Zhipu's stock price once rose by more than 32%, reaching a new high since its listing.

On February 9th, Zhishu surged in the afternoon, rising more than 32% at one point to a high of HK$269 per share, reaching a new high since its listing. As of 1:55 pm, Zhishu was trading at HK$264.2 per share, up 30.02%. On the news front, Guotai Junan Securities recently released a research report stating that Zhishu's model product matrix is complete, laying a good foundation for its commercialization. As a leading domestic large-scale model service provider, Zhishu has its self-developed GLM-based large-scale models as the core, forming a complete model matrix including multi-modal, Agent, and Coding, providing API services, localized deployment, and industry solutions for enterprise customers. In the first half of 2025, the company achieved a revenue of 190 million yuan, still achieving rapid growth in a high base environment, showing the continuous realization of the company's commercialization capabilities.