Financial Performance - SenseTime Group's revenue in the first half of 2023 reached RMB 1433 million, a 1.3% year-over-year increase[3], while the gross profit was RMB 649 million[118] - Generative AI-related revenue experienced triple-digit percentage growth[3] - The company's GAAP net loss was reduced by RMB 2.4 billion[5] AI Foundation Models and Computing Power - SenseTime is focusing on breakthroughs in SenseNova Foundation Models and generative AI product suite[3] - The company has China's largest AIDC (AI Data Center) in Shanghai Lingang, with over 30,000 GPUs (an approximately 11% increase since March 2023) and over 6,000 Ps (an approximately 20% increase since March 2023)[6] - SenseTime released InternLM-123B under the SenseNova Framework[8] R&D and Data - SenseTime has a roadmap to surpass GPT-4, focusing on training the best-performing foundation model with the best quality data[11, 13] - The company has a total raw data reserve of over 10 Trillion Tokens, expected to increase by the end of 2023[14] Business Segments - Smart Business contributed 60% to revenue, with a 60% year-over-year growth in ARPU (Average Revenue Per User)[79, 81] - Smart Life contributed 22% to revenue, with a 48% year-over-year growth in the number of customers[79, 84, 85] - Smart Auto contributed 6% to revenue, with a 5.7x revenue growth in mass production[79, 94] - Smart City contributed 13% to revenue, with a 64% revenue contribution from Tier 1 & Tier 2 cities in China[79, 108, 109] Open Source and Collaboration - SenseTime promotes open-sourced AI platforms with research collaborations[18] - The company's open-source projects have gained significant traction, with 87,000+ Github stars[21]

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]

Financial Performance - Group revenue reached RMB 1,740 million, a 21% year-over-year increase[6] - Generative AI revenue surged to RMB 1,051 million, contributing 60% to the group's total revenue[6] - Overseas revenue experienced a 40% year-over-year growth[6] - The company reduced its net loss by 21% year-over-year[9] Generative AI Development - The company's Generative AI solutions have been adopted across various industries, including cloud, on-premise data centers, and edge devices[18] - SenseCore AI Infrastructure has significantly increased in computing power[20] - SenseNova 5.5 achieves performance closely comparable with GPT4 across a wide range of evaluations[31, 35] AI Infrastructure and Market Position - The company ranks 2 in market share for LLM platform and applications[6] - The company ranks 3 in market share for intelligent computing services[6] - China AI intelligent computing service market forecast to reach RMB 186,833 million in 2028[29] Smart Auto - Smart Auto revenue doubled year-over-year, with steady increase in mass production deliveries[56] - Delivered vehicles increased from 388,000 in 2023 H1 to 705,000 in 2024 H1[57]

Financial Performance - The Group revenue reached RMB 3,772 million, with a year-over-year (YoY) increase of 11%[8] - Gross profit amounted to RMB 1,620 million, with a gross profit margin of 43%[8] - Receivables collection increased by 19% YoY, reaching RMB 4,623 million[8] - Net loss was reduced by 33.7% YoY[8] Generative AI and AI Infrastructure - Generative AI revenue experienced triple-digit growth for two consecutive years[8] - SenseCore's total managed computing power grew by 92% YoY, reaching 23,000P[8] - Generative AI accounted for 35% of revenue in 2024, compared to 10% in 2023 and 7% in 2022[11] - The company is ranked among the top 3 in market share for AI cloud services in China[8] AI Model and Technology - SenseTime's SenseNova 5.5 ranked 1 in China alongside DeepSeek V3 in SuperCLUE Benchmark Overall Performance in December[24, 25] - A client using the SenseNova Large Model product has achieved a 500% business efficiency improvement[34, 37] Smart Auto - Total delivered vehicles with smart cabin solutions exceeded 3.6 million[52]

Financial Performance - Hysan Development's revenue was HK$1777 million, a decrease of 3.1% [37] - Recurring underlying profits were HK$1169 million, down by 0.7% [37] - The interim dividend per share (DPS) remained flat at HK 27 cents [37] - Net gearing was 23.8% [107] - Effective interest rate was 2.4% [107] Core Business & Portfolio - Estimated tenant sales in Q2 increased by more than 25% compared to Q1 [15] - Retail occupancy was near full at 98% as of June 30 [42] - Office occupancy was 91% as of June 30 [40] - Caroline Hill Road Project will add 30% to the core portfolio [20] - Fixed rate debt ratio is 60% [107] Strategic Pillars & Expansion - Structural work for Caroline Hill Road Project is scheduled to start in Q3 2022 [62] - The Caroline Hill Road Project is expected to be completed by late 2026, adding 1.1 million square feet of commercial GFA [63]

