HK Stock Market Move | KNOWLEDGE ATLAS (02513) opened 15% higher after its performance. Last year's revenue doubled to 724 million yuan, and the API business ARR surged 60 times.

KNOWLEDGE ATLAS (02513) opened 15% higher after the performance report, with a 15% increase as of the time of writing, reaching 797.5 Hong Kong dollars, with a turnover of 654.748 million Hong Kong dollars. On the news front, on March 31st, KNOWLEDGE ATLAS released its 2025 annual performance report. The company achieved a total revenue of 724 million RMB for the year, a year-on-year increase of 131.9%. At the same time, the company's comprehensive gross profit margin for the year was 41%, far exceeding industry standards. Looking at the business segments, the company's enterprise intelligent body business revenue increased from 47 million RMB in the previous year to 166 million RMB, an increase of 248.8%, with a revenue share of 22.9%, becoming a new growth engine. The open platform and API platform business revenue increased from 48 million RMB in the previous year to 190 million RMB, a staggering growth of 292.6%. Of note, as of the end of the reporting period, KNOWLEDGE ATLAS's API platform ARR (Annual Recurring Revenue) reached 1.7 billion RMB, a 60-fold increase over the past year. Amid industry-wide price reductions, the GLM model API bucked the trend with an 83% price increase, with call volume increasing instead of decreasing. At the same time, the MaaS API platform's gross profit margin increased nearly 5 times to 18.9% year-on-year, significantly boosting profitability.