Loss of 4.7 billion, revenue below expectations, Meituan's stock price surged 32% after its first financial report, with a market value exceeding 400 billion Hong Kong dollars

According to 1M AI News monitoring, the stock price of the AI large-scale model company Intellisense (2513.HK) surged by 32.44% today, with a total market value of 409.5 billion Hong Kong dollars, reaching a historic high. Intellisense was listed on the Hong Kong Stock Exchange on January 8 at an IPO price of 116.20 Hong Kong dollars, with a market value of approximately 52.8 billion Hong Kong dollars on the first day of trading.

After yesterday's market close, Intellisense released its first annual financial report since going public. The total revenue in 2025 was 724 million yuan, a year-on-year increase of 131.9%, but lower than analysts' previous expectation of 756 million yuan; a net loss of 4.718 billion yuan, a 59.5% increase year-on-year. Gross profit increased by 68.7% year-on-year to 297 million yuan, with a gross margin decreasing from 56.3% to 41.0%. The company stated that this was mainly due to the increased proportion of cloud business, which lowered the overall margin. Research and development expenses were 3.18 billion yuan, a 44.9% increase year-on-year, which was 4.4 times the revenue for the same period.