Want to see HK:2513 full AI Analyst Report?
Top Page
Knowledge Atlas Technology Joint Stock Company Limited Class H
(2513)
Select Model
Select Model
Rating:43Neutral
Price Target:
HK$468.00
▼(-57.06% Downside)
Action:Reiterated
Date:10/21/26
The score is driven primarily by very weak financial fundamentals—large and worsening losses, persistent cash burn, and a highly stressed balance sheet with negative equity and much higher debt. Technicals add further pressure due to a strong downtrend across key moving averages and negative MACD, with only oversold readings offering limited near-term support. Valuation is also constrained by ongoing losses and the absence of a dividend yield.
Positive Factors
Revenue Growth
The sharp increase in 2025 revenue demonstrates strong top-line momentum and suggests the company is expanding its commercial activity rapidly. If growth can be retained while costs are controlled, the larger revenue base could support improving operating leverage over the next several quarters.
Negative Factors
Stressed Balance Sheet
Persistently negative equity and the sharp increase in debt indicate a thin capital base and elevated solvency risk. High financial obligations reduce flexibility, can increase dependence on external funding, and may constrain the company’s ability to invest through periods of operating pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The sharp increase in 2025 revenue demonstrates strong top-line momentum and suggests the company is expanding its commercial activity rapidly. If growth can be retained while costs are controlled, the larger revenue base could support improving operating leverage over the next several quarters.
Read all positive factors
Knowledge Atlas Technology Joint Stock Company Limited Class H (2513) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$241.84B
Dividend YieldN/A
Average Volume (3M)5.50M
Price to Earnings (P/E)―
Beta (1Y)-0.86
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees981
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)N/A
Shares Outstanding263,059,600
10 Day Avg. Volume3,530,211
30 Day Avg. Volume5,498,512
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)-6.42
Price to Sales (P/S)-349.11
P/FCF Ratio-23.16
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$1,619.41Price Target Upside48.57% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering15
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Knowledge Atlas Technology Joint Stock Company Limited Class H Business Overview & Revenue Model
Company Description
Knowledge Atlas Technology Joint Stock Company Limited, together with its subsidiaries, engaged in the provision of large model-related services in the People's Republic of china. It operates through two segments: On-premise deployment, and Cloud-...
Knowledge Atlas Technology Joint Stock Company Limited Class H Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
7
Very Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.21B | -148.94M | 312.41M | 124.54M | 57.41M |
| Gross Profit | 671.88M | -565.55M | 175.89M | 80.48M | 31.36M |
| EBITDA | -5.79B | -3.39B | -2.65B | -711.53M | -122.84M |
| Net Income | -6.56B | -4.58B | -2.96B | -787.96M | -143.65M |
Balance Sheet | |||||
| Total Assets | 9.64B | 4.86B | 4.38B | 2.86B | 361.98M |
| Cash, Cash Equivalents and Short-Term Investments | 4.50B | 2.75B | 2.31B | 1.41B | 260.90M |
| Total Debt | 2.60B | 11.31B | 940.67M | 270.88M | 12.83M |
| Total Liabilities | 5.21B | 12.97B | 8.33B | 3.84B | 542.16M |
| Stockholders Equity | 4.42B | -8.10B | -3.96B | -982.59M | -181.35M |
Cash Flow | |||||
| Free Cash Flow | -5.33B | -2.25B | -2.38B | -1.16B | -99.90M |
| Operating Cash Flow | -4.75B | -2.23B | -2.24B | -648.02M | -68.25M |
| Investing Cash Flow | -439.29M | -366.22M | -48.56M | -784.97M | 32.92M |
| Financing Cash Flow | 6.46B | 2.60B | 3.31B | 2.46B | 191.20M |
Knowledge Atlas Technology Joint Stock Company Limited Class H Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | HK$2.69B | -4.86 | -10.08% | ― | -28.80% | -252.24% | |
55 Neutral | HK$723.27M | 4.09 | 8.50% | ― | ― | ― | |
43 Neutral | HK$241.84B | -27.73 | 356.74% | ― | ― | ― | |
42 Neutral | HK$2.08B | -6.35 | -22.29% | ― | 26.08% | 38.72% | |
40 Underperform | HK$4.48B | -0.62 | -261.95% | 8.29% | 9.21% | -5994.15% |
* General Sector Average
HK:2513
Knowledge Atlas Technology Joint Stock Company Limited Class H
460.80
329.30
250.42%
HK:6608
Bairong, Inc. Class B
5.84
-3.66
-38.53%
HK:2121
AInnovation Technology Group
3.82
-2.86
-42.81%
HK:2495
Shanghai Voicecomm Information Technology Co Ltd Class H
20.10
-39.60
-66.33%
HK:9678
Unisound AI Technology Co., Ltd.
50.45
-459.05
-90.10%
HK:2718
Mininglamp Technology Class A
27.02
-263.58
-90.70%
Knowledge Atlas Technology Joint Stock Company Limited Class H Corporate Events
Z.AI Clarifies Performance-Based Terms in 2026 Share Award Scheme
Oct 9, 2026
Z.AI Co., Ltd., a PRC-based AI and technology company listed in Hong Kong, is governed by a mixed board of executive, non-executive and independent non-executive directors, reflecting a structured corporate oversight framework.The company has issu...
Z.AI Co., Ltd. Grants Over 1.2 Million H Shares Under 2026 Award Scheme
Sep 30, 2026
Z.AI Co., Ltd. has granted awards over 1,222,934 H shares under its 2026 Share Award Scheme to employee participants, with a nominal purchase price of RMB0.1 per share versus a Hong Kong closing price of HK$641.0 on the grant date. The awards feat...
Z.AI Raises Over US$6 Billion via H-Share Placement and Zero-Coupon Convertible Bonds
Sep 18, 2026
Z.AI Co., Ltd. has completed a placement of 21,965,000 new H shares under its general mandate, representing about 4.5% of its enlarged share capital, at HK$714 per share to at least six independent placees. The transaction, which does not create a...
Z.AI Co., Ltd. Seeks HK$15.7 Billion via Discounted H-Share Placing
Sep 13, 2026
Z.AI Co., Ltd. has launched a placing of up to 21,965,000 new H shares under its general mandate, targeting at least six professional or institutional investors at HK$714.00 per share. The placing represents about 4.72% of existing share capital a...
Z.AI pivots to API-driven growth as advanced AI models lift revenue but keep losses high
Aug 31, 2026
Z.AI Co., Ltd. reported a near fivefold surge in revenue to RMB 953.9 million for the first half of 2026, driven mainly by open-platform and API services, which now account for 86.5% of sales, while on-premises deployments shrank sharply. Despite ...
Z.AI Co., Ltd. Sets Board Meeting to Approve 2026 Interim Results
Aug 18, 2026
Z.AI Co., Ltd. has scheduled a board meeting for August 31, 2026 to review and approve the interim results for the six months ended June 30, 2026, ahead of their formal publication to the market. The announcement signals that the company is moving...
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.