| 代码 | 名称 | | 涨跌幅 √ | 年初至今涨跌 | | --- | --- | --- | --- | --- | | 00981 | 中古国际 | (0) | 8.11% | 170.44% | | 01024 | 快手-W | | 7.74% | 122.92% | | 00285 | 比亚迪电子 | | 4.74% | 4.51% | | 09866 | 蔚来-SW | | 4.27% | 71.98% | | 09988 | 阿里巴巴-W | | 4.24% | 129.34% | | 09888 | 百度集团-SW | | 3.53% | 66.75% | | 01347 | 材料制体 | | 3.25% | 281.52% | | 01810 | 小米集团-W | | 2.69% | 60.72% | | 00700 | 腾讯控股 | | 2.64% | 64.97% | | 09618 | 京东集团-SW | | 2.38% | 7.33% | | 03690 | 美团-W | | 2.20% | -29.60% | | 09660 | 地平线机器人-W | | 1.98% | 171 ...

每经AI快讯，10月2日，港股快手-W(01024.HK)涨超7%，暂时领跑科网股。截至发稿，涨7.21%，报 90.7港元，成交额21.16亿港元。 （文章来源：每日经济新闻） ...

Group 1 - Kuaishou-W (01024) shares rose over 7%, leading the tech sector with a current price of 90.7 HKD and a trading volume of 2.116 billion HKD [1] - The recent upgrade of Kuaishou's AI model, Keling 2.5 Turbo, enhances video generation quality, producing a 5-second video in 1080p for only 25 inspiration points, which is nearly 30% cheaper than the previous model [1] - Dongfang Securities indicates that Kuaishou's multi-modal approach and the combination of performance upgrades with a 30% price reduction may drive user growth and revenue increase [1] Group 2 - OpenAI announced the release of its advanced video generation model, Sora 2.0, along with a new social application named "Sora," which could be a significant milestone in the video generation field [2] - The launch of Sora is expected to reduce the costs of video production significantly, potentially opening up broader AI application markets in short videos, gaming, and film [2]

Core Insights - Kuaishou announced on September 30 that it will upgrade its existing commercial system to better serve merchants and seize future growth opportunities [1] - The restructuring focuses on three core business scenarios: e-commerce, life services, and commercialization [1] - The adjustments aim to clarify business objectives, unify strategies, concentrate resource investment, and enhance organizational efficiency and monetization effectiveness [1] Business Structure Changes - The local life division has been renamed to the life services division [1] - Local life services will be integrated with lead advertising services, with relevant teams moved under the life services division [1] - Liu Xiao has been appointed as the head of the life services division, reporting to senior vice president Wang Jianwei, while Xiao Gu will transition to a business consultant role [1] Industry Implications - Industry experts believe that this adjustment will merge the primary demands of merchant operations and marketing investments, allowing the life services division to provide comprehensive, one-stop services [1]

Group 1: Hang Seng Index (HSI) - Investor sentiment is bullish, with expectations that the index could reach 28,000 during the National Day period, holding bull certificates with a redemption price of 25,050 [1] - The index rose to 26,855 points, closing at a high. Current technical signals indicate a "sell" [1] - Resistance levels are identified at 27,200 and 27,500, while support levels are at 26,200 and 25,500 [1] Group 2: Kuaishou-W (01024.HK) - Kuaishou reached a high of 85 HKD, closing at 84.6 HKD, with resistance levels at 89.9 and 93.1 HKD [7] - The overall technical signal is summarized as "sell," with a significant number of investors choosing call options with a strike price of 91.05 HKD [7] - Products with a strike price around 90 HKD show higher leverage compared to those with a strike price of 91 HKD, despite having lower implied volatility and premiums [7] Group 3: Bilibili-W (09626.HK) - Bilibili's stock price reached a high of 224.8 HKD, closing near that high, with resistance at 236 HKD [10] - The technical signal is currently "sell," with support levels at 205 HKD and a second support level at 190 HKD [10] Group 4: Hua Hong Semiconductor (01347.HK) - Hua Hong's stock price reached a high of 81.8 HKD, closing at 80 HKD, showing a strong upward trend [16] - The technical signal is summarized as "sell," with support levels at 65.1 HKD and 58.1 HKD, and resistance levels at 88.7 HKD and 101.4 HKD [16] Group 5: Geely Automobile (00175.HK) - Geely's stock price stabilized at 19.4 HKD, closing at 19.55 HKD, with potential to challenge resistance levels of 21-25 HKD [23] - The technical signal is leaning towards "sell," with support levels at 18.6 HKD and 18.3 HKD, and resistance at 20 HKD and 20.6 HKD [23] Group 6: Ganfeng Lithium (01772.HK) - Ganfeng's stock price reached a high of 43.3 HKD, closing at 43.14 HKD, indicating a strong upward trend [28] - The technical signal is summarized as "sell," with resistance levels at 46.1 HKD and 49.3 HKD [28]

