SenseTime Group Financial Report: SenseTime's revenue in 2024 will be 3.77 billion yuan, a year-on-year increase of 10.8%

According to recent news, SenseTime Group announced its 2024 performance, with an overall annual revenue of 3.77 billion yuan, a year-on-year increase of 10.8% .

Among them, the revenue of generative AI business reached 2.4 billion yuan, a significant increase of 103.1% year-on-year, and triple-digit growth for two consecutive years. The proportion of generative AI revenue increased from 34.8% in 2023 to 63.7%.

The group's gross profit was RMB 1.62 billion, gross profit margin was 42.9%, and net loss was RMB 4.307 billion, narrowing by 33.7% year-on-year.

Officials said that the training and inference costs of the Ririxin big model have reached the industry-leading level, and the Ririxin multimodal big model continues to rank in the first echelon of China's big models.

Wang Xiaogang, co-founder and chief scientist of SenseTime, revealed at the beginning of this year that SenseTime's next-generation end-to-end autonomous driving solution that interacts collaboratively with the world model will be released at the Shanghai Auto Show in April. In addition, the new large model 6.0 will also be released this year.

On July 5 last year, SenseTime released the "SenseNova 5.5" large model system and the country's first WYSIWYG model "RiRiXin 5o", with interactive effects comparable to GPT-4o.