SenseTime Group's performance in the first half of the year grew steadily: revenue reached 1.43 billion yuan, a year-on-year increase of 1.3%, and gross profit margin remained at 45.3%.

According to news from this site on August 28, SenseTime Group released its interim results for the six months ended June 30, 2023. In the first half of the year, it achieved operating income of 1.43 billion yuan, a year-on-year increase of 1.3%; Gross profit was 650 million yuan, gross profit margin was 45.3%, and operating costs dropped 6.5% year-on-year; net loss was 3.14 billion yuan, and adjusted net loss was 2.393 billion yuan, narrowed by 2.0% and 6.7% respectively compared with the same period last year.

SenseTime Group’s revenue in the first half of the year was 229 million yuan, accounting for 1% of total revenue 16%. The group's revenue growth was smaller, mainly due to the increase in revenue from smart business and smart life, which was offset by the decline in revenue from smart cities and smart cars

The group’s smart business revenue in the first half of the year was 853 million yuan, a year-on-year increase of 50.2%. This is mainly because we have seized emerging business opportunities in generative artificial intelligence-related businesses. Smart car revenue was 83.9 million yuan, a year-on-year decrease of 30.5%

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