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Black Sesame International Holding Limited
(2533)
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Rating:41Neutral
Price Target:
HK$6.50
▼(-38.33% Downside)
Action:Reiterated
Date:10/09/26
The score is mainly held down by weak financial performance, driven by persistent large losses and significant negative operating/free cash flow despite improving revenue and gross margin. Technicals add pressure due to a clear downtrend across key moving averages, with only oversold signals offering limited support. Valuation contributes modestly negatively because a negative P/E reflects continued unprofitability and there is no dividend yield provided.
Positive Factors
Revenue Growth
Revenue growth indicates increasing commercial adoption of the company’s semiconductor and automotive-computing products. If sustained, expanding sales can improve operating leverage, support broader customer deployment, and provide a foundation for future progress toward profitability.
Negative Factors
Persistent Cash Burn
Strongly negative operating and free cash flow shows that the business is not currently funding its operations internally. Continued cash consumption can increase reliance on external funding or available liquidity, potentially limiting investment flexibility before profitability improves.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Revenue growth indicates increasing commercial adoption of the company’s semiconductor and automotive-computing products. If sustained, expanding sales can improve operating leverage, support broader customer deployment, and provide a foundation for future progress toward profitability.
Read all positive factors
Black Sesame International Holding Limited (2533) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$4.73B
Dividend YieldN/A
Average Volume (3M)4.45M
Price to Earnings (P/E)―
Beta (1Y)1.30
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees1,037
SectorGeneral
Sector StrengthN/A
IndustrySemiconductors
Share Statistics
EPS (TTM)-2.26
Shares Outstanding717,880,100
10 Day Avg. Volume4,024,161
30 Day Avg. Volume4,447,211
Financial Highlights & Ratios
PEG Ratio0.31
Price to Book (P/B)8.98
Price to Sales (P/S)12.66
P/FCF Ratio-10.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$23.80Price Target Upside125.81% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-1.61
Revenue Forecast (FY)HK$1.56B
Black Sesame International Holding Limited Business Overview & Revenue Model
Company Description
Black Sesame International Holding Limited, an investment holding company, provides autonomous driving system on chip (SoC) and SoC based solutions. The company's automotive-grade SoCs includes the Huashan series automotive grade high computing po...
How the Company Makes Money
The company primarily makes money by selling its semiconductor products and associated solutions to customers that integrate these chips into end products (such as automotive intelligent computing/ADAS domain controllers or other edge-AI devices)....
Black Sesame International Holding Limited Financial Statement Overview
Summary
Income Statement
26
Negative
Balance Sheet
55
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.03B | 822.33M | 474.25M | 312.39M | 165.44M | 60.50M |
| Gross Profit | 501.31M | 337.09M | 194.71M | 77.14M | 48.63M | 21.87M |
| EBITDA | -1.35B | -1.29B | 441.35M | -4.77B | -2.70B | -2.33B |
| Net Income | -1.43B | -1.39B | 313.31M | -4.86B | -2.75B | -2.36B |
Balance Sheet | ||||||
| Total Assets | 3.44B | 2.65B | 2.32B | 1.92B | 2.15B | 1.76B |
| Cash, Cash Equivalents and Short-Term Investments | 1.27B | 1.53B | 1.62B | 1.31B | 1.69B | 1.55B |
| Total Debt | 732.10M | 778.91M | 722.40M | 12.64B | 82.63M | 163.72M |
| Total Liabilities | 1.88B | 1.49B | 1.22B | 13.01B | 8.66B | 5.43B |
| Stockholders Equity | 1.47B | 1.16B | 1.09B | -11.09B | -6.51B | -3.66B |
Cash Flow | ||||||
| Free Cash Flow | -1.53B | -1.03B | -1.25B | -1.19B | -825.75M | -673.13M |
| Operating Cash Flow | -1.47B | -982.07M | -1.19B | -1.06B | -754.67M | -639.32M |
| Investing Cash Flow | -262.93M | -174.96M | -223.01M | 546.70M | -732.80M | -31.82M |
| Financing Cash Flow | 967.69M | 1.19B | 1.55B | 809.13M | 804.17M | 2.00B |
Black Sesame International Holding Limited Technical Analysis
Negative
10.54
Price Trends
9.41
Negative
10.59
Negative
14.45
Negative
Market Momentum
-0.71
Positive
29.70
Positive
11.46
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2533, the sentiment is Negative. The current price of 10.54 is above the 20-day moving average (MA) of 8.19, above the 50-day MA of 9.41, and below the 200-day MA of 14.45, indicating a bearish trend. The MACD of -0.71 indicates Positive momentum. The RSI at 29.70 is Positive, neither overbought nor oversold. The STOCH value of 11.46 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2533.
Black Sesame International Holding Limited Peers Comparison
UnderperformOutperform
Sector (55)
HK:2533
Black Sesame International Holding Limited
6.84
-17.27
-71.64%
HK:2577
InnoScience (Suzhou) Technology Holding Co Ltd Class H
27.40
-50.70
-64.92%
HK:2676
Suzhou Novosense Microlectronics Co. Ltd. Class H
110.40
-0.60
-0.54%
HK:0501
Omnivision Integrated Circuits Group, Inc. Class H
73.45
-48.19
-39.62%
HK:0600
Axera Semiconductor Co., Ltd. Class H
16.86
-11.34
-40.21%
HK:3277
Gpixel Changchun Microelectronics Inc Class H
43.22
-26.56
-38.07%
Black Sesame International Holding Limited Corporate Events
Black Sesame International Grants 14.3 Million Share Awards Under Post-IPO Plan
Oct 23, 2026
Black Sesame International Holding Limited has granted a total of 14,284,300 share awards under its Post-IPO Share Plan to 659 participants, including 700,000 awards to executive director Shan Jizhang and 13,584,300 awards to eligible employees of...
Black Sesame to Cancel Treasury Shares After Buyback, Trimming Share Count
Oct 22, 2026
Black Sesame International Holding Limited has announced plans to cancel 1,982,200 treasury shares that were repurchased on the Hong Kong Stock Exchange under a 2025 general buyback mandate. The cancelled shares represent about 0.28% of its issued...
Black Sesame Staff Plan HK$40–50 Million Share Purchase as Confidence Signal
Oct 15, 2026
Black Sesame International Holding Limited, a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange, is guided by a diversified board including executive, non-executive and independent directors. The group highlights the confi...
Black Sesame Wins RMB300 Million AI Server Orders to Drive Growth
Oct 14, 2026
Black Sesame International Holding Limited has secured major sales and technology development contracts worth about RMB300 million with a listed mainland industry partner, marking the first batch of orders for its AI computing servers. Around RMB2...
Black Sesame International Rides On-Device AI Boom With Strong Interim Revenue
Aug 31, 2026
Black Sesame International reported a sharp revenue increase for the six months to June 30, 2026, as demand for on-device AI computing surged across vehicles and smart terminals. Revenue rose 81.3% year on year to RMB458.5 million, gross profit mo...
Black Sesame International Sets Board Meeting to Approve Interim Results and Consider Dividend
Aug 19, 2026
Black Sesame International Holding Limited has scheduled a board meeting for August 31, 2026 to review and approve the group’s interim results for the six months ended June 30, 2026, and to authorize their publication. The board will also co...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.