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02513
KNOWLEDGE ATLAS
HKD
923.000-52.000
(-5.33%)
1D
AI Analysis for 02513
AI Analysis
High
970.000
Open
950.000
VWAP
931.08
Vol
568.45K
Mkt Cap
139.28B
Low
912.000
Amount
529.27M
EV/EBITDA(TTM)
--
Total Shares
445.84M
EV
52.35B
EV/OCF(TTM)
--
P/S(TTM)
501.10
Knowledge Atlas Technology JSC Ltd is a China-based company primarily engaged in developing general-purpose large models. The Company mainly operates its business through two segments. The On-premise Deployment segment is engaged in the development and provision of customised large model-related services according to the customers’ specific instructions and needs at the customers’ infrastructure. The Cloud-based Deployment segment is engaged in the development and provision of cloud-based large model-related services to customers through cloud infrastructure. The Company’s products and services are mainly used in smart devices, technology, Internet, financial services, manufacturing, retail, healthcare and other fields. The Company mainly conducts its business in the domestic market.
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News
4.5
03-23aastocksHSI Declines by 488 Points as Commodity Stocks Fall; CHIFENG GOLD Drops 19%
Market Opening: The HSI opened 1.9% lower at 24,789, with the HSCEI down 1.6% at 8,433 and HSTECH down 1.9% at 4,780.
Tech Stock Performance: Major tech stocks like TENCENT, BABA-W, and JD-SW experienced declines, with short selling ratios indicating significant market pressure.
Commodities Stocks Decline: Commodities stocks, including ZHAOJIN MINING and CHINAGOLDINTL, saw notable decreases, despite some companies reporting increased profits.
Short Selling Trends: A variety of stocks faced heavy short selling, with ratios for several companies exceeding 15%, reflecting bearish sentiment in the market.
4.5
03-16aastocksHSI Declines by 29 Points as Banking and Gold Stocks Struggle
Market Overview: The HSI opened slightly lower at 25,436, while the HSCEI and HSTECH saw minor gains, indicating mixed market sentiment.
Bank Performance: Major banks like HSBC and Standard Chartered experienced declines, with HSBC down 2.7% and Standard Chartered down 1.3%, amidst significant short selling activity.
Gold and Mining Stocks: Spot gold prices fell below USD 5,000, leading to losses in gold mining stocks such as Lingbao Gold and Zijin Mining, which dropped between 1.8% and 4.6%.
Tech Stock Movements: Tech stocks showed varied performance, with Tencent and Meituan gaining, while Baidu and Bilibili saw slight declines, reflecting a mixed outlook in the technology sector.
4.0
03-13aastocksHaitong International Begins Coverage of KNOWLEDGE ATLAS/MINIMAX-WP with an Outperform Rating
Changing Competitive Landscape: The tech model landscape is evolving rapidly, with model rankings shifting quarterly, indicating a fast-paced environment according to Haitong International's research report.
Stabilization of Market Participants: Unlike the initial surge of LLM startups during the rise of ChatGPT, the current market participants are more stable, suggesting a maturation of the competitive environment.
Potential for Growth: Haitong International believes that a more predictable competitive environment will enhance the prospects for companies like MINIMAX-WP and KNOWLEDGE ATLAS to thrive and potentially play significant roles in the AI era.
Broker Coverage Initiation: The broker has initiated coverage on KNOWLEDGE ATLAS and MINIMAX-WP with an Outperform rating, setting target prices of HKD860 and HKD1,400 respectively.
4.5
03-13aastocksHSI Declines by 133 Points; OOIL Drops 3% After Earnings Report; Oil and Coal Prices Rise
Market Opening: The Hong Kong bourse opened lower, with the HSI down 0.5% at 25,583, influenced by Iran's continued shutdown of the Strait of Hormuz.
Tech Sector Performance: Major tech stocks like TENCENT and BABA-W opened flat or slightly lower, while NTES-S saw a 1.9% increase.
Commodity Prices: Brent oil futures rose above USD100, with PETROCHINA and CNOOC opening higher, while gold prices dropped by 1% due to weakened expectations for interest rate cuts.
Company Earnings: OOIL reported a significant drop in net profit by 41%, leading to a 3.4% decline in its stock price, while POP MART's collaboration with Sanrio sold out quickly, impacting its stock negatively.
5.0
03-11aastocksKNOWLEDGE ATLAS Unveils Nationwide OpenClaw Implementation Strategy in China
Company Announcement: Knowledge Atlas (02513.HK) has launched a nationwide OpenClaw deployment plan in China, introducing AutoClaw, a local version with one-click installation.
Target Audience: The deployment aims to provide installation services for government agencies, enterprises, and universities, enabling them to access OpenClaw's full capabilities.
Money Flow
Over the past 66 trading days, overall net money flow is -155.44M, with retail investors contributing 34.69M and major investors adding -165.68M.
