HK Stock Market Move | BLACK SESAME (02533) rose by over 6% in the morning, as the continuous catalysis of domestic intelligent driving on the road. Institutions expect the A1000 shipment volume to increase significantly within the year.

Black Sesame (02533) rose more than 6% in the morning, and as of the time of publication, it was up 5.8% at HK$20.26, with a transaction volume of HK$6.64 billion. On the news front, in recent days, the catalytic effect of intelligent driving on the road in China has continued. On September 17, the Ministry of Industry and Information Technology publicly solicited opinions from society on the mandatory national standard for the "safety requirements of intelligent connected vehicles' combination driving assistance systems". The draft for soliciting opinions released this time has established the safety baseline for intelligent connected vehicle products, requiring the system to only be activated under its designed operating conditions. On September 13, the Ministry of Industry and Information Technology and other eight departments issued the "Automobile Industry Stability and Growth Plan (2025-2026)", proposing to promote the industrial application of intelligent connected technology. Promote pilot tests for the access and on-road passage of intelligent connected vehicles, conditionally approve the production access of L3-level vehicle models, and promote the improvement of road traffic safety, insurance, and other laws and regulations. Puyin International pointed out that the high-speed NOA solution based on Huawei's A1000 will start mass production in passenger vehicles from 2023, and the solution has been fully validated. Since the beginning of this year, Black Sesame has deepened its cooperation with core existing customers, deploying more vehicle models on one hand, and expanding from assisted driving to cabin-driving integration on the other. The bank believes that the company will benefit from the trend of autonomous car manufacturers accelerating the deployment of models with NOA function, achieving a substantial increase in shipments and revenue by 2025, with expected shipments of A1000 exceeding 300,000 units. In addition, the company's targeted projects for overseas vehicle models and potential cooperation with major customers based on the C1200 series have reserved potential room for revenue growth next year.