Changes in Hong Kong stocks | MINIMAX-W (00100) rose more than 8% in early trading, and the H3 model was downloaded more than 24 million times in three weeks

The Zhitong Finance App learned that MINIMAX-W (00100) rose more than 8% in early trading. As of press release, it rose 5.20% to HK$380.2, with a turnover of HK$3,414 billion.

According to the news, MINIMAX's interim results showed that revenue for the first half of the year increased 283.1% year on year, and ToB revenue increased 703.1% year on year, accounting for 63.4%. The H3 model was downloaded more than 24 million times in the three weeks since it went live, showing the demand for model reasoning and rapid expansion of the multi-modal ecosystem. Open Source Securities pointed out that as AI video generation capabilities continue to improve, multi-modality is expected to accelerate the penetration of high-frequency content scenarios such as movies, TV, advertisements, and short dramas, promote content production efficiency improvement and cost curve restructuring, and further open up commercial space.

CITIC Construction Investment released a research report stating that the company “adheres to the strategy of minimising costs and maximizing intelligence” and continues to pay attention: focus on the release of the new M3.1 and M3 Pro models in the second half of the year, especially the scaling effects of the new flagship model; the Conch series model continues to increase market share; as the intelligence level of the head model gradually approaches, model cost ratio, single card throughput, and computing power efficiency will become the next stage of victory and loss, and is optimistic about the company's layout in this area.