港股詳情

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智譜

197.800

+39.20024.72%

成交量：340.29萬

成交額：6.37億

市值：870.78億

市盈率：-26.54

高：207.000

開：182.300

低：165.100

收：158.600

52周最高：207.000

52周最低：116.100

股本：4.40億

香港流通股本：2.16億

量比：1.03

換手率：1.58%

股息：- -

股息率：- -

每股收益(LYR):-7.454

淨資產收益率：--

總資產收益率：-44.20%

市淨率：-12.68

市盈率(LYR):-26.54

市銷率: 169.94

資料載入中...

總覽公司新聞資訊公告

成立僅4年、「人均95後」，這家公司上市大漲109%，創始人：只是啱啱開始！專家：還不能高興得太早

每日经济新闻

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华夏时报网

上市搶先，估值落後——智譜跟MiniMax差在了哪裏？

智通港股解盤 | AI+再度爆發成新引擎海外礦業巨頭擬合併或刺激資源再起

「大模型第一股」智譜董事長劉德兵：AI價格戰將打到全球

破千億，MiniMax也創造了屬於自己的時刻

大模型第一股，沒等來市場狂歡

MiniMax對決智譜，誰才算「六小虎」領軍者？

Ofweek维科网

VC的錢「燒不起」了，智譜、MiniMax等大模型獨角獸IPO進程加速

市值580億，清華學霸幹出全球大模型第一股！

A股兩市成交額再破3萬億元，AI應用端概念股爆發

三湘都市报

「國產大模型雙雄」上市，誰是這場AI盛宴中的獲益者？

【財經分析】開年港股IPO「AI浪潮」——從智譜到MiniMax的價值與分化

智通港股52周新高、新低統計|1月9日

智通财经网

智譜千億市值困局：燒錢換增長能贏OpenAI嗎？

财经深研所

智譜01月09日主力淨流入3939.8萬元散户資金拋售

智譜720億、MiniMax超900億，AI大模型商業化加速

Ofweek光电信息网

智譜MiniMax港交所競速：TO B與TO C雙軌並行，AI賽道誰將率先突圍？

ITBEAR科技资讯

智譜登陸港交所，董事長劉德兵：「有幸站在歷史性的起點」

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23:05","pubTimestamp":1767971100,"startTime":"0","endTime":"0","summary":"1月8日和9日，智谱和MiniMax先后挂牌港交所，成为名副其实的“全球大模型第一股”与“全球大模型第二股”。上市首日的表现，MiniMax明显比智谱出彩得多。而且MiniMax的主要战场并不是国内，而是海外。截至2025年9月30日，MiniMax已迅速扩张至全球200多个国家和地区。值得一提的是，同样属于AI概念，同样处于亏损状态，智谱与MiniMax上市首日表现与上个月摩尔线程和沐曦股份刚上市时有较大差异。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260109230811a4b0ea40&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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22:58","pubTimestamp":1767970680,"startTime":"0","endTime":"0","summary":"　　继1月8日“全球大模型第一股”智谱登陆港交所后，1月9日，MiniMax紧随其后挂牌，两家中国大模型独角兽在港股连轴登场，股价走势却走出鲜明反差。智谱香港公开发售获约1159倍超额认购，上市首日走势可谓“先压后稳”，总体偏理性。　　一天之后，MiniMax在港交所亮相。公开数据显示，共有20.4万散户参与智谱认购；而MiniMax则有超过40万。","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.sina.com.cn/stock/s/2026-01-09/doc-inhftpvn1316786.shtml","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"sina","symbols":["02513"],"gpt_icon":1},{"id":"2602759223","title":"智通港股解盤 | AI+再度爆發成新引擎 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月就业数据。当地时间周五，力拓集团和嘉能可双双发布声明，确认两家矿业巨头正在就潜在的业务合并事宜进行初步磋商。如果合并，全球资源类将进一步集中形成垄断，对资源类再度形成刺激。","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://www.zhitongcaijing.com/content/detail/1391135.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"stock_zhitongcaijing","symbols":["BK1505","02865","LU2357305700.SGD","01787","LU0210536198.USD","00100","01818","LU0082770016.SGD","02431","LU0345769631.USD","LU1188198961.HKD","02192","02513","BK1576","LU1548497426.USD","03899","LU2403377893.USD","02533","LU0708995401.HKD","LU1066051225.USD","06682","LU1861559042.SGD","03993","01171","BK1613","BK1586","06127","LU0316494557.USD","02506","LU0964807845.USD","LU1674673428.USD","01773","IE00BK4W5M84.HKD","BK4598","01088","01860","TSYW.SI","LU2290526834.HKD","06680","LU0345770993.USD","BK1500","02600","01357","01898","LU0082770016.USD","LU1551013425.SGD","LU2125910500.SGD"],"gpt_icon":1},{"id":"2602373052","title":"「大模型第一股」 智譜董事長劉德兵：AI價格戰將打到全球","url":"https://stock-news.laohu8.com/highlight/detail?id=2602373052","media":"爱集微","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2602373052?lang=zh_tw&edition=fundamental","pubTime":"2026-01-09 20:34","pubTimestamp":1767962096,"startTime":"0","endTime":"0","summary":"智谱北京时间1月8日，据彭博社报道，智谱今天正式在港交所挂牌上市，成为“全球大模型第一股”。智谱董事长刘德兵在接受采访时表示，AI价格战将会扩大到国际市场。智谱联合创始人兼董事长刘德兵在接受彭博电视采访时表示：“一旦市场通过充分竞争而成熟，更多人将会了解这些模型的能力、性能和定价，市场将达到一种均衡状态。”智谱此次通过在港交所上市融资5亿多美元，其对手MiniMax也将于周五在港交所上市。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260109203537a70761b4&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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19:36","pubTimestamp":1767958572,"startTime":"0","endTime":"0","summary":"公开资料显示，智谱引入11家基石投资者，合计认购约29.8亿港元，占发售股份约68.63%；MiniMax则引入14家基石投资者，合计认购约3.5亿美元，占比约67.88%。随着钟声敲响，智谱和MiniMax的“AI六小龙”的叙事告一段落。相比之下，登陆港股的智谱与MiniMax的走势显得要“稳健”一些。但无论如何，对于智谱和MiniMax而言，AI“小龙”故事已经翻页，两家小步快跑进入公开市场大模型企业，已经收获了资本市场的聚焦，在新的赛道上瞄准那个属于自己的时刻。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260109194039a707305d&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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15:26","pubTimestamp":1767943560,"startTime":"0","endTime":"0","summary":"根据MiniMax披露的关联交易显示，2026年、2027年及2028年与阿里云计算年度服务金额上限分别为1.15亿美元、1.25亿美元、1.35亿美元。其中，智谱与MiniMax率先勇闯资本市场，通过在港上市共筹得超90亿港元。席卷而来的大模型浪潮，从智谱与MiniMax营收来看，大模型的商业化进程正呈现爆发式增长态势。2025年上半年，智谱亏损高达23.5亿元；MiniMax在2025年前三季度亏损为5.12亿美元，能从大模型真正赚到钱的则是售卖算力服务及AI芯片的厂商。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260109153127a4af3a28&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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C做爆款”路线，凭借C端产品快速打开全球市场，用户覆盖范围广泛，但收入规模相对较小，且需应对版权诉讼等国际化经营挑战。在港股这个以理性著称的资本舞台上，智谱与MiniMax的竞速，本质上是技术理想主义与商业现实主义的碰撞，而最终答案，或许要等待行业生态的进一步成熟才能揭晓。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260109150517a4af2141&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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Agent数量已突破80万。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260109143553a70602b6&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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