HK Stock Market Move | MINIMAX-WP(00100) rose nearly 10% in early trading. The company recently released the MiniMax Music 2.5 audio generation model.

MINIMAX-WP(00100) rose nearly 10% in early trading, as of the time of publication, it increased by 9.26% to 572 Hong Kong dollars, with a trading volume of 285 million Hong Kong dollars. On the news front, on January 29th, MiniMax officially released the MiniMaxMusic 2.5 audio large model. Compared to the previous generation, this model has made breakthroughs in two major technical challenges of "paragraph-level strong control" and "physical-level high fidelity". According to reports, the new version can achieve more precise control of music structure and significantly improve the quality of generated audio. It is an important trend in the industry. China Securities Co., Ltd. previously pointed out that in the current wave of generative AI sweeping the world, MINIMAX, with its "anti-consensus" strategic determination, is focusing on model intelligence breakthroughs and emerging from industry competition. As one of the first companies in Shanghai to obtain a large model filing, the company, with its deep technical expertise and commercial foresight, has demonstrated strong development potential. The bank predicts that the company's revenue will maintain high-speed growth of over 90% from 2025 to 2027, Non-GAAP gross margin is expected to increase to 55%, and the net loss rate will continue to narrow. With the optimization of inference costs and the landing of new generation multimodal models, the company is expected to open up greater market space in the field of AI native applications.