智谱冲刺港交所，旗舰模型刷新国产大模型能力边界

Core Insights - Beijing Zhiyuan Huazhang Technology Co., Ltd. has officially passed the hearing of the Hong Kong Stock Exchange, potentially becoming the "first global large model stock" [1] - The company simultaneously released its flagship model GLM-4.7, achieving significant improvements in programming capability, reasoning efficiency, and token utilization, with a SWE-bench Verified score of 73.8 [1] - The token consumption has decreased by 40%, greatly optimizing the cost for developers [1] Company Developments - Zhiyuan has been recognized as a major competitor globally, being the only Chinese model company mentioned in an industry analysis report by OpenAI [1] - The GLM architecture has achieved a fully domestic breakthrough, compatible with over 40 domestic chips, and its product matrix covers language, code, and visual scenarios, making it one of the most versatile model systems in the industry [1] - Lingyun Guang's wholly-owned subsidiary plans to act as a cornerstone investor in Zhiyuan's initial public offering on the Hong Kong Stock Exchange [1] - Daguan Media's subsidiary, Dacheng Investment, has participated in a symposium with the Premier, having led the A-round financing for Zhiyuan AI in early 2021 and continued to invest in multiple rounds [1]