Zhi Tong Cai Jing·2025-08-25 08:50Core Viewpoint - Kuaishou-W (01024) reported a 13% year-on-year revenue growth to 35 billion RMB in Q2, with adjusted net profit increasing by 20% to 5.6 billion RMB, exceeding market expectations, driven by robust e-commerce performance and strong AI commercialization [1] Group 1: Financial Performance - Q2 revenue reached 35 billion RMB, reflecting a 13% year-on-year increase [1] - Adjusted net profit for Q2 was 5.6 billion RMB, marking a 20% year-on-year growth [1] - Both revenue and net profit figures surpassed market expectations [1] Group 2: Future Outlook - The company is expected to achieve a 13% year-on-year revenue growth in Q3, supported by strong e-commerce momentum and resilient online marketing growth [1] - Profit forecasts for 2025 to 2027 have been slightly increased by 0% to 1% to reflect positive developments in the AI sector [1] - Target price has been raised from 80 HKD to 84 HKD, maintaining a "Buy" rating due to optimistic views on Kuaishou's AI development and commercialization prospects [1]