Core Insights - The article discusses the evolving landscape of the automotive auxiliary driving chip industry, emphasizing the importance of long-term partnerships and platform capabilities over short-term gains [1][2][5]. Industry Overview - The auxiliary driving chip market has gained significant attention, with a shift from merely counting "hit models" to understanding the deeper needs of automotive manufacturers [1][2]. - Automotive manufacturers are increasingly prioritizing "controllable, reliable, and evolvable" chip platforms that offer better computing power, energy efficiency, system adaptability, and long-term service capabilities [2][5]. Company Developments - Black Sesame Intelligence (02533.HK) launched a new generation chip platform and announced mass production of the first domestic single-chip central computing platform based on the Wudang C1296 chip, set to be used in multiple new models from Dongfeng Motor by 2025 [3][4]. - The collaboration with Intel to create the "Intel & Black Sesame Intelligent Cabin-Driving Integration Platform" aims to integrate standard vehicle functions into a long-lifecycle platform, addressing cost control for economic models while supporting high-end models [4]. Financial Performance - Black Sesame Intelligence reported a revenue of 474 million yuan for 2024, a 51.8% increase from 312 million yuan in 2023, with a net profit of 313 million yuan, marking a turnaround from previous losses [7]. - The growth in revenue is attributed to the successful sales of auxiliary driving products and solutions, with significant contributions from partnerships with major automotive OEMs like BYD, Dongfeng, and Geely [7]. Market Trends - The auxiliary driving industry is transitioning from early adoption to widespread use, with L2-level auxiliary driving systems expected to see a 25.33% increase in deliveries in 2024, reaching 8.67 million units [8][9]. - The high-level automated navigation driving (NOA) segment is projected to grow significantly, with a 162.31% increase in deliveries, indicating a strong market demand for advanced driving assistance technologies [8][9]. Strategic Focus - The article highlights the importance of deep collaboration between chip manufacturers and automotive companies, emphasizing that the ability to co-evolve and adapt is crucial for long-term success in the industry [9][10]. - Black Sesame's commitment to high R&D investment, amounting to 340 million yuan in 2024, reflects its strategy to enhance product competitiveness and secure a favorable position in the smart automotive chip market [9].

Core Insights - The chip industry is witnessing two major trends: increased computing power and integration, as demonstrated by new products from Aisin YuanZhi and HezhiMa Intelligent [1] Group 1: Aisin YuanZhi's M57 Series - Aisin YuanZhi launched the M57 series of automotive chips, which boasts a computing power of 10 TOPS and supports mixed precision and BEV algorithms [1] - The M57 chip has a power consumption of no more than 3.5W even at a junction temperature of 125 degrees Celsius, making it suitable for both traditional and energy-efficient electric vehicles [1] - The self-developed image processing technology, Aisin ZhiMou AI-ISP, generates high-definition images under extreme lighting conditions, enhancing decision-making for in-vehicle systems [1] - The integrated MCU with a safety island achieves ASIL-B and ASIL-D level functional safety, ensuring that the advanced driver-assistance systems (ADAS) do not cause accidents due to individual function failures [1] Group 2: HezhiMa's Huashan A2000 Family - HezhiMa's Huashan A2000 family of chips, built on a 7nm automotive-grade process, claims to have computing power up to four times that of current mainstream flagship chips [2] - The Huashan A2000 family includes three products: A2000 Lite for urban assisted driving, A2000 for general assisted driving, and A2000 Pro for high-level general assisted driving [2] - The Huashan A2000 chips feature a self-developed "JiuSha" NPU architecture that supports Transformer hardware acceleration and mixed precision operations (FP8/FP16), enhancing multi-task parallel processing efficiency [3] - The architecture includes a priority preemption mechanism to ensure sufficient computing resources for high-priority tasks, improving safety in complex driving scenarios [3] Group 3: Wudang Series and Safety Technologies - HezhiMa also introduced the Wudang series of chips, which is the industry's first cross-domain integrated computing chip, enhancing vehicle safety by ensuring independent operation of key systems [3] - The Wudang C1296 chip, also showcased, integrates smart cockpit, ADAS, and vehicle body control domains, allowing real-time data communication among them [4] - This solution is already being implemented in multiple new models from Dongfeng and is expected to achieve mass production by 2025 [4]

