MINIMAX-WPFY25营业额超出市场预期

英皇证券03-04

一、公司业绩表现MiniMax Group (100HK) 在2025财年取得了显著的财务成绩，其营业额同比增长158.9%，达到7,900万美元，超出市场预期11%。毛利率也从12.2%提升至25.4%，主要得益于模型和系统效率的提高以及基础设施配置的优化。然而，净亏损扩大至19亿美元。二、全球扩张与收入来源公司的全球策略推动了国际市场的快速扩展，产品和服务已部署在超过200个国家和地区，国际...

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