Black Sesame International Holding Limited (2533) AI Stock Analysis

• Market Cap: HK$12.55B
• Dividend Yield: N/A
• Average Volume (3M): 15.98M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.49
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: HK
• Employees: 973
• Sector: Consumer Goods
• Sector Strength: N/A
• Industry: Semiconductors
• EPS (TTM): N/A
• Shares Outstanding: 638,014,950
• 10 Day Avg. Volume: 19,515,040
• 30 Day Avg. Volume: 15,984,706
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$21.17
• Price Target Upside: 7.63% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 3

• Rating: 54 Neutral
• Price Target: HK$19.50 ▼(-0.86% Downside)

The overall stock score is primarily influenced by financial performance challenges, including negative profitability and cash flow issues. Technical analysis provides some positive momentum, but the lack of valuation metrics limits a comprehensive assessment.

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 high-computing power SoCs for autonomous driving applications; and the Wudang series cross-domain SoCs for functionalities of intelligent vehicles, such as smart cockpit and automotive gateway. It also offers autonomous driving support software solutions; and engages in the IP holding and licensing, sales and marketing, and investment activities. The company was incorporated in 2016 and is headquartered in Wuhan, China.

How the Company Makes Money

Black Sesame International Holding Limited generates revenue through the sale of its AI chips and semiconductor solutions to manufacturers and developers across different sectors. The company collaborates with automotive and electronics manufacturers to integrate its solutions into their products, enhancing functionalities such as autonomous driving, image processing, and smart device capabilities. Additionally, Black Sesame may engage in strategic partnerships and agreements that lead to licensing its technology, contributing to its revenue streams. The company's earnings are significantly influenced by the demand for AI-driven technology and the adoption of smart systems in various industries.

Black Sesame International Holding Limited Financial Statement Overview

Summary

Black Sesame International Holding Limited exhibits strong revenue growth but struggles with profitability, as reflected in negative net income and cash flow issues. The balance sheet has improved equity levels, but high liabilities underline potential risks. The company needs to enhance operational efficiencies and cash management to bolster its financial position.

Income Statement

The company has shown significant revenue growth over the years, with a notable increase from 2021 to 2024. However, the net income has been negative for several years, indicating ongoing profitability challenges. The gross profit margin improved to 41.05% in 2024, but with a negative EBIT margin (-369.73%) and a volatile EBITDA margin, the company struggles with operational efficiency.

Balance Sheet

The balance sheet shows improvement in stockholders' equity, turning positive in 2024 after being negative in prior years. The debt-to-equity ratio is 0.66, indicating moderate leverage, and the equity ratio stands at 47.19%, reflecting a relatively balanced capital structure. However, the company still faces substantial liabilities, which could pose risks.

Cash Flow

The company has experienced negative free cash flow consistently, indicating liquidity challenges. The operating cash flow to net income ratio is negative, showing misalignment between cash generation and profitability. Despite positive financing cash flow, primarily through debt, the free cash flow remains a concern.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	474.25M	312.39M	165.44M	60.50M
Gross Profit	194.71M	77.14M	48.63M	21.87M
EBITDA	441.35M	-4.77B	-2.70B	-2.33B
Net Income	313.31M	-4.86B	-2.75B	-2.36B
Balance Sheet
Total Assets	2.32B	1.92B	2.15B	1.76B
Cash, Cash Equivalents and Short-Term Investments	1.62B	1.31B	1.69B	1.55B
Total Debt	722.40M	52.45M	82.63M	163.72M
Total Liabilities	1.22B	13.01B	8.66B	5.43B
Stockholders Equity	1.09B	-11.09B	-6.51B	-3.66B
Cash Flow
Free Cash Flow	-1.25B	-1.19B	-825.75M	-673.13M
Operating Cash Flow	-1.19B	-1.06B	-754.67M	-639.32M
Investing Cash Flow	-223.01M	546.70M	-732.80M	-31.82M
Financing Cash Flow	1.55B	809.13M	804.17M	2.00B

Black Sesame International Holding Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 19.67
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2533, the sentiment is Neutral. The current price of 19.67 is above the 20-day moving average (MA) of 18.97, above the 50-day MA of 18.46, and below the 200-day MA of 21.34, indicating a neutral trend. The MACD of 0.56 indicates Negative momentum. The RSI at 55.10 is Neutral, neither overbought nor oversold. The STOCH value of 69.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2533.

