On the evening of March 5, Black Sesame Technologies unveiled its performance forecast for 2025, estimating that its annual revenue will surpass RMB 800 million, which indicates a YoY growth exceeding 68.7%. The anticipated net loss is capped at RMB 1.48 billion, while operating losses are projected to stay below RMB 1.5 billion, showcasing a YoY reduction of at least 14.4%. As per the announcement, Black Sesame Technologies' substantial revenue growth is mainly due to the heightened production volume of cutting-edge intelligent driving systems, mass shipments of L2-L3 commercial vehicles and L4 autonomous logistics vehicles, as well as notable expansion in its robotics sector. The key factors contributing to the net loss encompass investments in artificial intelligence (AI) and computing power, share-based compensation expenses amounting to no less than RMB 300 million, and a decline in fair value gains from financial instruments. The YoY decrease in operating losses is primarily attributable to the swift expansion of the robotics business, enhanced gross margins for advanced driver-assistance systems and solutions, and lowered operating costs.