Group 1 - The core announcement is about Black Sesame Intelligence International Holdings Limited's intention to acquire a controlling stake in Zhuhai Yizhi Electronics Technology Co., Ltd. for an estimated total consideration of approximately RMB 400 million to RMB 550 million [1] - Upon completion of the transaction, Yizhi Electronics will become a non-wholly-owned subsidiary of Black Sesame Intelligence, and its financial performance will be consolidated into the group's financial statements [1] - The acquisition is still in negotiation, with final terms including specific equity ratios and payment arrangements to be determined in a formal agreement [1] Group 2 - Black Sesame Intelligence focuses on automotive-grade intelligent vehicle computing chips, with its "Huashan" and "Wudang" series chips already in mass production for L2 to L3 advanced driver assistance systems (ADAS) and smart cockpit applications [4] - Yizhi Electronics specializes in edge and endpoint AI chips, providing system-level solutions around AI machine vision algorithms and SoC chip design, with products covering smart automotive, smart hardware, and smart security applications [4] - The technological directions of Black Sesame Intelligence in automotive computing and Yizhi Electronics in edge visual AI and edge applications are complementary, potentially allowing Black Sesame to extend its reach into security and consumer-grade smart hardware markets [5]

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]

Core Viewpoint - The company 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: Acquisition Details - The acquisition is expected to be completed in the first quarter of 2026 [1] - Following the acquisition, the target company will be considered a non-wholly owned subsidiary, and its financial performance will be consolidated into the group [1] - The company and other related parties are actively advancing the necessary work for the potential acquisition [1]

Core Insights - Black Sesame's stock price has decreased by 7.47% year-to-date, but has seen a recent increase of 4.29% over the last five trading days [2] - The company reported a significant decline in revenue and net profit for the first nine months of 2025, with revenue of 1.469 billion yuan, down 7.52% year-on-year, and a net profit of 6.8193 million yuan, down 83.67% [3] Financial Performance - As of November 20, the number of shareholders for Black Sesame is 92,000, a decrease of 3.16% from the previous period, while the average circulating shares per person increased by 3.23% to 8,030 shares [3] - The company has distributed a total of 211 million yuan in dividends since its A-share listing, with 75.349 million yuan distributed over the last three years [4] Market Activity - On December 2, Black Sesame's stock rose by 2.10%, reaching 6.32 yuan per share, with a trading volume of 85.167 million yuan and a turnover rate of 1.85%, resulting in a total market capitalization of 4.758 billion yuan [1] - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent appearance on January 7, where it recorded a net purchase of 5.8916 million yuan [2] Business Overview - Black Sesame Group, established on May 31, 1993, and listed on April 18, 1997, is based in Nanning, Guangxi, and specializes in the research, production, and sales of black sesame products, including black sesame paste and oil [2] - The company's main revenue sources include third-party brand e-commerce (31.97%), drink series (31.01%), selenium-rich foods (23.70%), and other product lines [2]

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：2025-067 南方黑芝麻集团股份有限公司2025年第五次临时股东大会决议公告 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、本次股东大会未出现否决提案的情形。 2、本次股东大会未涉及变更以往股东大会已通过的决议。 南方黑芝麻集团股份有限公司（以下简称"公司"）于2025年11月28日采用现场与网络投票相结合的方式 召开了2025年第五次临时股东大会（以下简称"本次股东大会"），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年第九次临时会议审议并通过了《关于召开公司2025年第五次临时股东大会的 议案》，董事会决定于2025年11月28日以现场与网络投票相结合的方式召开本次股东大会，公司于2025 年11月13日公告了《关于召开2025年第五次临时股东大会的通知》（公告编号：2025-065）。 2、会议召集人：公司董事会 3、会议召开方式：现场投票与网络投票相结合的方式 5、网 ...

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 年第五次临时股东大会的 法律意见书 大成证字[2025]第 144 号 www.dacheng.com 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 年第五次临时股东大会的 法律意见书 漏，并承担相应法律责任。 法律意见书 大成证字[2025]第 144 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 ...

证券代码：000716 证券简称：黑芝麻 公告编号：2025-067 南方黑芝麻集团股份有限公司 2025 年第五次临时股东大会决议公告 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、本次股东大会未出现否决提案的情形。 2、本次股东大会未涉及变更以往股东大会已通过的决议。 南方黑芝麻集团股份有限公司（以下简称"公司"）于 2025 年 11 月 28 日采 用现场与网络投票相结合的方式召开了 2025 年第五次临时股东大会（以下简称"本 次股东大会"），审议并通过了相关提案，现将有关情况公告如下： 3、会议召开方式：现场投票与网络投票相结合的方式 4、现场会议召开情况： （1）召开时间：2025年11月28日（星期五）下午2:30开始 （2）召开地点：广西南宁市凤翔路 20 号黑芝麻大厦 20 楼公司会议室 （3）会议主持人：董事长李玉珺先生 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 11 月 28 日 9:15-9:25、9:30-11:30，13:00-15:00；通过深圳证券交易所互联网投票 系统投票的时 ...

