Domestic large models enter a new era of $1 billion ARR! Wisdom Map (02513.HK) runs beyond the commercial growth curve of Anthropic.

According to the Zhixin Finance and Economics APP, after GLM-5.2, Zhimu (02513.HK) has once again handed in an impressive answer sheet. According to "Intelligence Emerges", as of July 2026, Zhimu's ARR (Annual Recurring Revenue) has reached 1 billion US dollars. At this point, Zhimu has become the first domestic large model manufacturer to reach this business milestone, half a year ahead of market expectations for its year-end ARR of 10-15 billion US dollars, with astonishing growth rates rewriting the market's understanding of the commercialization rhythm of large models.