HK Stock Market Move | BLACK SESAME (02533) rises by over 5% again, recently reaching a strategic cooperation agreement on intelligent driving with Zebra Intelligent Mobility. The company's overall gross profit significantly increased in the first half of the year.

BLACK SESAME (02533) rose by over 5%, as of the time of publication, it increased by 4.23%, reaching 23.4 Hong Kong dollars, with a transaction amount of 257.385 million Hong Kong dollars. On the news front, BLACK SESAME announced a strategic partnership with Zebra Zhixing at the recent Alibaba Cloud Computing Conference. The two parties will collaborate based on BLACK SESAME's Wudang C1200 family of chips, extending to the broad field of intelligent cabin operating systems, and will engage in deeper cooperation around intelligent cabin and large-scale application models. Previously, BLACK SESAME released its interim performance announcement, with the overall gross profit for the first half of the year increasing by 365.3% to 901 million yuan. The gross profit margin of the company's autonomous driving products and solutions increased from 12.9% for the six months ended June 30, 2023, to 47.2% for the six months ended June 30, 2024. This is because the company's autonomous driving algorithms integrated into SoC-based solutions have been perfected and validated in the commercial production process, enabling customers to choose solutions with fewer hardware components according to their needs.