Black Sesame International Holding Limited Issues Profit Alert: Robust Revenue Growth but Net Loss Remains Stable for H1 2026
Key Highlights for Investors:
- Substantial Revenue Growth: Black Sesame International Holding Limited (“the Company”) has announced that, based on preliminary unaudited management accounts, the Group expects to record revenue of no less than RMB 458 million for the six months ended June 30, 2026. This represents an impressive growth of at least 81.1% compared to the same period in 2025.
- Stable Net Loss: Despite the significant revenue increase, the Group anticipates a net loss in the range of RMB 720 million to RMB 820 million, which is relatively stable compared to the net loss of approximately RMB 762 million recorded in the same period last year.
Main Factors Driving Results
- Strong Robotics Business Performance: The sharp revenue growth is primarily due to a substantial increase in the robotics business. The Company has accelerated its rollout of robotics-related solutions, modules, and chips. Notably, Black Sesame has established itself as a long-term partner with leading domestic robotics manufacturers, resulting in a significant rise in revenue contribution from this segment.
- Advanced Assisted Driving Solutions: The Company continued its large-scale mass production and delivery of advanced assisted driving solutions for the passenger vehicle market. This has led to faster progress towards new vehicle designations and mass production with leading Original Equipment Manufacturers (OEMs).
- Commercial & Special Vehicle Sector Growth: The penetration rates of L2-L3 assisted driving in the commercial and special vehicle sectors have experienced significant growth year-on-year, aided by new regulatory implementations. The Group now substantially covers leading manufacturers in these sectors.
Reasons for Continued Net Loss
- Increased Investment in R&D: The net loss is attributed mainly to higher expenses related to substantial investments in computing power, artificial intelligence, and related fields. There is notable increased R&D expenditure, particularly in large-model algorithms and automotive-grade chips, which is essential for maintaining competitiveness but weighs on short-term profitability.
Important Information for Shareholders
- Interim Results Awaited: The financial results outlined are preliminary, based on unaudited accounts and information currently available. The interim results are being finalized, and the information has not yet been reviewed by the Company’s independent auditor or audit committee. Final results will be published before the end of August 2026.
- Potential Share Price Impact: The combination of exceptional revenue growth and a stable net loss position—despite higher R&D investments—signals strong business momentum but also ongoing investment needs. This could have a significant impact on investor sentiment and the Company’s share price, especially as rapid revenue growth may be seen as a positive indicator for future profitability.
- Caution Advised: Investors and shareholders are urged to exercise caution when dealing in the Company’s securities until the finalized results are released.
Company Leadership
The Board is chaired by Mr. SHAN Jizhang (Chairman, Executive Director, and CEO), and includes both executive and independent non-executive directors.
Disclaimer: This article is based on preliminary information disclosed by Black Sesame International Holding Limited as of July 30, 2026. The figures and assessments are subject to change upon finalization of the Company’s interim results and have not been audited or confirmed by the Company’s auditor or audit committee. Investors should exercise caution and consult the official interim results announcement for the most accurate and up-to-date financial information.
黑芝麻國際控股有限公司發佈盈利警告：收入強勁增長，虧損維持穩定
投資者重點：
- 收入大幅增長： 黑芝麻國際控股有限公司（「公司」）根據初步未經審核的管理賬目公告，預期截至2026年6月30日止六個月的集團收入不少於人民幣4.58億元，按年增長不少於81.1%，表現十分突出。
- 虧損維持穩定： 儘管收入大幅增長，集團預計期內錄得淨虧損約人民幣7.2億元至8.2億元，與去年同期淨虧損約7.62億元相若，反映公司正處於高速擴張階段。
業績推動因素
- 機器人業務表現強勁： 收入增長主要來自機器人相關方案、模組及晶片的加速推廣，集團已成為國內領先機器人製造商的長期合作夥伴，帶來收入大幅提升。
- 高級輔助駕駛方案： 乘用車市場的大規模量產及交付高級輔助駕駛方案，促使集團在領先車企的新車型定點及量產進度加快。
- 商用及特種車輛市場滲透率提升： 隨著相關監管措施落地，L2–L3級自動駕駛於商用及特種車輛市場的滲透率按年大幅提升，集團已基本覆蓋行業領先製造商。
虧損持續原因
- 研發投入增加： 虧損主要由於計算力、人工智能等領域投入增加，相關開支上升，以及集團在大模型算法及車規級晶片等領域持續加大研發投資，以保持市場競爭力。
股東需注意事項
- 中期業績待定： 目前披露的財務數據為初步未經審核，具體業績仍在最終結算，尚未經審計委員會及核數師確認。最終中期業績將於2026年8月底前公佈。
- 潛在股價影響： 收入急速增長但虧損持續，反映公司業務快速擴展及前期投入增加，或會影響投資者情緒及公司股價表現，市場或關注何時能實現盈利。
- 謹慎投資： 公司呼籲股東及潛在投資者在最終業績公佈前，審慎處理股份買賣。
公司管理層
董事會由單志剛先生（主席、執行董事及行政總裁）領導，並包括執行董事及多位獨立非執行董事。
免責聲明： 本文根據黑芝麻國際控股有限公司2026年7月30日公佈的初步資料撰寫，內容及數據或會於公司最終中期業績公佈時作出修訂，未經公司核數師或審計委員會審核。投資者應謹慎參考，並以公司正式公佈為準。
