Black Sesame Intelligence (02533) issued a profit warning, expecting a net loss of no more than 800 million yuan in the mid-term.

Wisdom Finance APP News, Black Sesame Intelligence (02533) issued an announcement that despite the expected group to record revenues exceeding RMB 250 million for the six months ending June 30, 2025 (an increase of over 38% from the same period in 2024), the group expects to incur a net loss not exceeding RMB 800 million during this period, mainly due to (i) stock-based compensation expenses of not less than RMB 200 million arising from rewards granted by the group's employees; (ii) efforts and expenses incurred by the group in the research and development of advanced driver assistance and solutions; and (iii) a decrease in fair value gains on financial instruments issued to investors, as preferred shares have been converted to common shares after the listing of the company's shares on The Stock Exchange of Hong Kong Limited.