HK Stock Market Move | KNOWLEDGE ATLAS(02513) surged by over 18% and officially released the GLM-5.1 model with a further 10% price increase.

KNOWLEDGE ATLAS (02513) rose more than 18% this morning, and as of the time of publication, it increased by 15.21% to HKD 897.5, with a turnover of HKD 15.4 billion and a market value exceeding HKD 400 billion. On the news front, on April 8, KNOWLEDGE ATLAS officially released the GLM-5.1 model, becoming the world's strongest open-source model, and once again increased prices by 10%. After the price increase, the caching hit token price of GLM-5.1 in the Coding scene is close to Claude Sonnet 4.6 under Anthropic. According to the KNOWLEDGE ATLAS official account, GLM-5.1 greatly improves code capabilities, especially in the completion of long-term tasks. This distinguishes GLM-5.1 from previous models with minute-level interactions as it can work independently, continuously for over 8 hours in a single task, autonomously planning, executing, self-evolving, and ultimately delivering complete engineering-level results. Guoyuan research report points out that with the high-frequency iteration from GLM-4.5 to GLM-5, the company continues to lead the world in mainstream international evaluations as the global open-source leader and number one in China, firmly in the global top tier. At the same time, as GLM penetrates deeply into scenarios such as programming and intelligent agents, the consumption of paid tokens has achieved exponential growth. The report believes that as a representative of domestic large model manufacturers, KNOWLEDGE ATLAS's performance in indicators such as revenue and gross profit gradually validates the commercialization potential of large model manufacturers, and the industry is expected to transition from the investment period to the return period.