《大行》招商证券首予MINIMAX(00100.HK)“强烈推荐”评级 料收入持续高速增长

阿斯达克财经
Mar 11

招商证券研究报告指,MINIMAX(00100.HK) 2025年收入按年大增158.9%至7,900万美元,经调整净亏损为2.51亿美元,而2024年同期为净亏损为2.4亿美元。该行指,考虑到公司全模态自研闭环优势,该行看好其模型能力持续迭代带来的收入增长,加上行业景气度高,首次覆盖予“强烈推荐”评级,但无给予目标价;该行预期MINIMAX于2026至2028年公司收入分别增长188%、162%...

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