【#快手商业生态体系升级##快手成立生活服务事业部#】快手发布公告表示，为了更好地服务长效经营 的商家，迎接未来增长机会，决定对现有商业体系相关组织进行迭代升级。基于电商、生活服务、商业 化三大核心商业场景，快手对原商业化、本地、电商团队的相关业务进行重构。 公开资料显示，刘逍2020年加入快手，在快手5年半期间，前后担任内容运营中心、房产和招聘业务中 心、商业化外循环和基础产品部、快手内容消费和线索广告产品部、快手联盟产品部多个业务负责人。 原商业化事业部下内循环产品、运营、销售等相关行业团队，则调整到电商事业部。通过将电商业务与 内循环广告业务做整合，构建"流量-交易-广告转化-商家服务"的闭环能力，可以更好地提升流量分配效 率，平衡用户体验、商家成长和商业变现，为商家提供更一体化的服务体验。 本次调整后，商业化事业部将为平台做好广告中台能力的支撑，同时聚焦发展内容消费、综合平台、品 牌营销、聚星、快手联盟等业务。 快手方面表示，此次调整是为了让业务目标更明确，业务策略更一致，资源投入更聚焦，业务组织协同 更敏捷，从而进一步提升公司商业体系的组织效率和商业变现效率。 本次调整中，本地生活事业部正式更名为生 ...

Investment Rating - The report maintains a "Buy" rating for the company [5][11]. Core Views - The company is expected to leverage its upgraded 2.5 Turbo model, which combines performance enhancements with a 30% price reduction, to drive user growth and revenue increase [2][3]. - AI is enhancing the core business efficiency, with the commercial system being restructured to provide long-term growth momentum [2]. Financial Forecast and Investment Recommendations - The adjusted net profit forecast for the company from 2025 to 2027 is projected to be CNY 196 billion, CNY 230 billion, and CNY 259 billion respectively [4]. - The target price is set at HKD 99.07 per share, based on a 17x PE valuation for 2026, leading to a reasonable value of CNY 3,911 billion, equivalent to HKD 4,281 billion [4][11]. - The company's revenue is expected to grow from CNY 113.47 billion in 2023 to CNY 166.83 billion in 2027, reflecting a compound annual growth rate [4][15]. Key Financial Metrics - Revenue growth rates are projected at 20.5% for 2023, 11.8% for 2024, and gradually declining to 7.8% by 2027 [4][15]. - The gross margin is expected to improve from 50.6% in 2023 to 56.8% in 2027, indicating enhanced profitability [4][15]. - The net profit margin is projected to increase from 5.6% in 2023 to 14.5% in 2027, showcasing improved efficiency [4][15].

智通财经APP讯，快手-W(01024)发布公告，于2025年9月30日，该公司注销213.7万股已回购股份。 ...

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9月30日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 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 ...

Core Points - Kuaishou has announced a restructuring of its business organization, renaming the local life division to the life services division, and integrating local life business with lead advertising business [1][2] - Liu Xiao has been appointed as the head of the life services division, reporting to senior vice president Wang Jianwei, while Xiao Gu will transition to a business consultant role [1][2] Summary by Sections Business Restructuring - The restructuring aims to clarify business objectives, unify business strategies, focus resource allocation, and enhance organizational efficiency and commercial monetization efficiency [2] - The original commercial division's internal circulation product, operations, and sales teams will be moved to the e-commerce division [1] Leadership Changes - Liu Xiao, who joined Kuaishou in 2020, has held various leadership roles and will now lead the life services division [1] - CEO Cheng Yixiao communicated the leadership change to employees, expressing gratitude for Xiao Gu's contributions [2]