黑芝麻智能：截至2025年12月31日止年度年度业绩公告

Black Sesame International Holding Limited* 2533 20251231 202512312024123120251231 (1,075,674)(130.8)(1,304,251)(275.0) * 2025AI8.2273.4%41.0%17.5% + 2025 •A100052025A1000S6 •C12002025C1200 •A20007nmFP16/FP8INT4/INT8/INT16AIA2000Nullmax——(VLA)2026 SesameX 2025SesameXAISesameXKalosAura Liora202596.3 AI 2025AIAILivis(HDR)AIAIAI5AIAI Agent AI L2-L4 2026A2000L3L4RobotaxiL4L2-L3L4A2000 2026SesameXKalosAura Liora AI 2026++IPAIAI SoCAI2T-10T(DMS)AI SoC(DV)AIAIAIoTAI2026AI 2026IP(NPU) IPSoC2026NPUA2000GPUA2000AUTOSAR50% 20252025AI 2026AI 2025123120241231 202520241231 20241231474.373.4%20251231822.3 20241231438.056.8%20251231686.9(i)(ii)L2-L3(iii)L4 2024123136.37.9%2025123139.2AI 2025123196.32025SesameX 20241231279.573.6%20251231485.2 20241231274.256.8%20251231429.8 202412315.312.4%202512316.0 2025123149.4SesameX 20241231194.773.1%20251231337.1202412312025123137.4%202412312025123185.4%84.7%2025123148.7%202412312025123141.1%41.0% 20241231202512311,435.21,417.4AI 20241231120.827.2%2025123187.9 20241231368.819.1%20251231298.3 20242025123129.19.9 2024123114.72025123116.1 202412319.62025123112.1 2024123123.06.8%2025123124.6 202412312,046.620251231 20241231313.3202512311,424.7 123120252024 202512311,530.7202412311,622.9 202512311,037 201697202112312024726 202488950.8 560.7 202511(%) (i) 202521923.2053,650,000202522623.2053,650,0005,365202521826.3020252192025226 1,237.423.06724.7 (1) 2024123120251231100%61.7%63.8% 20251231202512315% 60% 2025123121SPV32.8435%19.5623%457,800,00013.3088 SPVSPV2,021.88382,021.883840.4377% SPV60% 202512312026127 20251231 20251231 202520241231 1. 20167152219613P. O. Box 31119, Grand Pavilion, Hibiscus Way, 802 West Bay Road, Grand Cayman,KY1-1205, Cayman Islands SoCSoCSoC 202488 2. 2.1 622 202512311,448,320,000985,373,000202512311,446,756,000739,892,00020251231 20251120251231 20251231 20251231 9720261197202611112027111820271119202711212027111028 3. 202520241231 (b) 202520241231 123120252024 20251231 4. 5. (a) 20184116.5%28.25%16.5%202520241231 21%8.84%202520241231 17%202520241231 25% 2022102022202515%202512202520282022122022202515%202512202520282023102023202615%202520241231201881025% 2018175%2022200% 202511202351220251231 (i) (ii)2025202412311,596.51,360.7 (b) 2025202412315,908.54,900.220262035 123120252024 6. (a) 202520241231 123120252024(1,424,700)313,315601,286263,608(2.4)1.2 2025123120251231 2024123120241231 123120252024 (1,424,700)313,315–(2,046,612) (1,424,700)(1,733,297) (2.4)(3.4) 7. 30180202520241231 3366991212 8. 202488 20241231 202411 20241231 9. 202520241231 661212 10. 202520241231 20251231 2026 20261818.8830,131,900SpreadComLimitedSpreadComInnovital Holdings LimitedInnovitalSpreadComSpreadCom28,543,00020263618.88Innovital28,543,0002,854.320261821.76538.1318.852026182026125202636 2026 20263918.8833,544,600Infini Global Master Fund20263919.29632.418.852026392026318 25% C.2.1(i)(ii)(iii) 2025123120241231 20251231 2025 www.hkexnews.hkwww.blacksesame.com20251231 GEMC32024731202512315710.0001 % 2026331 (i)(ii)(iii)