Hong Kong, March 26, 2025 – SenseTime Group has unveiled its financial results for the full year 2024, revealing a robust performance. Total annual revenue stood at RMB 3.77 billion, marking a 10.8% increase year-on-year. Notably, the revenue from its generative AI business surged to RMB 2.4 billion, reflecting a remarkable 103.1% growth compared to the previous year and accounting for 63.7% of the total revenue. The group achieved a gross profit of RMB 1.62 billion, with a gross margin of 42.9%. Furthermore, the net loss narrowed by 33.7% to RMB 4.307 billion, indicating a significant improvement in financial health.
