商汤集团(0020.HK)发布2025年中期业绩公告，总收入同比增长36%，达人民币24亿元；生成式AI收入连续第三年高速增长，涨幅达73%；经调整亏损净额同比和环比均大幅收窄，同比下降50%；贸易应收回款额32亿元，按年大幅提升至96 %。截至2025年上半年，集团的总现金储备132亿元，高于上两个报告期。 2025年上半年，商汤持续深化“1+X”战略并取得实质性进展，以生成式AI与视觉AI为双引擎，完成业务动能稳健和结构优化。生成式AI占集团收入进一步提升至77%，视觉AI重启增长曲线，以高质量客户策略和领先市场份额，实现利润空间与现金流双向改善。组织层面，围绕“1”和“X”进行二次联合创业，组建专业化、多元化领导架构，并为创新业务设立独立联创团队，释放“X创新业务”的经营活力与资本市场吸引力。
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