SENSETIME-W(00020) released its interim performance report, with a year-on-year increase in revenue of 35.6% to reach 2.358 billion yuan.

SENSETIME-W (00020) released its interim performance for the six months ending on June 30, 2025. The group achieved revenue of 2.358 billion yuan (same unit), an increase of 35.6% year-on-year; gross profit of 908 million yuan, an increase of 18.4% year-on-year; adjusted net loss of 1.162 billion yuan, a decrease of 50% year-on-year; and a loss per share of 0.04 yuan. In the first half of 2025, the group's revenue increased by 35.6% year-on-year to 23.58 billion yuan. The revenue from generative AI reached 1.8155 billion yuan, an increase of 72.7% year-on-year, with its proportion in the group's revenue increasing from 60.4% in the first half of 2024 and 63.7% in the 2024 fiscal year to 77.0%, reflecting the accelerating structural shift of industry demand towards production-level applications. The group's gross profit was 908 million yuan, with a gross profit margin of 38.5%. Trade receivables reached 3.159 billion yuan, an increase of 95.5% year-on-year, indicating a significant acceleration in sales and delivery efficiency. With the joint efforts of model performance iteration and computing efficiency improvement, revenue quality remains robust. The adjusted net loss decreased significantly both year-on-year and quarter-on-quarter, narrowing to 1.162 billion yuan in the first half of 2025, a decrease of 50.0% year-on-year, validating the operational path of "focus on core areas - optimize structure - enhance efficiency". As of June 30, 2025, the group's cash reserves were 13.158 billion yuan, providing sufficient guarantee for continued investment in large model infrastructure, industrial applications, and ecosystem development.