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