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00100 MINIMAX-WP
已收盘 03-04 16:08:16
735.000
-86.000
-10.48%
最高
883.500
最低
711.500
成交量
260.24万
今开
827.500
昨收
821.000
日振幅
20.95%
总市值
2,305亿
流通市值
2,305亿
总股本
3.14亿
成交额
20.68亿
换手率
0.83%
流通股本
3.14亿
市净率
--
ROE
--
每股收益
0.00
52周最高
--
52周最低
--
市盈率
--
股息
--
股息收益率
--
ROA
--
分时
五日
日K
周K
月K
数据加载中...
北京优虎网络科技有限公司
免责声明:香港交易所资讯服务有限公司、其控股公司及/或该等控股公司的任何附属公司均竭力确保所提供信息的准确和可靠度,但不能保证其绝对准确和可靠,且亦不会承担因任何不准确或遗漏而引起的任何损失或损害的责任(不管是否侵权法下的责任或合约责任又或其它责任)
资讯
新帖
简况
MINIMAX-WP(00100)2月未有股份变动 股本保持稳定
公告速递 · 16分钟前
MINIMAX-WP(00100)2月未有股份变动 股本保持稳定
每日卖空追踪 | MINIMAX-WP 03月04日卖空量成交2.58万股,卖空比例为0.99%
市场透视 · 43分钟前
每日卖空追踪 | MINIMAX-WP 03月04日卖空量成交2.58万股,卖空比例为0.99%
MINIMAX-WP代币需求增长快,助收入增长,评级“增持”
摩根大通 · 59分钟前
MINIMAX-WP代币需求增长快,助收入增长,评级“增持”
“我们跑得足够快!”年轻AI公司交出“成绩单”,大模型商业化闭环跑通了?
上观新闻 · 15:10
“我们跑得足够快!”年轻AI公司交出“成绩单”,大模型商业化闭环跑通了?
异动解读 | 市场质疑估值泡沫与盈利能力,MINIMAX-WP盘中大跌5.05%
异动解读 · 14:03
异动解读 | 市场质疑估值泡沫与盈利能力,MINIMAX-WP盘中大跌5.05%
MINIMAX-WPFY25营业额超出市场预期
英皇证券 · 13:14
MINIMAX-WPFY25营业额超出市场预期
国产大模型崛起!MiniMax M2.5霸榜全球,M3.0蓄势待发决战DeepSeek V4
ITBEAR科技资讯 · 12:32
国产大模型崛起!MiniMax M2.5霸榜全球,M3.0蓄势待发决战DeepSeek V4
MINIMAX早盘涨逾7% 去年业绩超预期公司全球化竞争力持续
新浪港股 · 10:07
MINIMAX早盘涨逾7% 去年业绩超预期公司全球化竞争力持续
中金:MiniMax 2025年业绩胜预期,维持“跑赢行业”评级
格隆汇 · 09:58
中金:MiniMax 2025年业绩胜预期,维持“跑赢行业”评级
异动解读 | MiniMax财报亮眼,模型成本大降,股价盘中大涨5.24%
异动解读 · 09:41
异动解读 | MiniMax财报亮眼,模型成本大降,股价盘中大涨5.24%
MiniMax配得上2500亿市值吗?
锦缎研究院 · 07:50
MiniMax配得上2500亿市值吗?
一年亏损超18亿美元,二级市场却愿意买单!MiniMax上市后首份年报里的“势”和“险”
华夏时报网 · 03-03 21:03
一年亏损超18亿美元,二级市场却愿意买单!MiniMax上市后首份年报里的“势”和“险”
AI公司MiniMax营收不及头部网红 市值泡沫引发市场质疑
太平洋科技 · 03-03 20:02
AI公司MiniMax营收不及头部网红 市值泡沫引发市场质疑
超预期!大模型上市公司首份年报来了
张通社 · 03-03 18:37
超预期!大模型上市公司首份年报来了
小摩:MINIMAX(00100)代币需求增长快 助收入增长 评级“增持”
智通财经 · 03-03 15:51
小摩:MINIMAX(00100)代币需求增长快 助收入增长 评级“增持”
MiniMax宣布MaxClaw已在App移动端全球同步上线
环球网 · 03-03 15:08
MiniMax宣布MaxClaw已在App移动端全球同步上线
高盛:MiniMax(00100)上季业绩胜预期 目标价1018港元
智通财经 · 03-03 15:02
高盛:MiniMax(00100)上季业绩胜预期 目标价1018港元
中国银河证券:国产大模型Token通胀 持续关注恒生互联网科技巨头低位布局机会
智通财经 · 03-03 14:46
中国银河证券:国产大模型Token通胀 持续关注恒生互联网科技巨头低位布局机会
MiniMax(00100)业绩电话会:致力于从AI研发公司向平台型AI公司转型
智通财经 · 03-03 13:56
MiniMax(00100)业绩电话会:致力于从AI研发公司向平台型AI公司转型
总收入近8000万美元,超70%来自国际!这家大模型公司做对了什么?
