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Interpretations of the 2024 interim financial report of SenseTime (stock code: 00020): The generative AI business soared, with the total operating computation power exceeding 20,000 PetaFLOPS.
The business revenue of the generative AI increased by 256% to nearly 1.1 billion yuan, accounting for a high proportion of 60% of the total revenue, becoming the core engine driving the company's growth.
[Brokerage Focus] gtja maintains a "shareholding" rating on SenseTime (00020), indicating that its generative AI business is expected to become a driving force for performance growth.
According to the research report released by gtja, Sensetime (00020) announced its 2024 interim report, achieving a revenue of 1.849 billion yuan in the first half of 2024, a year-on-year growth of 29.04%. It achieved a net loss of -2.457 billion yuan, a decrease in loss of 21.33%, which is in line with market expectations. The bank points out that the generative AI business is growing rapidly and has become the main driver of the company's performance growth. The smart automobile business maintains rapid growth and is expected to achieve better-than-expected development. The bank maintains its profit forecast for the company, with expected revenues of 45.76, 60.05, and 77.06 billion yuan for 2024-2026.
[Special Guest Expert] Guo Jiayao: In the absence of further policy news stimulation, it is expected that the index will remain at a level of 17,200 to 18,000 points.
Kinwu financial news | U.S. stocks closed for the holiday on Monday, and the Hang Seng Index night market did not change much, expecting a lack of direction in the early stage of the market. The mainland stock market showed a downward trend yesterday, with the Shanghai Composite Index opening lower and closing near the daily low, down 1.1%. The turnover of the Shanghai and Shenzhen stock markets also decreased significantly. Hong Kong stocks followed the decline in the mainland stock market, and the renminbi trended downward. In addition, the weak performance of macroeconomic data affected the market sentiment, and the index fell below the 10-day and 100-day moving average levels, with active market turnover. After the earnings season, investors shifted their focus to the performance of macroeconomic data. Without further policy stimulus, it is expected that the index will remain between 17,200 and 18,000.
【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...
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AnaiAnai : Bad news.