in leading internet companies, pharmaceuticals, and hard tech sectors, particularly those involved in AI [2] - There is a growing trend of investors seeking out high-quality stocks that are currently undervalued, with companies like Black Sesame Intelligence gaining attention [2] Group 3: Company Performance - Black Sesame Intelligence has experienced rapid growth in the autonomous driving chip sector, with revenue increasing from CNY 60.5 million in 2021 to CNY 474 million in 2024, reflecting a compound annual growth rate (CAGR) of nearly 100% [3] - The company's gross profit rose from CNY 21.87 million to CNY 195 million during the same period, with a CAGR of 107% [3] Group 4: Industry Developments - The commercialization of L2+ autonomous driving technology is expected to see significant growth in 2025, with penetration rates projected to rise from 14% in 2024 to 30% [5] - The rapid penetration of L2+ technology is driven by the increasing availability of high-level autonomous driving features in new vehicles, with over 50% of new cars expected to be equipped with L2 technology [4] Group 5: Product Innovations - Black Sesame Intelligence has launched the A1000 series chips, which have been successfully integrated into multiple models from leading domestic automakers, ranking third in the market for high-performance driving chips [8] - The company has also introduced the Wudang C1200 series, the first integrated chip platform for autonomous driving and smart cockpit applications, expected to achieve mass production by 2025 [8][12] Group 6: Future Growth Potential - The company plans to expand its product line through the acquisition of an AI chip company, which focuses on cost-effective, low-power AI system chips, enhancing its competitive edge in the AI SoC market [17][20] - Black Sesame Intelligence's strategic shift from a dedicated chip manufacturer to a comprehensive intelligent computing platform provider is expected to lead to a revaluation of its intrinsic value, potentially resulting in higher valuation premiums [21]

每经AI快讯，Wind数据显示，8月5日，黑芝麻、金橙子、衢州发展等11只个股停牌。 （文章来源：每日经济新闻） ...

Group 1 - A-share market sees over 100 billion yuan in cash dividends as 30 companies announce mid-term dividend plans for 2025 [1] - The trend of multiple dividends per year is expected to become a standard practice among listed companies, with an anticipated increase in the number of companies implementing mid-term dividends in 2025 [1] - Tesla grants CEO Elon Musk 96 million shares of restricted stock, valued at approximately 29 billion dollars based on last week's closing price [3] Group 2 - In July 2025, nearly 2 million new investors entered the A-share market, marking a year-on-year increase of over 70% [3] - Cumulative new investors in the A-share market from January to July 2025 reached approximately 14.56 million, a significant increase of 36.9% compared to the same period in 2024 [3] Group 3 - The Ministry of Finance emphasizes the use of proactive fiscal policies to boost consumption and expand domestic demand [5] - The People's Bank of China advocates for moderately loose monetary policies to support technological innovation and stabilize foreign trade [5] - The China Securities Regulatory Commission aims to consolidate market stability and enhance regulatory effectiveness [5] Group 4 - Guizhou Moutai repurchased 345.17 million shares, spending a total of 5.301 billion yuan [26] - The company plans to reduce its registered capital through the repurchased shares [26] Group 5 - Guoquan Food plans to distribute a mid-term dividend of 190 million yuan, with a total shareholder return exceeding 499 million yuan for 2025, a 130.7% increase year-on-year [15] - Yutong Bus reports a cumulative sales increase of 2.63% in the first seven months of 2025 [15] Group 6 - ChipLink Integrated achieved a 21.38% increase in revenue for the first half of 2025, with AI revenue contributing 6% of total revenue [31] - The company reported a significant reduction in net loss, with a quarterly profit for the first time [31] Group 7 - China Heavy Industry is set to delist from A-shares as it merges with China Shipbuilding, with trading suspended from August 13, 2025 [22]