Zhipu AI Shares Soar on 132% Revenue Growth

Revenue Surge Drives Record Stock High

Zhipu AI shares, trading as Knowledge Atlas Tech Joint Stock, rallied as much as 35% to a record high of HK$938.0. The surge followed an announcement that its revenue for the 12 months to December 31, 2025, jumped 131.9% to HK$724.3 million, or $105.2 million, fueled by robust domestic AI demand.

Operational Performance and Financials

The company reported that on-premise deployments of its AI models constituted 74% of total revenue. Concurrently, revenue from cloud-based services grew by nearly 300%. Despite this substantial top-line growth, Zhipu AI's net loss widened by 60% to 4.7 billion yuan, and its gross profit margin shrank, highlighting increased operational costs.

Market Outlook and User Growth

As one of China's leading 'AI tigers', Zhipu AI's growth is driven by its open-source GLM models. The company stated that its platform had surpassed 4 million registered users as of March 2026, indicating strong market adoption and a solid user base for future monetization.

Summary

Zhipu AI's impressive revenue growth and stock performance underscore strong market demand. However, investors will be watching the company's path to profitability as it balances rapid expansion with widening losses and shrinking margins.

FAQ

Q: Why did Zhipu AI's stock price increase?
A: The stock surged after Zhipu AI announced its annual revenue more than doubled, increasing by 131.9%, driven by high demand for its AI services in China.

Q: What were the key financial results for Zhipu AI?
A: The company's revenue grew to HK$724.3 million for the year, but its net loss also widened significantly by 60% to 4.7 billion yuan.

Source: Investing.com