# Zhipu （$2513.HK） filed its first interim report as a public company on 31 Aug. 19 of the 60 pages re…

- 来源：SemiAnalysis (@SemiAnalysis_)
- 发布时间：2026-09-05 01:00
- AIHOT 分数：42
- AIHOT 链接：https://aihot.virxact.com/items/cmtn7mi3v0pkjromyzt3lczul
- 原文链接：https://x.com/SemiAnalysis_/status/2095919853471224118

## 正文

Zhipu ($2513.HK) filed its first interim report as a public company on 31 Aug. 19 of the 60 pages read like a technical blog, plus a 9-page technical glossary. Most investors would not expect to see GRPO, mHC and a 3D pareto frontier chart in a financial report. Zhipu defines the pareto frontier of a SOTA model to be speed of iteration X intelligence index X per task cost. (1/3)🧵