Black Sesame Intelligence expects to turn losses into profits in 2024

Black Sesame Smart International Holdings Limited released its performance forecast, with revenue of 450 million to 500 million yuan in 2024, an increase of 44% to 60% over the same period last year, and a net profit of more than 100 million yuan, turning losses into profits. First, Black Sesame Smart continues to export chips and solutions and other products to automakers and Tier 1 suppliers such as BYD, Dongfeng, and Geely, and the number of them used in mass-produced models has steadily increased. Second, the expansion and development of Black Sesame Smart's product line has led to an increase in market penetration in the commercial vehicle field. In addition, Black Sesame Smart stated that the release of relevant government policies also included factors such as the increase in Black Sesame Smart's revenue in areas such as "vehicle-road-cloud integration."