上观新闻 · 03-03 13:34
总收入近8000万美元,超70%来自国际!这家大模型公司做对了什么?
加载更多
公司概况
公司名称:
MINIMAX-WP
所属市场:
SEHK
上市日期:
--
主营业务:
MiniMax是一家全球性的人工智能基础模型公司。成立于2022年初,我们致力于通过“与所有人共识智能”的使命,推动人工智能向AGI的前沿发展。 我们专有的多模态模型,以MiniMax M2、Hailuo2.3、Speech2.6和Music2.0为主,具备先进的编码能力和高代理性能,以及超长上下文处理能力,能够理解、生成和集成包括文本、音频、图像、视频和音乐在内的多种模态。这些模型驱动着我们主要的AI原生产品——包括MiniMax Agent、Hailuo AI、MiniMax Audio、Talkie以及面向企业和开发者的开放API平台——这些平台共同提供智能、动态的体验,提升全球用户的生产力和生活质量。 迄今为止,我们的专有模型和AI原生产品累计服务于200多个国家和地区超过2.12亿个人用户,以及100多个国家和地区的10万多家企业和开发者。
发行价格:
--
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股本保持稳定","url":"https://stock-news.laohu8.com/highlight/detail?id=1127789129","media":"公告速递","labels":["SGX"],"top":-1,"itemType":null,"share":"https://www.laohu8.com/m/news/1127789129?lang=zh_cn&edition=full","pubTime":"2026-03-04 16:57","pubTimestamp":1772614629,"startTime":"0","endTime":"0","summary":"MINIMAX Group Inc.于2026年3月4日发布截至2026年2月28日的月度证券变动报告。公告显示,当月各类股份未见新增发行或购回注销,整体股本维持稳定。报告亦确认,目前公司已满足香港联交所对于公众持股量的相关要求。公告未披露任何股份期权激励计划变动、购回或注销股份事项。公司重申其遵守香港联交所《上市规则》及相关法律法规的规定。该月报表由公司董事Yan Junjie签署。","market":"sh","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"SGX","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["00100"],"gpt_icon":0},{"id":"2616858027","title":"每日卖空追踪 | MINIMAX-WP 03月04日卖空量成交2.58万股,卖空比例为0.99%","url":"https://stock-news.laohu8.com/highlight/detail?id=2616858027","media":"市场透视","labels":[],"top":-1,"itemType":null,"share":"https://www.laohu8.com/m/news/2616858027?lang=zh_cn&edition=full","pubTime":"2026-03-04 16:30","pubTimestamp":1772613008,"startTime":"0","endTime":"0","summary":"MINIMAX-WP北京时间03月04日,跌10.48%,卖空量成交2.58万股,较上一交易日减少91.85%更多个股卖空数据请看下面视窗:卖空数据是观测市场多空博弈的关键指标:短期可反映市场情绪,高卖空比例预示看空预期,但极端值可能触发轧空反弹;长期结合基本面恶化则预警下行风险。需注意其局限性:卖空行为包含对冲需求,未必单纯看空;机构可能通过衍生品做空未体现在数据中,且散户跟风易扭曲信号。股市有风险,请谨慎决策。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260304163022a44a68d4&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260304163022a44a68d4&s=b","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tencent","symbols":["00100","BK1117"],"gpt_icon":0},{"id":"2616784580","title":"MINIMAX-WP代币需求增长快,助收入增长,评级“增持”","url":"https://stock-news.laohu8.com/highlight/detail?id=2616784580","media":"摩根大通","labels":[],"top":-1,"itemType":null,"share":"https://www.laohu8.com/m/news/2616784580?lang=zh_cn&edition=full","pubTime":"2026-03-04 16:14","pubTimestamp":1772612054,"startTime":"0","endTime":"0","summary":"这种强劲的API需求为公司2026年的收入增长提供了明确指引,预计全年收入将实现超过一倍的增长。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260304163329a6a14e12&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"property":["rate"],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260304163329a6a14e12&s=b","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tencent","symbols":["00100"],"gpt_icon":1},{"id":"2616584882","title":"“我们跑得足够快!”