3月31日，黑芝麻智能（02533.HK）发布2024年财报。报告期内，公司收入由2023年的3.12亿增长至 2024年的4.74亿元人民币，增长幅度为51.8%，权益持有人应占年内利润为3.13亿元，毛利率也从2023 年的24.7%提升至41.1%。 受益于全球汽车智能化浪潮的加速推进，2024年，黑芝麻智能自动驾驶芯片和解决方案不断实现突破性 量产，NOA功能快速升级迭代，公司依托现有量产车型，主攻新能源头部车企，延伸燃油车头部车 企，提升智驾方案渗透率。同时将产品量产向商用车/专用车/车路云一体化/人形机器人等领域验证和拓 展，业务形态和场景更具多元化，不断实现规模效益和商业化突破。 高速NOA量产加速，城市NOA量产落地 当前，人形机器人赛道产业呈现强劲发展势头。作为未来产业的前沿领域，人形机器人已成为全球科技 和产业竞争的新赛道。据高盛预测，到2035年全球市场规模有望突破千亿美元。人形机器人蕴藏着广阔 的发展前景，吸引着全球资本、顶尖人才和领军企业的投入布局。黑芝麻智能积极拥抱变化，扩展芯片 向机器人领域扩展。 据了解，武当C1200系列芯片通过硬件隔离技术，支持AI运算与执行器控制并行，高效 ...

目前，黑芝麻智能旗下核心产品有两大系列，分别是专注于自动驾驶的华山系列，以及专注于跨域计算的武当系列。杨宇欣表示，黑芝麻智能要基于在 汽车行业的积累，拓展更多领域，例如机器人。他谈到，武当系列和华山系列芯片可以充当机器人"大小脑"，未来机器人的发展需要保证有实时性、可靠 性、运动控制的计算单元，即武当系列可以做"小脑"，同时又需要能够实现全场景通用场景识别的"大脑"，这就需要华山A2000系列。 "今年赶上一个大年，大家讲'智驾平权'，这对过去这些年耕耘的厂商来说是爆发的机会。从我们自己来看，包括客户需求、订单以及下一步技 术的拓展，都有很多进展。一方面，对这个行业来说，2025年是很重要的分水岭；另一方面，智驾在快速发展，我认为未来会变成像空调、座椅一 样的标配。"3月29日，在2025中国电动汽车百人会论坛期间，黑芝麻智能CMO杨宇欣在接受《中国汽车报》等媒体采访时如是说。 当前，智驾竞争非常激烈，不少车企也在自研芯片或算法。对于未来车企与供应商的分工，杨宇欣认为："随着整个产业的成熟，分工边界会越来越清 晰。黑芝麻智能将自身定义为芯片供应商，当然，现在的AI芯片供应商不是只卖芯片，也不是只会卖芯片，我们 ...

综上，黑芝麻智能整体毛利率由2023年度的24.7%增加至2024年度的41.1%。 研发开支由2023年度的13.63亿元增加5.3%至2024年度的14.35亿元，主要是由于同时推进C1200的商业化适配及持续进行更高性能的A2000芯片的研发工作。 2、本集团产品线的扩大及发展导致商用车领域市场渗透率提高； 3、本集团于车路云一体化等领域的收入随着相关政府政策的发布而增加。 3月31日，黑芝麻智能发布2024年度业绩报告称，该年度营业收入为4.74亿元，比上年同期上升51.8%；其中自动驾驶产品及解决方案收入4.38亿元，同比增 长58.5%，主要系： 1、持续向国内头部汽车OEM（包括比亚迪、东风、吉利等）及一级供应商销售芯片及解决方案以及量产车型使用数量稳步增加； 年内利润为3.13亿元，同比扭亏为盈；经调整亏损13.04亿元，上年同期亏损为12.54亿元。 2024年毛利为1.95亿元，同比增长152.4%，自动驾驶产品及解决方案毛利率由上年同期的21.4%提升至2024年的37.4%，主要原因为：销售的集成在需要硬件 组件较少的基于系统芯片（「SoC」）的解决方案中的定制化自动驾驶算法增加。智能 ...

