On September 7, SENSETIME-W fell 3.11% in regular trading, trading at HK$1.405 per share, with turnover of HK$494 million. The stock continued its wide-range oscillation pattern following the release of interim results on August 26.

The company reported first-half revenue of RMB 2.911 billion, up 23.4% year-over-year, and recorded its first-ever IFRS net profit of RMB 617 million. Generative AI revenue accounted for 79.9% of total revenue, while recurring revenue surged 124.4% year-over-year. However, market skepticism over earnings quality remains unresolved — after stripping out RMB 4.588 billion in equity investment gains, the adjusted net loss still stood at RMB 386 million, indicating the core business has yet to achieve profitability.

The broader Application Software sector also weighed on sentiment, with KINGDEE INT'L down 5.23% and MARKETINGFORCE down 5.03%, reflecting overall sector softness that added further pressure on the stock.

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