

Core Insights - Kuaishou reported a 13.1% year-on-year revenue growth for Q2 2025, reaching 35 billion yuan, with adjusted net profit of 5.6 billion yuan, a 20.1% increase, surpassing market expectations [1] - The company achieved record high gross margin and adjusted net profit margin at 55.7% and 16% respectively for the quarter [1] - The revenue contributions from online marketing services, live streaming, and other services (including e-commerce) were 56.4%, 28.7%, and 14.9% respectively [1] Dividend Announcement - Kuaishou announced its first special dividend since going public, amounting to 0.46 HKD per share, totaling approximately 2 billion HKD, to be paid in cash to shareholders registered by September 16 [1] - The board expressed confidence in the company's long-term growth prospects and solid financial position through this special dividend, reflecting a commitment to enhancing shareholder returns [1] - The company indicated that it will consider various methods to reward shareholders in the future, including share buybacks and dividend distributions, while maintaining financial and operational flexibility for long-term business development [1]