异动解读 | 代码能力升级获认可，MINIMAX-WP盘中大涨9.74%

异动解读04-01

MINIMAX-WP(00100)今日盘中大涨9.74%，表现强劲，引发市场关注。

消息面上，根据中信证券发布的最新研报，国产大模型厂商正聚焦于Agent及代码能力升级。其中，MiniMax的代码能力进一步升级，其M2.7模型在SWE-Pro测试中得分56.22%，超越了Gemini 3.1 Pro；在衡量端到端完整项目交付场景的VIBE-Pro测试中得分55.6%，与Claude Opus 4.6比肩，显示出对软件系统运行逻辑的理解进一步增强。这些技术进步显著增强了市场对公司技术实力和未来增长潜力的信心。

研报同时指出，国产大模型正经历密集迭代升级，能力持续突破。MiniMax的M2系列模型在强化学习等场景中参与训练过程，实现了模型的自我迭代。在AI编程领域，从代码补齐工具到项目级别自主智能体的演进，以及多Agent系统的潜力释放，都为相关公司带来了新的发展机遇。

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