SenseTime Says AI Workflows Helped Deliver Its First IFRS Profit

SenseTime executives say the company reached its first IFRS profit by concentrating on AI tools that complete work for enterprises and solo entrepreneurs. The explanation, published after its half-year results, puts workflow delivery and recurring revenue at the center of a turnaround that still included an adjusted loss and investment-related gains.

The company reported RMB620 million in first-half IFRS net profit, its first since its public listing. Revenue rose 23.4% to RMB2.91 billion, while generative AI produced RMB2.33 billion—nearly 80% of group sales.

The commercial stack is meant to sell completed tasks

Chief executive Xu Li said SenseTime’s models, Token Factory and Agent Harness each formed an independent commercial closed loop. The company describes the system as a way to combine models with computing optimization and workflow-connected agents, moving from AI-generated output toward end-to-end task execution.

How SenseTime divides that work

• The model system is intended to extend the complexity of tasks its agents can handle.
• The Token Factory combines model and infrastructure optimization to lower token costs and improve cost-based pricing power, according to SenseTime.
• The Agent Harness connects models, knowledge, tools and workflows for enterprise and individual users.

The accounting result has an important boundary

SenseTime also recorded a RMB390 million non-IFRS adjusted net loss, even as core operating losses narrowed. It said fair-value gains from certain AI ecosystem investments contributed to IFRS profit, so the headline result does not solely reflect the operating business.

The milestone separates SenseTime from two domestic peers cited in the comparison: MiniMax and Z.ai reported triple-digit revenue growth for the same period but remained loss-making, with net losses of US$358 million and RMB2.07 billion, respectively. SenseTime says it plans to shift Token Factory pricing from token volume toward task outcomes; that change remains a plan, not a reported result.