HK Stock Market Move | MINIMAX(00100) rose by over 7%, exceeding last year's performance expectations. The company's global competitiveness continues.

MINIMAX (00100) rose more than 7%, as of the time of writing, it had risen by 6.82% to 877 Hong Kong dollars, with a turnover of 2.83 billion Hong Kong dollars. On the news front, MiniMax recently released its 2025 annual performance announcement, achieving a total revenue of 79.038 million US dollars for the year, 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 sharp increase of 437.2% year-on-year, with a gross profit margin of 25.4%. Before the Spring Festival of 2026, MiniMax released the new generation basic model M2.5, driving rapid growth in model call volume, with the text model series M2 consuming more than 6 times the amount of tokens in February 2026 compared to December 2025. Goldman Sachs pointed out that the company's performance in the fourth quarter of 2025 and for the full year was robust, with fourth quarter revenue of 26 million US dollars, a 131% year-on-year increase, 19% higher than the bank's expectations. The bank believes MiniMax remains one of the most advantageous companies in the Chinese artificial intelligence model industry. CICC also stated that MiniMax's 2025 performance exceeded the bank's and market expectations, and they are optimistic about the company's continued global leading position in text, video, and other models.