Stock Movement | Zhipu's stock surges over 20% after earnings release

SighingCashier · 2026-04-01T04:01:50+00:00

Zhipu(02513)Yesterday's loss widened to NT$4.698 billion, but revenue increased 1.3 times to NT$724 million, and the stock price soared to NT$938. CEO Zhang Peng stated that the annual recurring revenue from the MaaS platform reached NT$1.7 billion, with gross profit margin increased to 18.9%.

SighingCashier

2026-04-01 04:01:50

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Zhipu (02513) widened its losses last year, but revenue surged 1.3x. After the results were announced, the share price jumped, rising as much as 35.3%, reaching a high of HK$938.

As of 9:50 a.m., it was trading at HK$846, up 22%, with turnover of HK$1.4 billion.

Zhipu reported that, as of the end of last year, for full-year results, the loss attributable to shareholders widened to RMB 4.698 billion (RMB unless otherwise stated). Adjusted full-year net loss widened to RMB 3.182 billion. Revenue was RMB 724 million, up 1.32x year-on-year.

Zhipu’s Chief Executive Officer Zhang Peng disclosed at the results briefing that the company’s MaaS platform (open platform and API business) ARR (annual recurring revenue) had already reached about RMB 1.7 billion as of now (March). It increased 60-fold over the past 12 months, and, through engineering optimizations in the reasoning stage, significantly reduced the token unit cost, improving the business’s profitability. The MaaS platform’s gross margin rose nearly 5x to 18.9%.

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