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 马年港股开市首日，大模型公司智谱 （02513.HK） 、 MINIMAX-WP （00100.HK）均大幅上涨，股价 均创上市以来新高。截至目前，智谱涨超20%，MiniMax涨约14%。 | 02513 | 智谱 | 612.000 20.47% | | --- | --- | --- | | 00100 | MINIMAX-WP | 965.000 13.93% | 消息面上，据中科曙光消息，曙光SothisAI近日升级，实现智谱GLM-5、阿里Qwen3.5大模型全面接 入，并进一步简化和优化企业AI平台构建与运营流程。此外，"太初元碁"完成多款国产主流开源大模型 的深度适配工作，其中包括智谱GLM-5.0、阿里千问Qwen3.5-397B-A17B。 责任编辑：郝欣煜 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 马年港股开市首日，大模型公司智谱 （02513.HK） 、 MINIMAX-WP （00100.HK）均大幅上涨，股价 均创上市以来新高。截至目前，智谱涨超20%，MiniMax涨约14%。 消息面上，据 ...

Group 1 - Haizhi Technology Group (02706.HK) increased by 15% [1] - MINIMAX-WP (00100.HK) rose by 5.43% [1] - Zhipu (02513.HK) saw a gain of 5.12% [1]

Investment Highlights - Company MINIMAX-WP (00100) is rated as outperforming the industry with a target price of HKD 1,109.00, based on a P/S valuation method corresponding to a 75x multiple for 2027 [1] - The company is one of the few domestic firms that successfully integrates foundational model capabilities with global AI-native application commercialization, showcasing its rarity in the AI sector [1] Company Positioning - MINIMAX-WP is one of the earliest companies in China to bet on the native full-modal fusion route, advancing text, speech, and video model development simultaneously since its inception [2] - The company has demonstrated the ability to monetize overseas market scale, with over 73% of revenue from international markets covering more than 200 countries and regions in the first three quarters of 2025 [1][2] - The firm employs a "technology as product" strategy, utilizing a "front store and back factory" model to accelerate the alignment and iteration of models and products [1] Organizational Efficiency - The company maintains a high talent density and efficiency, embedding AI capabilities deeply into internal workflows, with 73.8% of its 385 employees in R&D as of Q3 2025 [2] - The organizational structure is flat, with no more than three levels below the CEO, supporting efficient model and product iteration [2] Competitive Advantage - The company possesses a unique advantage in the integrated understanding and generation of multi-modal models, emphasizing technology as a product, globalization, and high efficiency [2] Financial Projections - Revenue projections for the company are estimated at USD 71 million, USD 228 million, and USD 598 million for the years 2025, 2026, and 2027 respectively, with a CAGR of 170% from 2024 to 2027 [2] - The current trading P/S ratio is 57x for 2027, indicating a potential upside of 31% compared to the target price [2]

阿里腾讯加码。 当一众AI应用扎堆打响超"春节红包战"之际，AI独角兽月之暗面（Moonshot AI）旗下产品Kimi却悄然 放出"大招"——在完成5亿美元C轮融资仅一个多月后，新一轮超7亿美元融资已进入交割收尾阶段。 本轮融资由阿里、腾讯、五源、九安等老股东联合领投，公司估值突破100亿美元大关，正式跻身全球 独角兽行列，为热闹的春节AI赛道注入了不一样的资本信号。 Kimi创近一年行业融资纪录 1月9日，上海AI大模型公司MiniMax（00100.HK）登陆港交所主板，近3个交易日股价已累计上涨 65%，最新市值已经超过2600亿港元。 AI竞争迈入新阶段 作为国内大模型"六小虎"的领军企业之一，Kimi的融资热度折射出行业竞争格局的深刻分化。 近日，摩根大通证券（中国）发布研究报告《中国人工智能行业：全球布局与模型创新驱动新一代领军 者》。报告称，中国人工智能行业正从"百模大战"阶段，迈向以商业化落地能力、模型创新实力及全球 化布局为决定成败之关键的阶段。中国AI市场正在迅速整合，"具备实力且资金充足的模型开发商数量 已从超200家缩减至不足10家"。 短短两个月内，Kimi累计融资规模将超12亿美 ...

