HK Stock Market Move | BLACK SESAME (02533) surged more than 6% in early trading. It may turn losses into profits in 2024. The institution stated that the smart driving business has strong scarcity.

, BLACK SESAME (02533) rose over 6% in early trading. As of the time of writing, it rose by 6.42% to HK$24.85, with a trading volume of HK$3.57 billion. On the news front, BLACK SESAME previously announced profit growth, with an estimated revenue of about RMB 4.5 to 5 billion expected to be achieved in 2024, representing a year-on-year growth of about 44% to 60%. The estimated net profit is expected to be no less than RMB 1 billion, while the net loss in 2023 was about RMB 4.855 billion. In addition, on March 3rd, GEELY AUTO held a Geely AI intelligent technology conference, where the Qianlihaohan H1 sensor solution adopted 10V5R and supports high-speed NOA and automatic parking APA. BLACK SESAME's Huashan A1000 solution supported the Qianlihaohan H1, and the intelligent driving system is equipped with two BLACK SESAME Huashan A1000 chips as standard. Guosen stated that with the accelerated penetration of the intelligent driving industry, increased demand for Huashan and Wudang series chips, BLACK SESAME's revenue side is expected to maintain rapid growth. The intelligent driving business has strong scarcity, and the company is a high-quality enterprise in the domestic intelligent driving chip industry, which is a scarce target in the industry. The rating of "better than the market" is maintained.