3月31日，黑芝麻智能（02533.HK）披露2024年业绩公告显示，公司2024年营收达4.74亿元，较2023年 的3.12亿元实现51.8%的增长，创历史新高；实现净利润3.13亿元。这也是黑芝麻智能2024年港股上市 以来的首份年报。 黑芝麻智能是领先的车规级智能汽车计算芯片及基于芯片的解决方案供应商。此份年报，意味着公司产 品商业化进程加速推进，智驾方案渗透率提升，在智驾淘汰赛中稳居头部梯队。业绩公告显示，2024年 公司毛利率从2023年的24.7%提升至41.1%，规模化量产与技术降本成效显著。 此外，黑芝麻智能在公告中透露，公司将产品量产向商用车、专用车、车路云一体化、人形机器人等领 域验证和拓展，业务形态和场景更具多元化，不断实现规模效益和商业化突破。其中，在人形机器人领 域，2025年，公司将陆续与多家机器人主体企业合作，预计公司芯片产品和方案将于今年实现机器人领 域的批量出货。 商业化加速 武当A2000系列年内完成实车功能部署 2024年营业收入、毛利率等指标的增长，得益于黑芝麻智能自动驾驶芯片和解决方案不断实现突破性量 产，NOA功能快速升级迭代，公司依托现有量产车型，主攻新能源头部 ...

杨宇欣举例道，黑芝麻智能在2023年发布武当系列芯片，把座舱、智驾、车身、网关芯片融合在一颗芯 片里，既能实现客户最大程度上标配智能化功能的目的，又可以帮助客户实现系统性降本。 "'智驾平权'需要通过性价比和成熟度来实现，平权意味着从早期技术探索期进入到大规模发展期，这 一时期非常重要的是芯片或者成熟的平台。"在中国电动汽车百人会论坛（2025）期间，黑芝麻智能 CMO杨宇欣在接受中国经济网记者采访时表示，作为供应商，黑芝麻智能在"智驾平权"时代还是要做 好赋能角色，提供成熟可靠且性价比高的产品。 进入2025年以来，多家汽车制造商发布"全民智驾"战略，进入"智驾平权"元年。"这对多年耕耘的智驾 厂商而言是爆发的机会，黑芝麻智能从客户需求、订单，以及接下来的技术拓展都有很多收获。"杨宇 欣欣喜地表示。 "2025年是汽车智驾行业的一道分水岭，未来智驾会像空调、座椅一样成为标配。"杨宇欣表示，在"智 驾平权"时代，OEM（原始设备制造商）要实现性能与成本的平衡，一方面是基于现有的成熟产品，通 过规模化效应降低上游供应链成本，为客户提供更具性价比的产品；另一方面，不断在芯片、架构等方 面创新，助力客户降低成本，同 ...

Group 1 - The core viewpoint of the article highlights the significant growth of Hezhima Intelligent, with a revenue increase of 51.8% in 2024, reaching 474 million yuan, marking a historical high [1] - The gross profit margin improved from 24.69% in 2023 to 41.1% in 2024, indicating successful implementation of large-scale production and cost-reduction strategies [1] - The growth is attributed to the acceleration of global automotive intelligence, particularly in the vehicle-mounted SoC chip market, which is expected to exceed 100 billion yuan in China by 2028 [3] Group 2 - Hezhima Intelligent has established deep partnerships with leading automotive companies, enabling continuous increase in production scale across both new energy and fuel vehicles [3] - The A1000 series chips have been mass-produced and delivered to major automotive manufacturers such as Geely, Dongfeng, and BYD [3] - The Wudang C1200 series chips have completed functional validation for urban NOA and have secured mass production agreements with two mainstream OEMs [3] Group 3 - The company is advancing in both domestic and international markets, forming multi-dimensional collaborations with various overseas automotive companies and Tier 1 suppliers [5] - Hezhima Intelligent's strategy encompasses a "chip + algorithm + ecosystem" approach, expanding from passenger vehicles to commercial vehicles and emerging fields like humanoid robots [5] - The company has seen a rapid increase in clients within the commercial vehicle sector, with successful implementations of its Patronus 2.0 system in sanitation vehicles and heavy trucks [5] Group 4 - The global robotics industry is still in its early stages, but advancements in technology and cost reductions are expected to broaden application scenarios, benefiting chip manufacturers like Hezhima Intelligent [8] - Looking ahead to 2025, Hezhima Intelligent plans to accelerate the acquisition of new customers and models, particularly in the new energy sector, to boost chip shipments and revenue [8]

