On August 28, MINIMAX-W rose 3.69% in regular trading, trading at HK$328.6/share, with turnover of HK$380 million.

The rally follows the company's interim results released on August 26, which significantly exceeded market expectations. Total revenue for H1 surged 283.1% year-over-year to approximately US$117 million, reaching 1.5 times the full-year revenue of the prior year in just six months. B-end revenue grew 703.1% to US$73.9 million, with its share of total revenue rising from 30.3% to 63.4%, becoming the largest revenue contributor. Gross profit climbed 464.8% to US$20.81 million, with gross margin improving from 12.1% to 17.9%.

Following the results, Citi raised its target price from HK$533 to HK$576, while Jefferies raised its target from HK$506 to HK$533, both maintaining Buy ratings. Institutions are unanimously optimistic about upcoming models including M3.1, M3 Pro, and H3.1. Notably, annualized revenue run-rate surpassed US$800 million in August, well above prior estimates, with July token consumption growing 20x from the start of the year.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)