Autonomous driving chipmaker Black Sesame International Holding Ltd. (2533.HK) announced on Thursday its revenue for 2025 exceeded 800 million yuan ($116 million), up more than 68.7% year-on-year. It said it expects to report a net loss of up to 1.48 billion yuan for the year, reversing a profit of 313 million yuan in 2024. Its operating loss for the year totaled up to 1.5 billion yuan, narrowing by at least 14.4% from a year earlier.
The company said the strong revenue growth was driven partly by continued expansion for its advanced driver assistance systems (ADAS) and related solutions for passenger vehicles. At the same time, it achieved batch shipments in L2 to L3 commercial vehicle applications and L4 autonomous logistics scenarios. In addition, revenue from its robotics business rose significantly, becoming another key contributor.
Despite the revenue growth, the company fell into the red partly due to investment in AI and computing power, as well as share-based compensation expenses of up to 300 million yuan. The company’s fair value gains from financial instruments issued to investors also decreased after its listing, when preferred shares were converted into ordinary shares.
The company attributed the narrower operating loss mainly to growth in its robotics business, improved gross margin from advanced driver assistance solutions, and lower operating costs.
Black Sesame’s shares opened higher on Friday and closed at HK$19.41 by the midday break, up 2.16%.
By Lee Shih Ta
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