KNOWLEDGE ATLAS Shares Surge Over 5% Following GLM-5-Turbo Launch and API Price Increase; CICC Raises Target Price to HK$800

KNOWLEDGE ATLAS (02513) rose more than 5% in afternoon trading. At the time of writing, the stock was up 4.96% to HK$635, with a turnover of HK$1.057 billion. The company yesterday launched GLM-5-Turbo, its first general-purpose large model deeply optimized for specific scenarios, and simultaneously increased the API price for GLM-5-Turbo by 20%. According to evaluation results from the end-to-end benchmark ZClawBench, GLM-5-Turbo showed significant improvement over GLM-5 in specific scenarios and overall led several mainstream models in multiple key tasks. Analysts believe the popularity of certain technologies has created incremental demand for Agent deployment among individual and enterprise users. The launch of GLM-5-TURBO is expected to accelerate the penetration of Agent capabilities across various industries, becoming a new growth engine driving rapid expansion of the company's API usage, in addition to coding applications. Due to the company's rapid model iteration, there is optimism about the accelerated long-term release of its API, leading to a 16% increase in its target price to HK$800.