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An update from Knowledge Atlas Technology Joint Stock Company Limited Class H ( (HK:2513) ) is now available.
Knowledge Atlas reported 2025 revenue of RMB724.3 million, up 131.9% year on year, and gross profit growth of 68.7%, while its adjusted net loss widened to RMB3.18 billion amid a sharp 44.9% increase in R&D expenses. Management attributed the strong top-line expansion to rapid global adoption of its GLM series models and industrial-grade agentic engineering services, which have strengthened its technological leadership but kept the business in a heavy investment phase as it pursues AGI and scales paid token consumption.
The company highlighted that its GLM-4.5 to GLM-5 iterations ranked at the top of global open-source benchmarks and first in China, reinforcing its pricing power in cognitive intelligence solutions. It also reported exponential growth in paid token usage across core use cases such as coding and agents, alongside engineering-driven cost reductions that improved gross profit, signaling a strategy focused on converting cutting-edge AI capabilities into scalable commercial value despite ongoing large losses.
More about Knowledge Atlas Technology Joint Stock Company Limited Class H
Knowledge Atlas Technology Joint Stock Company Limited is a China-based artificial intelligence company focused on foundational large language models, platforms and an associated developer ecosystem. Its GLM series models target global markets in programming, AI agents and enterprise-level large-model services, serving users in 218 countries and regions and collaborating with millions of SMEs and developers.
Average Trading Volume: 3,542,195
Current Market Cap: HK$297.8B
For a thorough assessment of 2513 stock, go to TipRanks’ Stock Analysis page.