SenseTime Group (20) investor relations material

Executive summary

• Revenue grew 36% year-over-year to RMB 2,358 million in 2025 H1, driven by a 72.7% surge in Generative AI, which now accounts for 77% of total revenue.

• Gross profit was RMB 908 million, with gross margin at 39%, though some sources note a decline to 38.5% due to higher hardware and AIDC costs.

• Adjusted net loss narrowed by 50% year-over-year to RMB 1,162 million, while net loss narrowed by 39.9% to RMB 1,489.3 million.

• Maintained leadership in multimodal large models and computer vision, with a strategic focus on the "1+X" framework and continued investment in foundational models.

• Enhanced operational efficiency, improved receivables collection, and reduced operating expenses for the third consecutive half-year of narrowing losses.

Financial highlights

• Group revenue reached RMB 2,358 million, up 36% year-over-year for 2025 H1.

• Gross profit was RMB 908 million, with gross margin at 39% (some sources report 38.5%).

• Adjusted net loss narrowed by 50% year-over-year to RMB 1,162 million.

• Adjusted EBITDA loss reduced by 72.5% year-over-year to RMB 520.6 million.

• Trade receivables collection improved by 95.5% year-over-year.

Outlook and guidance

• Plans to maintain a leading position in generative AI and multimodal large models, with deep integration into business scenarios and a strategic emphasis on sustainable, responsible AI.

• Aims to solidify top industry position in computer vision and optimize profit margins and cash flow.

• Intends to drive "X" businesses to leadership in verticals and accelerate commercial closed-loops in key fields.

• Strategic focus on the “1+X” model and leveraging policy tailwinds from China’s “AI+” initiative.

• No interim dividend declared for H1 2025.