Black Sesame Intelligence (02533.HK): Leader in Intelligent Driving Chips, Dual-Wheel Drive Fuels High Performance Growth

Black Sesame Intelligence (02533.HK) is an enterprise focused on automotive-grade computing SoC chips and intelligent automotive solutions, founded in 2016 and listed on the HKEX in August 2024 [0]. Core products include the Huashan series of high-compute SoCs and the Wudang series of cross-domain SoCs, serving leading automakers such as Geely and BYD [0].

2025 H1 revenue was 253 million yuan, up 40.4% YoY; full-year forecast reaches 1.039 billion yuan (+111%) [0]. The company is the world’s third-largest supplier of automotive-grade high-compute SoC chips with leading technology [0]; it is also expanding into robotics, achieving commercialization through cooperation with Yunshenchu, forming a dual-wheel drive [0].

Market performance: YTD return is 29.93%, outperforming the Hang Seng Index by 28.79% [0]. Guosheng Securities and others have given a buy rating with a target price of HK$23.63 [4]. The intelligent driving industry benefits from policy support, and concept stocks are sought after [3].

1. Dual-Wheel Growth Synergy
   : Stable growth of automotive chips + emerging expansion of robotics business support long-term growth [0]
2. Significant Technical Barriers
   : Global leading accumulation of automotive-grade chip technology builds competitive advantages [0]
3. Policy-Market Resonance
   : Policy support for intelligent driving and growing market demand are favorable for business expansion [3]

• Risks
  : Intensified competition in the chip industry, high R&D investment pressure; supply chain fluctuations affect delivery [0]
• Opportunities
  : Commercial expansion of robotics business; popularization of autonomous driving technology applications; policy support for intelligent connected vehicles [0,3]

Black Sesame Intelligence shows strong growth momentum with its technical advantages and dual-wheel strategy. As a leading enterprise in intelligent driving chips, policy and market resonance make it a hot spot in HK stocks. Investors can pay attention to business progress and industry dynamics to evaluate long-term value [0,2,4]