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【HK Stock Connect】SenseTime (00020) plunges more than 5% after results, with a mid-year loss of RMB 2.45 billion and a decline of over 50% in traditional AI revenue.
Golden Financial News | SenseTime (00020) stock price fell after its earnings, as of the time of publication, down 5.08%, reporting HKD 0.112 billion. SenseTime announced its interim results for the six months ending June 30, 2024. During the period, the company's equity holders' share of the loss was RMB 2.457 billion, a 21.33% decrease year-on-year, with a basic loss per share of RMB 0.08. No interim dividend will be distributed. During the period, the group's revenue was RMB 1.74 billion, a year-on-year increase of 21.4%. Among the three main business segments, the revenue from generative AI was RMB 1.051 billion, a significant year-on-year increase of 255.7%, accounting for a higher proportion of the group's revenue.
Gelonghui Announcements (Hong Kong Stocks) | Nongfu Spring (09633.HK) announced its mid-year performance with a 8.0% year-on-year increase in net profit and a 59.5% increase in revenue from tea beverage products.
【Today's Focus】 Nongfu Spring (09633.HK) announced its interim performance, with a net profit growth of 8.0% compared to the same period last year. The income from tea beverage products increased by 59.5%. Nongfu Spring (09633.HK) released a notice stating that in the first half of 2024, the company's total revenue was RMB 2,217.3 million, a year-on-year increase of 8.4%; the net profit attributable to the owners of the parent company was approximately RMB 624 million, a year-on-year increase of 8.0%; and the basic earnings per share were RMB 0.55, a year-on-year increase of 8.0%. In January and February 2024, the group's sales of packaged drinking water products were good in these two months.
SenseTime-W (00020) converted approximately 6.906 billion shares of Class A common stock into Class B common stock.
SenseTime-W (00020) announced that on August 27, 2024, the company will convert approximately 6.906 billion shares...
[Hong Kong Stock Connect] SenseTime (00020) narrowed its net loss in the first half of the year by 21.33% and did not pay out mid-term dividends.
Golden Horse Financial News | SenseTime (00020) announced its interim performance for the six months ended June 30, 2024. During the period, the company's equity holders' losses narrowed by 2.457 billion yuan (RMB, the same below), a 21.33% decrease compared to the same period last year; basic loss per share was 0.08 yuan. No interim dividends will be distributed. The group's revenue was 1.74 billion yuan, a 21.4% increase year-on-year. The announcement stated that in the first half of 2024, the group's overall revenue achieved significant growth, the capabilities of the SuningX large-scale model experienced a leap in improvement, the model inference cost rapidly decreased, and the model call volume significantly increased. Among the three major businesses, the generative business
SenseTime Group: Overall Use of SenseNova Large Model Series Rose More Than Fivefold in 1H >0020.HK
Sensetime-W (00020.HK) announced its interim performance, with a significant increase of 255.7% in revenue from generative AI. The overall daily usage of Riri's new products achieved a growth of 400%.
On August 27, 2024, SenseTime-W (00020.HK) announced that in the first half of 2024, the group's overall revenue achieved significant growth, the daily new large model capacity achieved a leap in improvement, the model inference cost rapidly decreased, and the model call volume significantly increased. In the first half of 2024, the total revenue of the group was 1739.7 million yuan, a year-on-year increase of 21.4%. Among the three major businesses, the revenue of generative AI was 1051.2 million yuan, a significant increase of 255.7% year-on-year, and the proportion of group revenue jumped to 60.4%; while the Absolute Shadow smart automobile business revenue was 168 million yuan.
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