On August 10, MINIMAX-W rose 5.7% in regular trading, trading at HKD 343.4/share, with turnover of HKD 517 million. The stock continues its upward momentum following its formal inclusion in the Stock Connect eligible securities list on August 6.

On the news front, the company attracted HKD 26.97 billion in net southbound capital inflows on its first day of Stock Connect eligibility, ranking first among active traded stocks. Analysts estimate that if southbound holdings eventually reach 20%-25%, potential incremental capital could exceed HKD 10 billion. Goldman Sachs reiterated its Buy rating with a target price of HKD 860, citing Stock Connect inclusion combined with rapid H3 open-source model deployment as catalysts for second-half valuation recovery.

Additionally, the company announced H3 model open-sourcing on August 3, with over 100 domestic and international partners completing Day-0 adaptation within 24 hours, covering chip manufacturers, cloud inference platforms, and AI application enterprises. The company's ARR has grown rapidly from approximately USD 100 million in December to approximately USD 430 million by April, with Token consumption increasing 152% from February to June.

(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.)