Core Viewpoint - The strategic partnership between Junsheng Electronics and Hezhima Intelligent focuses on the development of robotic control systems and smart computing platforms, aiming to enhance innovation in intelligent manufacturing and computing integration [1] Group 1: Company Collaboration - Junsheng Electronics and Hezhima Intelligent have entered into a strategic cooperation agreement on November 20, emphasizing joint research and development in robotic domain controllers and collaborative optimization of smart computing platforms [1] - The partnership aims to create industry-specific solutions and promote the practical application of innovative robotic control systems [1] Group 2: Strategic Goals - Both companies will leverage their respective strengths in key areas such as robotic controllers, smart computing platforms, and typical industry applications to deepen technological collaboration and industrial cooperation [1] - The collaboration is guided by principles of resource sharing, collaborative innovation, and mutual benefits, focusing on the development, validation, and implementation of next-generation embodied intelligent robotic control systems [1]

Summary of Black Sesame Management Meeting Company and Industry - **Company**: Black Sesame (2533.HK) - **Industry**: Semiconductor and Smart Driving Technology Key Points Smart Driving Growth - Management is optimistic about the smart driving trend in China, particularly for 2026, driven by the adoption of highway NOA (Navigation on Autopilot) and city NOA, which will enhance product mix and average selling price (ASP) [1][2][3] Chipset Development - The latest chipset, A2000, is set for mass production by the end of 2026, featuring 567 TOPS computing power, which is competitive against NVIDIA's Thor U at 700 TOPS and Horizon Robotics' G6P at 560 TOPS [2] - A2000 utilizes ASIC architecture for better computing power utilization compared to GPGPU, providing flexibility for car OEMs to develop their own algorithms or use third-party software [2] Revenue Outlook for 2026 - Management anticipates revenue growth in 2026 despite competitive market conditions, supported by: - An increase in highway NOA penetration from 15-20% in 2024 to 35% by the end of 2025, with further growth expected in 2026 - City NOA penetration expected to rise from 5% in 2024 to 15% currently, with additional upside in 2026 - Supportive government policies encouraging the adoption of local chipsets by car OEMs [3] Robotics as a Long-Term Growth Driver - Black Sesame is expanding into robotics, targeting various market segments: - Below 50 TOPS for mobility in robots - 50-100 TOPS for precision control in industrial robots - Up to 500 TOPS for humanoid robots' central computing [4][7] - The company has received orders for industrial robots, indicating strong demand in this sector [7] Competitive Positioning - The in-house NPU IP and toolchain are highlighted as key factors securing Black Sesame's market position in smart driving technology [2] Government Support - The management emphasizes the role of government policies in fostering the growth of local chipset adoption among car OEMs, which is expected to further drive demand for Black Sesame's products [3] Additional Insights - The management's positive outlook aligns with broader trends in the smart driving and robotics sectors, suggesting potential investment opportunities in these areas [1][3][4]

Core Insights - Black Sesame Intelligence has launched the SesameX multi-dimensional intelligent computing platform, the first dedicated deployment platform for the robotics industry [1] - The SesameX platform has already partnered with companies like Xingcheng Intelligent, Shentingji, Yundongchu, and Lingyu Intelligent for commercial deployment in various robotic products [1] - The founder and CEO of Black Sesame Intelligence, Dan Jizhang, emphasized that the company's experience in smart automotive chips will support new applications in robotics, driving the evolution of embodied intelligence [1] Group 1 - The SesameX platform features a multi-layer architecture, including a computing platform with three self-developed modules: Kalos, Aura, and Liora [5] - Kalos is designed for wheeled robots like delivery and inspection robots, focusing on basic vision and motion control [5] - Aura is suitable for robotic arms and multi-legged robots, offering enhanced computing power and multi-modal perception capabilities [5] Group 2 - Liora is intended for humanoid robot designs, supporting end-to-end decision-making and multi-task processing, with the highest computing power among the three modules [5] - The architecture provides a full-stack solution for various robotic scenarios, from basic control to advanced cognition [5] - Black Sesame Intelligence has formed a strategic partnership with Joyson Electronics to focus on the robotics field, planning to launch embodied robot head assemblies and domain controllers based on the SesameX platform [6] Group 3 - Additionally, Black Sesame Intelligence has partnered with Hubei Huazhong Electric Power Technology Development Co., Ltd. to explore the application of embodied robots in the electric power industry [7]