Core Viewpoint - Black Sesame Technologies (02533) anticipates revenue exceeding RMB 250 million for the six months ending June 30, 2025, representing a growth of over 38% compared to the same period in 2024, but expects a net loss not exceeding RMB 800 million during this period [1] Financial Performance - The company projects a revenue of over RMB 250 million for the upcoming six-month period [1] - This revenue forecast indicates a growth of more than 38% compared to the same period in the previous year [1] - The anticipated net loss is expected to be no more than RMB 800 million [1] Cost Drivers - The projected loss is primarily attributed to: - Share-based compensation expenses of no less than RMB 200 million due to employee incentive awards [1] - Significant expenditures related to research and development in advanced driver assistance systems and solutions [1] - Decreased fair value gains on financial instruments issued to investors, linked to the conversion of preferred shares to ordinary shares following the company's listing on the Hong Kong Stock Exchange [1]