---
title: "《大行》国泰海通首次覆盖 MiniMax 予「增持」评级  目标价 620 元"
description: "国泰海通发布研报，首次覆盖 MiniMax-WP(稀宇科技)，予「增持」评级，目标价 620 元。该行指出，公司全栈自研多模态大模型性能领先，海外收入占比高，现金储备充足；预计 2026 年营收 2.2 亿美元，给予预测市销率 113 倍为估值基础，反映其作为港股稀缺全球化 AI 标的的成长潜力。"
type: "news"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/276041117.md"
published_at: "2026-02-16T07:35:55.000Z"
---

# 《大行》国泰海通首次覆盖 MiniMax 予「增持」评级  目标价 620 元

> 国泰海通发布研报，首次覆盖 MiniMax-WP(稀宇科技)，予「增持」评级，目标价 620 元。该行指出，公司全栈自研多模态大模型性能领先，海外收入占比高，现金储备充足；预计 2026 年营收 2.2 亿美元，给予预测市销率 113 倍为估值基础，反映其作为港股稀缺全球化 AI 标的的成长潜力。

国泰海通发布研报，首次覆盖 MiniMax-WP(稀宇科技)(00100.HK)，予「增持」评级，目标价 620 元。该行指出，公司全栈自研多模态大模型性能领先，海外收入占比高，现金储备充足；预计 2026 年营收 2.2 亿美元，给予预测市销率 113 倍为估值基础，反映其作为港股稀缺全球化 AI 标的的成长潜力。

### Related Stocks

- [00100.HK - MINIMAX-WP](https://longbridge.com/zh-CN/quote/00100.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| MiniMax Group, Inc (0100): New Buy Recommendation for This Technology Giant | In a report released yesterday, from Guotai Haitong maintained a Buy rating on MiniMax Group, Inc, with a price target o | [Link](https://longbridge.com/zh-CN/news/275853508.md) |
| Minimax Group Inc. Board to Approve Annual Results | The board of directors of Minimax Group Inc. will meet on March 2, 2026, to approve the final results for the year endin | [Link](https://longbridge.com/zh-CN/news/275573197.md) |
| In depth: Global capital, Chinese AI converge in Hong Kong | Hong Kong has become a key hub for AI companies, with several firms, including Shanghai Biren Technology and Zhipu AI, r | [Link](https://longbridge.com/zh-CN/news/275213271.md) |
| MiniMax shares surge 25% as optimism over Chinese AI firms grows | MiniMax Group shares surged 25% in Hong Kong, driven by rising investor confidence in Chinese generative AI startups. Th | [Link](https://longbridge.com/zh-CN/news/276040962.md) |
| 03:52 ETMiniMax to Report 2025 Full Year Financial Results on March 2, 2026 | MiniMax Global (HKEX: 00100) announced it will report its financial results for the year ending December 31, 2025, on Ma | [Link](https://longbridge.com/zh-CN/news/275575873.md) |

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