Black Sesame Intelligent widens interim loss to RMB770 million
AM730 · 2 SOURCESabout 23 hours ago2 MIN
Summary
Black Sesame Intelligent (2533) reported an interim net loss of RMB770 million for the six months ended June, a 1% increase from a year earlier.
Adjusted net loss widened to RMB640 million, up 17.2% year on year, while basic loss per share was RMB1.18.
Revenue rose 81.3% to RMB460 million and gross profit climbed 261.9% to RMB230 million, which the company attributed mainly to an improved business mix and larger scale in assisted driving and embodied intelligence businesses.
The company said research and development spending increased as it stepped up investment in automotive-grade chips, AI, computing power and large-model algorithms, while it did not declare an interim dividend.
Key Points
- Black Sesame Intelligent said first-half net loss reached RMB770 million as of end-June, representing a 1% year-on-year increase.
- Adjusted net loss was RMB640 million, up 17.2%, and basic loss per share came in at RMB1.18.
- First-half revenue rose to RMB460 million, up 81.3%, while gross profit increased to RMB230 million, up 261.9%.
- Research and development expenses climbed to RMB860 million, up 39.09%, driven by heavier spending on chips, AI, computing and algorithms.
- The group shipped more than 6 million chips in the first half, while embodied intelligence and solutions generated RMB47.2 million revenue.
Why It Matters
For Hong Kong investors, the results show a company still absorbing heavy technology investment even as top-line growth accelerates.
The sharp rise in revenue, gross profit and chip shipments suggests commercial traction, but the enlarged loss underlines the execution risk facing listed AI and automotive-chip developers.