Robotics rollout drives Black Sesame’s first-half revenue up more than 80%

Autonomous driving chipmaker Black Sesame International Holding Ltd. (2533.HK) said on Thursday it expects to record revenue of 458 million yuan ($68 million) or more for the six months through June, up 81.1% or more year-on-year. Its net loss is expected to range from 720 million yuan to 820 million yuan, similar to its loss of about 762 million yuan a year earlier.

The company said the revenue growth was mainly driven by its robotics business, as its rollout of robotics-related solutions, modules and chips accelerated. It has also become a long-term partner of several leading Chinese robotics manufacturers. Meanwhile, its advanced assisted driving solutions continued to achieve large-scale production in the passenger vehicle market, while penetration rates of its L2 to L3 assisted driving systems in commercial and special-purpose vehicles increased significantly.

However, the company’s ongoing investment in computing power, AI, large-model algorithms and automotive-grade chips also resulted in high expenses.

The company’s shares opened higher on Friday and were up 7.94% at HK$12.1 by the midday break.

By Lee Shih Ta

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