Want to see HK:0100 full AI Analyst Report?
Top Page
MiniMax Group, Inc
(0100)
Select Model
Select Model
Rating:46Neutral
Price Target:
HK$294.00
▼(-2.13% Downside)
Action:Reiterated
Date:08/22/26
The score is driven primarily by weak financial performance—deep ongoing losses, sustained cash burn, and negative equity—despite strong revenue growth. Technical indicators are modestly positive and help offset some risk, but valuation remains challenged due to loss-making profitability and the absence of a dividend yield.
Positive Factors
Exceptional Revenue Growth
Rapid top-line expansion indicates strong demand and improving commercial reach. If sustained, this growth can increase operating scale and provide a larger revenue base from which to absorb fixed costs and pursue eventual profitability.
Negative Factors
Persistent Heavy Losses
Severe operating and net losses weaken financial resilience and make profitability improvement dependent on continued growth or substantial cost reductions. Persistent losses may also require additional financing, increasing dilution or balance-sheet pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Exceptional Revenue Growth
Rapid top-line expansion indicates strong demand and improving commercial reach. If sustained, this growth can increase operating scale and provide a larger revenue base from which to absorb fixed costs and pursue eventual profitability.
Read all positive factors
MiniMax Group, Inc (0100) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$126.21B
Dividend YieldN/A
Average Volume (3M)14.21M
Price to Earnings (P/E)―
Beta (1Y)-0.02
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees415
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-4.45
Shares Outstanding268,132,780
10 Day Avg. Volume15,006,806
30 Day Avg. Volume14,211,389
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)-5.11
Price to Sales (P/S)171.09
P/FCF Ratio-48.25
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$541.94Price Target Upside80.40% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering14
EPS Forecast (FY)-17.43
Revenue Forecast (FY)HK$3.59B
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 Ge...
MiniMax Group, Inc Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
16
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 79.12M | 30.52M | 3.46M | 207.76K | 1.04B |
| Gross Profit | 20.10M | 3.74M | -854.00K | 0.00 | 73.01M |
| EBITDA | -321.74M | -462.83M | -268.37M | -73.51M | 509.64M |
| Net Income | -1.87B | -465.24M | -269.25M | -73.73M | -276.90M |
Balance Sheet | |||||
| Total Assets | 1.09B | 910.58M | 324.01M | 73.96M | 4.56B |
| Cash, Cash Equivalents and Short-Term Investments | 979.77M | 757.90M | 313.80M | 70.48M | 429.07M |
| Total Debt | 3.63B | 37.20M | 4.48B | 998.60M | 1.93B |
| Total Liabilities | 3.73B | 1.71B | 665.92M | 150.34M | 2.50B |
| Stockholders Equity | -2.65B | -799.32M | -341.91M | -76.37M | 2.06B |
Cash Flow | |||||
| Free Cash Flow | -280.56M | -259.24M | -65.15M | -11.28M | 528.88M |
| Operating Cash Flow | -279.64M | -258.48M | -64.45M | -11.02M | 657.84M |
| Investing Cash Flow | 72.26M | -431.30M | -40.32M | -35.16M | -123.41M |
| Financing Cash Flow | 423.34M | 771.09M | 306.24M | 49.79M | -356.91M |
MiniMax Group, Inc Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | HK$4.37B | 22.53 | 5.40% | 0.19% | 113.85% | -90.13% | |
60 Neutral | HK$2.05B | 16.44 | 3.07% | 0.00% | -4.38% | -0.12% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | HK$4.86B | -90.00 | -0.61% | 3.49% | 23.61% | 96.36% | |
50 Neutral | HK$2.34B | -4.30 | -10.08% | ― | -28.80% | -252.24% | |
46 Neutral | HK$126.21B | -7.52 | 108.74% | ― | ― | ― | |
43 Neutral | HK$701.23M | -13.47 | -11.42% | ― | ― | ― |
* General Sector Average
HK:0100
MiniMax Group, Inc
361.40
16.40
4.75%
HK:6608
Bairong, Inc. Class B
5.03
-5.91
-54.02%
HK:9923
Yeahka Limited
4.43
-6.38
-59.03%
HK:9959
Linklogis Inc. Class B
2.28
-0.72
-24.04%
HK:2598
Lianlian DigiTech Co., Ltd. Class H
3.88
-6.32
-62.01%
HK:2567
Qiniu Limited
0.35
-1.12
-76.19%
MiniMax Group, Inc Corporate Events
MiniMax Group Calls EGM to Expand Alibaba Cloud Deals and Renew Share Issuance Mandate
Aug 26, 2026
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 ...
MiniMax Revises Alibaba-Linked Caps and Seeks Share Issuance Mandate Refresh
Aug 26, 2026
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, 20...
MiniMax Group’s AI Revenue Surges as Enterprise Demand Drives Growth
Aug 26, 2026
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 20...
MiniMax Group refreshes board with AI expert as independent director
Aug 21, 2026
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 ri...
MiniMax Group Sets Out Board Line‑Up and Governance Structure
Aug 21, 2026
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...
MiniMax Group Sets Board Meeting to Approve Interim 2026 Results
Aug 14, 2026
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-execu...
MiniMax Raises Over HK$16 Billion via Share Placement and Convertible Bonds
Jul 16, 2026
MiniMax Group Inc. has completed a placement of 35.6 million new Class A shares under its general mandate, raising gross proceeds of about HK$9.54 billion at HK$268 per share. The new shares, placed with at least six institutional investors who re...
MiniMax Group Plans Major Share Placement and HK$6.5 Billion Convertible Bond Issue to Fund AI Expansion
Jul 10, 2026
MiniMax Group Inc. has launched a placement of 35,600,000 new Class A shares under its general mandate at HK$268.00 per share, aiming to raise approximately HK$9.49 billion in net proceeds. The funds will be used to enhance AI infrastructure and m...
MiniMax grants over 1.16 million post-IPO share awards to align talent with long-term growth
Jun 23, 2026
MiniMax Group Inc. has granted 1,168,776 share awards under its Post-IPO Share Incentive Plan, covering new Class A ordinary shares for an executive director, employees and service providers at no purchase price. The board is using this equity-bas...
MiniMax Shareholders Approve All AGM Resolutions and Board Re-elections
Jun 11, 2026
Shareholders of MiniMax Group Inc. overwhelmingly backed all resolutions at the company’s annual general meeting held on 11 June 2026, with the audited financial statements for the year ended 31 December 2025 duly received and approved. Voti...
MiniMax explores RMB share issue and potential STAR Market listing
May 31, 2026
MiniMax Group Inc. has resolved to explore a potential issuance of renminbi-denominated shares and a listing of those shares on the STAR Market in mainland China. The company has engaged professional advisers, entered into a tutoring agreement and...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.