Mininglamp Technology-W (2718.HK) Surges Over 80% Intraday; Establishes Progressive Layout in Agents and Enters Multiple Growth Tracks

As of 1:09 PM on June 11, 2026, the latest share price of Mininglamp Technology-W (2718.HK) was quoted at HK$307.20, skyrocketing by 82.21%.

Recently, the overseas AI firm Anthropic released its new models, Claude Fable 5 and Mythos 5. Among them, Claude Fable 5 accomplished the migration of a 50-million-line Ruby codebase within a single day—an efficiency equivalent to over two months of work by an entire engineering team. The models released by Anthropic this time signify that a single Agent can now complete two months of work for a whole team in just one day.

At the beginning of 2026, amid the explosion of the AI large model "Spring Festival Season," Huaxi Securities stated that the large model technology trend had fully shifted from general conversational chatting tools to vertical productivity tools and real-world Agent implementations.

Mininglamp Technology's Three-Tier Progressive Agent Layout: From Technical Infrastructure to Terminal Closed-Loop

Over the past two years, the attention of global tech capital and entrepreneurs has concentrated almost entirely on the "Scaling Up" path—that is, how to push the single-point capabilities of a single model or a single Agent to its absolute limit. Scaling Up also serves as the technical prerequisite and value anchor for commercial implementations.

Wu Minghui, founder of Mininglamp Technology (2718.HK), previously proposed to the public that the "Scaling Up" path—which purely focuses on scaling up a single model—is approaching its marginal effect. The next-generation technological paradigm is "Scaling Out," which refers to the distributed collaboration of "multiple evaluators × multiple Agents." He also stated that the deciding factor in the second half of the AI era is "truly connecting Agents together and allowing humans to make 'taste' judgments (on taste and direction) within the loop."

On June 1, Jensen Huang also announced at the GTC Taipei conference that AI has officially transitioned from the large language model stage into the era of Agentic AI, characterized by the capacity to autonomously observe, reason, plan, and invoke tools.

1. Constructing Edge-Side Technical Infrastructure: Mano-P + Cider

In May 2026, Mininglamp Technology intensively open-sourced two major edge-side AI components: the edge-side GUI-VLA agent model, Mano-P, and the inference acceleration framework, Cider. The 72B version of Mano-P ranked first globally on the OSWorld dedicated model leaderboard with a success rate of 58.2%, while its 4B quantized version achieved a pre-fill speed of 476 tokens/s on Apple M4 Pro with a peak memory consumption of only 4.3GB.

Concurrently, both the calling Skills and the edge-side models of Mano-P have been open-sourced and released, and Cider boosted operator speeds by 1.4 to 1.9 times compared to native MLX under the W8A8 mode.

As OpenClaw natively launched on Windows, the Mano-CUA skill has been integrated as a skill within the OpenClaw ecosystem. Furthermore, Mano-P has undergone specialized adaptation and optimization for the Windows platform, achieving edge-side Agent implementation capabilities across both the macOS and Windows dual platforms.

2. Creating an Agent Collaboration Hub: The Octo Open-Source Platform

It is understood that Octo, introduced by Mininglamp Technology, is the world's first open-source trustworthy Agent collaboration network. It has been deployed and implemented internally among approximately 1,400 employees, with over 2,900 AI Agents running efficiently within actual workflows—making the number of Agents more than double the number of human employees. At the organizational level, the company treats AI agents as organizational members equal in status to humans, and the responsibilities of project managers are expanding from "managing people" to "managing Agents" and "managing the boundary of division of labor between humans and Agents."

Different from companies like SenseTime and Zhipu that enter the Agent track, Mininglamp Technology does not build the "smartest single Agent" but rather builds the "infrastructure" for collaboration between Agents. That is, Octo connects Agents through communication protocols, providing a standardized pipeline for multi-agent collaboration and strategically positioning high-quality capability modules on the edge-side Agent infrastructure platform.

3. Closing the Loop on Hardware Terminals: Launching Octic AI Native Hardware

In May 2026, Mininglamp Technology released Octic, its first AI Native hardware tailored for meeting scenarios. Designed in a magnetic card form factor, it seamlessly integrates high-precision real-time voice recognition and in-meeting AI assistance features into its self-developed multi-Agent collaboration platform, Octo.

