HK Stock Market Move | MINIMAX-WP(00100) opened nearly 10% higher with year-on-year revenue soaring by 158.9% last year. Model calls have rapidly increased.

MINIMAX-WP(00100) opened nearly 10% higher, and as of the time of writing, it is up 9.97% at 827.5 Hong Kong dollars, with a turnover of 41.2426 million Hong Kong dollars. On the news front, MiniMax released its full-year performance announcement for 2025, with total revenue reaching 79.038 million US dollars, a significant increase of 158.9% year-on-year, with over 70% of the revenue coming from international markets. Gross profit reached 20.079 million US dollars, a staggering increase of 437.2% year-on-year, with a gross profit margin of 25.4%, up 13.2 percentage points from the same period last year. Profitability has made a significant leap, with continuous optimization of commercial efficiency. Just before the Chinese New Year in 2026, MiniMax announced the launch of the new generation basic model M2.5, driving a rapid increase in model usage, with the token consumption of the M2 series text model in February 2026 already more than six times higher than in December 2025. The company has stated that in the future, it will fully transition from a large model company to an AI platform company, with intelligent density and model throughput as core indicators, driving AI to become the global new generation production infrastructure.