Financial Performance - SenseTime Group's revenue in 2023 was RMB 3.4 billion, a 10.6% year-over-year decrease[5] - The company's EBITDA loss was reduced by 2.2% year-over-year[5] - Receivables collection increased by 48.5% year-over-year to RMB 3.8 billion[5] - Gross profit decreased from RMB 2.542 billion to RMB 1.501 billion, with gross margin declining from 66.8% to 44.1%[79] Generative AI Growth - Generative AI revenue experienced explosive growth, increasing by 200% to RMB 1.18 billion in 2023[4, 10] - Generative AI accounted for 35% of the company's revenue in 2023, compared to 10% in 2022[5, 10] Business Segments - Traditional AI revenue decreased by 41% to RMB 1.84 billion[10] - Smart Auto revenue increased by 31% to RMB 384 million[10] - Traditional AI accounted for 54% of the company's revenue in 2023, compared to 82% in 2022[10, 63] AI Infrastructure and Models - The company has 12,000P of operating computing power, which is upgraded every 3 months[5, 8] - SenseTime's large language model, "SenseNova 4.0," surpassed GPT-3.5 in performance and is comparable to GPT-4 in several evaluations[20, 21] Smart Auto Advancements - Smart Auto revenue increased by 31%[67] - Additional vehicles served increased by 163%[67]
商汤-W(00020) - 2023 H2 - 电话会议演示