On September 1, MINIMAX-W rose 4.41% in regular trading, trading at 370.2 HKD/share with turnover of HK$1.092 billion, extending the prior session's strong rally of over 16%.

On the news front, MiniMax announced on August 31 that H3 Max 768P and 480P models have been officially integrated into its open platform and MiniMax Design. H3 Max, post-trained and inference-optimized by fal based on MiniMax H3 open weights, can generate a 5-second 768p video in under 3 seconds, with throughput approximately 35 times that of the H3 official endpoint. H3 Max currently ranks first on both the Design Arena and Artificial Analysis image-to-video leaderboards.

The move also builds on robust interim results released on August 26. MiniMax reported H1 total revenue of approximately $117 million, up 283.1% year-over-year, with B-end revenue surging 703.1% to $73.9 million, now accounting for 63.4% of total revenue. August ARR surpassed $800 million, significantly exceeding analyst estimates. Multiple brokerages including Citi, Jefferies, and CMBI have raised their target prices, maintaining buy ratings.

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