Core Viewpoint - *ST Yinjian announced the removal of delisting risk warning and some other risk warnings, with the stock name changing from "*ST Yinjian" to "ST Yinjian" effective May 27, 2025 [2][4] Group 1: Company Announcements - The stock will be suspended for one day on May 26, 2025, and will resume trading on May 27, 2025 [4] - The application for the removal of delisting risk warning has been approved by the Shenzhen Stock Exchange [7] Group 2: Financial Performance - In Q1 2025, *ST Yinjian reported a total revenue of 0.60 million, a year-on-year decline of 87% [9][10] - The net profit attributable to shareholders decreased by 772.16% year-on-year, amounting to -0.70 million [10] Group 3: Internal Control Issues - The company faced significant internal control issues, with the 2023 financial report receiving an audit report with no opinion from Zhongxinghua Accounting Firm due to concerns over large fund transactions and cost accuracy [6] - The controlling shareholder, Yinjian Technology Group, had non-operating fund occupation issues that were not resolved within a month, leading to additional risk warnings [6] Group 4: Resolution of Issues - As of December 30, 2024, the controlling shareholder repaid all occupied funds amounting to 197 million, along with all interest [7] - A special audit report confirmed that there were no new non-operating fund occupations as of December 31, 2024, indicating that previous issues had been resolved [7]

2022 Interim Results Briefing September 2022 2022 H1 Overview 2021 H1 2022 H1 2021 H1 2022 H1 RMB 1.4bn Revenue RMB 0.9bn (66%) Gross Profit (Margin %) RMB 1.9bn R&D Expenses2 RMB 2.6bn Adjusted Net Loss3 RMB 19.5bn Cash Resources4 Maintain Leading Market Position and Strong Commercial Resilience Implementation of AI Technology in 4 Segments Smart Life yoy: +98% 2021 H1 2022 H1 Smart Auto yoy: +71% Smart Business yoy: -12% 2021 H1 2022 H1 Smart City yoy: -45% #1 ranked by market share5 China Computer Vision ...

SenseTime Group Inc. 2022 Annual Results Presentation 2023.03 Strong Foundation for Technology Breakthrough: SenseCore + Large Models 2 RMB 3.8bn Revenue (yoy -19%） Smart Life + Smart Auto revenue yoy +108% RMB 2.5bn (67%) Gross profit (gross margin %） FY2021 Smart City 45% Smart Business 42% Smart Life 9% Smart Auto 4% FY2022 Smart City 29% Smart Business 38% Smart Life 25% Smart Auto 8% 2022 Highlights Revenue Breakdown by Business Segments Notes： 1. Data as of 31 December 2022 2. Data as of 28 March 2922 ...

SenseTime Group Inc. 2023 Interim Results Presentation TO CREATE AN AI-EMPOWERED FUTURE THROUGH INNOVATION 2023.08 Overview - 01 2 Foundation Models Lead Evolution of AI Industry in 1H 2023 Breakthroughs in SenseNova Foundation Models Generative AI Product Suite Triple-digit % growth in generative AI-related revenue RMB 1.4 billion 1H 2023 Group Revenue (yoy: +1.3%) 10.4% FY 2022 1H 2023 20.3% Generative AI-related revenue RMB 2.4 billion ( 7% ） 1H 2023 GAAP net loss2 (yoy reduced) Note: 1. Data as of 30 Ju ...

SenseTime Group Inc. 2023 Annual Results Presentation TO CREATE AN AI-EMPOWERED FUTURE THROUGH INNOVATION 2024.03 —— Explosive Growth in Generative AI Revenue in 2023 10% 2022 2023 35% Revenue Operating Computing Power 12,000P Model-as-a-Service (MaaS) Revenue Growth of Group Revenue Operating Expenses 10.6% EBITDA (loss)2 (yoy reduced) RMB 5.5bn ( 2.2%) Group Revenue (yoy -10.6%） RMB 3.4bn Receivables collection (yoy +48.5%） RMB 3.8bn Total Employee (yoy reduced) 4,500+ ( 11.1%) Note: 1. Data as of 31 Dece ...

