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Knowledge Atlas Technology Joint Stock Company Limited Class H
(2513)
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Rating:49Neutral
Price Target:
$1,745.00
Action:N/A
Date:07/01/26
The score is held down primarily by weak financial performance (very large losses, ongoing cash burn, negative equity, and sharply higher debt), which outweighs the positive revenue growth. Technicals are a supportive offset (price well above key moving averages), while valuation is unattractive/unclear due to negative earnings and no dividend yield data.
Positive Factors
High revenue acceleration
Sustained ~277% YoY revenue acceleration indicates strong product-market fit and rapid customer adoption. Over a multi-month horizon this top-line momentum can support operating leverage, enable scale investments, and justify continued market expansion if cost trends are managed.
Negative Factors
Deep operating losses
Net margin near -649% reflects very large operating and non-operating losses that are not transient. Such persistent unprofitability erodes capital, increases refinancing needs, and means the business must materially cut costs or achieve stronger revenue conversion to reach sustainable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
High revenue acceleration
Sustained ~277% YoY revenue acceleration indicates strong product-market fit and rapid customer adoption. Over a multi-month horizon this top-line momentum can support operating leverage, enable scale investments, and justify continued market expansion if cost trends are managed.
Read all positive factors
Knowledge Atlas Technology Joint Stock Company Limited Class H (2513) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$782.01B
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)1.56
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees1,094
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)N/A
Shares Outstanding221,314,600
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)-6.42
Price to Sales (P/S)73.69
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$1,346.91Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering8
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 | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 705.59M | 312.41M | 124.54M | 57.41M |
| Gross Profit | 288.98M | 175.89M | 80.48M | 31.36M |
| EBITDA | -3.39B | -2.65B | -711.53M | -122.84M |
| Net Income | -4.58B | -2.96B | -787.96M | -143.65M |
Balance Sheet | ||||
| Total Assets | 4.86B | 4.38B | 2.86B | 361.98M |
| Cash, Cash Equivalents and Short-Term Investments | 2.75B | 2.31B | 1.41B | 260.90M |
| Total Debt | 11.31B | 940.67M | 270.88M | 12.83M |
| Total Liabilities | 12.97B | 8.33B | 3.84B | 542.16M |
| Stockholders Equity | -8.10B | -3.96B | -982.59M | -181.35M |
Cash Flow | ||||
| Free Cash Flow | -2.25B | -2.38B | -1.16B | -99.90M |
| Operating Cash Flow | -2.23B | -2.24B | -648.02M | -68.25M |
| Investing Cash Flow | -366.22M | -48.56M | -784.97M | 32.92M |
| Financing Cash Flow | 2.60B | 3.31B | 2.46B | 191.20M |
Knowledge Atlas Technology Joint Stock Company Limited Class H Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | HK$1.42B | 9.10 | 8.16% | ― | ― | ― | |
50 Neutral | HK$2.19B | 29.05 | 7.02% | ― | -0.39% | -74.19% | |
49 Neutral | HK$782.01B | -144.84 | 119.78% | ― | ― | ― | |
43 Neutral | HK$2.37B | -7.50 | -18.74% | ― | 23.91% | 55.97% | |
39 Underperform | HK$29.03B | -4.13 | 1.51% | ― | 3.32% | -126321.93% |
* Technology Sector Average
HK:2513
Knowledge Atlas Technology Joint Stock Company Limited Class H
1,793.00
1,661.50
1263.50%
HK:6608
Bairong, Inc. Class B
4.74
-4.28
-47.45%
HK:2121
AInnovation Technology Group
4.34
-1.74
-28.62%
HK:2495
Shanghai Voicecomm Information Technology Co Ltd Class H
40.58
-53.22
-56.74%
HK:9678
Unisound AI Technology Co., Ltd.
75.20
-254.20
-77.17%
HK:2718
Mininglamp Technology Class A
188.00
-102.60
-35.31%
Knowledge Atlas Technology Joint Stock Company Limited Class H Corporate Events
Knowledge Atlas Tech Ratifies Governance Changes at Highly Attended AGM
Jun 22, 2026
Knowledge Atlas Technology Joint Stock Company Limited held its 2025 annual general meeting on June 22, 2026 in Beijing, in compliance with PRC company law and its Articles of Association. All directors attended, and shareholders or proxies repres...
Knowledge Atlas Technology Details Board and Committee Structure
Jun 22, 2026
Knowledge Atlas Technology Joint Stock Company Limited has announced the current composition of its board of directors, detailing the roles of executive, non-executive and independent non-executive members, including the chairmanship of the board....
Knowledge Atlas Technology Unveils Open-Source GLM-5.2 Flagship AI Model
Jun 15, 2026
Knowledge Atlas Technology has launched its latest flagship AI model, GLM-5.2, which supports context lengths of up to 1 million tokens and is positioned at the forefront of long-horizon tasks. The model will be released as open-source under the M...
Knowledge Atlas Plans A Share Issue as AGM Sets Key Capital Decisions
Jun 1, 2026
Knowledge Atlas Technology Joint Stock Company Limited has convened its 2025 annual general meeting for June 22, 2026 in Beijing, where shareholders will review the 2025 board work report, profit distribution plan, annual report, and the re-appoin...
Knowledge Atlas Plans A-Share Issue on Shanghai Sci-Tech Board and Rebranding to Z.AI
Jun 1, 2026
Knowledge Atlas Technology Joint Stock Company Limited, listed in Hong Kong and soon to be renamed Z.AI Co., Ltd., is seeking stronger alignment with China’s technology capital markets. The PRC-based tech company plans to leverage a dual-lis...
Knowledge Atlas Technology Taps Legal Scholar Xu Wenming as New Independent Director
Jun 1, 2026
Knowledge Atlas Technology Joint Stock Company Limited has nominated legal and economics scholar Xu Wenming as an independent non-executive director, with his appointment subject to approval at the 2025 annual general meeting. Xu, currently a dean...
Knowledge Atlas Director Resigns, Replacement Sought to Maintain Board Independence
May 6, 2026
Knowledge Atlas Technology Joint Stock Company Limited has announced the resignation of independent non-executive director Tang Ying, who is also chair of the Remuneration Committee and a member of the Nomination Committee, as he intends to focus ...
Knowledge Atlas Technology to Acquire Target Firm in RMB360 Million Deal
Apr 14, 2026
Knowledge Atlas Technology has agreed to acquire 100% equity interest in an unnamed target company from ACREP Diamond Investment Limited, an independent third party, for a total consideration capped at about RMB360.52 million. The deal includes ro...
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.