Black Sesame Technologies (02533.HK) Hot Stock Analysis Report

Black Sesame Technologies (02533.HK) has recently become a hot stock, driven mainly by two key catalysts: First, on December 24, 2025, China Post Securities maintained a “Buy” rating and noted that the company is deeply collaborating with Zhichi Zhiyuan to develop optical communication modules for automotive ADAS and robotic embodied intelligence to meet high data volume and low-latency transmission requirements [1]; Second, the company was awarded as a leading enterprise in the automotive intelligent computing chip sector on the “2025 EDGE AWARDS Annual AI Innovation List”, enhancing market recognition [2].

According to market data [0], as of December 30, 2025, the company’s stock price closed at $19.41, rising 3.13% on the day, with an intraday fluctuation range of $18.79-$19.49. Over the past 5 days, the stock price has slightly corrected (-1.17%), fluctuating between $18.71 and $20.44. The daily trading volume was 3.15 million shares, lower than the 3-month average (11.77 million shares), indicating a slight decrease in market participation.

Analysts generally give a “Buy” rating, with an average target price of HKD24.63, implying an upside potential of 29.56% [3]. Investors mainly focus on the company’s product development progress in high-growth areas such as ADAS and embodied intelligence, which are regarded as core directions for future technological development.

• Synergies from Technology Layout
  : The collaboration with Zhichi Zhiyuan will enhance the company’s technical capabilities in the optical communication module sector. Combined with its advantages in automotive intelligent computing chips, it is expected to form industrial synergies and improve market competitiveness.
• Long-term Value from Industry Recognition
  : Being selected into the “2025 EDGE AWARDS Annual AI Innovation List” reflects the industry’s recognition of the company’s technical strength, laying a foundation for its long-term development in the automotive intelligent chip sector.

• Sustained Loss Risk
  : The company’s TTM net profit margin is -284.06%, indicating a state of sustained losses [0]. If profitability cannot be achieved soon, it will put pressure on the company’s long-term development.
• High Valuation Risk
  : The price-to-book ratio (P/B) is 6.03x, which is relatively high for a loss-making company [0], leading to potential valuation correction pressure.
• Industry Competition Risk
  : The semiconductor industry has rapid technological updates and fierce competition. The company needs to continue investing in R&D to maintain technological leadership.

• Growth of ADAS and Embodied Intelligence Markets
  : With the development of automotive intelligence and robotics technology, demand in related markets will continue to grow, providing broad market space for the company.
• Development Potential from Technical Cooperation
  : The strategic cooperation with Zhichi Zhiyuan provides opportunities for the company to expand into new business areas, which is expected to drive revenue growth.

• Black Sesame Technologies (02533.HK) became a hot stock due to its strategic cooperation with Zhichi Zhiyuan and analysts maintaining a “Buy” rating
• As of December 30, 2025, the stock price was $19.41, up 3.13% on the day, with trading volume below the average level
• Analysts’ average target price is HKD24.63, implying an upside potential of 29.56%
• The company faces risks of sustained losses and high valuation, but benefits from opportunities in the growth of ADAS and embodied intelligence markets