ifrs

SenseTime Group (0020.HK / 80020.HK) announced its unaudited interim results for the six months ended June 30, 2026. During the period, revenue was approximately 2.911 billion RMB, a year-on-year increase of 23.4%; gross profit was approximately 1.206 billion RMB, with a gross margin of 41.4%, an increase of 2.9 percentage points year-on-year; profit for the period was approximately 617 million RMB, marking the first time a net profit was recorded according to IFRS standards, compared to a loss of approximately 848 million RMB in the same period last year. EBITDA was approximately 1.388 billion RMB, with an adjusted net loss of approximately 386 million RMB, narrowing by 67.3% year-on-year.By business segment, revenue from generative AI was approximately 2.327 billion RMB, a year-on-year increase of 79.9%; revenue from visual AI was approximately 497 million RMB, a year-on-year increase of 13.9%; overseas business revenue increased by 127.0% year-on-year. Recurring revenue was approximately 1.145 billion RMB, a year-on-year increase of 124.4%, accounting for 39.3% of the group's revenue. The company stated that in the first half of the year, it advanced system-level AI capabilities around "one model, one Token factory, and one intelligent agent control system," continuously iterating the daily updated SenseNova multimodal large model, and promoted the strategy from providing models and computing power to scaling the delivery of reliable multimodal intelligent agent capabilities.

The South Korean cryptocurrency exchange Bithumb has published an update on its IPO preparation progress. Bithumb stated that it is collaborating with leading domestic accounting firms to advance the construction of its risk management system, converting accounting standards from K-GAAP to internationally accepted K-IFRS, and strengthening internal compliance and internal control processes. The company is also restructuring its business by spinning off Bithumb Asset and clarifying the responsibilities and boundaries of each business segment; at the same time, it is promoting business model diversification and liquidity asset reserves to enhance financial stability.Bithumb claims it will maintain transparent operations by regularly disclosing financial status, operational matters, and cryptocurrency asset holdings, and will collaborate with large domestic and international securities firms, law firms, and accounting firms to assess corporate value and legal risks, as well as to formulate strategies for the pre-listing review.Regarding the timeline, Bithumb plans to complete the upgrade of its internal control system and K-IFRS conversion preparations by 2026, submit the pre-listing review and undergo audits in 2027, and complete the IPO in 2028, with specific timelines potentially adjusted based on market conditions and regulatory review progress.