Recently, the capital market has seen a strong rebound, and the AI company MiniMax has experienced a significant recovery after previous stock price fluctuations. Since the recent low point on July 27th, the stock price has risen by more than 92% within about a month. On the latest trading day, the stock price surged by more than 19% during the session, closing at 357.8 HKD, driving the company's total market value back to 124.956 billion HKD.

This strong stock performance is mainly attributed to the company's impressive mid-2026 earnings report. Data shows that MiniMax has achieved explosive growth in both business scale and commercialization. In particular, the token (unit) consumption in July showed a geometric increase, reaching 20 times that of January this year. In terms of financial data, the company's revenue in the second quarter grew by 81.8% compared to the previous quarter, while the annual recurring revenue (ARR) as of August has broken through the 800 million USD mark.

Looking at the first half of the year, MiniMax's total revenue reached 117 million USD, representing a significant 283.1% year-over-year growth. This half-year revenue performance has already surpassed the total of the entire previous year. Looking back at the market performance over the past few months, the company's capitalization process has drawn much attention. Not only did it officially list on the Hong Kong Stock Exchange at the beginning of this year, but it was also officially included in the Hong Kong Stock Connect in August, demonstrating the continuous recognition of its technological strength and commercial prospects by the capital market.