Black Sesame International Holding Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1385	77 Outperform	HK$49.34B	76.00	9.71%	0.21%	2.33%	-32.82%
0085	64 Neutral	HK$3.15B	7.55	24.05%	5.81%	-18.35%	-6.00%
2878	61 Neutral	HK$1.40B	27.05	7.39%	―	-25.16%	-51.97%
2533	54 Neutral	HK$12.55B	―	―	―	―	―
1347	51 Neutral	HK$133.08B	284.02	0.93%	0.24%	―	―
1912	48 Neutral	HK$104.32M	-1.68	-52.56%	―	-6.19%	18.71%
Sector *	57 Neutral	$3.13B	9.23	-34.32%	3.14%	-25.56%	-353.61%

Black Sesame International Holding Limited Corporate Events

Black Sesame International Reports Revenue Growth Amidst Expansion in ADAS Solutions

Black Sesame International Holding Limited reported a 40.4% increase in revenue for the first half of 2025, despite a significant net loss. The company has made substantial progress in mass production and delivery of its ADAS solutions, securing new projects and expanding its portfolio of vehicle models, including international markets. This expansion is supported by advancements in its driving assistance technology, which now offers seamless navigation across various road types.

The most recent analyst rating on (HK:2533) stock is a Hold with a HK$20.00 price target. To see the full list of analyst forecasts on Black Sesame International Holding Limited stock, see the HK:2533 Stock Forecast page.

Black Sesame International Issues Profit Warning Amid Revenue Growth

Black Sesame International Holding Limited has issued a profit warning, indicating an expected net loss of no more than RMB800 million for the first half of 2025, despite a revenue growth of over 38% compared to the same period in 2024. The anticipated loss is mainly due to significant share-based compensation expenses, investments in research and development for advanced assisted driving solutions, and a decrease in fair value gain from financial instruments following the conversion of preferred shares to ordinary shares upon the company’s listing on the Hong Kong Stock Exchange.

The most recent analyst rating on (HK:2533) stock is a Hold with a HK$18.50 price target. To see the full list of analyst forecasts on Black Sesame International Holding Limited stock, see the HK:2533 Stock Forecast page.

Black Sesame International Updates on Potential Acquisition Progress

Black Sesame International Holding Limited, a company incorporated in the Cayman Islands, has announced an update regarding a potential acquisition. The company is actively engaged in due diligence and discussions with the target company, which continues to operate under its existing management. The acquisition is not yet finalized, and stakeholders are advised to exercise caution as there is no binding agreement in place.

The most recent analyst rating on (HK:2533) stock is a Hold with a HK$18.50 price target. To see the full list of analyst forecasts on Black Sesame International Holding Limited stock, see the HK:2533 Stock Forecast page.

Black Sesame International Announces Board Meeting for Interim Results

Black Sesame International Holding Limited has announced a board meeting scheduled for August 29, 2025, to consider and approve the interim results for the first half of the year ending June 30, 2025. The meeting will also discuss the potential payment of an interim dividend, which could have implications for stakeholders and reflect the company’s financial health and strategic positioning.

Black Sesame Founder Extends Lock-Up Period, Signaling Confidence in Future

Black Sesame International Holding Limited, a company incorporated in the Cayman Islands, has announced a voluntary extension of the lock-up undertaking by its founder and CEO, Mr. Shan Jizhang. This decision reflects Mr. Shan’s confidence in the company’s long-term value and future prospects, as he commits to not disposing of his 44,100,000 shares, which represent 6.94% of the total issued shares, until August 7, 2026. This move is likely to reassure shareholders and potential investors about the stability and growth potential of the company.

Black Sesame International Announces Employee Award Grants

Black Sesame International Holding Limited, a company incorporated in the Cayman Islands, has announced the grant of 383,000 awards to 14 employees under its Post-IPO Share Plan. The awards, which have no purchase price, will vest in full one year from the commencement date without any performance targets. The plan includes a clawback mechanism in case of resignation, misconduct, or other specific conditions. None of the grantees are directors, chief executives, or substantial shareholders, and the grant does not require shareholder approval.

Black Sesame International Announces Strategic Share Repurchase Plan

Black Sesame International Holding Limited announced its intention to conduct an on-market share repurchase of up to 63,178,901 ordinary shares, representing 10% of its issued shares, under a general mandate approved by shareholders. The repurchase, capped at RMB100 million, aims to demonstrate confidence in the company’s growth prospects and enhance shareholder value, while adhering to regulatory requirements and maintaining the minimum public float.

Black Sesame Eyes Strategic Acquisition to Bolster AI SoC Capabilities

Black Sesame International Holding Limited has entered into a non-legally binding letter of intent to potentially acquire a Chinese company specializing in cost-effective AI SoCs and solutions. This acquisition aims to enhance Black Sesame’s offerings in automotive-grade computing chips and expand into robotics applications, potentially strengthening its competitive position in the AI SoC market.