Z.AI（2513）株式概要Knowledge Atlas Technology Joint Stock Company Limited は、中国で大型モデル関連サービスを提供している。 詳細2513 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長2/6過去の実績0/6財務の健全性1/6配当金0/6報酬当社が推定した公正価値より81.9%で取引されている 収益は年間47.28%増加すると予測されています 過去 1 年間で収益は131.9%増加しましたリスク分析マイナスの株主資本 Hong Kong市場と比較して、過去 3 か月間の株価の変動が非常に大きい現在は利益が出ておらず、今後3年間で利益が出る見込みはない すべてのリスクチェックを見る2513 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW479,827 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA479,827 investors already sharing narrativesYour Fair ValueHK$Current PriceHK$1.04k4.7k% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-2b5b2016201920222025202620282031Revenue CN¥5.0bEarnings CN¥593.0mAdvancedSet Fair ValueView all narrativesZ.AI Co., Ltd. 競合他社Shandong Extreme Vision TechnologySymbol: SEHK:6636Market cap: HK$10.5bBeijing Zhongke WengeAI Science and TechnologySymbol: SEHK:1956Market cap: HK$16.5bDeepexi TechnologySymbol: SEHK:1384Market cap: HK$12.4bHorizon RoboticsSymbol: SEHK:9660Market cap: HK$72.6b価格と性能株価の高値、安値、推移の概要Z.AI過去の株価現在の株価HK$1,043.0052週高値HK$2,980.0052週安値HK$116.10ベータ01ヶ月の変化-5.78%3ヶ月変化-1.42%1年変化n/a3年間の変化n/a5年間の変化n/aIPOからの変化693.16%最新ニュースライブニュース • Jul 27GLM-5.2 Drives Market Recognition as Z.AI Sees Sharp Swings in ValueZ.AI’s GLM-5.2 model is gaining strong market recognition as Chinese AI firms such as Moonshot AI, Z.AI and DeepSeek compete with leading US labs by offering comparable or better models at significantly lower cost. The company is benefiting from structural supports including lower power costs in China, government backing and open-source licensing strategies, which together help it win users despite US export controls on advanced AI processors. Z.AI’s share price is HK$1,237.00, with the stock up very sharply year to date, while the past month has seen a decline of 39.5%. The key question now is whether Z.AI can convert GLM-5.2’s recognition and cost edge into durable usage and revenue while dealing with intense local competition, periodic valuation swings and ongoing export restrictions on high-end chips.お知らせ • Jul 24Z.AI Co., Ltd. (SEHK:2513) acquired CoreSigma (Beijing) Technology Co., Ltd.Z.AI Co., Ltd. (SEHK:2513) acquired CoreSigma (Beijing) Technology Co., Ltd. July 23, 2026. Z.AI Co., Ltd. (SEHK:2513) completed the acquisition of CoreSigma (Beijing) Technology Co., Ltd. July 23, 2026.Buy Or Sell Opportunity • Jul 17Now 40% undervaluedOver the last 90 days, the stock has risen 24% to HK$1,107. The fair value is estimated to be HK$1,857, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 56% over the last 3 years. Earnings per share has declined by 28%. For the next 3 years, revenue is forecast to grow by 43% per annum. Earnings are also forecast to grow by 23% per annum over the same time period.Major Estimate Revision • Jul 16Consensus revenue estimates increase by 10%, EPS downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from CN¥3.42b to CN¥3.78b. EPS estimate fell from -CN¥11.19 to -CN¥11.41 per share. Software industry in Hong Kong expected to see average net income growth of 85% next year. Consensus price target up from HK$1,325 to HK$1,579. Share price fell 24% to HK$1,548 over the past week.お知らせ • Jul 11Knowledge Atlas Technology Joint Stock Company Limited has filed a Follow-on Equity Offering in the amount of HKD 31.41064 billion.Knowledge Atlas Technology Joint Stock Company Limited has filed a Follow-on Equity Offering in the amount of HKD 31.41064 billion. Security Name: H Shares Security Type: Common Stock Securities Offered: 19,780,000 Price\Range: HKD 1588 Transaction Features: Regulation S; Rule 144A; Subsequent Direct Listingライブニュース • Jul 08Zhipu AI Pursues Custom ASIC Processor as GLM Model Usage Surges 27xKnowledge Atlas Technology’s Zhipu AI unit is in early talks with domestic chip design firms to develop a custom ASIC processor tailored to its GLM model family, after reported GLM‑5.2 usage rose 27x and as U.S. export rules on high-end semiconductors tighten. Moving to a bespoke AI chip could reduce Zhipu AI’s dependence on foreign GPU suppliers such as NVIDIA, but the article notes the design, testing and software work may take more than two years before any processor is ready. Knowledge Atlas Technology’s stock trades at HK$1,825.00, with a very large year-to-date gain of about 13x, while the share price has risen 38.9% over the past 30 days. Custom ASIC development introduces execution and timing risk for Knowledge Atlas Technology. If the effort succeeds, it could reshape its cost base and access to compute, with implications for both margins and how quickly it can scale GLM usage inside China.