With this layout in edge-side AI hardware, it means that Mininglamp Technology has achieved a complete hardware-software integrated closed-loop spanning from perception (Octic) to processing (Mano-P) to collaboration (Octo).

The Second Growth Curve Continues Large-Scale Volume Release, Entering Multiple Growth Tracks

1. China's Enterprise-Grade Agent Market is Expected to Surpass RMB 332 Billion by 2029

Presently, the Agentic AI track where Mininglamp Technology operates is situated at an explosive inflection point.

According to CCTV Finance, China's enterprise-grade AI agent market stood at RMB 21.2 billion in 2025, is projected to increase to RMB 44.9 billion in 2026 (doubling in growth), and is expected to surpass RMB 332 billion by 2029, showcasing a staggering compound annual growth rate (CAGR) of 107%. In 2026, over 80% of leading domestic large model enterprises have completed the commercial layout of their agent products. Tang Daosheng, Senior Executive Vice President of Tencent Group, even bluntly stated that "humans and AI are no longer in a user-and-tool relationship, but are true collaborative teammates."

Currently, by virtue of its pioneering organization-level validation and comprehensive edge-side Agent infrastructure layout, Mininglamp Technology occupies a first-mover advantage in this market.

2. The Second Growth Curve: Agentic Services Continue Large-Scale Volume Release

Mininglamp Technology disclosed in its 2025 annual report that its Agentic Services segment achieved a revenue exceeding RMB 100 million in 2025, accounting for approximately 7% of the company's total revenue. The company also successfully validated a commercial closed-loop based on "performance-based billing," achieving a key account retention rate of 96%, with over 30% of newly acquired key accounts originating from this new business.

TF Securities pointed out that as the agentic business continues to unfold, the company is expected to generate revenue in the B2B market by providing Agentic AI products. Meanwhile, the market might underestimate the data advantages accumulated by Mininglamp Technology since 2019 and its auxiliary role for self-developed large models. We believe that due to its 19 years of accumulated marketing and operation data, the company possesses a "unique advantage" in developing large models for marketing and operational intelligent applications.

TF Securities positions Agentic Services as the "second curve" opened up by Mininglamp Technology to drive growth.

3. Globalization Layout and the New GEO Track

Since the beginning of 2026, Mininglamp Technology has signed to become a partner enterprise in the fifth batch of key strategic enterprises of the Hong Kong SAR Government. It has established its international headquarters, overseas R&D, and sales headquarters in Cyberport, utilizing Hong Kong's hub advantage of "connecting the mainland and the world" to export trustworthy AI solutions globally.

On June 9, Mininglamp Technology and The Education University of Hong Kong jointly established the "EdUHK-Mininglamp Technology AI + Education Integration and Innovation Industry-Academia-Research Joint Research Center" to conduct joint scientific research focusing on areas such as new media, social media, and "AI + Education."

Concurrently, Mininglamp Technology's GEO (Generative Engine Optimization) business has, since Q1 2026, possessed the capability to provide brand recommendation optimization services within overseas AI search engines for Chinese brands going abroad. This brings an opportunity for Mininglamp Technology to further expand from enterprise services into the brand marketing ecosystem.

Guosen Securities forecasts that the global GEO market scale is expected to reach USD 24 billion in 2026 and is poised to touch USD 100 billion by 2030.

Presently, multiple brokerage institutions are also optimistic about the future development of Mininglamp Technology in Agentic AI. CICC maintains an "Outperform" rating, remaining optimistic about the long-term development space of Agentic Services. Guotai Haitong Securities also believes that the company's Agentic AI application implementation and commercialization progress are proceeding smoothly. TF Securities believes that the market may have underestimated the company's explosive potential in the Agentic AI field.

Mininglamp Technology was officially included as an eligible trading security under the Stock Connect program on June 1, 2026, opening up a channel for asset allocation by compliant institutional funds from the A-share market, which will further release liquidity and valuation catalysts.

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