HK Stock Market Move | BLACK SESAME (02533) rises over 7%; the company's high growth in assisted driving combined with the ramp-up of embodied intelligence, and the consolidation of Eeasytech is expected to enhance revenue elasticity.

BLACK SESAME (02533) rose over 7% intraday, up 5.54% as of press time at HK$9.825, with turnover of HK$37.9905 million. On the news front, BLACK SESAME recently disclosed its 2026 interim results. Soochow, analyzing from the business perspective, pointed out that in 2026H1 the company's assisted driving products and solutions revenue reached RMB395 million, up 66.8% year-on-year. High-level assisted driving solutions continued to achieve large-scale mass production in passenger vehicles, L2-L3 penetration rates for commercial vehicles and special-purpose vehicles increased compared with 2025H1, and unmanned logistics also contributed; smart imaging solutions revenue was RMB16 million, flat compared with 2025H1; embodied intelligence and solutions revenue was RMB47 million, with standardized computing power modules and replicable solutions forming a second growth curve. Soochow believes that in the second half of 2026, focus should be on the official mass production of Huashan A2000 and large-scale installation of Wudang C1200, which, combined with cooperation with algorithm partners such as Yuanrong and Nullmax, is expected to continue raising ASP and the software share through intelligent driving platformization and software-hardware synergy. The company has completed the acquisition of a 60% stake in Eeasytech (Eeasytech's 2026H1 revenue was RMB165 million, significantly improved compared with 2025H1), filling in 0.5T2T entry-level low-power edge computing power and forming gradient coverage from 0.5T to nearly 700 TOPS together with Huashan/Wudang mid-to-high computing power, while extending horizontally into AIoT scenarios such as smart hardware and security; consolidation is expected to enhance revenue elasticity.