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Black Sesame International Holding Limited
(2533)
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Rating:40Underperform
Price Target:
HK$11.00
▼(-44.39% Downside)
Action:Downgraded
Date:06/25/26
The score is primarily held down by weak financial quality: persistent operating cash burn and a return to large losses in 2025 outweigh strong revenue growth and recent balance-sheet improvement. Technicals also detract, with the stock in a clear downtrend versus major moving averages and negative MACD, despite oversold readings. Valuation is difficult to support due to negative earnings and no provided dividend yield.
Positive Factors
Revenue Growth & Scale
Sustained double-digit revenue gains across 2024–2025 and rising gross profit dollars indicate durable demand and improving unit economics. Over a multi-quarter horizon this supports scale-driven cost absorption, potential margin recovery, and stronger reinvestment capacity into R&D and production.
Negative Factors
Persistent Negative Cash Flow
Consistent operating and free cash outflows signal ongoing cash burn and reliance on external financing. Over a 2–6 month to multi-quarter horizon this constrains strategic flexibility, increases refinancing and dilution risk, and limits the firm's ability to self-fund capex or R&D without raising capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth & Scale
Sustained double-digit revenue gains across 2024–2025 and rising gross profit dollars indicate durable demand and improving unit economics. Over a multi-quarter horizon this supports scale-driven cost absorption, potential margin recovery, and stronger reinvestment capacity into R&D and production.
Read all positive factors
Black Sesame International Holding Limited (2533) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$7.14B
Dividend YieldN/A
Average Volume (3M)13.69M
Price to Earnings (P/E)―
Beta (1Y)1.52
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees1,037
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-3.04
Shares Outstanding714,305,800
10 Day Avg. Volume14,554,165
30 Day Avg. Volume13,692,251
Financial Highlights & Ratios
PEG Ratio0.31
Price to Book (P/B)8.98
Price to Sales (P/S)12.66
P/FCF Ratio-10.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$23.52Price Target Upside18.92% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)-1.66
Revenue Forecast (FY)HK$1.44B
Black Sesame International Holding Limited Business Overview & Revenue Model
Company Description
Black Sesame International Holding Limited, an investment holding company, provides autonomous driving system on chip (SoC) and SoC based solutions. The company's automotive-grade SoCs includes the Huashan series automotive grade high computing po...
Black Sesame International Holding Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
41
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 547.00M | 822.33M | 474.25M | 312.39M | 165.44M | 60.50M |
| Gross Profit | 167.33M | 337.09M | 194.71M | 77.14M | 48.63M | 21.87M |
| EBITDA | -1.61B | -1.29B | 441.35M | -4.77B | -2.70B | -2.33B |
| Net Income | -1.55B | -1.39B | 313.31M | -4.86B | -2.75B | -2.36B |
Balance Sheet | ||||||
| Total Assets | 2.83B | 2.65B | 2.32B | 1.92B | 2.15B | 1.76B |
| Cash, Cash Equivalents and Short-Term Investments | 2.11B | 1.53B | 1.62B | 1.31B | 1.69B | 1.55B |
| Total Debt | 679.18M | 778.91M | 722.40M | 12.64B | 82.63M | 163.72M |
| Total Liabilities | 1.13B | 1.49B | 1.22B | 13.01B | 8.66B | 5.43B |
| Stockholders Equity | 1.70B | 1.16B | 1.09B | -11.09B | -6.51B | -3.66B |
Cash Flow | ||||||
| Free Cash Flow | -1.21B | -1.03B | -1.25B | -1.19B | -825.75M | -673.13M |
| Operating Cash Flow | -1.17B | -982.07M | -1.19B | -1.06B | -754.67M | -639.32M |
| Investing Cash Flow | -237.24M | -174.96M | -223.01M | 546.70M | -732.80M | -31.82M |
| Financing Cash Flow | 2.45B | 1.19B | 1.55B | 809.13M | 804.17M | 2.00B |
Black Sesame International Holding Limited Technical Analysis
Negative
19.78
Price Trends
15.64
Negative
17.05
Negative
18.90
Negative
Market Momentum
-1.35
Positive
19.84
Positive
5.57
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2533, the sentiment is Negative. The current price of 19.78 is above the 20-day moving average (MA) of 13.29, above the 50-day MA of 15.64, and above the 200-day MA of 18.90, indicating a bearish trend. The MACD of -1.35 indicates Positive momentum. The RSI at 19.84 is Positive, neither overbought nor oversold. The STOCH value of 5.57 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2533.
