Zhipu (02513) reported revenue of 954 million yuan for the first half of 2026, up nearly 400% from a year earlier. Revenue from its MaaS (model-as-a-service) open platform and API business reached 825 million yuan, increasing about 2,736% and accounting for nearly 90% of total revenue. The platform had more than 7.4 million enterprise and developer users, while Token (unit of data processed by AI models) call volume rose more than 40-fold from the start of the year. Zhipu said it had built inference capacity using 100,000-scale domestically produced chips, cutting inference costs per Token by 80% from the beginning of the year. The company described its model, domestic computing-power and scaled-application capabilities as an integrated chain, with GLM-5.3-Flash improving intelligence and cost efficiency.