SenseTime Group's smart car business grew 71% year-on-year

SenseTime Group achieved revenue of RMB 1.42 billion in the first half of 2022, with a gross profit margin of 66%. Among them, the smart life business grew by 98% year-on-year, and the smart car business grew by 71% year-on-year. The company's total capital reserves reached RMB 19.51 billion, R&D expenditure was RMB 2.04 billion, and 2,136 new patents were added. The AI ​​intelligent computing center launched by SenseTime in Shanghai has gained market demand and promoted the application of AI technology in various industries.