Group 1 - The stock price of Black Sesame (000716) closed at 6.54 yuan on March 28, 2025, down 2.53% with a turnover rate of 2.71% and a trading volume of 189,600 shares, amounting to a transaction value of 125 million yuan [1] - On the same day, the net outflow of main funds was 14.01 million yuan, accounting for 11.2% of the total transaction value, while retail investors saw a net inflow of 24.62 million yuan, representing 19.68% of the total transaction value [1][4] Group 2 - The 11th Board of Directors of Southern Black Sesame Group Co., Ltd. held its fourth temporary meeting on March 27, 2025, where it approved the proposal regarding the execution of daily related transactions for 2024 and the estimated daily related transactions for 2025 [2] - The total amount of daily related transactions with related parties for 2024 was 2.601 million yuan (unaudited), which did not exceed the limit approved by the shareholders' meeting, and the board agreed that the estimated amount for 2025 would not exceed 8 million yuan [2]

在中国电动汽车百人会论坛（2025）期间，黑芝麻智能首席市场营销官杨宇欣接受新京报贝壳财经等媒体采访时表示，2025年将成为"智驾平权"的重要分水 岭，未来智驾会像空调、座椅一样成为汽车的"标配"。 新京报贝壳财经："智驾平权"的成本控制很重要，你怎么看？ 杨宇欣：一方面，我们基于现有成熟产品，通过规模化效应降低上游供应链的成本，从而为客户提供更具性价比产品。另一方面，不断进行技术和芯片架构 的创新，通过创新实现成本控制。 例如，现在可以实现把座舱驾驶、车身、网关相关功能融合在一颗芯片里，既能实现客户最大程度上标配智能化功能的目的，也可以帮助实现系统性降本， 客户关心的并不是单个芯片的成本，而是整个系统的成本。 2027年-2029年高阶智驾将迎来"真正一仗" 黑芝麻智能首席市场营销官杨宇欣。主办方供图 "智驾平权"意味着产业生态的成熟跃迁 新京报贝壳财经："智驾平权"意味着什么 ？ 杨宇欣："智驾平权"不是简单的技术普及，而是整个产业生态的成熟化跃迁。它要求从算法、芯片到传感器、执行机构的完整产业链，都达到车规级可靠 性、量产级稳定性以及消费级性价比的三重标准。这意味着行业已跨越早期技术探索的"死亡谷"，进 ...

Summary of Key Points Core Viewpoint - As of March 28, 2025, the stock price of Hezhima (000716) closed at 6.54 yuan, reflecting a decrease of 3.68% from the previous week's closing price of 6.79 yuan [1] Company Performance - The highest intraday price for Hezhima during the week was 6.82 yuan on March 24, while the lowest was 6.50 yuan on the same day [1] - The current total market capitalization of Hezhima is 4.928 billion yuan, ranking 15th out of 23 in the leisure food sector and 2913th out of 5139 in the A-share market [1] Company Announcements - The company announced that the expected amount for daily related party transactions for the year 2025 will not exceed 8 million yuan [1] - A board meeting was held on March 27, 2025, chaired by Chairman Li Yujun, with all 9 directors present [1] - The board approved the proposal regarding the execution of daily related party transactions for 2024, which amounted to 2.601 million yuan (unaudited), remaining within the limits approved by the shareholders' meeting [1] - The board also agreed that the expected cumulative amount for daily related party transactions in 2025 will not exceed 8 million yuan, with a voting result of 7 in favor, 0 against, and 0 abstentions [1] - Two related directors, Li Yujun and Wei Mingren, abstained from voting on this proposal, which was pre-reviewed and approved by the company's independent directors [1]

Group 1 - The core focus of the article is on the advancements in AI computing capabilities for intelligent driving, emphasizing the shift from data-driven to knowledge-driven algorithms [2] - The founder and CEO of Black Sesame Technology, Shan Jizhang, highlighted that the year 2023 is seen as the year of large-scale mass production for intelligent driving, driven by end-to-end algorithms and high-performance AI chips [2] - A significant challenge identified is the bandwidth limitation following breakthroughs in computing power, with future advancements expected to focus on improving bandwidth [2] Group 2 - Black Sesame Technology has strategically developed foundational chips, including the A1000 chip launched in 2020 and the C1296 chip introduced in 2023, which is crucial for central computing in electronic and electrical architecture [3] - The company has upgraded its intelligent driving capabilities with the C1236 chip, based on 7nm technology, enabling comprehensive urban Navigation on Autopilot (NOA) functions [3] - The latest A2000 chip, which has been delivered to clients, represents a significant breakthrough in AI computing efficiency and supports data closed-loop and multi-chip high-speed interconnection [4]