Core Insights - The "2025 Automotive Semiconductor Ecosystem Conference and China Automotive Chip Technology Roadshow" was held on April 25-26, 2025, in Shanghai, aiming to create a top platform for global automotive semiconductor industry elites to exchange and showcase achievements [1] - Yang Yuxin, CMO of Hezhima Intelligent, emphasized the critical role of AI in industry development, stating that AI has become a key engine for progress, breaking traditional performance improvement models [4] - Hezhima Intelligent focuses on technological innovation, with a product matrix covering all scenarios in the assisted driving field, including the Huashan series for assisted driving and the Wudang series for cross-domain computing chips [5] Industry Trends - The assisted driving market is experiencing explosive growth, entering an era of "equal rights," with Hezhima Intelligent positioning itself early in this market [4] - The Huashan A1000 chip is the first domestically produced automotive-grade single chip supporting leading assisted driving, significantly pushing L2+ assisted driving into vehicles priced at 100,000 yuan [5] - The upcoming Huashan A2000 family, set to launch in 2025, features a new NPU architecture that enhances computing power and energy efficiency, supporting advanced algorithms for L3-level assisted driving [5][6] Product Development - The next-generation Huashan A2000 family chip is designed to meet market demands for high computing power, compatibility, and comprehensive solutions, integrating 12 functional units on a single chip [6] - The A2000 chip's "general perception" capability allows vehicles to understand complex scenarios like tunnels and extreme weather, enabling predictive decision-making [7] - Hezhima Intelligent also introduced a safety intelligent base built on the Wudang series chips, integrating standard vehicle functions into a long-lifecycle platform, addressing cost control and rapid platform iteration challenges for automakers [7]

Core Insights - Intel is making significant strides in the smart automotive sector, emphasizing the importance of the Chinese market and aiming to become a key player in the industry [1][17] - The company has launched a new strategy by partnering with Black Sesame Intelligence to create a cockpit and driving integration platform, which combines Intel's SoC with Black Sesame's chip families [2][3] - Intel's second-generation cockpit SoC, set for mass production in 2026, features a chiplet architecture that allows for cost-effective and customizable solutions for automotive manufacturers [5][15] Market Position and Strategy - Intel's entry into the automotive market comes amid strong competition from Qualcomm and NVIDIA, which dominate the smart cockpit and driving chip markets [1] - The partnership with Black Sesame aims to address the growing demand for advanced driver-assistance systems (ADAS) and cockpit solutions, with plans to release a reference design in Q2 of this year [3][4] - The company is open to collaborating with any ADAS manufacturer, not just Black Sesame, to enhance its market presence [2][8] Product Development - The latest cockpit SoC showcases a performance increase of up to 10 times for generative and multimodal AI capabilities and up to 3 times for graphics performance compared to the previous generation [4] - The chiplet architecture allows for different manufacturing processes to be used in various parts of the chip, optimizing costs and performance [4][15] - Intel is also focusing on domain controllers, aiming to reduce the number of electronic control units (ECUs) in vehicles through software-defined architecture, which could streamline operations and reduce costs [6][10] Future Outlook - The automotive business is viewed as a growth opportunity for Intel, leveraging its existing investments in AI and PC technologies to enhance automotive applications [16][17] - The company aims to transform the automotive industry by applying its data center experience to create a software-defined vehicle architecture, which could significantly change how automotive systems are integrated and managed [12][13]

南方黑芝麻集团股份有限公司（以下简称"公司"）聘请的年度审计机构永 拓会计师事务所（特殊普通合伙）（以下简称"永拓事务所"）对公司 2024 年 度内部控制情况进行审计，并出具了带强调事项段的无保留意见内部控制审计报 告。根据《深圳证券交易所股票上市规则》等相关规定，监事会对《董事会关于 对带强调事项段的无保留意见内部控制审计报告涉及事项的专项说明》出具如下 意见： 一、永拓事务所出具的带强调事项段无保留意见的内部控制审计报告以及董 事会对相关事项的专项说明真实、准确，符合公司的实际情况。监事会对永拓事 务所出具的带强调事项段无保留意见的内部控制审计报告无异议，同意《董事会 关于对带强调事项段的无保留意见内部控制审计报告涉及事项的专项说明》。 二、作为公司监事，我们将积极督促董事会落实各项整改措施，推动公司强 化内部控制建设，加强内部审计部门对公司内部控制制度执行情况的监督力度， 不断提高规范运作水平，切实维护公司及广大投资者的利益。 南方黑芝麻集团股份有限公司监事会关于对 《董事会关于对带强调事项段的无保留意见内部控制审计 报告涉及事项的专项说明》的意见 南方黑芝麻集团股份有限公司 监 事 会 2025 年 ...

南方黑芝麻集团股份有限公司 监 事 会 2025 年 4 月 24 日 南方黑芝麻集团股份有限公司监事会关于对 《董事会关于对带强调事项段的无保留意见审计报告涉及 事项的专项说明》的意见 永拓会计师事务所（特殊普通合伙）（以下简称"永拓事务所"）对南方黑芝 麻集团股份有限公司（以下简称"公司"）2024 年 12 月 31 日财务报告进行审计， 并出具了带强调事项段的无保留意见审计报告。根据《深圳证券交易所股票上市 规则》等相关规定，监事会对《董事会关于对带强调事项段的无保留意见审计报 告涉及事项的专项说明》出具如下意见： 一、永拓事务所出具的带强调事项段无保留意见审计报告以及董事会对相关 事项的专项说明真实、准确，符合公司的实际情况。监事会对永拓事务所出具的 带强调事项段无保留意见的审计报告无异议，同意《董事会关于对带强调事项段 的无保留意见审计报告涉及事项的专项说明》。 二、作为公司监事，我们将积极督促董事会落实各项整改措施，推动公司强 化内部控制建设，加强内部审计部门对公司内部控制制度执行情况的监督力度， 不断提高规范运作水平，切实维护公司及广大投资者的利益。 ...