最新情報をもっと見るRecent updatesライブニュース • Jul 27GLM-5.2 Drives Market Recognition as Z.AI Sees Sharp Swings in ValueZ.AI’s GLM-5.2 model is gaining strong market recognition as Chinese AI firms such as Moonshot AI, Z.AI and DeepSeek compete with leading US labs by offering comparable or better models at significantly lower cost. The company is benefiting from structural supports including lower power costs in China, government backing and open-source licensing strategies, which together help it win users despite US export controls on advanced AI processors. Z.AI’s share price is HK$1,237.00, with the stock up very sharply year to date, while the past month has seen a decline of 39.5%. The key question now is whether Z.AI can convert GLM-5.2’s recognition and cost edge into durable usage and revenue while dealing with intense local competition, periodic valuation swings and ongoing export restrictions on high-end chips.お知らせ • Jul 24Z.AI Co., Ltd. (SEHK:2513) acquired CoreSigma (Beijing) Technology Co., Ltd.Z.AI Co., Ltd. (SEHK:2513) acquired CoreSigma (Beijing) Technology Co., Ltd. July 23, 2026. Z.AI Co., Ltd. (SEHK:2513) completed the acquisition of CoreSigma (Beijing) Technology Co., Ltd. July 23, 2026.Buy Or Sell Opportunity • Jul 17Now 40% undervaluedOver the last 90 days, the stock has risen 24% to HK$1,107. The fair value is estimated to be HK$1,857, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 56% over the last 3 years. Earnings per share has declined by 28%. For the next 3 years, revenue is forecast to grow by 43% per annum. Earnings are also forecast to grow by 23% per annum over the same time period.Major Estimate Revision • Jul 16Consensus revenue estimates increase by 10%, EPS downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from CN¥3.42b to CN¥3.78b. EPS estimate fell from -CN¥11.19 to -CN¥11.41 per share. Software industry in Hong Kong expected to see average net income growth of 85% next year. Consensus price target up from HK$1,325 to HK$1,579. Share price fell 24% to HK$1,548 over the past week.お知らせ • Jul 11Knowledge Atlas Technology Joint Stock Company Limited has filed a Follow-on Equity Offering in the amount of HKD 31.41064 billion.Knowledge Atlas Technology Joint Stock Company Limited has filed a Follow-on Equity Offering in the amount of HKD 31.41064 billion. Security Name: H Shares Security Type: Common Stock Securities Offered: 19,780,000 Price\Range: HKD 1588 Transaction Features: Regulation S; Rule 144A; Subsequent Direct Listingライブニュース • Jul 08Zhipu AI Pursues Custom ASIC Processor as GLM Model Usage Surges 27xKnowledge Atlas Technology’s Zhipu AI unit is in early talks with domestic chip design firms to develop a custom ASIC processor tailored to its GLM model family, after reported GLM‑5.2 usage rose 27x and as U.S. export rules on high-end semiconductors tighten. Moving to a bespoke AI chip could reduce Zhipu AI’s dependence on foreign GPU suppliers such as NVIDIA, but the article notes the design, testing and software work may take more than two years before any processor is ready. Knowledge Atlas Technology’s stock trades at HK$1,825.00, with a very large year-to-date gain of about 13x, while the share price has risen 38.9% over the past 30 days. Custom ASIC development introduces execution and timing risk for Knowledge Atlas Technology. If the effort succeeds, it could reshape its cost base and access to compute, with implications for both margins and how quickly it can scale GLM usage inside China.