SenseTime’s financial status in the first half of 2024

SenseTime Group's total revenue in the first half of 2024 reached 1.74 billion yuan, a year-on-year increase of 21.4% and a month-on-month decrease of 13.4%. Among them, the generative AI business performed the best, with revenue of 1.05 billion yuan, a year-on-year surge of 255.7%, accounting for more than 60.4% of the group's revenue, becoming the largest business. SenseTime Jueying (SenseTime's automotive business) is also worthy of attention, with revenue of 168 million yuan in the first half of the year, a year-on-year increase of 100.4%, accounting for 9.7% of the group's total revenue.