KNOWLEDGE ATLAS (02513) opened more than 7% higher today, extending a cumulative surge of 130% since February and pushing its total market capitalization above HK$230 billion. At the time of writing, the stock was up 7.63% to HK$522, with a turnover of HK$23.6988 million.

The rally follows the company's February 11 launch of its new flagship model, GLM-5. Internal evaluations indicate that the model's average performance in programming development scenarios, including front-end and back-end tasks, has improved by more than 20% compared to the previous generation.

Concurrently, KNOWLEDGE ATLAS announced a price increase for its AI programming subscription service, GLM Coding Plan, with overall package prices rising by at least 30%. The official GLM Coding Plan sold out immediately after launch. Such high demand for a paid subscription service for a domestic AI programming model is relatively uncommon in the industry.

Notably, recent updates on the China Securities Regulatory Commission website show that KNOWLEDGE ATLAS has withdrawn its IPO tutoring filing submitted in April 2025 and registered a new filing. The latest filing indicates the company now aims to list on the STAR Market. Additionally, its IPO tutoring institutions have been changed from solely China International Capital Corporation to a combination of Guotai Haitong Securities and China International Capital Corporation.