Group 1 - The core theme of the Hong Kong IPO market this year is artificial intelligence (AI), with 12 companies in the AI value chain having gone public, raising over $4.9 billion (approximately HKD 38.22 billion) [1] - The recent surge in AI IPOs is believed to be just the beginning, as market conditions are expected to mature, allowing international investors to directly invest in leading Chinese AI companies [1] - Approximately 20 companies in various fields of the AI value chain have submitted listing applications, primarily in the platform sector, including enterprise AI, marketing AI, and data and business intelligence solutions [1] Group 2 - Four AI companies, including Wall Street Technology (06082), Zhiyuan (02513), TianShu Intelligent Chip (09903), and MINIMAX-WP (00100), raised a total of $2.5 billion last month, attracting international institutional investors from countries such as the UAE, Singapore, South Korea, Switzerland, and the USA [2] - The cornerstone investors for these four new stocks subscribed to approximately $1.3 billion, with an average cornerstone subscription rate of 58% of the total offering size, showcasing Hong Kong's role as a "super connector" for cutting-edge technology [2] - As of January 23, the total IPO fundraising in Hong Kong reached $3.7 billion, a year-on-year increase of 3.6 times, with over 350 listing applications currently being processed by the Hong Kong Stock Exchange [3]

港股大模型概念股午后持续走强，MINIMAX-WP涨超13%再创上市来新高，智谱涨超10%。 来源：滚动播报 ...

Group 1 - SF Express (09699) expects a profit of no less than RMB 238 million for the year ending December 31, 2025, representing an increase of at least 80% compared to 2024. Adjusted net profit is projected to be no less than RMB 376 million, a growth of at least 158%, with revenue expected to reach no less than RMB 22 billion, a 40% increase from 2024 [1] - Fuhong Hanlin (02696) shares rose nearly 5% following a successful offline researcher meeting in San Francisco regarding its international multi-center Phase III clinical study for HLX22, a new anti-HER2 monoclonal antibody [1] - Xpeng Motors (09868) saw a decline of over 2.2% as it reported January vehicle deliveries of 20,011 units, a year-on-year decrease of 34.07% and a month-on-month decrease of 46.65% [1] Group 2 - Engineering machinery stocks continued to rise, with Zoomlion (01157) up 7.47% and Sany International (00631) up 3.57%. The total import and export trade of engineering machinery in China for 2025 is projected to be USD 62.743 billion, a year-on-year increase of 13.2% [2] - Ruipu Lanjun (00666) shares increased over 5% after announcing its first profit forecast since listing, expecting a net profit of RMB 630 million to RMB 730 million for the year ending December 31, 2025 [2] - Pony.ai (02026) shares rose over 2.5% following a partnership with Aitbot to build a fully autonomous driving service fleet [2] Group 3 - MINIMAX-WP (00100) shares surged over 12.7% after the release of the MiniMax Music 2.5 audio model, which achieved breakthroughs in "paragraph-level strong control" and "physical-level high fidelity" [3] - China International Marine Containers (02039) shares rose over 12% after discussing its data center business and container manufacturing performance in an investor relations activity [3] Group 4 - WanGuo Gold Group (03939) shares increased over 6.8% after announcing an expected profit of approximately RMB 1.4 billion to RMB 1.5 billion for 2025, a year-on-year increase of about 143% to 161% due to rising sales volume and prices of gold products [4] - Junda Co., Ltd. (02865) shares rose over 13% after completing a placement agreement [4] Group 5 - Carnival Cruise Line (CCL.US) shares rose 8.09% as U.S. House Speaker Mike Johnson expressed confidence in gaining Republican support to end the government shutdown [5] - Major tech stocks like AMD (AMD.US) and Intel (INTC.US) saw gains, with AMD up 4.03% and Intel up 5.04%, following unexpected expansion in U.S. manufacturing activity [5] - The storage sector strengthened, with SanDisk (SNDK.US) up 15.44% as demand for AI and data centers continues to drive price increases in DRAM and NAND Flash products [6] Group 6 - Disney (DIS.US) shares fell 7.4% despite reporting a 5% year-on-year revenue increase to USD 26 billion for Q1 2026, exceeding analyst expectations [7] - Coterra Energy (CTRA.US) shares dropped 3.6% following Devon Energy's announcement of a significant acquisition deal [6] - Oracle (ORCL.US) shares declined 2.75% as the company plans to raise USD 45 billion to USD 50 billion for expanding its cloud infrastructure [8]

