According to TechFlow TechFlow, on June 16th, Macquarie released a research report stating that Zhipu (02513.HK) released the GLM-5.2 model and initially rolled it out to all GLM Coding Plan subscribers (Lite/Pro/Max/Team). This model is positioned as the company's most powerful open-source model to date, focusing on long-cycle code writing, agent engineering, and complex system tasks.
Independent API access and pricing, as well as the open-source weighting under the MIT license, are planned for release next week. While no benchmark data was released initially, preliminary community feedback from social media and developer forums has been excellent, indicating that GLM-5.2 performs comparably to Claud eOpus 4.7 in coding and long-cycle agent tasks. Macquarie believes the launch of GLM-5.2 will have a positive impact and may strengthen the company's pricing power in subsequent subscription plans, which should continue to drive strong annual recurring revenue growth. The bank maintains its Outperform rating on GLM-5.2, with its 12-month target price unchanged at HK$1221.4. (Jinshi)