南方黑芝麻集团股份有限公司（以下简称"公司"）于 2025 年 4 月 24 日在广 西南宁市凤翔路20号黑芝麻大厦20楼公司会议室召开第十一届监事会第三次会议 （以下简称"本次会议"），会议通知于 2025 年 4 月 14 日以书面直接送达、传真或 电子邮件的方式送达全体监事。会议由监事会主席李维昌先生主持，应出席会议的 监事三名，实际参加表决的监事三名。 本次会议的召集、召开、参会人数符合《中华人民共和国公司法》和《公司章 程》的有关规定，经与会监事表决，形成了会议决议，现公告如下： 一、审议并通过《公司 2024 年度监事会工作报告》 表决结果：同意 3 票，反对 0 票，弃权 0 票，本议案获得通过。 证券代码：000716 证券简称：黑芝麻 公告编号：2025-020 南方黑芝麻集团股份有限公司 第十一届监事会第三次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 本议案尚须提交股东大会审议。 详情请查阅公司同日在巨潮资讯网（www.cninfo.com.cn）上登载的相关内容。 二、审议并通过《公司 2024 年度内部控制自我评价报 ...

证券代码：000716 证券简称：黑芝麻 公告编号：2025-019 南方黑芝麻集团股份有限公司 第十一届董事会第三次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 南方黑芝麻集团股份有限公司（以下简称"公司"）于 2025 年 4 月 24 日以现 场与通讯相结合的方式召开第十一届董事会第三次会议（以下简称"本次会议"）， 本次会议通知已于 2025 年 4 月 14 日以书面送达或电子邮件方式发送至全体董事。 本次董事会现场会议在广西南宁市凤翔路 20 号黑芝麻大厦 20 楼公司会议室召开， 由董事长李玉珺先生主持，应出席会议的董事 9 人，实际出席会议的董事 9 人；公 司监事会成员及高级管理人员列席了本次会议。 本次会议的召集、召开、参会人数、表决程序符合《中华人民共和国公司法》 和《公司章程》有关规定，经与会董事对会议议案审议和表决，形成会议决议，现 公告如下： 一、审议并通过《公司 2024 年度总裁工作报告》 表决结果：同意 9 票，反对 0 票，弃权 0 票，本议案获得通过。 二、审议并通过《公司 2024 年度董事会工作报告》 ...

三、现金分红方案的具体情况 证券代码：000716 证券简称：黑芝麻 公告编号：2025-023 南方黑芝麻集团股份有限公司 关于 2024 年度利润分配预案的公告 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。 一、审议程序 1、南方黑芝麻集团股份有限公司（以下简称"公司"）于 2025 年 4 月 24 日 召开了第十一届董事会第三次会议，以 9 票同意，0 票反对，0 票弃权，审议并 通过了《公司 2024 年度利润分配预案》。 2、本次利润分配预案尚需提交公司 2024 年年度股东大会审议批准。 二、利润分配预案的基本情况 经永拓会计师事务所（特殊普通合伙）审计，公司2024年度实现归属于上 市公司股东的净利润为77,737,620.08元，提取法定盈余公积8,494,875.95元，扣 除2024年当期分配上年度现金股利37,674,477.50元，加上年初未分配利润 168,139,530.01元，截至2024年12月31日，可供公司全体股东分配的利润合计为 199,707,796.64元。公司2024年度母公司实现净利润为84,948,759.4 ...

南方黑芝麻集团股份有限公司 2024 年 12 月 31 日 内部控制审计报告 永拓会计师事务所（特殊普通合伙） 内部控制审计报告 永证专字（2025）第 310124 号 南方黑芝麻集团股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我 们审计了南方黑芝麻集团股份有限公司（以下简称"南方黑芝麻公司"）2024 年 12 月 31 日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业内部 控制评价指引》的规定，建立健全和有效实施内部控制，并评价其有效性是南方 黑芝麻公司董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表 审计意见，并对注意到的非财务报告内部控制的重大缺陷进行披露。 （一）南方黑芝麻公司在 2020 至 2023 年度通过外部单位向控股股东及其关 联方转付资金，形成共 8,344.00 万元控股股东及其关联方非经营性的期间资金 占用。 上述关联方非经营性资金占用情形说明南方黑芝麻公司存在内部控制缺陷。 截至本报告日，南方黑芝麻公司已对相 ...