香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該 等內容而引致的任何損失承擔任何責任。 於本公告日期，董事會包括執行董事程一笑先生及宿華先生；非執行董事李朝暉先生、張斐先生 及王慧文先生；獨立非執行董事黃宣德先生、馬寅先生及盧蓉女士。 快手科技（「本公司」，連同其附屬公司及合併聯屬實體，統稱「本集團」）董事會（「董 事會」）謹此宣佈將於2025年8月21日（星期四）舉行董事會會議，藉以考慮及批准（其 中包括）本集團截至2025年6月30日止六個月之未經審核綜合中期業績。 承董事會命 快手科技 董事長 程一笑先生 香港，2025年8月4日 Kuaishou Technology 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） （港幣櫃台股份代號：01024╱人民幣櫃台股份代號：81024） 董事會會議召開日期 ...

Group 1 - The core viewpoint of the report indicates a significant increase in engagement and interest in college entrance examination topics on Kuaishou, with over 6.03 million videos published and 1.38 billion interactions related to "Gaokao" [1] - The report highlights a 42.3% increase in the view count of videos related to "volunteer filling" compared to the previous year, reaching 7.35 billion views, with 4.376 million searches for related keywords [1] - The most popular universities among students are National University of Defense Technology, Tsinghua University, and Zhejiang University, reflecting a trend towards engineering and hard science majors [1] Group 2 - Kuaishou conducted a "Hundred Cities Volunteer Reporting" campaign from June 15 to July 15, hosting 8,942 public volunteer filling live streams and 18 offline seminars in 10 provinces [2] - During the 2025 college entrance examination volunteer filling period, Kuaishou held 16 charity live streams by Zhang Xuefeng, accumulating a total viewership of 680 million [2]

港股科技股走弱，哔哩哔哩、快手跌超3%，网易、腾讯控股等跟跌。 无需港股通，A股账户就能T+0买港股>> ...

Market Overview - The Hang Seng Index is experiencing a downward trend, with investors anticipating further declines, particularly around the 24600 level, while some see support at 24700 and are considering bullish options with a recovery price of 24200 [1] - Technical signals for the index are neutral, indicating a 50% probability of either rising or falling as it approaches the middle line of the Bollinger Bands [1] Kuaishou Technology (01024.HK) - The stock price is nearing the upper limit of the Bollinger Bands, with a strong buy signal indicated by 16 buy signals and 1 sell signal [3] - Resistance levels are identified at 81 and 87.1, while support is close to 69.7, aligning with investor expectations around 70 [3] Kingsoft Corporation (03888.HK) - The stock is showing resilience in a declining market, stabilizing above the recent low of 34.7, with a target range of 38-40 [6] - Technical signals suggest a buy, with resistance at 37.9 and support at 33.7 and 32.6 [7] Pop Mart International (09992.HK) - The stock closed at 246, with a sell signal indicated, and primary support identified at 236 [10] - Investors are holding put options with a strike price of 178.78, which may be too far from the current price, leading to lower price sensitivity [10] Semiconductor Manufacturing International Corporation (00981.HK) - The stock opened high but closed at 51.1 after reaching a peak of 52.95, with a recent volatility of 9.2% [13] - Technical signals indicate a buy with 13 buy signals and 4 sell signals, resistance levels at 54.2 and 56.8, and support at 47.2 and 45.2 [13][14] Sands China Ltd. (01928.HK) - The stock closed at 19.04, maintaining position above the middle line of the Bollinger Bands [17] - A buy signal is indicated, with resistance at 19.6 and 20, and support at 18.3 and 17.3 [17][20]

净买入盈富基金24.05亿、恒生中国企业17.82亿、美团-W 13.98亿、快手-W 13.83亿、阿里巴巴-W 10.43 亿、南方恒生科技9.73亿、小米集团-W 4.41亿、腾讯控股4.33亿、中芯国际2.21亿； 格隆汇7月31日｜南下资金今日净买入港股131.26亿港元。其中： 净卖出老铺黄金2.78亿、石药集团1.13亿。 据统计，南下资金已连续6日净买入腾讯，共计27.055亿港元；连续5日净买入阿里巴巴，共计26.7318亿 港元；连续5日净买入小米，共计30.3639亿港元。(格隆汇) ...

Core Viewpoint - The company "交个朋友" is expanding its presence on the Kuaishou platform to tap into the lower-tier market, aiming to create a matrix of live streaming accounts to enhance its user engagement and sales potential [1][10]. Group 1: Market Expansion - "交个朋友" has rapidly gained followers on Kuaishou, reaching 13,000 followers and 93,000 likes within three days of launching its first video [8]. - The decision to enter Kuaishou is driven by the platform's unique community ecosystem and user demographics, which align well with "交个朋友"'s business direction [8]. - Kuaishou has a strong penetration in lower-tier markets, with significant user activity in third to fifth-tier cities, particularly in northern provinces [8][12]. Group 2: Content and Strategy Adaptation - To cater to Kuaishou users, "交个朋友" plans to innovate its live streaming experience by creating more relatable and interactive scenarios, enhancing user participation and loyalty [9][10]. - The product selection will include high-cost performance local goods that resonate with Kuaishou's user consumption habits, alongside classic bestsellers [9]. Group 3: Competitive Landscape - "交个朋友" faces significant competition from established Kuaishou influencers like辛巴, who have a stronghold in the live streaming market, making it challenging to capture market share [11][12]. - During the "6·18" shopping festival, Kuaishou's overall GMV for general merchandise increased by over 53%, with辛巴's group achieving substantial sales figures [11]. Group 4: Financial Performance and Challenges - In 2023, "交个朋友" reported a revenue of 9.89 billion yuan from its live streaming e-commerce business, which constituted 92% of its total revenue, nearly doubling its GMV from the previous year [14]. - However, the company is experiencing increased operational pressures, with a reported profit decline of 36.6% year-on-year, attributed to market conditions and rising costs from rapid expansion [14][15]. Group 5: Future Outlook - The company aims to develop a matrix of live streaming accounts on Kuaishou to meet diverse user needs, indicating a strategic focus on long-term growth and user engagement [10]. - "交个朋友" plans to leverage AI technology for optimizing product selection and enhancing user interaction during live streams, which may improve conversion rates [15].

