SENSETIME-W (00020) announced its interim results for the six months ended June 30, 2025. The group achieved revenue of RMB 23.58 billion, representing a year-on-year increase of 35.6%. Gross profit reached RMB 9.08 billion, up 18.4% year-on-year. The adjusted net loss was RMB 11.62 billion, down 50% year-on-year, with loss per share of RMB 0.04.

In the first half of 2025, the group's revenue grew 35.6% year-on-year to RMB 23.58 billion. Generative AI revenue reached RMB 18.155 billion, surging 72.7% year-on-year. Its contribution to total group revenue increased from 60.4% in the first half of 2024 and 63.7% for fiscal year 2024 to 77.0%, fully demonstrating the structural shift of industry demand toward production-level applications.

The group's gross profit was RMB 9.08 billion with a gross margin of 38.5%. Trade receivables collection amounted to RMB 31.59 billion, up 95.5% year-on-year, reflecting significantly improved efficiency in the sales and delivery cycle. Revenue quality remained robust, supported by the combined effects of model performance iteration and computing efficiency improvements.

The adjusted net loss continued to decline substantially both year-on-year and quarter-on-quarter, narrowing to RMB 11.62 billion in the first half of 2025, down 50.0% year-on-year, validating the operational strategy of "focus on core business - optimize structure - improve efficiency."

As of June 30, 2025, the group's cash reserves stood at RMB 131.58 billion, providing sufficient support for continued investment in large model infrastructure, industry-specific applications, and ecosystem development.