China Merchants Securities International released a research report saying that Zhisu's revenue in the first half of the year increased 400% year on year. In August, API's annualized revenue reached 1.6 billion US dollars, and commercialization progress exceeded expectations. Maintaining the “Overweight” rating, the revenue and profit forecasts were raised, and the target price was raised from HK$1,282 to HK$1,600. The bank believes that Smart Spectrum has established the most competitive “intelligence-cost” Pareto frontier among large domestic model companies with continuous and rapid model iteration capabilities, and that GLM 5.3 and 5.3 Flash are firmly stuck in the two ecologies. Annualized revenue is expected to reach 2.4 billion US dollars at the end of the year. The increase in computing power multiplier and gross margin indicates an increase in self-hematopoietic capacity. While drastically increasing revenue forecasts, the bank anticipates that the point where intelligence spectrum will turn loss into profit may be brought forward to 2028.

China Merchants Securities International released a research report saying that Zhisu's revenue in the first half of the year increased 400% year on year. In August, API's annualized revenue reached 1.6 billion US dollars, and commercialization progress exceeded expectations. Maintaining the “Overweight” rating, the revenue and profit forecasts were raised, and the target price was raised from HK$1,282 to HK$1,600. The bank believes that Smart Spectrum has established the most competitive “intelligence-cost” Pareto frontier among large domestic model companies with continuous and rapid model iteration capabilities, and that GLM 5.3 and 5.3 Flash are firmly stuck in the two ecologies. Annualized revenue is expected to reach 2.4 billion US dollars at the end of the year. The increase in computing power multiplier and gross margin indicates an increase in self-hematopoietic capacity. While drastically increasing revenue forecasts, the bank expects that the point in which smart spectrum will turn loss into profit may advance to 2028.