SenseTime Group Inc. 2024 Interim Results Presentation TO CREATE A BETTER AI-EMPOWERED FUTURE THROUGH INNOVATION 2024.08.27 —— Disclaimer The information in this presentation has been prepared by representatives of SenseTime Group Inc. (the "Company", and together with its subsidiaries, the "Group") for use in presentations by the Group for information purposes. No part of this presentation should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatso ...

SenseTime Group Inc. 2024 Annual Results Presentation TO CREATE A BETTER AI-EMPOWERED FUTURE THROUGH INNOVATION 2025.03.26 —— Disclaimer The information in this presentation has been prepared by representatives of SenseTime Group Inc. (the "Company", and together with its subsidiaries, the "Group") for use in presentations by the Group for information purposes. No part of this presentation should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoe ...

Financial Performance - Revenue increased from RMB 3,405.8 million in 2023 to RMB 3,772.1 million in 2024, representing an increase of approximately 10.7%[8] - Gross profit rose from RMB 1,500.8 million in 2023 to RMB 1,619.7 million in 2024, marking an increase of about 7.9%[8] - Annual loss decreased from RMB 6,494.7 million in 2023 to RMB 4,306.6 million in 2024, a reduction of approximately 33.8%[8] - Adjusted EBITDA loss improved from RMB 4,369.0 million in 2023 to RMB 3,089.2 million in 2024, reflecting a decrease of about 29.3%[8] - In 2024, the total revenue of SenseTime Group increased by 10.8% year-on-year, reaching RMB 3,772.1 million, with generative AI revenue surpassing RMB 2,404.0 million, a year-on-year growth of 103.1%[13] - Generative AI now accounts for 63.7% of the group's total revenue, up from 34.8% in 2023, marking it as the largest revenue contributor[14] - The group's gross profit for 2024 was RMB 1,619.7 million, with a gross margin of 42.9%, while total management and sales expenses decreased by 9.1% year-on-year[13] Customer Engagement and Product Development - The company achieved a significant increase in customer willingness to pay, with order amounts growing sixfold compared to 2023[12] - Monthly user engagement increased eightfold compared to 2023, driven by enhanced user experience and product offerings[12] - The company launched the first domestic large model surpassing GPT 4-Turbo performance in April 2024, followed by a video streaming interactive model in July 2024[12] - The productivity tools based on the multi-modal model have seen a 6x year-on-year increase in customer payment willingness, represented by order amounts in 2024[24] - The user base for office and code assistant products has surpassed 1.5 million, with daily invocation exceeding 1 million times and processing over 3.5 billion tokens daily[26] Research and Development - Research and development expenses increased to RMB 4,131,884 thousand in 2024 from RMB 3,465,766 thousand in 2023, indicating a focus on innovation[40] - R&D expenses grew by 19.2% from RMB 3,465.8 million in 2023 to RMB 4,131.9 million in 2024, driven by investments in training and fine-tuning base models[45] - The company aims to achieve carbon neutrality by 2030 and has implemented measures that saved 800 MWh of electricity in 2024[34] - The company has been recognized as the first to pass the enhanced level assessment of the National Computing Power Service Capability Maturity Model (CPMM)[35] Financial Position and Cash Flow - Total assets increased from RMB 32,888.0 million in 2023 to RMB 34,599.5 million in 2024, an increase of approximately 5.2%[7] - Total liabilities rose from RMB 9,732.6 million in 2023 to RMB 10,957.8 million in 2024, an increase of about 12.6%[7] - As of December 31, 2024, the total cash reserves of the group amounted to RMB 12,752.2 million, and trade receivables increased by 19.0% year-on-year to RMB 4,623 million[13] - The net cash used in operating activities for the year ended December 31, 2024, was RMB (3,926.7) million, compared to RMB (3,234.3) million in 2023, indicating an increase in cash outflow of 21.5%[64] - The net cash generated from financing activities for the year ended December 31, 2024, was RMB 6,259.9 million, significantly higher than RMB 1,083.6 million in 2023, marking a 478.5% increase[67] Strategic Partnerships and Market Expansion - The company has established partnerships with emerging industry clients in areas such as embodied intelligence and AI for science, expanding its market reach[15] - In the smart automotive sector, the delivery of the "Zhenying" system increased by 29.2% year-on-year, with over 1.67 million new deliveries and a cumulative total exceeding 3.6 million vehicles[29] - The company signed strategic cooperation agreements with Dongfeng and Chery to deliver smart driving solutions based on the domestically produced Horizon J6 platform in Q1 2025[30] Governance and Compliance - The company held a total of 7 board meetings, 5 audit committee meetings, 2 remuneration committee meetings, 1 nomination committee meeting, and 3 corporate governance committee meetings during the reporting period[99] - The audit committee held 5 meetings during the reporting period to discuss audit and financial reporting matters with the auditors[106] - The corporate governance committee conducted 3 meetings to review and monitor the company's governance policies and compliance with legal and regulatory requirements[110] - The company has established a whistleblowing mechanism to encourage internal reporting of suspicious activities, with no significant fraud or misconduct events affecting the financial statements for the year ending December 31, 2024[134] Shareholder Engagement and Dividends - The company encourages shareholders to participate in annual general meetings and provides at least 21 days' notice for such meetings[141] - The company did not recommend the distribution of a final dividend for the year ending December 31, 2024, considering the long-term interests of shareholders[156] - The company maintains a website for regular updates and communication with shareholders, including financial reports and announcements[143] Risk Management - The company has established a comprehensive risk management framework to identify and manage compliance risks, ensuring operations comply with applicable laws and regulations[129] - The company has implemented a series of internal procedures to manage operational risks, aiming to control potential losses through identification, measurement, monitoring, and control of these risks[127] - The audit committee has reviewed the company's risk management and internal control systems, deeming them effective and sufficient[136]