Net Buy $ Volume
Net Sell $ Volume
JPMorgan
JPM
Overweight
maintain
$950
2026-04-27
Reason
JPMorgan believes that the market's negative reaction to the launch of DeepSeek V4, which is seen as a competitive threat to Zhipu AI and MiniMax, is excessive. They view the launch as beneficial for the industry, as it supports key factors like computing power supply and cost efficiency. The adoption of domestic chips is expected to enhance the companies' revenue potential. JPMorgan recommends buying on dips and maintains an Overweight rating for both companies, with target prices set at HKD950 for Zhipu AI and HKD1,100 for MiniMax.
JPMorgan
Overweight
Price Target
$950
2026-04-27
maintain
JPMorgan believes that the market's negative reaction to the launch of DeepSeek V4, which is seen as a competitive threat to Zhipu AI and MiniMax, is excessive. They view the launch as beneficial for the industry, as it supports key factors like computing power supply and cost efficiency. The adoption of domestic chips is expected to enhance the companies' revenue potential. JPMorgan recommends buying on dips and maintains an Overweight rating for both companies, with target prices set at HKD950 for Zhipu AI and HKD1,100 for MiniMax.
UBS
UBS
Buy
initiated
$1,160
2026-04-21
Reason
UBS initiated a Buy rating for KNOWLEDGE ATLAS due to its strong track record in enhancing model intelligence, particularly in coding capabilities. The firm anticipates a significant increase in enterprise AI demand by early 2026, which could lead to a breakthrough in commercialization. The company's GLM-5.1 model has achieved impressive performance, ranking first among global open-source models, and its annual recurring revenue has seen substantial growth, indicating significant market potential.
UBS
Buy
Price Target
$1,160
2026-04-21
initiated
UBS initiated a Buy rating for KNOWLEDGE ATLAS due to its strong track record in enhancing model intelligence, particularly in coding capabilities. The firm anticipates a significant increase in enterprise AI demand by early 2026, which could lead to a breakthrough in commercialization. The company's GLM-5.1 model has achieved impressive performance, ranking first among global open-source models, and its annual recurring revenue has seen substantial growth, indicating significant market potential.
UBS
UBS
Buy
initiated
$1,160
2026-04-21
Reason
UBS initiated coverage on Zhipu with a Buy rating due to its strong track record in enhancing model intelligence, particularly in coding capabilities. The firm anticipates a significant increase in enterprise AI demand by early 2026, which could lead to a breakthrough in commercialization. Zhipu's GLM-5.1 model has achieved top performance among global open-source models, and the company's annual recurring revenue has seen a substantial increase. UBS forecasts a revenue CAGR of 231% from 2025 to 2027, driven by the expansion of its open platform and local deployment growth.
UBS
Buy
Price Target
$1,160
2026-04-21
initiated
UBS initiated coverage on Zhipu with a Buy rating due to its strong track record in enhancing model intelligence, particularly in coding capabilities. The firm anticipates a significant increase in enterprise AI demand by early 2026, which could lead to a breakthrough in commercialization. Zhipu's GLM-5.1 model has achieved top performance among global open-source models, and the company's annual recurring revenue has seen a substantial increase. UBS forecasts a revenue CAGR of 231% from 2025 to 2027, driven by the expansion of its open platform and local deployment growth.
Zheshang Securities
Zheshang Securities
initiated
2026-04-09
Reason
Zheshang Securities initiated coverage on KNOWLEDGE ATLAS with a Buy rating due to its significant increase in operating revenue, which is projected to grow from RMB57.4 million to RMB724.3 million between 2022 and 2025, reflecting a CAGR of over 130%. Additionally, the company's gross margin has consistently remained above 40%, and it has successfully transitioned to a technology-driven cost structure, aligning with industry trends.
Zheshang Securities
Price Target
2026-04-09
initiated
Zheshang Securities initiated coverage on KNOWLEDGE ATLAS with a Buy rating due to its significant increase in operating revenue, which is projected to grow from RMB57.4 million to RMB724.3 million between 2022 and 2025, reflecting a CAGR of over 130%. Additionally, the company's gross margin has consistently remained above 40%, and it has successfully transitioned to a technology-driven cost structure, aligning with industry trends.
JPMorgan Chase
JPMorgan Chase
Overweight
maintain
2026-04-02
Reason
JPMorgan Chase raised the target price for ZHIPU from HKD800 to HKD950 while maintaining an Overweight rating due to strong demand for its open platform API, which has led to a significant increase in revenue. The bank noted a surge in API platform revenue to USD250 million, a 6.4x increase year-to-date and a 60x rise over the past year. They are optimistic about continued growth in model iteration, token demand, and API pricing, and have raised revenue forecasts for 2026 to 2030, expecting the company to achieve profitability by 2029.
JPMorgan Chase
Overweight
Price Target
2026-04-02
maintain
JPMorgan Chase raised the target price for ZHIPU from HKD800 to HKD950 while maintaining an Overweight rating due to strong demand for its open platform API, which has led to a significant increase in revenue. The bank noted a surge in API platform revenue to USD250 million, a 6.4x increase year-to-date and a 60x rise over the past year. They are optimistic about continued growth in model iteration, token demand, and API pricing, and have raised revenue forecasts for 2026 to 2030, expecting the company to achieve profitability by 2029.