年轻AI公司交出“成绩单”,大模型商业化闭环跑通了?","url":"https://stock-news.laohu8.com/highlight/detail?id=2616584882","media":"上观新闻","labels":[],"top":-1,"itemType":null,"share":"https://www.laohu8.com/m/news/2616584882?lang=zh_cn&edition=full","pubTime":"2026-03-04 15:10","pubTimestamp":1772608250,"startTime":"0","endTime":"0","summary":"元宵佳节前夕,港交所上市仅52天,上海大模型公司MiniMax交出了IPO后的首份年报“成绩单”。同时,今年前两个月,MiniMax的业务进展已呈现出明显加速态势,模型调用量与新增用户规模均出现跃升。作为全球第一份大模型公司年报,它为市场洞察“大模型如何商业化”提供了宝贵窗口,亦是衡量中国AI企业能否在全球竞争中取胜的重要风向标。截至2025年末,MiniMax已在超过200个国家及地区中,累计服务超过2.36亿名用户。“这个过程中,我们跑得足够快!”","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260304151137a6a0f579&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260304151137a6a0f579&s=b","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tencent","symbols":["00100","BK1117"],"gpt_icon":0},{"id":"1193073505","title":"异动解读 | 市场质疑估值泡沫与盈利能力,MINIMAX-WP盘中大跌5.05%","url":"https://stock-news.laohu8.com/highlight/detail?id=1193073505","media":"异动解读","labels":["movement"],"top":-1,"itemType":null,"share":"https://www.laohu8.com/m/news/1193073505?lang=zh_cn&edition=full","pubTime":"2026-03-04 14:03","pubTimestamp":1772604214,"startTime":"0","endTime":"0","summary":"MINIMAX-WP今日盘中股价大幅下挫5.05%,引起了投资者的广泛关注。消息面上,尽管公司此前发布了2025年业绩超预期的财报,但市场对其高估值和持续亏损的担忧情绪开始发酵。有分析文章将公司年收入与头部网红主播对比,指出其营收规模相对较小,且增速出现下滑,引发市场对其当前超过2500亿港元市值合理性的强烈质疑。这些因素共同作用,导致了今日股价的显著回调。","market":"sg","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"movement","news_rank":0,"length":0,"strategy_id":0,"source":"ai_movement_cn","symbols":["00100"],"gpt_icon":0},{"id":"2616585934","title":"MINIMAX-WPFY25营业额超出市场预期","url":"https://stock-news.laohu8.com/highlight/detail?id=2616585934","media":"英皇证券","labels":[],"top":-1,"itemType":null,"share":"https://www.laohu8.com/m/news/2616585934?lang=zh_cn&edition=full","pubTime":"2026-03-04 13:14","pubTimestamp":1772601268,"startTime":"0","endTime":"0","summary":"作为一家全球人工智能基础模型公司,MiniMax已经建立了稳固的基础以把握这一市场潜力,并在关键领域推出了具有全球竞争力的模型。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260304133059a6a0a0e6&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260304133059a6a0a0e6&s=b","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tencent","symbols":["00100","BK1117"],"gpt_icon":1},{"id":"2616583088","title":"国产大模型崛起!MiniMax M2.5霸榜全球,M3.0蓄势待发决战DeepSeek V4","url":"https://stock-news.laohu8.com/highlight/detail?id=2616583088","media":"ITBEAR科技资讯","labels":[],"top":-1,"itemType":null,"share":"https://www.laohu8.com/m/news/2616583088?lang=zh_cn&edition=full","pubTime":"2026-03-04 12:32","pubTimestamp":1772598730,"startTime":"0","endTime":"0","summary":"MiniMax M2.5的表现尤为亮眼。得益于这款模型的爆发式增长,MiniMax在2月份的年度经常性收入直接飙升至1.5亿美元,提前完成了全年的商业化目标。在技术架构上,MiniMax M2.5选择了与同行不同的路径。下周,DeepSeek V4将正式发布,全球社区都在期待其最新的降本增效方案。与此同时,稀宇科技也计划于今年上半年推出MiniMax M3系列,进一步加剧市场竞争。这场由中国大模型引发的技术革命,正在重新定义AI应用的边界。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260304130812a449ac88&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260304130812a449ac88&s=b","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tencent","symbols":["00100","BK1117"],"gpt_icon":1},{"id":"2616043313","title":"MINIMAX早盘涨逾7% 去年业绩超预期公司全球化竞争力持续","url":"https://stock-news.laohu8.com/highlight/detail?id=2616043313","media":"新浪港股","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://www.laohu8.com/m/news/2616043313?lang=zh_cn&edition=full","pubTime":"2026-03-04 10:07","pubTimestamp":1772590020,"startTime":"0","endTime":"0","summary":" MINIMAX盘初涨超7%,截至发稿,股价上涨6.88%,报877.50港元,成交额3.51亿港元。 