Xin Lang Cai Jing·2025-08-22 09:40Group 1 - The core viewpoint of the report is that Kuaishou-W (01024) is expected to achieve a 13% year-on-year revenue growth in Q3, driven by strong performance in e-commerce and steady growth in online marketing [1] - The target price for Kuaishou has been raised from HKD 80 to HKD 84, maintaining a "Buy" rating [1] - The company reported a 13% year-on-year revenue increase to RMB 35 billion in Q2, with adjusted net profit rising 20% to RMB 5.6 billion, exceeding market expectations by 2% and 11% respectively [1] Group 2 - The positive performance is attributed to the strong e-commerce business and better-than-expected progress in AI monetization [1] - The report highlights Kuaishou's advancements in AI, considering its industry-leading video generation model, strong product capabilities, and diverse application scenarios [1] - Profit forecasts for the fiscal years 2025-2027 have been slightly adjusted upward by 0-1%, reflecting the company's positive developments in AI [1]