Changes in Hong Kong stocks | Black Sesame Smart (02533) rose nearly 11% in the afternoon. The company is in the midst of high investment and rapid growth, and the future of the chip business can be expected

The Zhitong Finance App learned that Black Sesame Smart (02533) rose nearly 11% in the afternoon. As of press release, it had risen 10.91% to HK$24.9, with a turnover of HK$1,252,600.

Zhongtai Securities released a research report stating that it first gave Black Sesame Intelligence an “increase in weight” rating. Considering that the company has achieved mass production of chips such as the A1000 and has a number of designated partner models, mastered the first-mover advantage and launched the C1200, the first cross-domain computing chip in China, the chip business prospects are promising; and the company has a self-developed IP core, tool chain and other supporting ecosystem, which has advantages in terms of independence and breadth of adaptability, the company is currently in a period of rapid growth with high investment, which can give a certain valuation premium.

According to public information, Black Sesame Intelligence is a Tier 2 chip supplier that provides automotive-grade computing SoC and SoC-based smart car solutions. In terms of product structure, the company has two automotive-grade SoC series — the Huashan series and the Wudang series, exploring high computing power and new cross-domain opportunities. As of December 31, 2023, the total shipment volume of the flagship A1000 series SoC exceeded 152,000 pieces.