Hong Kong Stock Hot Pick: Analysis of Black Sesame Intelligent (02533.HK)

Black Sesame Intelligent (02533.HK) is a leading domestic supplier of automotive-grade smart car computing chips and solutions, focusing on two core scenarios: assisted driving and embodied intelligence, and belongs to the smart car/automotive-grade chip sector [1]. Recently, this stock has become a hot target in Hong Kong stocks, with key driving factors including:

1. Analyst Rating Support
   : China Post Securities maintained a “Buy” rating on December 24, 2025, recognizing its long-term growth potential [4];
2. Industry Award Recognition
   : On December 22, 2025, it won the Gelonghui “Golden Grid Award” Annual Hong Kong Stock Connect Excellence Award, with its strategic layout recognized by the market [4];
3. Alignment with Industry Trends
   : As a scarce domestic supplier of automotive-grade high-computing-power SoCs, its business is highly aligned with the AI+automotive industry trend, ranking third globally in shipments of automotive-grade high-computing-power SoCs in 2023 [2].

In terms of price and trading volume, the closing price on December 30, 2025, was HK$19.030, a slight increase of 0.11% from the previous day, with a 52-week price range of HK$14.500 (low) to HK$43.850 (high) [3]; the trading volume on that day was 4.122 million shares, with a turnover of approximately HK$79.09 million, which is within the recent normal range [3]. In terms of financial performance, revenue grew from RMB 53 million to RMB 312 million from 2020 to 2023; in the first half of 2024, revenue was RMB 180 million and net profit was RMB 1.105 billion, a year-on-year increase of 129.63% [2].

1. Dual-track Layout Advantage
   : Covering both assisted driving and embodied intelligence core scenarios, extending smart car chip technology accumulation to the embodied intelligence field, and expected to enjoy growth dividends from both tracks;
2. Prominent Industry Position
   : Ranking third globally in shipments of automotive-grade high-computing-power SoCs, with high-barrier competitive advantages in technology and mass production capabilities;
3. Differentiated Market Sentiment
   : Institutional analysts are generally optimistic, believing that mass production advantages will drive rapid performance growth [2][4]; retail investors focus on stock price trends and opportunities to add to positions, reflecting strong market attention [4].

• AI+automotive industry continues to heat up, driving demand growth for automotive-grade chips;
• The embodied intelligence field is in its infancy, and the company’s early layout may seize first-mover advantages.

• Autonomous driving technology iteration risk: If technological progress is less than expected, it will affect product competitiveness [2];
• Intensified industry competition: The smart car chip sector is highly competitive, and market share may be compressed [2];
• Automotive industry sentiment: If overall automotive demand declines, it will directly affect product demand [2].

Black Sesame Intelligent (02533.HK), as an automotive-grade smart car computing chip supplier, has become a hot target in Hong Kong stocks due to analyst ratings, industry awards, and AI+automotive trends. The company’s financial performance has grown rapidly, and market sentiment is generally optimistic, but it needs to pay attention to risks such as technological iteration, industry competition, and automotive industry sentiment. The current stock price is HK$19.030 (closing on December 30, 2025), with 52-week high and low of HK$43.850 and HK$14.500, recent support level around HK$14.500, and resistance level around HK$20.000 [3].