SENSETIME-W (00020) surged over 4%, and as of press time, the stock was up 3.3% to HK$2.82 with a trading volume of HK$1.565 billion. Goldman Sachs released a research report stating that SENSETIME-W's latest project updates show the company has secured new generative AI project orders from enterprise (ToB) and government (ToG) clients across education, healthcare, media, finance, transportation, and other sectors. The firm expects future projects to accelerate growth, primarily benefiting from increased cloud capital expenditure in mainland China and favorable policies such as the "AI+" action plan announced in August. Goldman Sachs believes that SenseTime can provide comprehensive solution capabilities covering computing power, large-scale AI infrastructure, AI foundation models, and generative AI applications tailored to different client needs. The firm expects the company to continue focusing on large-scale projects in the coming years to ensure higher efficiency and increase revenue.

Cathay Haitong pointed out that SENSETIME-W's generative AI revenue in the first half of the year reached 1.816 billion yuan, up 72.7% year-on-year, accounting for 77% of total revenue. On the infrastructure side, the heterogeneous cluster has achieved stable operation of approximately 5,000 cards under domestic chip mixed scheduling, with cluster utilization at about 80% and total computing power scale of approximately 25,000 PetaFLOPS. Computing power efficiency has improved by about 20% through resource combination optimization. On the application side, the "Raccoon" productivity tool continues to scale up, with users exceeding 3 million and daily processing of approximately 10 billion data analysis tokens. It has been deployed across finance, education, government affairs, and other industries.

Additionally, the recent promulgation of "Opinions on Deeply Implementing the 'Artificial Intelligence+' Action" has positioned the company around its "1+X" strategic layout, with diversified business expansion imminent.