Changes in Hong Kong stocks | MINIMAX-W (00100) rose nearly 7% in early trading, ARR surpassed 800 million US dollars in August. The market is concerned about subsequent ARR growth

The Zhitong Finance App learned that MINIMAX-W (00100) rose nearly 7% in early trading. As of press release, it rose 6.55% to HK$253.6, with a turnover of HK$1,597 billion.

According to the news, MiniMax recently announced that the H3 Max 768P and 480P will be connected to its open platform and design system. The core breakthrough was a leapfrog increase in generation speed: a complete audio and video with a resolution of 5 seconds and 768P resolution took less than 3 seconds to generate, and the qualitative change in generation speed directly spawned a new product form. Since the model can prepare the next content when the previous video is played, H3 Max has been successfully connected to the actual live broadcast by overseas developers.

Notably, MiniMax previously announced that ARR surpassed 800 million US dollars in August, of which corporate users contributed more than 80%. Changjiang Securities pointed out that subsequent ARR growth may mainly depend on the release results of M3.1, M3Pro, and H3.1. The main focus of the company's core observation in the second half of the year is on the product side focusing on the M3.1 relay, M3Pro opening capacity, and the restoration of price caps and gross margin, and the company is expected to further unleash growth potential and flexibility.