On June 12, Black Sesame Intelligence officially passed the listing hearing on the Hong Kong Stock Exchange, taking another important step towards landing in Hong Kong stocks.
As one of the major players in the domestic autonomous driving chip field, and also the first company to officially submit A-1 listing documents based on the Hong Kong Stock Exchange Rule 18C came into effect on March 31, 2023, Black Sesame Intelligent submitted its first statement to the Hong Kong Stock Exchange on June 30, 2023, aiming for the “first share of domestic autonomous driving computing chips.
” Photo source: Black Sesame Intelligence, according to the latest data set after Black Sesame Intelligence passed the hearing, from 2021 to 2023, Black Sesame Intelligence achieved revenue of 61 million yuan, 165 million yuan, and 312 million yuan respectively, of which revenue from autonomous driving products and solutions were 34 million yuan, 142 million yuan and 276 million yuan respectively, accounting for 56.
6%, 86.
0% and 88.
5% of the total revenue in the same year respectively.
The three-year net losses were 2.
357 billion yuan, 2.
754 billion yuan, and 4.
855 billion yuan respectively.
Black Sesame Intelligence pointed out that the company’s huge losses were mainly caused by excessive investment in research and development.
From 2021 to 2023, the investment in R & D of Black Sesame Intelligent was 595 million yuan, 764 million yuan and 1.
363 billion yuan respectively, accounting for 78.
7%, 69.
4% and 74.
0% of the total operating expenses in the same year respectively, and 984.
0%, 461.
8% and 436.
2% of the revenue in the same year.
As of December 31, 2023, Black Sesame Intelligent’s cumulative shipments of SoC products exceeded 152,000 units.
According to Frost Sullivan, based on the number of deliveries, it will account for 7.
2% of China’s high-computing SoC market in 2023.
As of the latest practical date, Black Sesame Intelligent has reached cooperation with more than 49 OEMs and Tier1, such as FAW Group, Dongfeng Group, Jiangqi Group, Hechuang, Yikatong Technology, Baidu, Bosch, ZF and Marelli, etc.
, and received intended orders for 23 models from 16 OEMs and Tier1.
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