Investment Rating - The investment rating for the company is "Outperform the Market" [2] Core Insights - The company has achieved over 100% growth in its generative AI business, which has become its largest revenue source, accounting for 63.7% of total revenue in 2024 [6][8] - The company completed a restructuring of its "1+X" organizational framework, focusing resources on core businesses, particularly generative AI and visual AI [6] - The company is set to release its new model, "Riri Xin 6.0," in Q2 2025, which is expected to significantly enhance multimodal understanding and interaction capabilities [6] - The company maintains a leading position in the visual AI market, with a customer repurchase rate increase of 31 percentage points in 2024 [8] - The company has made significant advancements in its autonomous driving business, with over 1.1 million new designated vehicles added in 2024 [8] Financial Data and Forecast - Revenue is projected to grow from 34.06 billion CNY in 2023 to 73.97 billion CNY by 2027, with a year-on-year growth rate of 27% in 2027 [6][9] - The net profit is expected to improve from a loss of 6.44 billion CNY in 2023 to a profit of 305 million CNY by 2027, reflecting a significant turnaround [6][9] - The gross margin is forecasted to increase from 44.07% in 2023 to 57.82% in 2027 [6][9] - The company’s return on equity (ROE) is expected to turn positive by 2026, reaching 1.33% in 2027 [6][9] Market Performance - The company's stock closed at 1.47 HKD on April 1, 2025, with a market capitalization of 54.401 billion HKD [2] - The stock has experienced a 52-week price range of 0.58 to 2.35 HKD [2] Valuation - The company is assigned a price-to-sales (P/S) ratio of 16-20 times for 2025, indicating a fair value range of 2.15 to 2.69 HKD per share [6][9]

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Insights - The company reported a revenue of 3.772 billion CNY for 2024, representing a year-on-year growth of 10.8%, while the net profit attributable to shareholders was a loss of 4.278 billion CNY, narrowing from a loss of 6.440 billion CNY in the previous year [4][6] - The growth in generative AI revenue was 103.1% year-on-year, slightly exceeding the previous expectation of 100%, while traditional AI revenue declined by 39.5% [6] - The company is transitioning successfully to generative AI, with this segment accounting for 63.7% of total revenue [6] - The company is expected to release version 6.0 of its generative AI model in Q2 2025, focusing on enhancing multimodal understanding and interaction capabilities [6] Financial Data and Profit Forecast - The company forecasts revenues of 5.138 billion CNY for 2025, with a year-on-year growth rate of 36% [5] - The adjusted net loss for 2025 is projected to be 3.540 billion CNY, with a gradual reduction in losses expected in subsequent years [5][7] - The company maintains a high R&D investment, with R&D expenses accounting for 109.5% of sales in 2024 [6]