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Knowledge Atlas Technology Joint Stock Company Limited Class H
(2513)
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Rating:42Neutral
Price Target:
$1,202.00
Action:Upgraded
Date:08/05/26
The score is held down primarily by weak financial performance—massive losses, ongoing cash burn, negative equity, and sharply higher debt—despite strong revenue growth. Technicals also pressure the score with bearish trend/momentum signals. Valuation offers only modest support because losses drive a negative P/E and no dividend yield is provided.
Positive Factors
Revenue Growth
Sustained, very rapid top-line growth indicates strong product-market fit and scalable demand for the company’s offerings. Over a 2–6 month horizon this supports continued customer acquisition and the potential to leverage fixed costs, providing a durable runway for margin improvement if cost structure is managed.
Negative Factors
Deep and Worsening Losses
Extremely large negative margins indicate the business is not close to operating breakeven. Persistently widening losses erode capital and force management to prioritize survival over long-term investment, making sustainable profitability a multi-period challenge without material structural change.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained, very rapid top-line growth indicates strong product-market fit and scalable demand for the company’s offerings. Over a 2–6 month horizon this supports continued customer acquisition and the potential to leverage fixed costs, providing a durable runway for margin improvement if cost structure is managed.
Read all positive factors
Knowledge Atlas Technology Joint Stock Company Limited Class H (2513) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$582.96B
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)-1.83
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees1,094
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)N/A
Shares Outstanding241,094,600
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)-6.42
Price to Sales (P/S)-349.11
P/FCF Ratio-23.16
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$1,672.36Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering14
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Knowledge Atlas Technology Joint Stock Company Limited Class H Business Overview & Revenue Model
Company Description
Knowledge Atlas Technology Joint Stock Company Limited, together with its subsidiaries, engaged in the provision of large model-related services in the People's Republic of china. It operates through two segments: On-premise deployment, and Cloud-...
Knowledge Atlas Technology Joint Stock Company Limited Class H Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
7
Very Negative
Cash Flow
10
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | -148.94M | 312.41M | 124.54M | 57.41M |
| Gross Profit | -565.55M | 175.89M | 80.48M | 31.36M |
| EBITDA | -3.39B | -2.65B | -711.53M | -122.84M |
| Net Income | -4.58B | -2.96B | -787.96M | -143.65M |
Balance Sheet | ||||
| Total Assets | 4.86B | 4.38B | 2.86B | 361.98M |
| Cash, Cash Equivalents and Short-Term Investments | 2.75B | 2.31B | 1.41B | 260.90M |
| Total Debt | 11.31B | 940.67M | 270.88M | 12.83M |
| Total Liabilities | 12.97B | 8.33B | 3.84B | 542.16M |
| Stockholders Equity | -8.10B | -3.96B | -982.59M | -181.35M |
Cash Flow | ||||
| Free Cash Flow | -2.25B | -2.38B | -1.16B | -99.90M |
| Operating Cash Flow | -2.23B | -2.24B | -648.02M | -68.25M |
| Investing Cash Flow | -366.22M | -48.56M | -784.97M | 32.92M |
| Financing Cash Flow | 2.60B | 3.31B | 2.46B | 191.20M |
Knowledge Atlas Technology Joint Stock Company Limited Class H Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | HK$1.34B | 8.34 | 8.16% | ― | ― | ― | |
50 Neutral | HK$2.41B | 31.73 | 1.43% | ― | -0.39% | -74.19% | |
43 Neutral | HK$2.30B | -6.96 | -18.74% | ― | 23.91% | 55.97% | |
42 Neutral | HK$582.96B | -97.71 | 64.78% | ― | ― | ― | |
42 Neutral | HK$7.25B | -0.95 | 306.73% | ― | 3.32% | -126321.93% |
* General Sector Average
HK:2513
Knowledge Atlas Technology Joint Stock Company Limited Class H
1,192.00
1,060.50
806.46%
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5.36
-4.14
-43.58%
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3.93
-2.60
-39.82%
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Shanghai Voicecomm Information Technology Co Ltd Class H
37.00
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74.70
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Mininglamp Technology Class A
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-84.17%
Knowledge Atlas Technology Joint Stock Company Limited Class H Corporate Events
Z.AI Rebrands in Hong Kong With New English Name and Stock Short Name
Jul 14, 2026
Z.AI Co., Ltd., a PRC-based technology and AI-focused company listed in Hong Kong under stock code 2513, has rebranded from its former English name Knowledge Atlas Technology Joint Stock Company Limited while retaining its existing Chinese corpora...
Knowledge Atlas Technology Raises HK$31.4 Billion via H Share Placement
Jul 13, 2026
Knowledge Atlas Technology Joint Stock Company Limited, a PRC-based technology firm listed in Hong Kong under stock code 2513, has completed a significant placement of new H shares to institutional investors. The company continues to tap the offsh...
Knowledge Atlas Technology Launches HK$31.4 Billion H Share Placing
Jul 8, 2026
Knowledge Atlas Technology Joint Stock Company Limited, a PRC-incorporated firm listed in Hong Kong under stock code 2513, is issuing new H shares to professional and institutional investors via a placing. The company aims to raise sizeable offsho...
Knowledge Atlas Technology Refutes Rumours Over A-Share IPO Preparations
Jul 7, 2026
Knowledge Atlas Technology Joint Stock Company Limited, a PRC-based joint stock company listed in Hong Kong under stock code 2513, operates in the technology sector and maintains a board comprising executive, non-executive and independent non-exec...
Knowledge Atlas Tech Ratifies Governance Changes at Highly Attended AGM
Jun 22, 2026
Knowledge Atlas Technology Joint Stock Company Limited held its 2025 annual general meeting on June 22, 2026 in Beijing, in compliance with PRC company law and its Articles of Association. All directors attended, and shareholders or proxies repres...
Knowledge Atlas Technology Details Board and Committee Structure
Jun 22, 2026
Knowledge Atlas Technology Joint Stock Company Limited has announced the current composition of its board of directors, detailing the roles of executive, non-executive and independent non-executive members, including the chairmanship of the board....
Knowledge Atlas Technology Unveils Open-Source GLM-5.2 Flagship AI Model
Jun 15, 2026
Knowledge Atlas Technology has launched its latest flagship AI model, GLM-5.2, which supports context lengths of up to 1 million tokens and is positioned at the forefront of long-horizon tasks. The model will be released as open-source under the M...
Knowledge Atlas Plans A Share Issue as AGM Sets Key Capital Decisions
Jun 1, 2026
Knowledge Atlas Technology Joint Stock Company Limited has convened its 2025 annual general meeting for June 22, 2026 in Beijing, where shareholders will review the 2025 board work report, profit distribution plan, annual report, and the re-appoin...
Knowledge Atlas Plans A-Share Issue on Shanghai Sci-Tech Board and Rebranding to Z.AI
Jun 1, 2026
Knowledge Atlas Technology Joint Stock Company Limited, listed in Hong Kong and soon to be renamed Z.AI Co., Ltd., is seeking stronger alignment with China’s technology capital markets. The PRC-based tech company plans to leverage a dual-lis...
Knowledge Atlas Technology Taps Legal Scholar Xu Wenming as New Independent Director
Jun 1, 2026
Knowledge Atlas Technology Joint Stock Company Limited has nominated legal and economics scholar Xu Wenming as an independent non-executive director, with his appointment subject to approval at the 2025 annual general meeting. Xu, currently a dean...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.