Changes in Hong Kong stocks | Smart Spectrum (02513) rose more than 5%, and the year-end ARR guidelines raised 25% to ease computing power bottlenecks, which is expected to open up the next phase of growth

The Zhitong Finance App learned that Zhi Spectrum (02513) rose by more than 5%. As of press release, it had risen 5.61% to HK$781.5, with a turnover of HK$3.4 billion.

According to the news, Zhipu recently held a conference call for analysts and investors. Management revealed several key information at the conference. These include: the supply of computing power is no longer the main constraint on revenue growth in the short term; the commercialization of Co-work progressed faster than expected. Within 1 month after GLM-5.3 was released, the Co-work industry order amount had exceeded 1 billion yuan; at the same time, Zhipu's year-end ARR (Annual Recurring Revenue) guidelines were raised from US$2.4 billion to US$3 billion, an increase of 25%.

This year, Smart Spectrum continued to expand computing power and improve the efficiency of computing power usage through All-in-Infra and the acquisition of Zhongke Jiahe. After completing a refinancing of 5 billion US dollars on September 11, Smart Spectrum once again expanded its computing power layout. The company believes that after this expansion, the scale of computing power can support rapid business growth and continuous development of larger models. Damo believes that easing the company's computing power bottleneck is expected to open up the next stage of growth.