商汤科技_随着客户支出增加，通用人工智能业务推进、发展 ，并为综合客户提供人工智能整体解决方案；上调至买入评级，目标价为 2.72 港元

Allen Chang 29 August 2025 | 6:38AM HKT SenseTime (0020.HK) Buy Gen-AI ramp up on rising client spending and AI total-solutions for comprehensive clients; Up to Buy with TP at HK$2.72 | | | The "AI Plus" guidelines were announced by the State Council in Aug 2025 (Link), highlighting AI monetization with ecosystem expansion, and we expect the rollout to encourage user spending on AI, driving Sensetime's generative AI business. 1H25 revenues were better-than-expected at 36% YoY, and management highlighted str ...