HAIZHI TECH GP (02706) surged more than 10% during the trading session. At the time of writing, the stock was up 6.93%, trading at HKD 91, with a turnover of HKD 202 million. The catalyst for the move was the recent announcement that HAIZHI TECH GP has entered into a strategic cooperation framework agreement with KNOWLEDGE ATLAS. The two parties will engage in deep strategic collaboration in areas such as model training and the implementation of application scenarios. This partnership will leverage HAIZHI's graph-model fusion technology, exemplified by its Atlas knowledge graph, and complement it with KNOWLEDGE ATLAS's large language model capabilities. It has been reported that, to date, HAIZHI TECH's Atlas agent is already compatible with over one hundred large models and covers more than one hundred application scenarios. Based on 2024 revenue, the company ranks first among AI agent providers in China that are centered on graph technology, holding a market share of 50%. Notably, MiniMax recently released the industry's first financial report from a major AI model company, which exceeded expectations. The results showed that the company achieved total revenue of USD 79.038 million in 2025, a year-on-year increase of 158.9%. Furthermore, according to earlier data from OpenRouter, the volume of AI model API calls from China saw explosive growth in February, surpassing that of the United States for the first time. Guoyuan Securities opined that, following sustained large-scale investment, the maturity of foundational large models continues to improve. With the rapid growth in token consumption, commercialization has commenced. The firm recommends focusing on foundational large model developers and service companies that possess the capability for practical application deployment.