Financial Performance - The company's revenue was HK$3,460 million[33] - The underlying profit was HK$2,129 million[33], a decrease of 8.6%[33] - The dividend per share (DPS) remained flat at HK$1.44[33] - Shareholders' Fund was HK$70.2 billion[106], a decrease of 5.0%[106] - NAV per share was HK$68.4[106], a decrease of 4.2%[106] Portfolio Occupancy - Retail portfolio occupancy was 99%[35, 37] - Office portfolio occupancy was 90%[35, 40] - Residential portfolio occupancy was 61%[35] Strategic Initiatives - Foundation works for the Caroline Hill Road Development commenced in September 2022, with project completion estimated in 2026[66] - The company has HK$19.3 billion in sustainable finance transactions, representing 48% of total debts and facilities[104, 113] Retail Sector - Retail revenue was HK$1,643 million[34, 37] - Retail portfolio turnover increased by 1.4%[37] Office Sector - Office revenue was HK$1,578 million[34, 40], a decrease of 8.7%[40]

Financial Performance - Revenue decreased to HK$1,611 million [12] - Retail occupancy remained strong at 98% [13, 15] - Turnover rent increased significantly by 67% year-on-year [16, 17] - Net gearing stood at 25.9% [55] - NAV per share decreased by 2.2% to HK$66.9 [50] Business Operations - Retail sector recovery surpassed that of Hong Kong [17] - Office occupancy was 89% [13, 30] - Residential occupancy was 61% [13] - The company has ample undrawn committed banking facilities around HK$10 billion [53] Sustainability - The company has achieved its target of one-third of female directors by 2025 [45] - The company has achieved its target to reduce 20% carbon intensity by 2024 [45]

Financial Performance - Hysan's overall revenue decreased by 7% year-over-year, from HK$3460 million in 2022 to HK$3210 million in 2023[15] - Retail revenue decreased by 6%, from HK$1643 million in 2022 to HK$1533 million in 2023[9, 15] - Office revenue decreased by 46%, from HK$1578 million in 2022 to HK$1472 million in 2023[15] - Residential revenue decreased by 47%, from HK$239 million in 2022 to HK$205 million in 2023[15] - The company's net gearing ratio is 272%[59] Portfolio Occupancy - Retail occupancy was 97% in 2023, compared to 99% in 2022[16] - Office occupancy was 89% in 2023, compared to 90% in 2022[12, 16] - Residential occupancy was 60% in 2023, compared to 61% in 2022[16] Strategic Initiatives - The enhancement work of the office tower in Lee Gardens Shanghai was completed in 2023, with 30% occupancy[41] - Approximately 10% of the retail area was closed for Lee Gardens rejuvenation in 2023 on average[10, 16] - Over 27 million square feet by GFA is green building certified[49]

Financial Performance - Revenue increased by 5.9% to HK$1693 million in 1H 2024[30] - HK Retail revenue increased by 10.8% year-over-year and 9.5% half-over-half[31] - HK Office revenue decreased by 2.8% year-over-year but only 0.1% half-over-half[31] - Shareholders' Fund decreased by 0.6% to HK$66.8 billion[51] - NAV per share decreased by 0.6% to HK$65.0[51] Operational Highlights - Retail occupancy in Hong Kong was 95%[31] - Office occupancy in Hong Kong was 89%[31] - Residential occupancy was 68%[31] - Member spending increased by 38% compared to 2018[39] - Member contribution to sales increased by 13% compared to 2018[39] Strategic Initiatives - Lee Gardens Rejuvenation is starting to bring results, with 50+ new brands/stores added in the past year[33] - The company is expanding its loyalty program, recruiting 60K+ members in 6 weeks with a 20% increase in members' spending[41] - Diversifying tenant mix in office portfolio, with strong demand from retailers, medical and health sector[42] - 48% Sustainable Finance[53]

Financial Performance - Hysan's overall revenue increased by 6.2% to HK$3409 million in 2024[39] - HK Retail revenue saw a significant increase of 9.5% year-over-year[41] - HK Office revenue experienced a slight decrease of 1.5% year-over-year[41] - The year-end occupancy for HK Retail was 92%[40], compared to 97% in 2023[40] - The year-end occupancy for HK Office was 90%[40], slightly up from 89% in 2023[40] - The year-end occupancy for Residential was 73%[40], up from 60% in 2023[40] Capital Management - The company has HK$18.9 billion in undrawn committed facilities and cash[61] - The net gearing ratio is 31.4%[61] - The effective interest rate is 4.3%[61] - Sustainable finance accounts for 40% of the company's finances[61]