On August 17, SENSETIME-W rose 10.32% in regular trading, trading at HKD 1.53/share, with turnover of HKD 224 million.
On the news front, the company issued a positive profit warning on August 16, announcing its first consolidated profit since listing on the Hong Kong Stock Exchange. SENSETIME-W expects net profit of RMB 5 billion to RMB 7 billion for the first half of the year, compared with a loss of approximately RMB 14.89 billion in the same period last year, marking a significant turnaround. On a non-IFRS basis, adjusted net loss is expected to narrow by 60% to 70% year-over-year.
The company attributed the improvement to reduced losses in its core business segments and fair value gains from strategic investments in AI ecosystem enterprises built over multiple years. The detailed interim results are scheduled for release on August 26.
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