お知らせ • Jun 23Knowledge Atlas Technology Joint Stock Company Limited Approves Appointment of Xu Wenming as Independent Non-Executive Director and Chairperson of the Remuneration Committee of the Board and a Member of the Nomination Committee of the Board, Effective June 22, 2026Knowledge Atlas Technology Joint Stock Company Limited at its AGM held on June 22, 2026 approved that Mr. Xu Wenming has been appointed as an independent non-executive Director of the Company, with effect from the close of the Annual General Meeting on June 22, 2026 until the expiration of the term of the first session of the Board. Further to the appointment of Mr. Xu, the Board is also announced that with effect from the close of the Annual General Meeting on June 22, 2026, Mr. Xu also has been appointed as the chairperson of the remuneration committee of the Board and a member of the nomination committee of the Board.ライブニュース • Jun 16Knowledge Atlas Technology Shares Jump as US Curbs Anthropic AI AccessKnowledge Atlas Technology shares surged after the Trump administration ordered Anthropic to cut off access to its flagship AI models for all foreign nationals. In response, Zhipu announced plans to release its newest open-source large model, GLM-5.2, with an emphasis on open access for developers worldwide. Several Wall Street banks raised their ratings on Knowledge Atlas Technology, citing a perceived advantage for Chinese AI developers in the global market following the U.S. restrictions on Anthropic. The core development is that U.S. restrictions on Anthropic’s AI models appear to be shifting attention and demand toward alternative AI platforms such as Knowledge Atlas Technology and its partner Zhipu. Investors may want to watch how quickly GLM-5.2 gains adoption, as well as any future regulatory actions that could affect cross-border access to AI models and developer ecosystems.お知らせ • Jun 02Knowledge Atlas Technology Joint Stock Company Limited, Annual General Meeting, Jun 22, 2026Knowledge Atlas Technology Joint Stock Company Limited, Annual General Meeting, Jun 22, 2026, at 14:00 China Standard Time. Location: conference room-turing, 10th floor, building 9, yard 1, zhongguancun east road, haidian district, beijing ChinaReported Earnings • Apr 02Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: CN¥12.03 loss per share. Revenue: CN¥724.3m (up 132% from FY 2024). Net loss: CN¥4.70b (loss widened 237% from FY 2024). Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 74%. Revenue is forecast to grow 64% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in Hong Kong.お知らせ • Mar 18Knowledge Atlas Technology Joint Stock Company Limited to Report Fiscal Year 2025 Results on Mar 31, 2026Knowledge Atlas Technology Joint Stock Company Limited announced that they will report fiscal year 2025 results on Mar 31, 2026New Risk • Jan 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 25% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥2.6b free cash flow). Shares are highly illiquid. Negative equity (-CN¥6.2b). Earnings are forecast to decline by an average of 25% per year for the foreseeable future. Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (CN¥4.2b net loss in 2 years).お知らせ • Jan 08Knowledge Atlas Technology Joint Stock Company Limited has completed an IPO in the amount of HKD 4.348146 billion.Knowledge Atlas Technology Joint Stock Company Limited has completed an IPO in the amount of HKD 4.348146 billion. Security Name: H Shares Security Type: Common Stock Securities Offered: 7,483,900 Price\Range: HKD 116.2 Discount Per Security: HKD 2.324 Security Name: H Shares Security Type: Common Stock Securities Offered: 4,254,000 Price\Range: HKD 116.2 Discount Per Security: HKD 2.324 Security Name: H Shares Security Type: Common Stock Securities Offered: 25,681,600 Price\Range: HKD 116.2 Discount Per Security: HKD 2.324 Transaction Features: Regulation S; Sponsor Backed OfferingBoard Change • Jan 07Less than half of directors are independentThere are 10 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 10 new directors. No experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Supervisor Bo Pei is the most experienced director on the board, commencing their role in 2025. Independent Non-Executive Director Ying Tang was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.