---
title: "Brief News: AI investment and share-based payments drag BLACK SESAME into a loss of 1.48 billion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278336716.md"
description: "BLACK SESAME International Holdings Limited expects revenue to exceed 800 million yuan in 2025, with a year-on-year growth of 68.7%. However, a net loss is expected to reach 1.48 billion yuan, with operating losses not exceeding 1.5 billion yuan. Revenue growth is mainly attributed to the improvement in advanced driver assistance and robotics business. However, ongoing investments in AI research and development and share-based payment expenses will lead to increased losses. The company's stock price rose to HKD 19.41 on Friday, an increase of 2.16%"
datetime: "2026-03-09T06:10:53.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278336716.md)
  - [en](https://longbridge.com/en/news/278336716.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278336716.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/278336716.md) | [繁體中文](https://longbridge.com/zh-HK/news/278336716.md)


# Brief News: AI investment and share-based payments drag BLACK SESAME into a loss of 1.48 billion

The autonomous driving chip manufacturer **BLACK SESAME International Holdings Limited** (2533.HK) announced on Thursday that it expects revenue to exceed 800 million yuan (116 million USD) in 2025, representing a year-on-year growth of over 68.7%. The net loss is expected to be no more than 1.48 billion yuan (214 million USD), compared to a profit of 313 million yuan in 2024. The operating loss is expected to be no more than 1.5 billion yuan, narrowing by at least 14.4% compared to the previous year.

The company stated that the significant revenue growth is mainly driven by multiple business segments, including the continuous expansion of mass production scale for advanced driver assistance systems (ADAS) and related solutions in the passenger car market, as well as bulk shipments in the L2 to L3 commercial vehicle sector and L4 autonomous driving scenarios such as unmanned logistics. Additionally, the company's robotics business has also recorded significant revenue growth, becoming an important factor in driving overall revenue increase.

However, the company expects to still record substantial losses, primarily due to ongoing increased investment in research and development in the fields of artificial intelligence and computing power. Furthermore, the issuance of stock awards to employees will incur at least 300 million yuan in share-based payment expenses, and the conversion of preferred shares to common shares post-IPO has led to a decrease in the fair value gains from financial instruments issued to investors. The narrowing of operating losses is mainly attributed to growth in the robotics business, improved gross margins for advanced driver assistance products, and a decrease in operating costs.

The company's stock price opened higher on Friday, reporting HKD 19.41 at noon, up 2.16%.

_Li Shida_

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