CMB International: First time to initiate coverage on Smart Rich (02513) with a "buy" rating and a target price of 1503.9 Hong Kong dollars.

According to the Wisdom Financial APP, CMB International released a research report stating that it has initiated coverage on Zhipu (02513) with a "buy" investment rating and a target price of HK$1503.9. Zhipu is one of China's leading independent developers of large language models, with full capabilities in pre-training and fine-tuning of basic models, enterprise deployment, and application development. According to Frost & Sullivan data, based on revenue in 2024, the company ranks first among independent large model developers in China and second among all large model developers, with a market share of 6.6%.