Hong Kong Stock Hot Pick Analysis: Black Sesame Intelligent (02533.HK) Rises Driven by Collaborations

Black Sesame Intelligent (02533.HK) has recently become a hot stock in Hong Kong, mainly driven by two strategic cooperation agreements [1][2]. On November 18, 2025, the company collaborated with Jiangsu Zhichi Zhiyuan in areas such as optical communication technology for automotive and embodied intelligent terminals, and assisted driving; on November 21, it joined hands with Joyson Electronics to promote independent innovation in the robot industry. Meanwhile, the growth of the intelligent automotive market and national policy support [0] provide development opportunities for the automotive chip sector where the company operates.

From the perspective of price and trading volume, the company’s stock price rose from HK$18.50 on November 27 to HK$19.77 on December 1, with an increase of 6.86% over 5 trading days [3]. The trading volume during the same period increased compared to the first half of November, indicating rising market attention. In terms of technical form, the stock price rebounded after a “death cross” appeared on November 14, forming an upward trend [2].

1. Diversified Collaboration Layout
   : The company expands its business boundaries and reduces dependence on a single market through collaborations with enterprises in the intelligent automotive and robot sectors.
2. Warming Market Sentiment
   : Although the expected loss in the first half of the year does not exceed RMB 800 million [2], the revenue increased by 40.4% year-on-year to RMB 253 million [2], showing business growth potential.
3. Industry Competitive Landscape
   : The company faces competition from international giants such as Qualcomm and NVIDIA [5], but national policy support provides development space for local enterprises.

• Risks
  : The company is still in a state of loss, with unclear profit prospects [2]; the intelligent automotive chip industry has rapid technological updates and fierce competition [0].
• Opportunities
  : The growth of the intelligent automotive market drives chip demand [0]; collaborations with leading industry enterprises enhance technical strength and market share.

Black Sesame Intelligent (02533.HK) has recently seen its stock price rise due to strategic cooperation agreements. The company has development potential in the intelligent automotive chip sector, but faces profit and competitive risks. Investors should pay attention to the support level of HK$18.50 and resistance level of HK$20.10 [2], and make decisions based on industry dynamics and changes in the company’s fundamentals.