Group 1 - The company, Hezhima Intelligent (02533), announced a share buyback on January 19, 2026, spending HKD 6.0002 million to repurchase 271,200 shares at a price range of HKD 22.02 to HKD 22.22 per share [1] - On the same day, the company issued 120,000 shares according to the pre-IPO share plan [1]

Group 1 - The leisure food sector increased by 3.01% on January 19, with Li Gao Food leading the gains [1] - The Shanghai Composite Index closed at 4114.0, up 0.29%, while the Shenzhen Component Index closed at 14294.05, up 0.09% [1] - Key stocks in the leisure food sector showed significant price increases, with Li Gao Food rising by 7.34% to a closing price of 46.09 [1] Group 2 - The leisure food sector experienced a net inflow of 18.35 million yuan from institutional investors, while retail investors contributed a net inflow of 18.64 million yuan [2] - Notable stocks included San Zhi Song Shu, which had a net inflow of 36.54 million yuan from institutional investors, despite a net outflow from retail investors [3] - The overall trading volume and turnover in the leisure food sector indicated active market participation, with significant movements in individual stock prices [1][2]

Core Viewpoint - Hezhima Intelligent has officially signed a contract with China Ocean Shipping Group's subsidiary, Qingdao COSCO Shipping Digital Technology Co., Ltd., to jointly launch a marine embodied intelligent inspection robot project, marking a significant step in the company's robotics business within the shipping industry [1] Group 1: Project Overview - The project focuses on the intelligent inspection needs of ocean-going vessels in complex environments [1] - It involves joint research and exploration around embodied intelligent robot systems, edge intelligent control platforms, and perception and decision-making algorithms [1] - The aim is to deeply integrate intelligent computing power and algorithm capabilities with real industry scenarios, promoting the engineering application of embodied intelligence technology in high complexity and high reliability environments [1]

人民财讯1月17日电，1月15日，黑芝麻（000716）智能与中远海运集团旗下全资子公司青岛中远海运数 智科技正式签约，共同启动船用具身智能巡检机器人项目。这标志着黑芝麻智能机器人业务在船舶与航 运领域迈出关键一步，也为其在更多复杂工业场景中的应用落地奠定基础。项目聚焦远洋船舶复杂环境 下的智能巡检需求，围绕具身智能机器人系统、端侧智能控制平台及感知与决策算法展开联合研发与探 索，旨在将智能算力、算法能力与真实行业场景深度融合，推动具身智能技术在高复杂度、高可靠性场 景中的工程化落地。 ...

Core Viewpoint - Black Sesame Intelligence has signed a contract with Qingdao COSCO Shipping Digital Technology, a wholly-owned subsidiary of COSCO Shipping Group, to initiate a project focused on intelligent inspection robots for maritime use [1] Group 1: Project Details - The project targets the intelligent inspection needs of ocean-going vessels in complex environments [1] - It involves joint research and exploration around embodied intelligent robot systems, edge intelligent control platforms, and perception and decision-making algorithms [1]

Market Overview - The leisure food sector experienced a decline of 0.7% on January 16, with Li Gao Food leading the drop [1] - The Shanghai Composite Index closed at 4101.91, down 0.26%, while the Shenzhen Component Index closed at 14281.08, down 0.18% [1] Individual Stock Performance - Ziyan Food closed at 27.67, up 1.73% with a trading volume of 91,900 shares and a transaction value of 252 million yuan [1] - Youyou Food closed at 13.06, up 0.85% with a trading volume of 43,000 shares and a transaction value of 55.84 million yuan [1] - Li Gao Food closed at 42.94, down 3.44% with a trading volume of 30,900 shares and a transaction value of 134 million yuan [2] - Black Sesame closed at 6.37, down 2.30% with a trading volume of 368,300 shares and a transaction value of 23.5 million yuan [2] Capital Flow Analysis - The leisure food sector saw a net outflow of 62.36 million yuan from main funds, while retail investors had a net inflow of 108 million yuan [2] - Main funds showed a net inflow of 36.01 million yuan into Haoxiangni, while Youyou Food experienced a net outflow of 3.85 million yuan from speculative funds [3] - Retail investors had a significant net outflow of 61.14 million yuan from Haoxiangni, indicating a divergence in investor sentiment [3]

