SenseTime Group (0020.HK / 80020.HK) reported unaudited interim results for the six months ended June 30, 2026. Revenue for the period was about RMB 2.911 billion, up 23.4% year on year. Gross profit was about RMB 1.206 billion, and gross margin reached 41.4%, up 2.9 percentage points from a year earlier.
First net profit under IFRS
Profit for the period was about RMB 617 million, marking the company’s first net profit reported under IFRS. In the same period last year, it recorded a loss of about RMB 848 million. EBITDA was about RMB 1.388 billion, while adjusted net loss was about RMB 386 million, narrowing 67.3% year on year.
Generative AI remained the main growth driver
By business line, generative AI revenue was about RMB 2.327 billion, up 79.9% from a year earlier. Visual AI revenue was about RMB 497 million, up 13.9%. Overseas revenue increased 127.0% year on year.
Recurring revenue accounted for 39.3% of total
Recurring revenue for the period was about RMB 1.145 billion, up 124.4% year on year, representing 39.3% of the group’s total revenue.
Company highlights system-level AI buildout
SenseTime said it advanced system-level AI capabilities in the first half around 「one model, one Token factory, and one agent management and control system」. The company also said it continued to iterate its SenseNova multimodal foundation model and pushed its strategy from providing models and computing power toward large-scale delivery of trusted multimodal agent capabilities.