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<Research>CICC Bullish on KNOWLEDGE ATLAS, MINIMAX-W; DeepSeek V4 Model Efficiency Optimization Accelerates Downstream Agentic AI Demand
DeepSeek recently launched the new-generation open-source V4 model series and published a technical report, according to a CICC report. As a representative Chinese open-source mode...
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<Research>CICC Bullish on KNOWLEDGE ATLAS, MINIMAX-W; DeepSeek V4 Model Efficiency Optimization Accelerates Downstream Agentic AI Demand
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DeepSeek recently launched the new-generation open-source V4 model series and published a technical report, according to a CICC report. As a representative Chinese open-source model developer, DeepSeek's technological innovation represents one of the key directions for progress in the model industry.

In addition, the core architectural innovation of the V4 series lies in the application of a hybrid attention mechanism to reduce single-token inference FLOPs and KV Cache usage, thereby enhancing model inference efficiency.

Related News CMSI: China Large Model Industry Agent Commercialization Unstoppable; Initiates KNOWLEDGE ATLAS (02513.HK) and MINIMAX-W (00100.HK) at Overweight
CICC remains optimistic about the advancement trend of China's open-source large models. With improved model efficiency, downstream demand for Agentic AI is likely to accelerate. The broker favors model developers KNOWLEDGE ATLAS (02513.HK)  +98.000 (+9.423%)    Short selling $60.69M; Ratio 5.451%   and MINIMAX-W (00100.HK)  -3.000 (-0.378%)    Short selling $110.22M; Ratio 9.418%   .
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-15 16:25.)

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