MiniMax日前发布2025年全年业绩公告,全年实现总收入7903.8万美元,同比大幅增长158.9%,其中超70%收入来自国际市场;毛利达2007.9万美元,同比激增437.2%,毛利率提升至25.4%。该行认为MiniMax仍是中国人工智能模型行业中最具优势的公司之一。中金也称,MiniMax2025年业绩胜该行及市场预期,看好公司文本、视频等模型持续保持全球第一梯队地位。","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.sina.com.cn/stock/hkstock/marketalerts/2026-03-04/doc-inhpuskp3491823.shtml","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":"sina","symbols":["BK1117","00100"],"gpt_icon":1},{"id":"2616606304","title":"中金:MiniMax 2025年业绩胜预期,维持“跑赢行业”评级","url":"https://stock-news.laohu8.com/highlight/detail?id=2616606304","media":"格隆汇","labels":[],"top":-1,"itemType":null,"share":"https://www.laohu8.com/m/news/2616606304?lang=zh_cn&edition=full","pubTime":"2026-03-04 09:58","pubTimestamp":1772589525,"startTime":"0","endTime":"0","summary":"3月4日,中金发表报告指,MiniMax-WP2025年业绩胜该行及市场预期,收入7904万美元,按年增长158.9%,超出该行及市场预期11%。该行维持公司2026/2027年盈利预测不变,维持“跑赢行业”评级,目标价1109港元。展望2026年模型侧,该行看好公司文本、视频等模型持续保持全球第一梯队地位。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260304100616a69fdf29&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260304100616a69fdf29&s=b","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tencent","symbols":["00100","BK1117"],"gpt_icon":1},{"id":"1182281287","title":"异动解读 | MiniMax财报亮眼,模型成本大降,股价盘中大涨5.24%","url":"https://stock-news.laohu8.com/highlight/detail?id=1182281287","media":"异动解读","labels":["movement"],"top":-1,"itemType":null,"share":"https://www.laohu8.com/m/news/1182281287?lang=zh_cn&edition=full","pubTime":"2026-03-04 09:41","pubTimestamp":1772588495,"startTime":"0","endTime":"0","summary":"AI大模型公司MINIMAX-WP今日盘中股价大涨5.24%,引起了市场的广泛关注。消息面上,公司发布了上市后首份年度业绩公告,2025年财务表现强劲。财报显示,公司全年总收入达到7904万美元,同比大幅增长158.9%。此外,公司的技术迭代与成本控制获得市场认可。同时,公司宣布将于2026年上半年发布新一代M3模型,预期性能将进一步提升。结合AI应用板块情绪回暖,多重利好共同推动了股价的上涨。","market":"nz","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"movement","news_rank":0,"length":0,"strategy_id":0,"source":"ai_movement_cn","symbols":["00100"],"gpt_icon":0},{"id":"2616308001","title":"MiniMax配得上2500亿市值吗?","url":"https://stock-news.laohu8.com/highlight/detail?id=2616308001","media":"锦缎研究院","labels":[],"top":-1,"itemType":null,"share":"https://www.laohu8.com/m/news/2616308001?lang=zh_cn&edition=full","pubTime":"2026-03-04 07:50","pubTimestamp":1772581833,"startTime":"0","endTime":"0","summary":"就在此时,中国首个大模型公司的年报出炉——MiniMax交出了上市后的首份成绩单。2025年全年,MiniMax实现营收7903.8万美元,同比增长158.9%,海外收入占比超过七成。03战略纵深:差异化赛道中的机遇与隐忧事后看来,在大模型行业同质化竞争加剧的当下,MiniMax早期的战略选择显得极为清醒。2025年9月,迪士尼等好莱坞片商在加州起诉MiniMax,指控其海螺AI在模型训练、内容生成及推广阶段存在侵权行为,潜在索赔金额可能达到数千万美元。