Daily Report on Hong Kong-Listed LLM Concept Stocks (May 22, 2026)

Stock Code

Stock Name

Closing Price (HKD)

Change (%)

02513.HK

KNOWLEDGE ATLAS

1,282.000

26.9%

00100.HK

MINIMAX-W

768.500

15.9%

03317.HK

XUNCE

241.400

6.4%

02718.HK

MININGLAMP-W

263.800

3.5%

01024.HK

KUAISHOU-W

45.640

1.5%

09888.HK

BIDU-SW

128.200

1.3%

09988.HK

BABA-W

127.000

0.8%

00700.HK

TENCENT

441.400

0.6%

00020.HK

SENSETIME-W

1.770

-0.6%

03690.HK

MEITUAN-W

81.350

-0.9%

Stock Name

Stock Code

Market Position

LLM Products & Business Profile

KNOWLEDGE ATLAS

02513.HK

A leading player in China's independent LLM sector

Knowledge Atlas Technology Joint Stock Company Limited (02513.HK; commercially known as Zhipu AI) is a leading player in China's independent large language model (LLM) sector (recognized for its capabilities and market position by Frost & Sullivan). The company has released its next-generation flagship model, GLM-5, achieving open-source State-of-the-Art (SOTA) performance in coding and agentic capabilities. It has also open-sourced the multimodal image generation model GLM-Image in collaboration with Huawei. Focusing on novel model architecture design, generalized reinforcement learning paradigms, and autonomous model evolution, its business layout closely aligns with the trend of enterprise-level AI productivity transformation.

MINIMAX-W

00100.HK

A top-tier player in omni-modal AGI

The company continuously iterates its video generation model matrix and has partnered with mainstream domestic and overseas chip manufacturers and inference platforms to complete underlying adaptations. The total monthly active users (MAU) of its B2C and B2B LLM applications, along with multimodal API call volumes, maintain rapid growth, further broadening its computing power ecological layout.

MININGLAMP-W

02718.HK

LLM concept stock, dubbed the "First Agentic AI Stock in Hong Kong"

Relying on its self-developed edge models Mano, Cito, and Mano-P, along with the Cider inference framework, it fully supports its Agentic AI positioning. Its business architecture uses the DeepMiner LLM as the underlying engine and Octo as the collaborative hub, uniformly delivering various AI products and industry solutions in the form of Agentic Services. Mininglamp pursues a differentiated technological route, bypassing the "Scaling Up" parameter expansion of general models in favor of a "Scaling Out" approach that coordinates multiple specialized small models. Its core moats are granular scenario data, specialized models, and continuous learning, achieving precision in vertical scenarios that general models cannot match. The company is committed to building an open-source, privately deployable, and white-box auditable Private AI infrastructure.

XUNCE

03317.HK

A leading data infrastructure provider for financial asset management in China

The company continues to deepen the integration of LLMs into the core business workflows of financial asset management, reconstructing investment research, trading, and risk control pipelines through underlying data governance and AI technologies. Its underlying structured data cleaning capabilities closely align with the digital transformation of financial institutions and the compliant implementation trends of LLMs.

KUAISHOU-W

01024.HK

A leading multimodal content generation platform in China

The company plans to restructure Kling AI and introduce external financing. Kling AI's quarterly revenue has reached hundreds of millions of RMB, with an Annualized Run Rate (ARR) exceeding USD 300 million. Its general LLM "KwaiYii" and video generation model "Kling" are undergoing continuous iteration, demonstrating high commercial conversion efficiency in scenarios such as e-commerce live streaming and automated marketing content generation.