CICC
CICC
maintain
$900
2026-04-01
Reason
CICC maintained an Outperform rating for KNOWLEDGE ATLAS due to its 2025 results meeting expectations, a significant increase in annual recurring revenue (ARR) from app programming interfaces, and a positive growth trajectory for 2026 that exceeded market projections. The broker also raised its target price by 13% to $900, reflecting a higher valuation based on the company's performance.
CICC
Price Target
$900
2026-04-01
maintain
CICC maintained an Outperform rating for KNOWLEDGE ATLAS due to its 2025 results meeting expectations, a significant increase in annual recurring revenue (ARR) from app programming interfaces, and a positive growth trajectory for 2026 that exceeded market projections. The broker also raised its target price by 13% to $900, reflecting a higher valuation based on the company's performance.
CICC
CICC
maintain
$800
2026-03-17
Reason
The analyst rating of "Outperform" for KNOWLEDGE ATLAS (02513.HK) is based on several key factors highlighted in the research report by CICC. The release of the GLM-5-Turbo model, which is optimized for the OpenClaw lobster scenario, is expected to address stability, security, and enterprise usability issues, thereby enhancing user experience. Additionally, the growing popularity of OpenClaw is anticipated to drive increased demand for Agent deployment among both individual and enterprise users. This launch is seen as a catalyst for accelerating the adoption of Agent capabilities across various industries, positioning it as a new growth engine for the company's API beyond just coding. CICC also maintained its earnings forecast and expressed optimism about the long-term acceleration of the company's API release due to rapid advancements in model capabilities, leading to a 16% increase in the target price to HKD800.
CICC
Price Target
$800
2026-03-17
maintain
The analyst rating of "Outperform" for KNOWLEDGE ATLAS (02513.HK) is based on several key factors highlighted in the research report by CICC. The release of the GLM-5-Turbo model, which is optimized for the OpenClaw lobster scenario, is expected to address stability, security, and enterprise usability issues, thereby enhancing user experience. Additionally, the growing popularity of OpenClaw is anticipated to drive increased demand for Agent deployment among both individual and enterprise users. This launch is seen as a catalyst for accelerating the adoption of Agent capabilities across various industries, positioning it as a new growth engine for the company's API beyond just coding. CICC also maintained its earnings forecast and expressed optimism about the long-term acceleration of the company's API release due to rapid advancements in model capabilities, leading to a 16% increase in the target price to HKD800.
CICC
Outperform
initiated
$688
2026-02-16
Reason
CICC has given an Outperform rating to KNOWLEDGE ATLAS due to its optimistic outlook on the company as a leading manufacturer of large models, both in China and globally. The firm believes that KNOWLEDGE ATLAS's foundational model capabilities are competitive, particularly in coding scenarios, and are on par with overseas large model leaders in terms of valuation. This positive assessment is reflected in their target price of HKD688, based on a forecasted 40 times price-to-sales ratio for 2028 and a forward discount rate of 7%.
CICC
Outperform
Price Target
$688
2026-02-16
initiated
CICC has given an Outperform rating to KNOWLEDGE ATLAS due to its optimistic outlook on the company as a leading manufacturer of large models, both in China and globally. The firm believes that KNOWLEDGE ATLAS's foundational model capabilities are competitive, particularly in coding scenarios, and are on par with overseas large model leaders in terms of valuation. This positive assessment is reflected in their target price of HKD688, based on a forecasted 40 times price-to-sales ratio for 2028 and a forward discount rate of 7%.
BofA Securities
BofA Securities
maintain
2026-02-13
Reason
BofA Securities is bullish on the data center sector, particularly on VNET and GDS-SW, as well as on KINGSOFT CLOUD in the public cloud sector. The positive outlook is driven by several key developments in China's AI industry, including the release of advanced AI models by companies like ByteDance and KNOWLEDGE ATLAS, which are expected to accelerate the adoption of AI technologies among enterprises and developers. This increased demand for AI capabilities is anticipated to boost the need for data centers, particularly for model training and inference. Additionally, price hikes announced by public cloud providers are expected to stabilize IDC leasing price trends and support cloud service pricing, further enhancing the growth prospects for these companies.
BofA Securities
Price Target
2026-02-13
maintain
BofA Securities is bullish on the data center sector, particularly on VNET and GDS-SW, as well as on KINGSOFT CLOUD in the public cloud sector. The positive outlook is driven by several key developments in China's AI industry, including the release of advanced AI models by companies like ByteDance and KNOWLEDGE ATLAS, which are expected to accelerate the adoption of AI technologies among enterprises and developers. This increased demand for AI capabilities is anticipated to boost the need for data centers, particularly for model training and inference. Additionally, price hikes announced by public cloud providers are expected to stabilize IDC leasing price trends and support cloud service pricing, further enhancing the growth prospects for these companies.
Valuation Metrics
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-
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