If you only looked at the intelligence index, DeepSeek V4.1 Flash 1017 (Max) and Tencent Hy4 would be hard to tell apart. This page is written automatically from catalogue numbers only: benchmark scores, list prices and measured speed. The clearest gap is on the bill: Tencent Hy4 is 2.4 times the blended price of DeepSeek V4.1 Flash 1017 Max.
Token pricing and a sample bill
The list prices are $0.30 in and $1.20 out for DeepSeek V4.1 Flash 1017 Max, and $0.834 in and $2.501 out for Tencent Hy4, per million tokens. That makes DeepSeek V4.1 Flash 1017 Max's output 52% cheaper.
A reference job of 1 million input tokens and 200,000 output tokens costs $0.54 with DeepSeek V4.1 Flash 1017 Max and $1.33 with Tencent Hy4, so DeepSeek V4.1 Flash 1017 Max saves $0.79. Scale it up to writing 2,000 drafts of 2,000 output tokens from 300-token prompts and the bill is $4.98 for DeepSeek V4.1 Flash 1017 Max against $10.50 for Tencent Hy4.
Which is newer
DeepSeek V4.1 Flash 1017 Max came first, on October 17, 2026; Tencent Hy4 followed on November 3, 2026. That is close enough to count them as the same generation.
Overall capability: 2.0 points apart
Tencent Hy4 comes out ahead on the intelligence index, 34.6 to 32.6. That is a modest edge: real, but small enough that the right set of tasks could reverse it.
Among 109 active scored models, DeepSeek V4.1 Flash 1017 Max sits 45th and Tencent Hy4 42nd.
For coding or maths work specifically, the catalogue has no dedicated index on either side yet.
Cost per point of intelligence
Dividing the blended price by the intelligence index gives a rough cost per point: $0.016 for DeepSeek V4.1 Flash 1017 Max and $0.036 for Tencent Hy4, per million tokens. So Tencent Hy4 buys its higher score at a premium, while DeepSeek V4.1 Flash 1017 Max is the value pick, paying 55% less per point.
DeepSeek V4.1 Flash 1017 Max is the faster writer
Measured output speed is 162 tokens per second for DeepSeek V4.1 Flash 1017 Max and 94 tokens per second for Tencent Hy4. DeepSeek V4.1 Flash 1017 Max is ahead by 73% on throughput. Time to first token is 1.2 seconds for DeepSeek V4.1 Flash 1017 Max and 2.4 seconds for Tencent Hy4. In an interactive app, DeepSeek V4.1 Flash 1017 Max will feel noticeably more responsive.
Add the two numbers up for an 800-token reply and DeepSeek V4.1 Flash 1017 Max finishes first: 6.2 seconds for DeepSeek V4.1 Flash 1017 Max, 11 seconds for Tencent Hy4.

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