株主還元2513HK SoftwareHK 市場7D-12.5%-0.8%-0.9%1Yn/a-44.4%-4.5%株主還元を見る業界別リターン: 2513がHong Kong Software業界に対してどのようなパフォーマンスを示したかを判断するにはデータが不十分です。リターン対市場: 2513 Hong Kong市場に対してどのようなパフォーマンスを示したかを判断するにはデータが不十分です。価格変動Is 2513's price volatile compared to industry and market?2513 volatility2513 Average Weekly Movement27.6%Software Industry Average Movement9.4%Market Average Movement7.8%10% most volatile stocks in HK Market16.0%10% least volatile stocks in HK Market3.7%安定した株価: 2513の株価は、 Hong Kong市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 2513の weekly volatility ( 28% ) は過去 1 年間安定していますが、依然としてHong Kongの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト20191,094Peng Zhangwww.zhipuai.cnKnowledge Atlas Technology Joint Stock Company Limited は、中国において大規模モデル関連サービスを提供している。同社の製品には、Zhipu QingYan、Zhipu MaaS Platform、CodeGeeX、AutoGLM-Web、GLM-PC、AMiner、Youshiプラットフォームなどがある。認知知能や人工知能システムなどの一般的なモデルを提供している。また、企業環境全体でインテリジェントな自動化を実現するために設計された高度なエンタープライズAIエージェントであるCoCoを開発している。同社は、民間企業や公共部門を含む機関顧客と、個人エンドユーザーや個人開発者を含む個人ユーザーにサービスを提供している。同社は企業、研究機関、政府機関にサービスを提供している。旧社名は Beijing Zhipu Huazhang Technology Co Knowledge Atlas Technology Joint Stock Company Limitedは2019年に法人化され、中国の北京に拠点を置いている。もっと見るZ.AI Co., Ltd. 基礎のまとめZ.AI の収益と売上を時価総額と比較するとどうか。2513 基礎統計学時価総額HK$536.35b収益（TTM）-HK$2.23b売上高(TTM)HK$842.52m551.9xP/Sレシオ-208.4xPER（株価収益率2513 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計2513 損益計算書（TTM）収益CN¥724.33m売上原価CN¥427.68m売上総利益CN¥296.66mその他の費用CN¥2.22b収益-CN¥1.92b直近の収益報告Dec 31, 2025次回決算日該当なし一株当たり利益（EPS）-4.30グロス・マージン40.96%純利益率-264.86%有利子負債／自己資本比率-8.5%2513 の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/18 11:03終値2026/08/18 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Z.AI Co., Ltd. 18 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。22 アナリスト機関Tianli WenAletheia Analyst Network LimitedRobin ZhuBernsteinAlex LiuBofA Global Research19 その他のアナリストを表示
ライブニュース • Jul 27GLM-5.2 Drives Market Recognition as Z.AI Sees Sharp Swings in ValueZ.AI’s GLM-5.2 model is gaining strong market recognition as Chinese AI firms such as Moonshot AI, Z.AI and DeepSeek compete with leading US labs by offering comparable or better models at significantly lower cost. The company is benefiting from structural supports including lower power costs in China, government backing and open-source licensing strategies, which together help it win users despite US export controls on advanced AI processors. Z.AI’s share price is HK$1,237.00, with the stock up very sharply year to date, while the past month has seen a decline of 39.5%. The key question now is whether Z.AI can convert GLM-5.2’s recognition and cost edge into durable usage and revenue while dealing with intense local competition, periodic valuation swings and ongoing export restrictions on high-end chips.
お知らせ • Jul 24Z.AI Co., Ltd. (SEHK:2513) acquired CoreSigma (Beijing) Technology Co., Ltd.Z.AI Co., Ltd. (SEHK:2513) acquired CoreSigma (Beijing) Technology Co., Ltd. July 23, 2026. Z.AI Co., Ltd. (SEHK:2513) completed the acquisition of CoreSigma (Beijing) Technology Co., Ltd. July 23, 2026.
Buy Or Sell Opportunity • Jul 17Now 40% undervaluedOver the last 90 days, the stock has risen 24% to HK$1,107. The fair value is estimated to be HK$1,857, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 56% over the last 3 years. Earnings per share has declined by 28%. For the next 3 years, revenue is forecast to grow by 43% per annum. Earnings are also forecast to grow by 23% per annum over the same time period.
Major Estimate Revision • Jul 16Consensus revenue estimates increase by 10%, EPS downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from CN¥3.42b to CN¥3.78b. EPS estimate fell from -CN¥11.19 to -CN¥11.41 per share. Software industry in Hong Kong expected to see average net income growth of 85% next year. Consensus price target up from HK$1,325 to HK$1,579. Share price fell 24% to HK$1,548 over the past week.
