Core Viewpoint - SenseTime reported a revenue increase of 10.8% year-on-year for 2024, driven primarily by the growth in generative AI, which saw a remarkable 103.1% increase, making it the company's largest business segment [2][5]. Financial Performance - Total revenue for 2024 reached 3.77 billion RMB, compared to 3.41 billion RMB in 2023, marking a 10.8% increase [4]. - The net loss narrowed to 4.31 billion RMB, a 33.7% improvement from the previous year's loss of 6.49 billion RMB [4]. - Gross profit was 1.62 billion RMB, with a gross margin of 42.9%, down from 44.1% in 2023 [4]. Business Segments - Generative AI revenue surged to 2.40 billion RMB, accounting for 63.7% of total revenue, up from 1.18 billion RMB (34.8%) in 2023 [8]. - The smart automotive segment generated 256 million RMB, a decline of 33.2% year-on-year, attributed to a shift in strategic focus [6]. - Visual AI revenue fell to 1.11 billion RMB, down 39.5%, as the company concentrated on high-quality clients and introduced generative AI capabilities [7]. Strategic Focus - The company is committed to a "1+X" organizational restructuring to enhance focus on core businesses, particularly generative AI and visual AI, while fostering vertical ecosystem enterprises [9]. - CEO Xu Li emphasized the goal of reducing the costs of large model training and inference by at least an order of magnitude annually, preparing for a surge in large model applications [9][11]. - SenseTime plans to leverage its accumulated resources in computer vision and multimodal reasoning to develop innovative applications for future AI agents [10]. Future Developments - The company will hold a technology day on April 10 to officially upgrade its "日日新" large model to version 6.0 [12]. - SenseTime aims to activate the potential of its ecosystem enterprises, focusing on specific market demands and sharing infrastructure and model development results [11].
商汤去年营收增一成，徐立：目标大模型训练与推理成本每年至少下降一个数量级
Peng Pai Xin Wen·2025-03-27 00:41