$SENSETIME-W(00020)$
The highlights are the performance of generative artificial intelligence and Jueying: generative artificial intelligence performance increased by 255.7% year-on-year (reaching 1.0512 billion, 1.2 billion for the whole of last year), and its share in the group's revenue increased from about 30% last year to 60.4%; Jueying's performance increased by 100.4% year-on-year (reaching 168.1 million). Traditional artificial intelligence business shrank significantly, down 50.6% year-on-year; sales expenses fell 21.2% year-on-year, administrative expenses fell 7.7%, and R&D expenses rose 6.1% year-on-year.
In summary, everything is moving in a good direction, and the transformation is relatively successful at present. If the first half of the year's revenue estimated in the performance briefing accounts for about 1/3 of the whole year, then the whole year is expected to exceed 5 billion.
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