Core Viewpoint - SenseTime's generative AI business has shown significant growth, with revenue reaching approximately 1.816 billion yuan in the first half of the year, marking a year-on-year increase of 72.7% and accounting for 77% of total revenue [1][2] Group 1: Financial Performance - The company's revenue increased by 35.6% year-on-year, while the adjusted net loss decreased by 50% [2] - Generative AI's contribution to total revenue rose from 64% in 2024 to 77% in the first half of this year, indicating a strong focus on this segment [2] Group 2: Strategic Framework - SenseTime has adopted a "1+X" framework, where "1" represents core businesses like generative AI and computer vision (CV), and "X" includes potential high-growth businesses in vertical industries [3][5] - The "1+X" strategy aims to shift from a fragmented pricing model to a holistic delivery approach, enhancing customer experience and value [3] Group 3: Market Position and Competitive Advantage - SenseTime holds a leading position in the Chinese computer vision market with a 22.8% market share, marking its ninth consecutive year at the top [4] - The company has successfully exported CV technology to Japan, showcasing its technological leadership [4] Group 4: Future Outlook - The "X" businesses are expected to operate independently and may eventually seek external investment or even go public, enhancing their operational agility [5][6] - SenseTime plans to leverage its generative AI and visual AI capabilities as dual engines for growth, aiming to create sustained value for employees, customers, and shareholders [6]
“三位一体”战略成效显著 分拆业务焕发活力