Changes in Hong Kong stocks | MINIMAX-W (00100) opened nearly 5%, and revenue for the first half of the year exceeded ARR of 800 million US dollars in August of last year

The Zhitong Finance App learned that MINIMAX-W (00100) opened nearly 5% higher. As of press release, it had risen 4.95% to HK$318, with a turnover of HK$128 million.

According to the news, MiniMax announced its interim results. In the first half of this year, MiniMax's total revenue increased 283.1% year over year to about 120 million US dollars, reaching 1.5 times the full revenue of 2025 in just half a year. Among them, B-side revenue increased 703.1% year-on-year to US$73.9 million, accounting for 63.4% from 30.3% in the same period last year, making it the company's largest source of revenue. At the same time, benefiting from improvements in infrastructure and full-stack efficiency, MiniMax's gross profit continued to improve, increasing 464.8% year over year to US$20.81 million.

Notably, on the evening of August 26, the company revealed at the 2026 interim results meeting that the company's annual recurring revenue (ARR) in August had exceeded 800 million US dollars, second-quarter revenue increased 81.8% month-on-month compared to the first quarter. Token consumption in July had reached 20 times that of January, and the B-side business had contributed more than 80% to the overall ARR.