Ge Long Hui·2025-09-09 04:37Group 1 - The core viewpoint of the report indicates that SenseTime's performance improved in the first half of the year, with a significant reduction in losses and improved cash flow year-on-year [1] - Revenue from generative AI business increased by 72.7% year-on-year, reflecting the effectiveness of the 1+X strategy in expanding business growth boundaries [1] - The target price has been raised to HKD 2.62 based on a projected price-to-sales ratio of 20 times for this year, maintaining a "Buy" rating [1] Group 2 - The report anticipates that by 2025, the combination of artificial intelligence and policy catalysts will lead to significant growth in the company's visual and X businesses [1] - There is a positive outlook on the company's long-term development prospects, with generative AI expected to be a major driver of growth [1]