SenseTime released a performance report: 3 billion yuan was invested in research and development in 2021, and the cumulative NUMBER of AI models reached 34,000

On March 27, SenseTime Announced its audited annual results for the year ended December 31, 2021.

In 2021, thanks to China's vigorous promotion of scientific and technological innovation and the acceleration of digital infrastructure construction, SenseTime achieved accelerated growth in its annual performance.

Among them, revenue accelerated, with a year-on-year increase of 36.4% to 4.7 billion yuan (RMB, the same below), with a gross profit margin of 69.7%. Net cash was $21.45 billion and net adjusted loss was $1.42 billion. R&D expenditure was 3.06 billion yuan, accounting for 65.1% of revenue; in 2021, R&D personnel increased by 1,500 to a total of 4,200 people, accounting for 70% of the total number of employees; by the end of 2021, it had a total of 11,494 global patent assets, an increase of 96% compared with the end of 2020, of which 78% were invention patents. According to IDC and Sullivan's market report, SenseTime ranked first in China's computer vision application market share for three consecutive years.

Xu Li, co-founder, Executive Chairman of the Board and Chief Executive Officer of SenseTime, said: "2021 is the most important year for our development since our inception, our business has recorded accelerated growth, and our research and development has achieved a series of major breakthroughs to consolidate the foundation for future development. We have always believed that China's technological innovation and huge market will support the birth of more world-class technology companies. We also firmly believe that the advanced productivity represented by AI will help human beings have a better life. Looking ahead, we are full of confidence and expectations for the development of China's digital economy, and have the confidence to maintain a long-term competitive advantage. Adhering to the mission of 'adhering to originality and letting AI lead human progress', we will continue to promote the development of inclusive artificial intelligence, empower more industries and benefit society." ”

Looking ahead to building a general artificial intelligence infrastructure SenseCore

According to SenseTime, SenseCore's artificial intelligence infrastructure can realize the production, deployment and iterative upgrading of batch algorithm models, which greatly reduces the production cost of artificial intelligence, and the output OF AI computing power is the world's leading scale, and by the end of 2021, the final power of 23 supercomputing clusters put into use is 1.17 billion floating-point computing per second (1.17 exaflops). The Number of commercial models produced by the Group through SenseCore reached more than 34,000, an increase of 152% compared to the end of 2020. Driving the improvement of R&D personnel efficiency year by year, the average number of commercial models produced by R&D personnel per person per year in 2021 has increased by 72% and 13 times compared with 2020 and 2019, respectively.

Accelerate the commercialization of artificial intelligence technology, and maintain the leading position in the industry in the four major sectors

In 2021, with the promotion and construction of urban governance systems such as the modernization of urban governance, the Group will help urban digitalization and intelligence, further improve market penetration, and become the first choice for digital upgrading of many cities. The number of cities served in 2021 has increased significantly, and a total of 140 cities have deployed SenseTime City Ark products, an increase of 49% compared with the end of 2020, including 15 large cities with a population of more than 10 million, such as Shanghai and Shenzhen. The Group ranked first in the market share of computer vision software in smart cities in China.

SenseTime mentioned that digital transformation has become the focus of continuous investment by many enterprises. The Ark Platform has helped many enterprises digitally transform, and the number of customers has continued to expand to 922, including more than 200 Fortune 500 corporate and listed companies, with an average revenue amount of 21.3% increased per client. The Group ranks first in the market share of enterprise-level computer vision software in China.

Relying on the broad market prospects generated by the transformation of the intelligent automobile industry, SenseTime launched the "Absolute Shadow" intelligent car platform to promote the full-line productization of commercialization in intelligent driving, intelligent cockpit, vehicle-road collaboration, L4-level unmanned driving, and driverless minibuses, empowering the intelligent upgrading strategy of domestic and foreign car enterprise customers and people's intelligent travel needs. In 2021, the number of newly signed cooperative car companies will exceed 30, and domestic mainstream car companies and some overseas car companies will become cooperative customers; the cumulative number of intelligent driving and smart cockpit products will reach 23 million units, covering more than 60 models mass-produced in the next five years.

In addition, SenseTime cooperated with the world's leading semiconductor companies to develop and deliver four AI sensors at the end of 2021 to achieve a breakthrough of 0 to 1, which can significantly improve the picture quality of mobile phone photos, and process photos and videos taken by mobile phones with lower power consumption and stronger privacy protection, and successfully landed on the head mobile phone manufacturers. The SenseMARS Meta-Universe Empowerment Platform supports more than 200 mobile applications and mobile games, empowering more than 60 large shopping malls, museums and airports.

Continue to increase investment in SenseCore

In 2022, SenseTime will continue its consistent strategy of increasing investment in SenseCore, effectively transform massive amounts of data, produce the most advanced artificial intelligence models in various industries, and continuously optimize production and operating costs to improve commercialization efficiency. Ai's market penetration is still in its early stages, and most cities, enterprises, and IoT devices such as automobiles are still a gap that urgently needs AI penetration.

SenseTime said it will further open SenseCore's capabilities to the market in 2022 by offering AI-as-a-services, or intelligent computing services. The full digitization of cities and enterprises, as well as the production and application of meta-universe and driverless technologies, have generated huge market demand for AI computing services.

In January, the Group's forward-looking layout of the new generation of artificial intelligence computing center (AIDC) was officially inaugurated in Shanghai Lingang, its design peak computing capacity of 3.74 exaflops, is one of the world's largest AI supercomputers, and won the title of "Shanghai Artificial Intelligence Integration Empowerment Center" by the Shanghai Municipal Commission of Economy and Information Technology. It will open up to the outside world, provide intelligent computing services for industry, scientific research and urban management, comprehensively improve the productivity of AI, and accelerate the digital transformation of the whole industry.

In addition, SenseTime completed the upgrading of its organizational structure in the first quarter, established a smart car business group, and made greater efforts to develop the smart car business. The Group has also established a digital space business group, which fully integrates the advantages of AI perception, AR and MR technology, computing power and customer ecology, and is committed to building a meta-universe empowerment platform, providing a variety of key technology engines to empower various industries to build a digital space. (Zhongxin Jingwei APP)