中芯国际 赣锋锂业 华虹公司 中芯国际 腾讯控股 腾讯控股-R 分时图 日K线 周K线 月K线 113.00 -3.78 -3.24% 3.24% 2.16% 1.08% 0.00% 1.08% 2.16% 3.24% 113.00 114.26 115.52 116.78 118.04 119.30 120.56 09:30 10:30 11:30/13:00 14:00 15:00 15:30 0 36万 73万 109万 11月21日港股市场，北水成交净买入1.05亿港元，其中港股通(沪)成交净买入4.98亿港元，港股通(深)成交净卖出3.93亿港 元。 北水净买入最多的个股是腾讯(00700)、小米集团-W(01810)、阿里巴巴-W(09988)。北水净卖出最多的个股是盈富基金 (02800)、华虹半导体(01347)、赣锋锂业（002460）(01772)。 | 股票名称 | 买入额 | 卖出额 | 或委员额 | | --- | --- | --- | --- | | | | | 净流入 | | 阿里巴巴-W | 41.80亿 | 33.33 乙 | 75.13亿 | | HK 09988 | | ...

证券时报•数据宝统计，快手-W在港交所公告显示，11月21日以每股63.050港元至64.250港元的价格回 购75.00万股，回购金额达4777.14万港元。该股当日收盘价64.000港元，下跌1.46%，全天成交额24.52 亿港元。 日期 回购股数 （万港元） 2025.11.21 75.00 64.250 63.050 4777.14 2025.11.20 90.00 64.950 64.400 5821.17 2025.10.14 131.46 75.100 74.550 9840.67 2025.09.22 100.00 74.300 73.450 7379.98 2025.09.01 113.70 73.750 73.350 8371.62 2025.06.04 10.00 52.050 52.050 520.50 2025.06.03 200.00 51.350 50.950 10243.64 2025.06.02 600.00 52.550 50.300 31191.00 2025.05.30 4.02 52.850 52.750 212.34 2025.05.28 146.90 51.45 ...

（原标题：快手-W(01024)11月21日斥资4777.14万港元回购75万股） 智通财经APP讯，快手-W(01024)发布公告，于2025年11月21日，该公司斥资4777.14万港元回购75万股 股份，每股回购价格为63.05-64.25港元。 于2025年11月21日，根据首次公开发售后购股权计划行使期权而发行1.5万份。及根据首次公开发售前 雇员持股计划行使期权而发行618份。 ...

Core Viewpoint - Kuaishou's Q3 2025 financial report shows steady revenue and profit growth, indicating a shift from expansion to value creation in its business strategy [1][3]. Financial Performance - Kuaishou reported Q3 revenue of 35.6 billion RMB, a year-on-year increase of 14.2% [1]. - Adjusted net profit reached 4.986 billion RMB, up 26.3% year-on-year [1]. User Data - The average daily active users (DAU) of Kuaishou reached 416 million, a 2.1% increase year-on-year [2]. - The average monthly active users (MAU) stood at 731 million, reflecting a 2.4% year-on-year growth [2]. Strategic Shift - Kuaishou is transitioning from a horizontal growth narrative to a focus on vertical value creation, as indicated by its stable double-digit growth in revenue and profit despite a slow increase in user numbers [3]. - The company has restructured its local services division, integrating it with the advertising business to enhance resource allocation and ensure more predictable returns [5]. AI Integration - AI is a central theme in Kuaishou's operations, with significant contributions to revenue from online marketing services, which generated 20.1 billion RMB in Q3, a 14% increase [6]. - The introduction of generative AI models has contributed approximately 4%-5% of revenue growth in the domestic market [6]. - Kuaishou's R&D expenditure reached 3.65 billion RMB in Q3, a 17.7% increase, primarily driven by investments in AI technology and talent [9]. AI Product Development - Kuaishou's Keling AI generated over 300 million RMB in revenue in Q3, highlighting its strategic importance despite its small financial weight in the overall revenue [7]. - The company is focusing on AI-driven content creation, particularly in the realm of "manhua" (comic) production, leveraging AI to enhance efficiency and reduce costs [16][18]. Market Competition - The competitive landscape is intensifying with the emergence of new AI-driven platforms, prompting Kuaishou to adapt its strategy rather than confront competitors head-on [10][11]. - Kuaishou's approach to AI differs from competitors like Sora, focusing on professional content creators first before expanding to consumer applications [12]. Future Outlook - The potential for AI in content production is significant, particularly in the "manhua" sector, which is experiencing rapid growth due to AI's efficiency [21]. - However, the market for AI-generated content may face challenges in consumer adoption, as the target demographic is already saturated with entertainment options [22].

格隆汇11月21日丨快手-W(01024.HK)公告，11月21日耗资4777万港元回购75万股。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 快手科技（於開曼群島註冊成立以不同投票權控制的有限公司） 呈交日期： 2025年11月21日 | 第一章節 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | | 不同投票權架構公司普通股 | 股份類別 | B | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 01024 | | 說明 | | | | | | | | 多櫃檯證券代號 | 81024 | | RMB 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 事件 | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | 每股發行/出售價 (註4) | | 已發行股份總數 | | | | | 已發行股份（不包括庫存股份）數 目 | | 佔有關事件前的現有已發 行股 ...