お知らせ • Jul 11Knowledge Atlas Technology Joint Stock Company Limited has filed a Follow-on Equity Offering in the amount of HKD 31.41064 billion.Knowledge Atlas Technology Joint Stock Company Limited has filed a Follow-on Equity Offering in the amount of HKD 31.41064 billion. Security Name: H Shares Security Type: Common Stock Securities Offered: 19,780,000 Price\Range: HKD 1588 Transaction Features: Regulation S; Rule 144A; Subsequent Direct Listing
ライブニュース • Jul 08Zhipu AI Pursues Custom ASIC Processor as GLM Model Usage Surges 27xKnowledge Atlas Technology’s Zhipu AI unit is in early talks with domestic chip design firms to develop a custom ASIC processor tailored to its GLM model family, after reported GLM‑5.2 usage rose 27x and as U.S. export rules on high-end semiconductors tighten. Moving to a bespoke AI chip could reduce Zhipu AI’s dependence on foreign GPU suppliers such as NVIDIA, but the article notes the design, testing and software work may take more than two years before any processor is ready. Knowledge Atlas Technology’s stock trades at HK$1,825.00, with a very large year-to-date gain of about 13x, while the share price has risen 38.9% over the past 30 days. Custom ASIC development introduces execution and timing risk for Knowledge Atlas Technology. If the effort succeeds, it could reshape its cost base and access to compute, with implications for both margins and how quickly it can scale GLM usage inside China.
ライブニュース • Jul 27GLM-5.2 Drives Market Recognition as Z.AI Sees Sharp Swings in ValueZ.AI’s GLM-5.2 model is gaining strong market recognition as Chinese AI firms such as Moonshot AI, Z.AI and DeepSeek compete with leading US labs by offering comparable or better models at significantly lower cost. The company is benefiting from structural supports including lower power costs in China, government backing and open-source licensing strategies, which together help it win users despite US export controls on advanced AI processors. Z.AI’s share price is HK$1,237.00, with the stock up very sharply year to date, while the past month has seen a decline of 39.5%. The key question now is whether Z.AI can convert GLM-5.2’s recognition and cost edge into durable usage and revenue while dealing with intense local competition, periodic valuation swings and ongoing export restrictions on high-end chips.
お知らせ • Jul 24Z.AI Co., Ltd. (SEHK:2513) acquired CoreSigma (Beijing) Technology Co., Ltd.Z.AI Co., Ltd. (SEHK:2513) acquired CoreSigma (Beijing) Technology Co., Ltd. July 23, 2026. Z.AI Co., Ltd. (SEHK:2513) completed the acquisition of CoreSigma (Beijing) Technology Co., Ltd. July 23, 2026.
Buy Or Sell Opportunity • Jul 17Now 40% undervaluedOver the last 90 days, the stock has risen 24% to HK$1,107. The fair value is estimated to be HK$1,857, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 56% over the last 3 years. Earnings per share has declined by 28%. For the next 3 years, revenue is forecast to grow by 43% per annum. Earnings are also forecast to grow by 23% per annum over the same time period.
Major Estimate Revision • Jul 16Consensus revenue estimates increase by 10%, EPS downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from CN¥3.42b to CN¥3.78b. EPS estimate fell from -CN¥11.19 to -CN¥11.41 per share. Software industry in Hong Kong expected to see average net income growth of 85% next year. Consensus price target up from HK$1,325 to HK$1,579. Share price fell 24% to HK$1,548 over the past week.
お知らせ • Jul 11Knowledge Atlas Technology Joint Stock Company Limited has filed a Follow-on Equity Offering in the amount of HKD 31.41064 billion.Knowledge Atlas Technology Joint Stock Company Limited has filed a Follow-on Equity Offering in the amount of HKD 31.41064 billion. Security Name: H Shares Security Type: Common Stock Securities Offered: 19,780,000 Price\Range: HKD 1588 Transaction Features: Regulation S; Rule 144A; Subsequent Direct Listing
ライブニュース • Jul 08Zhipu AI Pursues Custom ASIC Processor as GLM Model Usage Surges 27xKnowledge Atlas Technology’s Zhipu AI unit is in early talks with domestic chip design firms to develop a custom ASIC processor tailored to its GLM model family, after reported GLM‑5.2 usage rose 27x and as U.S. export rules on high-end semiconductors tighten. Moving to a bespoke AI chip could reduce Zhipu AI’s dependence on foreign GPU suppliers such as NVIDIA, but the article notes the design, testing and software work may take more than two years before any processor is ready. Knowledge Atlas Technology’s stock trades at HK$1,825.00, with a very large year-to-date gain of about 13x, while the share price has risen 38.9% over the past 30 days. Custom ASIC development introduces execution and timing risk for Knowledge Atlas Technology. If the effort succeeds, it could reshape its cost base and access to compute, with implications for both margins and how quickly it can scale GLM usage inside China.
