On August 31, MINIMAX-W rose 3.13% in regular trading, trading at HK$302.6/share, with turnover of HK$519 million.

The rally follows the company's interim results released on August 26, which significantly exceeded market expectations. H1 total revenue surged 283.1% year-over-year to approximately US$117 million, reaching 1.5 times the full-year revenue for the prior year in just six months. Open platform and enterprise service revenue soared 703.1% to US$73.9 million, now accounting for 63.4% of total revenue. Notably, August annualized recurring revenue broke through US$800 million, far surpassing Jefferies' prior forecast of US$580 million, with July token consumption growing 20 times compared to early this year.

Following the earnings release, multiple institutions raised target prices: Citi lifted its target from HK$533 to HK$576, Jefferies raised its target from HK$506 to HK$533 maintaining a Buy rating, and CMB International raised its target from HK$570 to HK$580. Analysts are broadly optimistic about the growth potential from upcoming M3.1, M3 Pro, and H3.1 models.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)