阿里腾讯加码。 当一众AI应用扎堆打响超"春节红包战"之际，AI独角兽月之暗面（Moonshot AI）旗下产品Kimi却悄然 放出"大招"——在完成5亿美元C轮融资仅一个多月后，新一轮超7亿美元融资已进入交割收尾阶段。 本轮融资由阿里、腾讯、五源、九安等老股东联合领投，公司估值突破100亿美元大关，正式跻身全球 独角兽行列，为热闹的春节AI赛道注入了不一样的资本信号。 Kimi创近一年行业融资纪录 短短两个月内，Kimi累计融资规模将超12亿美元，创下近一年来国内大模型行业最高融资纪录。值得 关注的是，在本轮融资即将落定之际，Kimi已启动下一轮估值100亿—120亿美元的融资计划。 回溯来看，Kimi上一轮5亿美元C轮融资于2025年12月完成并大幅超募，公司现金储备充足。月之暗面 创始人、CEO杨植麟曾在内部全员信中表示，公司账面有超过100亿元人民币的现金储备。 杨植麟在信中称："相比于二级市场，我们判断还可以从一级市场募集更大量资金。事实上，我们B/C 轮融资金额就超过绝大部分IPO募资及上市公司的定向增发。所以我们短期不着急上市，也不以上市为 目的。" 作为国内大模型"六小虎"的领军企业之一，Ki ...

Core Insights - As of February 16, a total of 88 stocks reached their 52-week highs, with the top three being Wei Jun Group Holdings (01013), MINIMAX-WP (00100), and Ai Hua Credit (01319), achieving high rates of 29.03%, 28.78%, and 26.32% respectively [1] Summary by Category 52-Week Highs - Wei Jun Group Holdings (01013) closed at 0.650, with a peak of 0.800, marking a high rate of 29.03% [1] - MINIMAX-WP (00100) closed at 847.000, reaching a high of 886.000, with a high rate of 28.78% [1] - Ai Hua Credit (01319) closed at 0.335, with a maximum of 0.360, achieving a high rate of 26.32% [1] - Other notable stocks include: - Haizhi Technology Group (02706) with a high rate of 26.10% [1] - Asia Express (08620) at 23.44% [1] - Yingda Real Estate (00432) at 15.79% [1] 52-Week Lows - The stock with the largest decline was Yuexiu Services (06626), which fell to 1.980, a decrease of 17.87% [3] - Vcredit Holdings (02003) dropped to 1.990, marking a decline of 12.44% [3] - Lin Qingxuan (02657) saw a decrease to 78.300, down by 9.54% [3] - Other significant declines include: - Jia Ming Group Holdings (01271) at -7.69% [3] - Yi He Holdings (01662) at -5.71% [3]

Market Overview - On February 16, the last trading day before the Spring Festival, Hong Kong stocks experienced a V-shaped rebound, with the Hang Seng Index rising by 0.52% after a drop of over 0.6% during the session [1][11] - The Hang Seng Technology Index increased by 0.13%, recovering from a decline of more than 1.9%, while the National Enterprises Index rose by 0.42% after a drop of over 0.8% [1][11] - Resource stocks led the gains, with Luoyang Molybdenum rising over 6%, and Zijin Mining and Ganfeng Lithium both increasing by over 4% [1][11] AI Application Sector - The AI application sector saw significant gains, with Haizhi Technology Group rising nearly 30%, MINIMAX-WP increasing by over 24%, and Maiyue Technology up by over 10% [3][13] - Other notable performers included Fubo Group, which rose by over 8%, and Zhipu, which increased by 4.74% [3][13] Precious Metals Sector - The precious metals sector, particularly gold stocks, showed strong performance, with Luoyang Molybdenum and Laopu Gold both rising over 6%, and Lingbao Gold increasing nearly 5% [6][16] - The international gold price rebounded above $5,000 per ounce after a significant drop the previous week [17][18] Oil and Gas Sector - The oil and gas sector also performed well, with CNOOC rising nearly 4%, and Sinopec Oilfield Services and CNOOC Services both increasing by over 2% [19][20] - The recent fluctuations in international oil prices are influenced by geopolitical tensions, particularly between the US and Iran, which have led to a premium on oil prices [20][21] Summary of Key Stocks - Notable stocks in the AI sector include: - Haizhi Technology Group: 29.59% increase [4][14] - MINIMAX-WP: 24.56% increase [4][14] - Maiyue Technology: 10.11% increase [4][14] - In the precious metals sector: - Luoyang Molybdenum: 6.35% increase [7][17] - Laopu Gold: 6.64% increase [7][17] - In the oil sector: - CNOOC: 4.21% increase [20]

