HK Stock Market Move | SENSETIME-W (00020) rose nearly 3%, and its AI generation business has become the core growth engine. Goldman Sachs believes that the company will be able to seize the opportunity to monetize AI in the future.

SENSETIME-W (00020) rose nearly 3%, as of the time of this report, it rose 2.94% to HK $2.45, with a trading volume of HK $823 million. Goldman Sachs issued a research report stating that SENSETIME-W management has a positive attitude towards the company's expansion into multi-modal basic models, which can improve cost efficiency and help capture more opportunities for terminal applications. As a leading local generative AI software company, SENSETIME-W has its own AI basic model SenseNova and AI infrastructure, laying a solid foundation for its growth. The bank expects SENSETIME-W's generative AI revenue to continue to grow, driven by the company's wide product coverage and customized solutions for specific industries, enabling it to seize AI monetization opportunities. China Galaxy Securities pointed out that as one of the top three in the Chinese multimodal application market, SENSETIME-W has built a full-stack service system covering AI infrastructure, multimodal large models, and industry-customized applications. By the first half of 2025, the revenue proportion of generative AI business is expected to soar to 77% for the group, becoming the core growth engine. The bank predicts that the compound annual growth rate of SENSETIME-W's revenue for the 2024-2027 financial years will reach 30%, increasing from 3.8 billion RMB to 8.3 billion RMB, with the potential for profit in 2027.