SenseTime (20 HK) Strengthening Gen AI competitive edges SenseTime announced 1H24 results on 27 Aug: total revenue grew by 21% YoY to RMB1.74bn, largely in line with our estimate; adjusted net loss narrowed by 3% YoY to RMB2.33bn with net loss margin improving by 33ppt YoY to -134%, which is below full-year consensus margin estimate of -79% due to continuous investments in foundations models and generative AI application development. Looking ahead in 2H24E, we expect total revenue growth will further accele ...