お知らせ • Jun 23Knowledge Atlas Technology Joint Stock Company Limited Approves Appointment of Xu Wenming as Independent Non-Executive Director and Chairperson of the Remuneration Committee of the Board and a Member of the Nomination Committee of the Board, Effective June 22, 2026Knowledge Atlas Technology Joint Stock Company Limited at its AGM held on June 22, 2026 approved that Mr. Xu Wenming has been appointed as an independent non-executive Director of the Company, with effect from the close of the Annual General Meeting on June 22, 2026 until the expiration of the term of the first session of the Board. Further to the appointment of Mr. Xu, the Board is also announced that with effect from the close of the Annual General Meeting on June 22, 2026, Mr. Xu also has been appointed as the chairperson of the remuneration committee of the Board and a member of the nomination committee of the Board.
ライブニュース • Jun 16Knowledge Atlas Technology Shares Jump as US Curbs Anthropic AI AccessKnowledge Atlas Technology shares surged after the Trump administration ordered Anthropic to cut off access to its flagship AI models for all foreign nationals. In response, Zhipu announced plans to release its newest open-source large model, GLM-5.2, with an emphasis on open access for developers worldwide. Several Wall Street banks raised their ratings on Knowledge Atlas Technology, citing a perceived advantage for Chinese AI developers in the global market following the U.S. restrictions on Anthropic. The core development is that U.S. restrictions on Anthropic’s AI models appear to be shifting attention and demand toward alternative AI platforms such as Knowledge Atlas Technology and its partner Zhipu. Investors may want to watch how quickly GLM-5.2 gains adoption, as well as any future regulatory actions that could affect cross-border access to AI models and developer ecosystems.
お知らせ • Jun 02Knowledge Atlas Technology Joint Stock Company Limited, Annual General Meeting, Jun 22, 2026Knowledge Atlas Technology Joint Stock Company Limited, Annual General Meeting, Jun 22, 2026, at 14:00 China Standard Time. Location: conference room-turing, 10th floor, building 9, yard 1, zhongguancun east road, haidian district, beijing China
Reported Earnings • Apr 02Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: CN¥12.03 loss per share. Revenue: CN¥724.3m (up 132% from FY 2024). Net loss: CN¥4.70b (loss widened 237% from FY 2024). Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 74%. Revenue is forecast to grow 64% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in Hong Kong.
お知らせ • Mar 18Knowledge Atlas Technology Joint Stock Company Limited to Report Fiscal Year 2025 Results on Mar 31, 2026Knowledge Atlas Technology Joint Stock Company Limited announced that they will report fiscal year 2025 results on Mar 31, 2026
New Risk • Jan 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 25% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥2.6b free cash flow). Shares are highly illiquid. Negative equity (-CN¥6.2b). Earnings are forecast to decline by an average of 25% per year for the foreseeable future. Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (CN¥4.2b net loss in 2 years).
お知らせ • Jan 08Knowledge Atlas Technology Joint Stock Company Limited has completed an IPO in the amount of HKD 4.348146 billion.Knowledge Atlas Technology Joint Stock Company Limited has completed an IPO in the amount of HKD 4.348146 billion. Security Name: H Shares Security Type: Common Stock Securities Offered: 7,483,900 Price\Range: HKD 116.2 Discount Per Security: HKD 2.324 Security Name: H Shares Security Type: Common Stock Securities Offered: 4,254,000 Price\Range: HKD 116.2 Discount Per Security: HKD 2.324 Security Name: H Shares Security Type: Common Stock Securities Offered: 25,681,600 Price\Range: HKD 116.2 Discount Per Security: HKD 2.324 Transaction Features: Regulation S; Sponsor Backed Offering
Board Change • Jan 07Less than half of directors are independentThere are 10 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 10 new directors. No experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Supervisor Bo Pei is the most experienced director on the board, commencing their role in 2025. Independent Non-Executive Director Ying Tang was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