Black Sesame International Holding Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | HK$2.05B | 12.59 | 6.65% | 6.98% | -7.14% | -59.92% | |
55 Neutral | HK$786.79M | 25.11 | 4.98% | ― | -17.88% | -60.44% | |
53 Neutral | HK$403.89B | 664.33 | 1.09% | 0.23% | 22.26% | 171.99% | |
52 Neutral | HK$47.98B | 234.06 | 3.97% | 0.20% | 17.21% | -54.17% | |
46 Neutral | HK$221.38M | -2.63 | -88.50% | ― | ― | ― | |
40 Underperform | HK$7.14B | -4.40 | -81.95% | ― | ― | ― |
* Technology Sector Average
HK:2533
Black Sesame International Holding Limited
11.02
-7.20
-39.52%
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Shanghai Fudan Microelectronics Group Co
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0.32
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Hua Hong Semiconductor Ltd.
204.20
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Contel Technology Company Limited
1.70
0.92
117.95%
HK:0085
China Electronics Huada Technology Company Limited
1.03
-0.27
-20.77%
Black Sesame International Holding Limited Corporate Events
Black Sesame International Secures Shareholder Approval for Equity Transfer and Capital Increase Deals
Jun 17, 2026
Black Sesame International Holding Limited announced that shareholders have approved an ordinary resolution at an extraordinary general meeting held in Wuhan on June 17, 2026. The meeting endorsed a set of key agreements involving an equity transf...
Black Sesame International Sets 2026 AGM, Seeks Share Buyback and Board Re-elections
Jun 5, 2026
Black Sesame International Holding Limited has called its annual general meeting for June 29, 2026 in Wuhan, where shareholders will review the audited financial statements for the year ended December 31, 2025 and receive reports from the board an...
Black Sesame Calls EGM to Approve Strategic Acquisition and Capital Injection in Zhuhai Eeasy Technology
Jun 2, 2026
Black Sesame International Holding Limited has called an extraordinary general meeting for June 17, 2026, in Wuhan, where shareholders will vote on approving an equity transfer agreement for the acquisition of Zhuhai Eeasy Technology Co., Ltd. fro...
Black Sesame International Sets June EGM, Closes Register for Acquisition Vote
May 29, 2026
Black Sesame International Holding Limited has called an extraordinary general meeting for June 17, 2026, to seek shareholder approval on matters related to a previously announced acquisition. The company will close its register of members from Ju...
Black Sesame International moves to modernise governance with new electronic-friendly constitution
May 29, 2026
Black Sesame International Holding Limited, a Cayman Islands-incorporated issuer listed in Hong Kong, is overseen by a board that includes executive, non-executive and independent non-executive directors, in line with standard corporate governance...
Black Sesame Raises HK$632 Million via Share Subscription to Boost AI and Robotics Push
May 8, 2026
Black Sesame International Holding Limited has completed a subscription of 33,544,600 new shares under its general mandate at HK$18.88 per share, representing about 4.71% of its enlarged share capital and bringing total issued shares to 712,806,23...
Black Sesame International Accelerates Intelligent Driving Chip Rollout Amid Strong 2025 Revenue Growth
Mar 31, 2026
Black Sesame International reported full-year 2025 revenue of RMB 822.3 million, a 73.4% increase from 2024, with its gross profit margin holding steady at about 41%. Despite swinging to a net loss of RMB 1.42 billion, the company narrowed its adj...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.