2025年11月21日当天，阿里巴巴-W(09988)、小米集团-W(01810)、盈富基金(02800)位居沪港通（南 向）成交额前3位，成交额分别为75.13 亿元、50.10 亿元、39.92 亿元；阿里巴巴-W(09988)、小米集团- W(01810)、腾讯控股(00700) 位居深港通（南向）成交额前3位，成交额分别为59.52 亿元、26.55 亿 元、24.41 亿元。 沪港通（南向）十大活跃成交公司 深港通（南向）十大活跃成交公司 | 公司名称 | 成交金额 | 净买入额 | | --- | --- | --- | | 阿里巴巴-W(09988) | 59.52 亿元 | +3.10 亿元 | | 小米集团-W(01810) | 26.55 亿元 | +3.20 亿元 | | 腾讯控股(00700) | 24.41 亿元 | +7.75 亿元 | | 中芯国际(00981) | 24.07 亿元 | -3.39 亿元 | | 南方恒生科技(03033) | 14.79 亿元 | +7234.33 万元 | | 盈富基金(02800) | 14.01 亿元 | -13.88 亿元 | | 美团 ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 102.81 HKD per share, based on a PE valuation method [3][4][8]. Core Insights - The company's e-commerce commission revenue showed strong performance in Q3, with a year-on-year growth of 21%, driven by value-added services such as influencer distribution and marketing management [7]. - AI empowerment is expected to enhance advertising efficiency, contributing to stable growth in domestic advertising revenue, projected to grow by 15% in the second half of the year [7]. - The company has adjusted its revenue forecasts for 2025-2027 upwards, reflecting positive trends in e-commerce and controlled sales expenses [3][7]. Financial Forecasts - The adjusted net profit for 2025 is projected to be 182.87 billion CNY, with further increases to 214.57 billion CNY in 2026 and 247.70 billion CNY in 2027 [3][8]. - Revenue is expected to grow from 126.90 billion CNY in 2024 to 142.05 billion CNY in 2025, with a compound annual growth rate of 11.9% [3][8]. - The gross margin is anticipated to improve from 54.6% in 2024 to 56.8% in 2027, indicating better cost management and operational efficiency [3][8]. Valuation Metrics - The company is valued at 4,048 billion CNY based on a PE ratio of 18x for 2026, translating to a market cap of 4,445 billion HKD [3][9]. - The earnings per share (EPS) is projected to increase from 3.56 CNY in 2024 to 5.77 CNY in 2027, reflecting strong profit growth [3][8].

全网首个粉丝破亿的女主播也要自立门户了。 近日，快手主播蛋蛋（杨润心）在个人账号公布"双11"战报——12天内9场直播，带货总成交额55亿 元。比这组数字更令外界关注的是，这名曾被"快手一哥"辛巴钦定为接班人的女主播，已从大厂打工人 变成了创业公司老板。 今年6·18大促后，蛋蛋停更所有社交账号，清空快手主账号内容，沉寂四个月。10月21日、22日，杭州 润星娱乐有限公司和杭州润心娱乐有限公司相继成立，蛋蛋个人持股比例均为99%。10月23日，蛋蛋还 在快手平台上开设了个人小号"蛋蛋的人间烟火"，目前该账号粉丝已经破千万。 在11月的直播中，蛋蛋也正面回应了独立传言："走了就是走了，解约了就是解约了，我师傅把我'独 立'了，我们内部的人都知道，但不是我要的，是他（辛巴）让的。"她还在直播中透露，未来赵梦澈等 辛选其他主播也都会独立。 11月18日，时代财经从一名曾与蛋蛋团队合作的业内人士处获悉，早在今年7月，蛋蛋团队成员便陆续 撤出辛选集团总部大楼。"在10月下旬，新公司成立前，蛋蛋已约见了多个品牌方，商讨合作事项。" 对于大主播蛋蛋独立创业事项，11月18日晚，辛选集团相关人士向时代财经表示："蛋蛋确实不在 ...

| 泡泡玛特 | 5.14 乙 | 5.84亿 | 10.97亿 | | --- | --- | --- | --- | | HK 09992 | | | -6974.68万 | | 华虹未营体 | 5.06亿 | 5.75亿 | 10.81亿 | | HK 01347 | | | -6856.42万 | | :: 洪映圖十 | 5.19 亿 | 4.54亿 | 9.73 亿 +6503.88万 | | HK 00883 | | | | | 图片来源:智通财经 | 港股通(沪)活跃成交股 | | | | 股票名称 | 买入额 | 卖出额 | 买卖总额 | | | | | 净流入 | | 阿里巴巴-W | 31.31 乙 | 28.21 乙 | 59.52 G | | HK 09988 | | | +3.10 乙 | | 小米集团-W | 14.87亿 | 11.68 乙 | 26.55亿 | | HK 01810 | | | +3.20 乙 | | 腾讯控股 | 16.08亿 | 8.33亿 | 24.41亿 | | HK 00700 | | | +7.75亿 | | 中芯国际 | 10.34 乙 | 13. ...