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推理算力毛利率打正,可灵AI2025年收入将较年初目标翻倍
Di Yi Cai Jing·2025-08-21 13:11

Core Viewpoint - Kuaishou Technology reported a revenue of 350.5 billion RMB for Q2 2025, marking a year-on-year growth of 13.1%, with adjusted net profit increasing by 20.1% to 56.2 billion RMB [2] Group 1: Financial Performance - Online marketing service revenue reached 197.65 billion RMB, up 12.8% year-on-year [2] - Live streaming revenue was 100.44 billion RMB, reflecting an 8% year-on-year increase [2] - Other services, primarily e-commerce, generated 52 billion RMB, a significant growth of 25.9% year-on-year, with e-commerce GMV reaching 358.9 billion RMB, up 17.6% [2] Group 2: AI Business Development - Kuaishou's AI business, Keling AI, generated over 250 million RMB in revenue during Q2, with a user base including general creators, self-media users, and professionals from various industries [2][3] - Keling AI has produced over 200 million videos and 400 million images, serving more than 20,000 enterprise clients as of July [3] - The company aims to enhance Keling AI's capabilities for industrial applications in gaming and professional film production [3] Group 3: Advertising and Market Opportunities - The advertising revenue saw significant growth, particularly in the short drama sector, with high double-digit year-on-year increases [3] - Kuaishou's CFO indicated that Keling AI's revenue is expected to double compared to initial targets for the year, with increased capital expenditure planned for AI-related infrastructure [4] - The company anticipates that the overall impact of AI investments on profit margins will remain manageable, estimated at 1%-2% [4]