SenseTime 2026年中期业绩：Gen AI收入占比达80%，首次实现盈利

发布时间：2026-08-26 一、AI总结内容 一、核心业绩 1. 2026年上半年实现营收29亿元，同比增长23.4%；Gen AI收入23亿元，同比增28.2%，占总营收80%。2. 毛利率41.4%，同比升2.9个百分点至历史新高；毛利12亿元，同比增32.9%。3. 首次实现非国际财务报告准则利润6.17亿元，经调整后净亏损同比收窄67.3%至3.86亿元。4. 经常性收入11.4亿元，同比增124.4%，占总营收39.3%，主要来自Gen AI业务。 二、核心业务进展 1. 模型系统：推出统一原生多模态架构，Nova U1系列完成理解、推理、生成、编辑一体化，U1.5性能对标头部闭源模型。2. 令牌工厂：优化多模态训练效率，图像视频生成效率提升6倍，支撑外部4家基础模型厂商服务，算力达48万PFlops，日均令牌量超200万亿。3. 智能代理：Raccoon办公产品服务联想、平安等头部企业，用户数增长超5倍；SecMind内容代理日均视频产出1万分钟，累计播放量超15亿次。4. 计算机视觉：连续10年位居中国CV市场第一，覆盖20+国家4500+客户，复购率67%。5. 海外业务：营收同比增127%，为核心增长驱动力。三、未来战略与规划 1. 坚持“一个模型系统、一个令牌工厂、一个智能代理”的三大核心战略，构建闭环技术体系。2. 推动模型向长时序多智能体进化，令牌工厂向任务交付升级，智能代理渗透个人与企业场景。3. capex兼顾算力扩张与盈利，当前70%算力用于外部服务，30%内部使用，约一半算力采用轻资产模式。四、Q&A核心问答 1. 明确经常性收入以实际续约合同为基础，对应年度经常性收入（ARR）截至6月末达25.3亿元，未来占比将进一步提升。2. 回应技术竞争：核心优势在于统一多模态架构、任务完成能力、端到端交付，而非单模型或算力，将持续优化编码等工具能力。3. 解释利润构成：首次盈利主要来自核心业务增长，非核心投资收益贡献约12.5亿元，后续将优先收窄经调整净亏损。4. 解答资本开支：灵活性配置算力，依据单元经济回报率调整规模，长期算力增速将低于收入增速。 二、音频原文（转写） Hello everyone welcome to since time twenty twenty six interim result announcement.I'm your hosttoday philip wang head of capital market depart ments first let me introduce the representativedr shi li chairman and c e o of the group dr wang xiao gang executive e a v pmr yang fan executive v p and president of sansco group doctor linda hua executive v p and chief science and mr wangzheng financial officer and executive v pi readthrough the disclaim affairs this discussion may contain full looking statement full looking statement involves inherent risk and uncertainty that could cause actual results to differ materially from current expectation for the detailed discussion of such risk and uncertaintyplease refer to sense times latest announcement all four looking statements in the breathing are based on assumptions that we believe to be reasonable as of today? And thence time does not undertake any obligation to update these statements unless required byapplicable lawthis discussion also contains certain nonivorous measures that are for comparativeonly.Furthermore management will make prepare remarks in chineseinterpreters will provide translation in english on the english channel pleaserefer to our result announcement for the detail.In the event of any discrepancy between the chinese remarks and the translation please refer tothe original chinese statement.Dr shu li will begin with performance and group strategy then wewill have other management representatives to introduce other business performance finally we will have an q and a session with all management.First let's invite dr shu lee.Hello everyone welcome to sense time twenty twenty six interim result announcement green twenty six the shift frommodel intelligence to agendic intelligence significantly accelerated in the past we mostly focuson if a i model could answer questions and generate contents.Today it is not no longer just about output it's about ai understanding complex goals.Calling tools coordinating multiple agents e xecuting hundreds of steps and ultimately deliver resultsduring the reporting period san san delivers solid results for the first half we recordtwo point nine billion revenue representing a twenty three point four percent year on year increase.Gen ai revenue hits two point three billionup twenty eight point two percent and accounting for nearly eighty percent of group revenue.Computer vision revenue stood at five hundred million growing fourteen percent overseas business revenues search one hundred and twenty seven percent year and year and has become a key growth drivermore importantly our gross profits reach onepoint two billion rising thirty two point nine per cent with gross margin climbing to forty onepoint four percent.Recurring revenue which reflects revenue derived from contracts in effect during the period with recurring renewal terms wasone point one four billion a hundred and twentyfour per cent year on year increase representinga thirty nine percent of root revenuethe rapidgrowth in return revenue reflects how our customer relation.Ships are evolving from one of project towards ongoing model tokens and agent basedserviceour operational efficiency has also improved adjusted net loss was three hundred and eighty six million narrow at an accelerating pace ofsixty seven point three percent.We also recorded net profit of six hundred and seventeen million under ivors this marks our first ivors profitssince ipothis results marks a key milestone ourtechnology infrastructure and products are forming a core a more complete commercial close loop.This lies some of our system level a i capacitystacks one model system one token factory and one agent harness to emphasize pictures in the adack are generated from sensor u one.First one model system which continuously pushed the boundary of intelligence build on our native unified multimodale architecture we are integrating understanding generation reasoning and executionthis e nable out models to process tax image video special data and application interface all at once sec