Knowledge Atlas 2513 (Zhipu)

[winston]

not vested

<IPO>CN 'AI 6 Tigers' KNOWLEDGE ATLAS (02513.HK) Starts IPO Today

The offering price was set at HKD116.2 per share, and the company aimed to raise approximately HKD4.349 billion.

The IPO period starts today (December 30) and will end next Monday (January 5), with the expected listing on next Thursday (January 8).

Source: AAstocks.com

http://www.aastocks.com/en/stocks/analy ... stock-news

[winston]

not vested

<IPO>KNOWLEDGE ATLAS: Significant Investment in Tech R&D Required; Profitability Timeline Not Yet Focus

When asked about the Company's breakeven timeline, Zhang believed that it is not the right time to overly focus on profitability, as technology is constantly changing and industry development is still in its early stages, requiring significant investment in technology research and development.

As for commercialization, it also depends on factors such as social acceptance and industry penetration. The Company will continue to advance technological innovation with commercialization as a clear goal.

Regarding industry competition, Zhang noted that the industry has become more 'convergent' over the past few years, with less homogeneous competition. He believed that the AI ecosystem has a very large space, with different companies finding their own positions, gradually forming layers and making the industry more stable.

Source: AAstocks.com

http://www.aastocks.com/en/stocks/analy ... stock-news

[winston]

Knowledge Atlas Technology JSC Ltd is a China-based company primarily engaged in developing general-purpose large models.

The Company mainly operates its business through two segments.

The On-premise Deployment segment is engaged in the development and provision of customised large model-related services according to the customers’ specific instructions and needs at the customers’ infrastructure.

The Cloud-based Deployment segment is engaged in the development and provision of cloud-based large model-related services to customers through cloud infrastructure.

The Company’s products and services are mainly used in smart devices, technology, Internet, financial services, manufacturing, retail, healthcare and other fields. The Company mainly conducts its business in the domestic market. *

[winston]

not vested

<Research>Zheshang Securities Initiates Coverage on KNOWLEDGE ATLAS With Rating Buy

KNOWLEDGE ATLAS (02513.HK) increased its operating revenue from RMB57.4 million to RMB724.3 million between 2022 and 2025, marking a four-year CAGR of over 130%, according to a report from Zheshang Securities.

This achievement validated the company's commercialization capabilities.

Meanwhile, the gross margin of KNOWLEDGE ATLAS' core business has remained above 40% over the long term.

The company's cost structure has completed a transition from a labor-intensive model to a computing power-driven technology model, aligning the development strategy with industry trends.

Related News: HSBC Research Initiates Coverage on Zhipu (02513.HK) and MiniMax (00100.HK) with Hold; Sees Further Revenue Upside for TENCENT (00700.HK) and ALIBABA (09988.HK)

Accordingly, Zheshang Securities decided to initiate coverage on KNOWLEDGE ATLAS with a Buy rating.

Source: AASTOCKS Financial News

http://www.aastocks.com/en/stocks/analy ... stock-news