Black Sesame Smart (02533) Fa Ying Guang expects a net loss of no more than 800 million yuan in the medium term

Zhitong Finance App News, Black Sesame Intelligence (02533) announced that although the Group is expected to record more than RMB 250 million in revenue for the six months ending June 30, 2025 (an increase of more than 38% over the same period in 2024), the Group expects to record a net loss of no more than RMB 800 million during this period, mainly due to (i) share-based compensation expenses of not less than RMB 200 million due to rewards granted to Group employees; (ii) the Group's efforts and expenses in developing advanced assisted driving and solutions; and ( iii) Decrease in fair value returns on financial instruments issued to investors because preferred shares were converted to common shares after the company's shares were listed on the Hong Kong Stock Exchange Limited.