7月31日，港股早盘低开，科网龙头发力带动恒科指一度翻红，午后回落震荡。重仓港股互联网龙头的 港股互联网ETF（513770）走势活跃，场内价格一度冲高涨逾1.5%，收跌0.53%，全天成交额11.76亿 元，日线2连阳。 板块个股局部走强，伴随着港股中报季临近，相关盈利预期对股价构成直接催化，尤其是AI赋能业绩 增长被重点关注。 美图公司盘中涨超15%，收盘仍领涨11%。公司近日发布正面盈利预告，预计上半年经调整净利润同比 增长约65%-72%，超出市场预期。招商证券认为，美图公司作为稀缺AI应用标的，盈利能力显著提 升，核心业务高增长可持续。 金蝶国际涨超9%，高盛预计金蝶国际上半年收入预期按年增长13%至32亿元，野村表示公司基本面正 迈向可持续复苏。 快手-W盘中涨近9%，收涨6%，花旗对其二季报保持乐观，一方面基于视频生成模型可灵AI的商业化进 程超预期，二是广告收入有望加速增长。大摩则预计快手可灵AI今年有望贡献约6000万美元收入。 此外，哔哩哔哩-W盘中涨超2%，腾讯控股一度涨超1%，收盘微涨飘红。 对互联网龙头而言，受益于AI技术与应用的发展，各项业务得以赋能重塑，AI有望成其业绩增长的关 ...

Core Viewpoint - The article discusses a legal case involving Kuaishou, where a network company was penalized for using a software tool to artificially inflate user engagement metrics, undermining the platform's integrity and user experience [1][5][6]. Group 1: Legal Case Overview - Kuaishou filed a civil lawsuit against a network company for unfair competition, resulting in a court ruling that the company must pay Kuaishou 1 million yuan for economic damages [1][5]. - The software in question, named "Xiao Mou Luo," allowed users to purchase fake likes, comments, and followers, creating a false sense of popularity for live streams [3][5]. Group 2: Impact on Kuaishou - The use of "Xiao Mou Luo" significantly harmed Kuaishou's community ecosystem, leading to a decline in user experience and trust [5][6]. - Kuaishou emphasized the importance of data authenticity for user trust and platform health, indicating a zero-tolerance policy towards fraudulent activities [6]. Group 3: Industry Challenges - The rise of new cheating methods, such as network water armies, presents ongoing challenges for platform governance, requiring enhanced technical defenses and collaborative efforts with law enforcement and industry partners [6]. - Kuaishou plans to increase investment in technology to improve real-time detection and response capabilities against such fraudulent practices [6].

Group 1 - The core activity involves the distribution of "Caiyun E-commerce Coupons" aimed at promoting Yunnan products, offering discounts of up to 50 on purchases over 300 [2] - The coupons are available for daily issuance, valid for the same day, with a limit of three coupons per individual across different tiers during the entire campaign [2] - The campaign focuses on Yunnan mushrooms and has expanded its product offerings to include various local specialties, enhancing consumer access to regional goods at affordable prices [2] Group 2 - The initiative has resulted in significant exposure, with over 500 million views, leading to an influx of new merchants and increased online sales channels [2] - Specific success stories include merchants transitioning from physical markets to online platforms, significantly increasing their customer base and sales [2] - The company plans to continue leveraging such coupon activities to drive growth in Gross Merchandise Value (GMV) and fan engagement for Yunnan merchants, contributing to rural revitalization efforts [3]

摩根士丹利发布研报称，料快手-W(01024)今年上半年收入将同比增长12%达350亿人民币，料调整后净 利润同比增长10%达51亿人民币，基本符合其指引。该行将快手的目标价上调12%，由60港元升至67港 元，将估值基准向前推展6个月至2026年6月，并纳入最新的汇率预测，维持对其"与大市同步"评级，而 该行对快手的"牛市"情境目标价则由82港元升至91港元，相当于预测市盈率17倍。 内地媒体报道，可灵AI继登上《新闻联播》后，又登上了央视《焦点访谈》节目。《焦点访谈》报 道，过去一年多的时间，可灵AI进行了超过30次的叠代，影片生成大模型的创作能力不断突破。目 前，产品在北美、欧洲、东亚等市场用户增长很快，全球累计用户已超过4500万。据此前公开消息，今 年4月可灵对外公布全球用户已达2200万，至今仅3个月便翻番。大摩料快手旗下可灵今年贡献约6000万 美元收入。 ...