The A-share market experienced volatile gains today. On February 12th, the Shanghai Composite Index traded within a narrow range, while the ChiNext Index rose over 1%. At the close, the Shanghai Composite was up 0.05%, the Shenzhen Component Index gained 0.86%, and the ChiNext Index advanced 1.32%. The Sci-Tech Innovation Board Index climbed more than 1.5%.

A total of 2,108 stocks advanced, with 69 hitting the daily upper limit, while 3,280 stocks declined.

The computing power industry chain saw collective strength. In the data center sector, UCloud and Capital Online both surged by the 20% daily limit. In the liquid cooling server segment, companies such as Chunrun and Envicor also rose by the limit. For CPO, TSC and Tianfu Communication increased over 10%, reaching new highs.

The non-ferrous metals sector continued its upward trend, with stocks like Xianglu Tungsten and Zhangyuan Tungsten rising by the limit. On the downside, film and television stocks extended their adjustments, with Hengdian, Jinyi, and Bona falling by the daily limit.

The biggest market highlight was the historic surge in Hong Kong's AI sector. KNOWLEDGE ATLAS soared 30% in a single day, with its market capitalization approaching HK$200 billion. Its stock price has doubled in just four to five trading sessions.

The surge follows the release of KNOWLEDGE ATLAS's new flagship model, GLM-5. The model achieved state-of-the-art open-source performance in coding and agent capabilities, with user experience in real programming scenarios nearing that of Claude Opus4.5. It excels in complex system engineering and long-range agent tasks.

Additionally, KNOWLEDGE ATLAS issued a price adjustment notice for its GLM Coding Plan, citing strong market demand and rapid growth in users and API calls. To ensure stability and service quality under high load, the company is increasing computing power and model optimization investments. Consequently, it will structurally adjust the pricing system: removing first-purchase discounts while retaining quarterly and annual subscription discounts, with overall price increases starting from 30%. Current subscribers will not be affected.

This marks the first significant price hike for a domestic large language model recently, indicating rapidly improving technical capabilities and market competitiveness.

MINIMAX-WP also surged over 10%.