Movement Alert｜MINIMAX-W Rises 3.33% in Regular Trading, H3 Max Model Tops Benchmarks as Strong Interim Results Continue to Ferment

Market Focus

Sep 03

On September 3, MINIMAX-W rose 3.33% in regular trading, trading at 354.4 HKD/share, with turnover of 13.17 billion HKD, extending its recent strong momentum.

On the news front, MiniMax recently announced that H3 Max 768P and 480P have been officially integrated into its open platform, capable of generating a 5-second 768p video in under 3 seconds, with throughput approximately 35 times that of the official H3 endpoint. The model currently tops both the Design Arena and Artificial Analysis image-to-video leaderboards. Meanwhile, the company reported H1 total revenue growth of 283.1% YoY to approximately 120 million USD, with B-end revenue surging 703.1% YoY. August ARR surpassed 800 million USD, far exceeding institutional estimates. Multiple brokerages including Citi, Jefferies, and CMB International have raised their target prices, with CMB International lifting its target to 580 HKD. Institutions broadly expect that if new models such as M3 Pro are released within Q3, they will further accelerate ARR growth.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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