来了！全球大模型公司，终于有了真正可量化的财务样本。港交所上市仅52天，MiniMax交出IPO后首份年报成绩单：2026年2月ARR突破1.5亿美元，2025年营收同比增长158.9%，毛利同比飙升437%、亏损率显著收窄……但更关键的意义在于：作为全球首份大模型公司年报，它为市场洞察“大模型如何商业化”提供了宝贵窗口，更是衡量中国AI公司能否在全球竞争中胜出的重要风向标。以此为起点，我们得以...
Source Link来了！全球大模型公司，终于有了真正可量化的财务样本。港交所上市仅52天，MiniMax交出IPO后首份年报成绩单：2026年2月ARR突破1.5亿美元，2025年营收同比增长158.9%，毛利同比飙升437%、亏损率显著收窄……但更关键的意义在于：作为全球首份大模型公司年报，它为市场洞察“大模型如何商业化”提供了宝贵窗口，更是衡量中国AI公司能否在全球竞争中胜出的重要风向标。以此为起点，我们得以...
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