On February 18, Black Sesame Intelligent, hailed as the "first autonomous driving chip stock" listed in Hong Kong, saw its shares surging over 5%. The company projected its full-year revenue for 2024 to grow by up to 60% year-on-year, while achieving a turnaround from loss to profit in net income.

According to an official announcement, Black Sesame Intelligent expects to record 2024 revenue between RMB 450 million and RMB 500 million, representing a year-on-year increase of 44% to 60%. Additionally, the company forecasts net profit attributable to equity holders of no less than RMB 100 million for 2024, compared to a net loss of approximately RMB 4.855 billion in 2023.

The company attributed its anticipated growth primarily to increased revenue from autonomous driving products and solutions. This stems from expanding supplies of chips and solutions to leading domestic automotive OEMs and Tier 1 suppliers, coupled with growing adoption in mass-produced vehicle models. Enhanced market penetration in commercial vehicles through product line expansion and development further contributed to the growth. Moreover, revenue from vehicle-infrastructure-cloud integration sectors saw a boost driven by supportive government policies.