On September 1, SENSETIME-W rose 3.82% in regular trading, trading at HK$1.495/share, with turnover of HK$176 million. The stock staged a technical rebound after falling 2.70% in the prior session, as shares continued to oscillate following the release of landmark interim results on August 26.

On the news front, SENSETIME-W reported its first-ever IFRS net profit of RMB 617 million for the first half, compared with a loss of RMB 1.489 billion a year earlier. Revenue reached RMB 2.911 billion, up 23.4% year-over-year, with generative AI revenue accounting for 79.9% of total sales. Recurring revenue surged 124.4% to RMB 1.145 billion, representing 39.3% of group revenue. However, market concerns over earnings quality persist, as stripping out RMB 4.588 billion in equity investment gains, the adjusted net loss remained at RMB 386 million, with aged receivables above three years accounting for nearly half of total receivables.

On the institutional front, Goldman Sachs previously raised its target price to HK$2.05, while CMB International maintained a Buy rating, citing strong generative AI business momentum and the company's successful transition toward sustainable recurring revenue streams.

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