MINIMAX-WP（00100）午前股价上涨13.54%，现报594港元，成交额7.00亿港元。 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 1月29日，MiniMax于1月29日正式发布MiniMax Music 2.5音频大模型。相较于上一代，该模型在"段落 级强控制"与"物理级高保真"两大技术难题上实现突破。据介绍，新版本能够实现对音乐结构更精准的 把控，并显著提升了生成音频的音质水平。是行业重要趋势。 MINIMAX-WP（00100）午前股价上涨13.54%，现报594港元，成交额7.00亿港元。 中信建投此前指出，在生成式AI浪潮席卷全球的当下，MINIMAX以"反共识"的战略定力，聚焦模型智 力突破，正从行业竞争中脱颖而出。作为上海首批获得大模型备案的企业，公司凭借技术深耕与商业化 远见，展现出强劲的发展潜力。该行预测，2025-2027年公司营收将保持90%以上的高速增长，Non- GAAP毛利率有望提升至55%，净亏损率持续收窄。随着推理成本优化与新一代多模态模型落地，公司 有望在AI原生应用领域开辟更大市场空间。 责任编辑：卢昱君 热点栏目 自选股 数据中心 行情中 ...

Core Viewpoint - MINIMAX-WP (00100) experienced a nearly 10% increase in stock price following the launch of its MiniMax Music 2.5 audio generation model, indicating strong market interest and confidence in the company's technological advancements [1] Company Developments - On January 29, MiniMax officially released the MiniMax Music 2.5 audio model, which has made breakthroughs in "paragraph-level strong control" and "physical-level high fidelity" compared to its predecessor [1] - The new version allows for more precise control over music structure and significantly enhances audio quality, marking an important trend in the industry [1] Industry Context - CITIC Securities previously noted that amidst the global wave of generative AI, MINIMAX is distinguishing itself with a "counter-consensus" strategic focus on model intelligence breakthroughs [1] - As one of the first companies in Shanghai to obtain large model registration, MINIMAX demonstrates strong development potential through its technological depth and commercial foresight [1] Financial Projections - The company is expected to maintain over 90% revenue growth from 2025 to 2027, with Non-GAAP gross margin projected to improve to 55% and net loss rate continuing to narrow [1] - With optimization of inference costs and the rollout of the next-generation multimodal model, MINIMAX is poised to expand its market space in AI-native applications [1]

每经AI快讯，MINIMAX-WP早盘一度涨近10%，截至发稿涨9.26%，报572港元，成交额2.85亿港元。 ...

消息面上，1月29日，MiniMax于1月29日正式发布MiniMax Music2.5音频大模型。相较于上一代，该模 型在"段落级强控制"与"物理级高保真"两大技术难题上实现突破。据介绍，新版本能够实现对音乐结构 更精准的把控，并显著提升了生成音频的音质水平。是行业重要趋势。 中信建投（601066）此前指出，在生成式AI浪潮席卷全球的当下，MINIMAX以"反共识"的战略定力， 聚焦模型智力突破，正从行业竞争中脱颖而出。作为上海首批获得大模型备案的企业，公司凭借技术深 耕与商业化远见，展现出强劲的发展潜力。该行预测，2025-2027年公司营收将保持90%以上的高速增 长，Non-GAAP毛利率有望提升至55%，净亏损率持续收窄。随着推理成本优化与新一代多模态模型落 地，公司有望在AI原生应用领域开辟更大市场空间。 MINIMAX-WP(00100)早盘涨近10%，截至发稿，涨9.26%，报572港元，成交额2.85亿港元。 ...

每经AI快讯，2月3日，港股AI应用股走强。截至发稿，MINIMAX-WP(00100.HK)涨4.68%、网易- S(09999.HK)涨2.98%、智谱(02513.HK)涨2.76%。 （文章来源：每日经济新闻） ...

来源：上海证券报·中国证券网 上证报中国证券网讯（林铭溱 记者 刘逸鹏）2月2日，MINIMAX-WP早盘高开，开盘涨3.38%，随后震 荡上行，一度涨超15%。截至10时17分，MINIMAX-WP涨11.31%，报526.5港元/股。 | HK MINIMAX-WP L N | | | | --- | --- | --- | | 00100 L2 ▼ | | | | 526.500 今开 489.000 最高 548.500 最低 476.000 | | | | 748.5万 | 1131%53.500 换手 0.006% 总量 14360股 金额 | | | 重多 | 总值 1667亿 市盈 -31.87 市净 -16.43 | | | 分时 <0> | 五日 日K | 月K 更多, | | 均价: 524.083 价格: 526.500 53.500 11.31% | | | | 5481500 300 (4) | | 15.96% 卖1 531.000 | | 700 (5) | | 买1 530.000 | | 逐笔成交 ▲ | | | | 140 | | 10:17 527.500 | | 20 ...

每经AI快讯，AI大模型概念股表现亮眼。截至发稿，MINIMAX-WP(00100.HK)涨15.22%，报545港元； 智谱(02513.HK)涨6.1%，报240港元。 ...