GXSH(SZ:000716) Guan Cha Zhe Wang·2026-01-04 09:30Core Insights - Black Sesame Intelligence has received approval from the U.S. Department of Commerce and the Department of Defense for its high-performance intelligent driving chip, the Huashan A2000, marking its entry into large-scale application [1][3] - The A2000 chip, based on 7nm technology, integrates high-performance CPU, GPU, NPU, and various dedicated computing units, supporting multiple precision calculations and a full AI toolchain for development [3] - The company reported a revenue of 252.88 million RMB in the first half of 2025, a 40.4% increase year-on-year, but incurred a net loss of 762.36 million RMB [4] Company Developments - Black Sesame Intelligence launched the Huashan A2000 family in September 2024, including A2000 Lite, A2000, and A2000 Pro, targeting different levels of autonomous driving needs, with maximum computing power four times that of mainstream flagship chips [3] - The company completed a strategic acquisition of Yizhi Electronics, gaining a 60% stake, which is seen as a key move to expand its edge intelligence solutions and explore new growth paths [4] - Market expectations suggest that Black Sesame Intelligence may achieve over 60% revenue growth this year [5]