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260304075611a4487799&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260304075611a4487799&s=b","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tencent","symbols":["00100","BK1117"],"gpt_icon":1},{"id":"2616282853","title":"一年亏损超18亿美元,二级市场却愿意买单!MiniMax上市后首份年报里的“势”和“险”","url":"https://stock-news.laohu8.com/highlight/detail?id=2616282853","media":"华夏时报网","labels":[],"top":-1,"itemType":null,"share":"https://www.laohu8.com/m/news/2616282853?lang=zh_cn&edition=full","pubTime":"2026-03-03 21:03","pubTimestamp":1772542980,"startTime":"0","endTime":"0","summary":"截至去年年底,MiniMax的产品及服务已覆盖超200个国家和地区,2025年其中国内地以外地区的收入约占总收入的73%。王超认为,MiniMax2025年在B端业务上的增长,正是顺应了这一市场逻辑。一方面,MiniMax在收入大涨的同时,亏损额也在大涨。据财报,该公司在2025年亏损18.72亿美元,较2024年4.65亿美元的亏损额大幅扩大。但如果剔除股份支付、优先股公允值变动和上市开支后,MiniMax经调整净亏损依然达到2.5亿美元,较2024年的2.44亿美元基本持平。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260303210624a69db5a4&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260303210624a69db5a4&s=b","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tencent","symbols":["00100","BK1117"],"gpt_icon":1},{"id":"2616403347","title":"AI公司MiniMax营收不及头部网红 市值泡沫引发市场质疑","url":"https://stock-news.laohu8.com/highlight/detail?id=2616403347","media":"太平洋科技","labels":[],"top":-1,"itemType":null,"share":"https://www.laohu8.com/m/news/2616403347?lang=zh_cn&edition=full","pubTime":"2026-03-03 20:02","pubTimestamp":1772539320,"startTime":"0","endTime":"0","summary":"AI大模型公司MiniMax发布上市后首份财报,2025年营收7904万美元,同比增长159%,但亏损达18.7亿美元。数据显示,头部主播董宇辉2025年带货销售额约29亿美元,是MiniMax营收的36倍。MiniMax经调整净亏损2.5亿美元,盈利能力不及头部网红主播。MiniMax营收增速从2024年的782%下滑至2025年的159%。MiniMax强调技术指标和用户增长,但缺乏实际变现能力。AI行业普遍存在估值泡沫现象,多家AI公司市值与业绩不匹配。市场期待MiniMax等公司能建立更强大的商业化模型,实现持续发展。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260303202734a446b4f6&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260303202734a446b4f6&s=b","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tencent","symbols":["BK1117","00100"],"gpt_icon":0},{"id":"2616420973","title":"超预期!大模型上市公司首份年报来了","url":"https://stock-news.laohu8.com/highlight/detail?id=2616420973","media":"张通社","labels":[],"top":-1,"itemType":null,"share":"https://www.laohu8.com/m/news/2616420973?lang=zh_cn&edition=full","pubTime":"2026-03-03 18:37","pubTimestamp":1772534271,"startTime":"0","endTime":"0","summary":"报告期内,MiniMax迎来B端、C端营收双增长,营销费用下降,以及经调整净亏损率的收窄。在上述因素的综合影响下,MiniMax2025年经调整净亏损为2.5亿美元,经调整净亏损率有所收窄。大模型产业人士认为,推理成本降至可规模化部署的水平,将进一步改变企业应用AI的投入产出比。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202603032004099542cd4b&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202603032004099542cd4b&s=b","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tencent","symbols":["BK1117","00100"],"gpt_icon":1},{"id":"2616314825","title":"小摩:MINIMAX(00100)代币需求增长快 助收入增长 评级“增持”","url":"https://stock-news.laohu8.com/highlight/detail?id=2616314825","media":"智通财经","labels":[],"top":-1,"itemType":null,"share":"https://www.laohu8.com/m/news/2616314825?lang=zh_cn&edition=full","pubTime":"2026-03-03 15:51","pubTimestamp":1772524278,"startTime":"0","endTime":"0","summary":"智通财经APP获悉,摩根大通发布研报称,予MiniMax(00100)评级“增持”,因其在AI基础模型领域兼具技术实力、多模式商业化潜力和全球可扩展性,三者结合罕见;目标价1000港元,基于2030年预测30倍市盈率,并使用15%的加权平均资本成本折现回现值。