Market Insight | BLACK SESAME Intelligence Surges Over 5% Again Recently, Reaches Strategic Cooperation on Smart Driving with Zebra Zhixing, Overall Gross Profit Soars in the First Half of the Year

BLACK SESAME Intelligent rose by over 5%, as of the time of publication, it rose by 4.23% to HKD 23.4, with a turnover of HKD 257.385 million. On the news front, BLACK SESAME announced a strategic cooperation with Pony.ai at the recent Alibaba Cloud Computing Conference. Both parties will collaborate based on BLACK SESAME's Wudang C1200 family of chips, extending to the field of intelligent cockpit OS, and will deepen cooperation around intelligent cockpits and large-scale model applications. Previously, BLACK SESAME released its semi-annual performance report, with the overall gross profit in the first half of the year increasing by 365.3% to RMB 901 million. Among them, the gross profit margin of the company's autonomous driving products and solutions increased from 12.9% in the six months ended June 30, 2023, to 47.2% in the six months ended June 30, 2024. This was due to the company's autonomous driving algorithms integrated into SoC-based solutions being perfected and validated in the commercial production process, allowing customers to choose solutions with fewer hardware components according to their needs