Black Sesame Intelligence's 2025 revenue reaches 800 million yuan: a 73% year-over-year increase, with a loss of 1.4 billion yuan, and will complete the acquisition of Yizhi Electronics

Ask AI · How will acquiring Ezviz Electronics enhance the chip and algorithm strategy?

Lei Dijun, Lei Jianping, April 1

Black Sesame Intelligence (stock code: 02533.HK) recently released its financial report for 2025. The report shows that Black Sesame Intelligence’s revenue in 2025 was 822 million, up 73.4% from 474 million in the same period last year.

In 2025, Black Sesame Intelligence’s revenue from assisted-driving products and solutions was 687 million yuan, up 56.8% from 438 million yuan in the same period last year.

In 2025, Black Sesame Intelligence’s intelligent imaging solutions revenue was 39.2 million yuan, up 7.9% from 36.3 million yuan in the same period last year; embodied intelligence solutions revenue was 96.3 million yuan.

Will Complete the Acquisition of Ezviz Electronics

In 2025, Black Sesame Intelligence’s mass production progress for the Huashan series and Wudang series chip continued to accelerate. The Huashan A1000 series chips have already had a lifecycle of more than 5 years. They are installed in multiple vehicle models from Geely, Dongfeng, BYD, FAW, and others. In addition to the domestic market, they have also begun to be exported globally, becoming the main contributor to the company’s chip sales in 2025.

With the increase in mass-produced vehicle models, Black Sesame Intelligence has accumulated extensive experience in advanced assisted driving. This helps the company enter commercial vehicle fields such as unmanned postal logistics vehicles, unmanned cleaning vehicles, and trucks. Among them, A1000 chips have been installed in Chery and Shaanxi Auto commercial vehicles within the year, providing active safety solutions; and they have also been installed in Desay Xiwei’s “Chuan Xing Zhi Yuan” S6 series of unmanned vehicles, providing high-security computing power for unmanned operations at the end logistics with a “dual-brain redundancy” architecture.

The Wudang C1200 series chips advanced from design verification to mass production in 2025. This series of chips has already entered the mass production stage in new models of leading automakers. At the same time, it has been validated and delivered by multiple automakers, covering diverse needs such as integrated cabin parking-and-driving and entry-level intelligent driving.

The latest iterated Huashan A2000 series chips from Black Sesame Intelligence are the core driving force for the company’s move into high-end intelligent driving. Built on a 7nm advanced process technology, the chip supports a variety of precision computing including full FP16/FP8 floating point and INT4/INT8/INT16, and is paired with a mature AI toolchain, enabling efficient end-to-end development for model deployment and optimization.

The A2000 is conducting deep adaptation and validation of an end-to-end, visual—language—action (VLA) VLA algorithm with core algorithm vendors such as Yuanrong Qixing and Nullmax. It has already achieved designated installation at leading automakers. Going forward, it will proceed to deliver samples to more leading automakers, and multiple mass production projects are expected to be launched within 2026.

In 2026, Black Sesame Zhisheng will complete the acquisition of Zhuhai Ezviz Electronics Technology Co., Ltd. (“Ezviz Electronics”). Centering on the core strategy of “chip + algorithm + scenario,” it will open up incremental markets for entry-level computing power, covering multiple scenarios such as intelligent driving and intelligent hardware.

Loss of 1.425 billion yuan in the 2025 period

Black Sesame Intelligence’s gross profit in 2025 was 337 million yuan, up 73.1% from 195 million yuan in the same period last year. Black Sesame Intelligence’s gross profit margin in 2025 was 41%.

Black Sesame Intelligence recorded a loss of 1.425 billion yuan during the 2025 period, compared with a profit of 313 million yuan in the same period last year; the adjusted net loss was 1.076 billion yuan, narrowing by 17.5% from the adjusted net loss of 1.3 billion yuan in the same period last year.

As of today’s closing, Black Sesame Intelligence’s share price was HKD 15.13, with a market capitalization of HKD 10.3 billion.

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Lei Dijun was founded by media personality Lei Jianping. If reprinting, please state the source.