|Back Zoom + Zoom -|
<Research Report>CICC: SENSETIME Bears Short-term Pressure Last Yr, Embraces Common AI This Yr
SENSETIME-W (00020.HK)'s total revenue last year of RMB3.8 billion dropped 19% YoY, below CICC forecast, in wake of heavier-than-expected pressure from smart city and commercial epidemic business. The net loss attributable to parent company was RMB6.05 billion, down 65% YoY, below estimates.
SENSETIME actively deployed multi-modal large models, with the management foretelling that NLP large model and larger volume multimodal large model are likely to be rolled out this year to empower B-side commercial field.
Considering the slow recovery of 2G or 2B basic business after the epidemic, CICC lowered SENSETIME's revenue forecast this year by 28.7% to RMB5.12 billion, and retained the adjusted net profit attributable to parent company this year basically intact.
CICC kept SENSETIME's TP at $3.6 with rating Outperform.
AAStocks Financial News