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Black Sesame International Holding Limited
(2533)
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Rating:43Neutral
Price Target:
HK$10.00
▼(-5.12% Downside)
Action:Upgraded
Date:08/05/26
The score is held down primarily by weak and volatile profitability and persistent cash burn despite strong revenue growth and some balance-sheet improvement. Technical indicators are mixed but generally weak (negative MACD and price below key longer-term averages), while valuation is constrained by loss-making results and the absence of a dividend yield.
Positive Factors
Strong revenue growth
Rapid revenue expansion indicates increasing commercial scale and market adoption. If sustained, this growth can broaden the company’s operating base, support greater fixed-cost absorption, and create a foundation for improving profitability as sales continue to compound over the next several quarters.
Negative Factors
Persistent operating cash burn
Consistently negative operating cash flow means the business is not yet self-funding its core activities. Continued cash consumption can increase reliance on external financing, constrain investment choices, and create pressure to improve operations before funding flexibility diminishes.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Rapid revenue expansion indicates increasing commercial scale and market adoption. If sustained, this growth can broaden the company’s operating base, support greater fixed-cost absorption, and create a foundation for improving profitability as sales continue to compound over the next several quarters.
Read all positive factors
Black Sesame International Holding Limited (2533) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$7.06B
Dividend YieldN/A
Average Volume (3M)5.68M
Price to Earnings (P/E)―
Beta (1Y)1.41
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees1,037
SectorGeneral
Sector StrengthN/A
IndustrySemiconductors
Share Statistics
EPS (TTM)-2.38
Shares Outstanding717,190,200
10 Day Avg. Volume5,554,527
30 Day Avg. Volume5,680,278
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)-1.59
Revenue Forecast (FY)HK$1.54B
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...
Black Sesame International Holding Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
41
Neutral
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 822.33M | 474.25M | 312.39M | 165.44M | 60.50M |
| Gross Profit | 337.09M | 194.71M | 77.14M | 48.63M | 21.87M |
| EBITDA | -1.29B | 441.35M | -4.77B | -2.70B | -2.33B |
| Net Income | -1.39B | 313.31M | -4.86B | -2.75B | -2.36B |
Balance Sheet | |||||
| Total Assets | 2.65B | 2.32B | 1.92B | 2.15B | 1.76B |
| Cash, Cash Equivalents and Short-Term Investments | 1.53B | 1.62B | 1.31B | 1.69B | 1.55B |
| Total Debt | 778.91M | 722.40M | 12.64B | 82.63M | 163.72M |
| Total Liabilities | 1.49B | 1.22B | 13.01B | 8.66B | 5.43B |
| Stockholders Equity | 1.16B | 1.09B | -11.09B | -6.51B | -3.66B |
Cash Flow | |||||
| Free Cash Flow | -1.03B | -1.25B | -1.19B | -825.75M | -673.13M |
| Operating Cash Flow | -982.07M | -1.19B | -1.06B | -754.67M | -639.32M |
| Investing Cash Flow | -174.96M | -223.01M | 546.70M | -732.80M | -31.82M |
| Financing Cash Flow | 1.19B | 1.55B | 809.13M | 804.17M | 2.00B |
Black Sesame International Holding Limited Technical Analysis
Negative
10.54
Price Trends
11.28
Negative
13.33
Negative
16.42
Negative
Market Momentum
-0.37
Positive
39.39
Neutral
25.14
Neutral
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 below the 20-day moving average (MA) of 10.79, below the 50-day MA of 11.28, and below the 200-day MA of 16.42, indicating a bearish trend. The MACD of -0.37 indicates Positive momentum. The RSI at 39.39 is Neutral, neither overbought nor oversold. The STOCH value of 25.14 is Neutral, 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
9.86
-8.18
-45.34%
HK:2577
InnoScience (Suzhou) Technology Holding Co Ltd Class H
44.94
-48.06
-51.68%
HK:2676
Suzhou Novosense Microlectronics Co. Ltd. Class H
160.00
49.00
44.14%
HK:0501
Omnivision Integrated Circuits Group, Inc. Class H
71.25
-50.39
-41.43%
HK:0600
Axera Semiconductor Co., Ltd. Class H
17.38
-10.82
-38.37%
HK:3277
Gpixel Changchun Microelectronics Inc Class H
81.30
11.52
16.50%
Black Sesame International Holding Limited Corporate Events
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...
Black Sesame International Forecasts Strong Revenue Growth but Ongoing Losses on Heavy AI Investment
Jul 30, 2026
Black Sesame International has alerted investors that revenue for the six months ended June 30, 2026 is expected to reach at least RMB458 million, an increase of no less than 81.1% from a year earlier. Despite this surge, the Group anticipates a n...
Black Sesame Founder Extends Lock-Up to Back On-Device AI Strategy
Jul 30, 2026
Black Sesame International Holding Limited announced that founder and CEO Shan Jizhang has voluntarily extended his lock-up undertaking over all 44,100,000 shares he beneficially holds, representing about 6.18% of the company’s issued share ...
Black Sesame International Completes 60% AI SoC Acquisition to Boost On‑Device AI Portfolio
Jul 14, 2026
Black Sesame International Holding has completed the acquisition of a 60% equity interest in a target AI SoC company through an equity transfer and capital increase, making the target a non-wholly owned subsidiary whose results will be consolidate...
Black Sesame International Secures Shareholder Backing for Governance and Capital Mandates
Jun 29, 2026
Shareholders of Black Sesame International Holding Limited have approved all resolutions at the annual general meeting held in Wuhan on June 29, 2026, including adoption of the audited 2025 financial statements and re-election of several non-execu...
Black Sesame International Grants 510,000 Share Awards to New Hires Under Post-IPO Plan
Jun 26, 2026
Black Sesame International Holding granted 510,000 share awards under its Post-IPO Share Plan on June 26, 2026 to 10 newly recruited employees at no purchase price, aligning their interests with shareholders and supporting the company’s tech...
Black Sesame International Secures Shareholder Approval for Equity Transfer and Capital Increase Deals
Jun 17, 2026
Black Sesame International Holding Limited announced that shareholders have approved an ordinary resolution at an extraordinary general meeting held in Wuhan on June 17, 2026. The meeting endorsed a set of key agreements involving an equity transf...
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.