Market Overview - The Hong Kong stock market experienced a half-day trading session on February 16, with all three major indices opening lower but recovering. The Hang Seng Index closed up 0.52% at 26,705.94 points, with a total turnover of 849.97 billion HKD. The Hang Seng Tech Index rose 0.13%, while the Hang Seng China Enterprises Index increased by 0.42% [1] - For the year of the Snake, the Hang Seng Index has gained over 32%, the Hang Seng Tech Index has risen over 13%, and the China Enterprises Index has increased by over 23% [1] Blue Chip Performance - Zijin Mining (02899) led the blue-chip stocks, rising 4.67% to 43.52 HKD, contributing 18.71 points to the Hang Seng Index. Citigroup raised its target prices for Zijin's A-shares and H-shares by over 30% due to increased gold and lithium price forecasts and higher gold sales [2] - Other notable blue-chip performers included China Hongqiao (01378) up 3.92%, CNOOC (00883) up 3.71%, while HSBC Holdings (00005) fell 1.11% [2] Sector Highlights - The technology sector showed mixed results, with Alibaba down 0.45%, Baidu up over 1%, and Tencent up 0.19%. The storage chip sector saw significant price increases, with companies like Lianqi Technology and Zhaoyi Innovation reaching new highs [3] - The storage chip price surge is expected to improve profitability across the NAND industry, with Kioxia projecting a 50% increase in average selling prices starting Q1 2026. Morgan Stanley estimates Kioxia's adjusted gross margin will reach 66% in Q1 [3] - The large model AI sector also saw significant gains, with MINIMAX (00100) up 24.56% and Zhipu AI (02513) up 4.74%. MINIMAX launched a new flagship programming model, while Zhipu announced a price increase for its AI programming subscription [4] Commodity and Energy Stocks - The non-ferrous metals sector experienced broad gains, with Luoyang Molybdenum (03993) up 6.35%, China Nonferrous Mining (01258) up 5.55%, and Zijin Mining (02899) also contributing to the sector's performance [4] - The oil and shipping sectors remained active, with rising sentiments among shipowners due to geopolitical tensions, leading to higher freight rates [10] Recent Developments - The Hang Seng Index Company announced its quarterly review results, with companies like CATL, Luoyang Molybdenum, and Laopuhuang being added to the Hang Seng Index, increasing the number of constituent stocks from 88 to 90 [7] - Haizhi Technology Group (02706) saw a significant rise of 29.59% on its second day of trading, attributed to its focus on AI solutions and rapid revenue growth [8] - Fubo Group (03738) also experienced an 8.22% increase, driven by the popularity of its new copyright management platform [9]

香港恒生指数收盘涨0.52%，恒生科技指数涨0.13%。MINIMAX-WP收涨24.56%，智谱涨4.74%。老铺 黄金涨6.64%，洛阳钼业涨6.35%。宁德时代涨2.71%。因春节假期，港股今日下午休市。 ...

Core Viewpoint - MINIMAX-WP (00100.HK) has seen a significant increase in its stock price, rising over 9% and reaching a new high since its listing [1] Group 1 - The stock price of MINIMAX-WP increased by 9.04%, trading at 741.5 HKD at the time of reporting [1] - The stock reached an intraday high of 764 HKD, marking a new record since its initial public offering [1] - The trading volume was reported at 549 million HKD [1]