Core Viewpoint - Black Sesame Intelligence is attempting to enter the humanoid robot sector by acquiring Zhuhai Yizhi Electronics for a price between 400 million to 550 million yuan, which is close to its projected revenue for 2024 [1][2] Group 1: Acquisition Details - The acquisition of Yizhi Electronics, a supplier focused on AI machine vision algorithms and SoC chip design, will allow Black Sesame to expand its product offerings into broader robotic applications [2][3] - Following the acquisition, Yizhi Electronics will become a non-wholly owned subsidiary, and its financial performance will be consolidated into Black Sesame's financial statements [1] Group 2: Business Performance - In the first half of the year, Black Sesame reported a loss exceeding 700 million yuan, with multiple performance indicators such as gross profit and gross margin declining year-on-year [1][5] - The company's revenue for the first half of the year was 253 million yuan, reflecting a year-on-year growth of 40.4%, but gross profit fell by 30.4% to 62.7 million yuan, with a gross margin of 24.79%, down over 25% [5][6] Group 3: Market Position and Strategy - Black Sesame's main business remains concentrated in autonomous driving products and intelligent imaging solutions, which generated revenues of 237 million yuan and 16 million yuan respectively in the first half of the year, with both segments experiencing year-on-year growth [4] - The company is facing intense competition in the autonomous driving chip market, with a low market share and no significant customer loyalty, which raises concerns about its strategic shift towards the humanoid robot sector [6] Group 4: Future Outlook and Challenges - The humanoid robot industry is still in its early stages, with significant technological advancements expected to take 5 to 10 years, indicating a high-risk environment for large-scale investments [5] - Black Sesame's CEO received a controversial compensation package of 166 million yuan in 2024, raising concerns about shareholder dilution amid ongoing losses and declining stock prices [9]