MINIMAX 2025年第四季业绩优异,收入较市场共识预期高。毛利率达到29.7%,较2025年首九个月的23.3%进一步改善。更重要的是,公司披露2026年至今,其代币(Token)需求增长迅速;M2系列文本模型的日均代币消耗量,在今年2月较去年12月增长6倍,认为这种强劲的API需求为公司今年收入增长超过一倍提供了能见度。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["rate"],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://www.zhitongcaijing.com/content/detail/1409413.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"stock_zhitongcaijing","symbols":["00100"],"gpt_icon":0},{"id":"2616316055","title":"MiniMax宣布MaxClaw已在App移动端全球同步上线","url":"https://stock-news.laohu8.com/highlight/detail?id=2616316055","media":"环球网","labels":["productRelease"],"top":-1,"itemType":null,"share":"https://www.laohu8.com/m/news/2616316055?lang=zh_cn&edition=full","pubTime":"2026-03-03 15:08","pubTimestamp":1772521702,"startTime":"0","endTime":"0","summary":"【环球网科技综合报道】3月3日消息,据 MiniMax 官方宣布,已在 MiniMax App 移动端(iOS & 安卓)全球上线 MaxClaw 功能。用户可以直接在手机端运行 OpenClaw。同时,MaxClaw 上线 Coding Plan 计费支持。用户可通过购买 MiniMax Coding Plan 运行 MaxClaw,为用户在 Agent 积分之外提供另一种付费选择。据介绍,MiniMax紧急完成了四次服务扩容,解决了因负载过高导致的响应不稳定和慢速问题,上线期间使用受影响的用户将获得积分补偿,预计今天完成发放。(青山)","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260303150918a4456b26&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260303150918a4456b26&s=b","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"productRelease","news_rank":0,"length":0,"strategy_id":0,"source":"tencent","symbols":["BK1117","00100"],"gpt_icon":0},{"id":"2616316267","title":"高盛:MiniMax(00100)上季业绩胜预期 目标价1018港元","url":"https://stock-news.laohu8.com/highlight/detail?id=2616316267","media":"智通财经","labels":[],"top":-1,"itemType":null,"share":"https://www.laohu8.com/m/news/2616316267?lang=zh_cn&edition=full","pubTime":"2026-03-03 15:02","pubTimestamp":1772521329,"startTime":"0","endTime":"0","summary":"智通财经APP获悉,高盛发布研报称,MiniMax(00100)现予目标价1018港元。公布上市以来的首份业绩,2025年第四季及全年业绩表现稳健,其中第四季收入为2600万美元,同比增长131%,较该行预期高19%。该行认为MiniMax仍是中国人工智能模型行业中最具优势的公司之一,可有效捕捉文本/编码、多模态及代理型/协作型人工智能领域的全球增长潜力。假设2026至2030年间公司的全球市场份额将由0.3%增至2.5%,并于2029年录得盈亏平衡。高盛料MiniMax2026年至2027年收入各为2.5亿美元及9.8亿美元。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["rate"],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://www.zhitongcaijing.com/content/detail/1409393.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"stock_zhitongcaijing","symbols":["00100"],"gpt_icon":0},{"id":"2616169943","title":"中国银河证券:国产大模型Token通胀 持续关注恒生互联网科技巨头低位布局机会","url":"https://stock-news.laohu8.com/highlight/detail?id=2616169943","media":"智通财经","labels":[],"top":-1,"itemType":null,"share":"https://www.laohu8.com/m/news/2616169943?lang=zh_cn&edition=full","pubTime":"2026-03-03 14:46","pubTimestamp":1772520400,"startTime":"0","endTime":"0","summary":"中国银河证券认为,伴随国产大模型能力持续提升,百模大战进入到淘汰赛阶段,或将走向token通胀,而原生大模型公司由于其业务纯粹性,相较传统互联网大厂具备优势,短期获得资金青睐与追捧,但传统互联网巨头在AI时代的流量入口之争是有必要的, 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