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MiniMax Group, Inc (0100) AI Stock Analysis
MiniMax Group, Inc
(HKEX:0100)
The score is held down primarily by weak financial quality—large ongoing losses, negative free cash flow, and negative equity—indicating high funding and execution risk. Technicals further detract due to a strong downtrend (below major moving averages and negative MACD), with oversold readings offering only limited offset. Valuation is difficult to support given the negative P/E and no dividend yield data.
MiniMax Group, Inc (0100) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 56.33B
- Dividend Yield
- ―
- Average Volume (3M)
- 13.02M
- Price to Earnings (P/E)
- -3.4
- Beta (1Y)
- 0.37
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- Hong Kong
- Employees
- 415
- Sector
- General
- Sector Strength
- 55
- Industry
- Software - Infrastructure
MiniMax Group, Inc Business Overview & Revenue Model
Company Description
MiniMax Group Inc. designs and develops an artificial intelligence (AI) foundation model. The company's platform offers a wide range of modalities, including text, audio, images, video, and music. The company was founded in 2022 and is based in Georg...
MiniMax Group, Inc Financial Statement Overview
Summary
Despite extremely strong recent revenue growth and improved gross margin, the company remains deeply loss-making with very large net losses, sustained negative operating/free cash flow, and negative equity—signaling elevated solvency and funding risk.
Income Statement
18Very NegativeBalance Sheet
9Very NegativeCash Flow
16Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.58M | 79.12M | 30.52M | 3.46M | 207.76K | 1.04B |
| Gross Profit | 7.60M | 20.10M | 3.74M | -854.00K | 0 | 73.01M |
| EBITDA | -91.47M | -319.06M | -462.83M | -268.37M | -73.51M | 509.64M |
| Net Income | -1.36B | -1.87B | -465.24M | -269.25M | -73.73M | -276.90M |
Balance Sheet | ||||||
| Total Assets | 1.09B | 1.09B | 910.58M | 324.01M | 73.96M | 4.56B |
| Cash, Cash Equivalents and Short-Term Investments | 980.18M | 979.77M | 757.90M | 313.80M | 70.48M | 429.07M |
| Total Debt | 3.63B | 3.63B | 37.20M | 4.48B | 998.60M | 1.93B |
| Total Liabilities | 3.74B | 3.73B | 1.71B | 665.92M | 150.34M | 2.50B |
| Stockholders Equity | -2.65B | -2.65B | -799.32M | -341.91M | -76.37M | 2.06B |
Cash Flow | ||||||
| Free Cash Flow | -70.69M | -280.56M | -259.24M | -65.15M | -11.28M | 528.88M |
| Operating Cash Flow | -70.25M | -279.64M | -258.48M | -64.45M | -11.02M | 657.84M |
| Investing Cash Flow | 198.49M | 72.26M | -431.30M | -40.32M | -35.16M | -123.41M |
| Financing Cash Flow | 15.43M | 423.34M | 771.09M | 306.24M | 49.79M | -356.91M |
MiniMax Group, Inc Peers Comparison
Overall Rating
HK:259862Neutral
HK:992357Neutral
HK:660850Neutral
HK:995948Neutral
HK:256743Neutral- HK:010041Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:2598 | 62Neutral | HKD 3.54B | 18.03 | 5.40% | ― | 117.57% | -90.13% |
| HK:9923 | 57Neutral | HKD 1.62B | 12.89 | 3.09% | 0.86% | -4.38% | -0.12% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| HK:6608 | 50Neutral | HKD 2.77B | -5.04 | -10.08% | ― | -28.80% | -252.24% |
| HK:9959 | 48Neutral | HKD 4.97B | -92.00 | -0.61% | ― | 23.61% | 96.36% |
| HK:2567 | 43Neutral | HKD 621.09M | -11.82 | -11.42% | ― | ― | ― |
| HK:0100 | 41Neutral | HKD 56.86B | -3.35 | 108.74% | ― | ― | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:0100 | MiniMax Group, Inc | 161.30 | -183.70 | -53.25% | |
| HK:6608 | Bairong, Inc. Class B | 5.95 | -4.05 | -40.50% | |
| HK:9923 | Yeahka Limited | 3.50 | -5.16 | -59.57% | |
| HK:9959 | Linklogis Inc. Class B | 2.33 | -0.79 | -25.27% | |
| HK:2598 | Lianlian DigiTech Co., Ltd. Class H | 3.13 | -5.02 | -61.60% | |
| HK:2567 | Qiniu Limited | 0.31 | -0.47 | -60.26% |
MiniMax Group, Inc Corporate Events
MiniMax Secures Regulatory Approval for Export and Overseas Licensing of Tech Models
MiniMax Group Inc. has completed technology export registration procedures with China’s Ministry of Commerce, enabling the open-source release and overseas licensing of certain recently released and upcoming technology models in line with new r...
MiniMax Group Grants Over 2 Million Share Awards Under Post-IPO Incentive Plan
MiniMax Group Inc., a Cayman Islands-incorporated company listed in Hong Kong and controlled through weighted voting rights, operates in technology-enabled services and business development support. The company works closely with employees and extern...
MiniMax Shareholders Approve Alibaba Cloud Deals and Capital Mandates at EGM
MiniMax Group Inc. reported that all resolutions put forward at its extraordinary general meeting on 15 September 2026 were approved by shareholders via poll voting. The meeting covered supplemental agreements with Alibaba Cloud for API and cloud ser...
MiniMax Group Calls EGM to Expand Alibaba Cloud Deals and Renew Share Issuance Mandate
MiniMax Group Inc. has called an extraordinary general meeting to be held online on September 15, 2026, seeking shareholder approval for key operational and financing mandates. The meeting underscores the company’s reliance on Alibaba Cloud and...
MiniMax Revises Alibaba-Linked Caps and Seeks Share Issuance Mandate Refresh
MiniMax Group Inc. has agreed revised annual caps with Alibaba Cloud Computing Ltd. for its ongoing connected transactions under both a Master API Service Agreement and an Alibaba Cloud Services Agreement, covering the years ending December 31, 2026,...
MiniMax Group’s AI Revenue Surges as Enterprise Demand Drives Growth
MiniMax Group reported a sharp acceleration in growth for the six months to June 30, 2026, as it expanded its global AI footprint and upgraded core models. Revenue surged 283.1% year-on-year to US$116.6 million, already surpassing its full-year 2025...
MiniMax Group refreshes board with AI expert as independent director
MiniMax Group Inc. announced changes to its boardroom, underscoring the importance of independent oversight in its technology-driven strategy. The group’s governance remains anchored in a Hong Kong listing structure, using weighted voting right...
MiniMax Group Sets Out Board Line‑Up and Governance Structure
MiniMax Group Inc. has announced the current composition of its board of directors, naming four executive directors, two non‑executive directors and three independent non‑executive directors, in line with Hong Kong listing requirements. T...
MiniMax Group Sets Board Meeting to Approve Interim 2026 Results
MiniMax Group Inc., a Cayman Islands-incorporated issuer listed on the Hong Kong Stock Exchange under stock code 0100, is controlled through weighted voting rights and governed by a mixed board of executive, non-executive and independent non-executiv...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 21, 2026