| | 是否为控 | | 占其所 | 占公司 | | 是否 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 股股东或 | | | | 是否 | | 质押 | 质押 | | | | 股东 | | 本次质押 | 持股份 | 总股本 | | 为补 | | | | 质押用 | | 名称 | 第一大股 | 数量（股） | 比例 | 比例 | 为限 | 充质 | 起始 | 到期 | 质权人 | 途 | | | 东及其一 | | | | 售股 | | 日 | 日 | | | | | | | （%） | （%） | | 押 | | | | | | | 致行动人 | | | | | | | | | | | 黑五 | | | | | | | | 办理解 | 广西旅发 | | | 类集 | 否 | 37,674,478 | 50.88 | 5.00 | 否 | 否 | 2026- | 除质押 | 大健康产 | 业绩承 | | | | | | | | | 1-13 | 登记为 | 业集团有 | 诺担保 | | 团 | ...

Group 1 - The core point of the announcement is that the shareholder, Black Five Categories Group, will release 14.5 million shares from pledge, which accounts for 19.58% of its holdings and 1.93% of the company's total share capital, with the release date set for January 12, 2026 [1] - The same shareholder will re-pledge 37.6745 million shares, representing 50.88% of its holdings and 5.00% of the company's total share capital, starting from January 13, 2026, for performance commitment guarantees [1] - As of the announcement date, the total pledged shares by the relevant shareholder and its concerted parties amount to 87.6745 million shares, which is 67.51% of their holdings and 11.65% of the company's total share capital, indicating that the pledge risk is controllable [1]

Core Insights - Black Sesame Intelligence showcased its latest achievements in assisted driving, embodied intelligence, and consumer electronics at CES 2026, marking its strategic shift from "driving assisted driving" to "promoting intelligent evolution" [2] Group 1: Assisted Driving Solutions - The company has developed a complete product matrix in the assisted driving sector, featuring the Huashan series chips for assisted driving and the Wudang series for cross-domain computing [3] - The Huashan A2000 chip, which debuted at CES 2026, has received widespread recognition for its performance and has been successfully integrated into mass-produced vehicles in collaboration with major automakers [3] - The Wudang C1296 chip made its overseas debut, enabling a comprehensive solution for digital dashboards, smart cockpits, and assisted driving, showcasing high integration with partners like Dongfeng and Continental [4] Group 2: Embodied Intelligence - Black Sesame Intelligence introduced the SesameX multi-dimensional embodied intelligence computing platform, aimed at providing an open and scalable foundation for robotic applications, marking its first overseas appearance [5] - The platform includes various series to meet different robotic needs, promoting the industrial application of embodied intelligence [5] Group 3: AI Imaging Solutions - The company's AI imaging solutions have been widely adopted in consumer electronics, with over 500 million devices equipped globally [6] - A strategic acquisition of Yizhi Electronics enhances its capabilities in low-power, cost-effective AI SoC chips, with related products showcased at CES [6] - The AI imaging solutions are integrated into various consumer electronics, providing enhanced user experiences through advanced algorithms [7]

Core Viewpoint - The report highlights the growth of industrial enterprises in Guangxi Zhuang Autonomous Region, indicating a positive trend in the industrial sector with a year-on-year increase in the number of enterprises [1]. Group 1: Industrial Enterprises in Guangxi - As of January-November 2025, the number of industrial enterprises in Guangxi reached 10,535, an increase of 239 enterprises compared to the same period last year, representing a growth rate of 2.32% [1]. - The industrial enterprises accounted for 2% of the national total, reflecting Guangxi's contribution to the overall industrial landscape in China [1]. Group 2: Industry Research and Consulting - Zhiyan Consulting, a leading industry consulting firm in China, has been deeply engaged in industry research for over a decade, providing comprehensive industry research reports, business plans, feasibility studies, and customized services [1]. - The firm emphasizes its professional approach, quality service, and keen market insights to empower investment decisions [1].