Ge Long Hui·2025-08-27 06:53Group 1 - The core viewpoint of the report indicates that Kuaishou's revenue for the second quarter increased by 13% year-on-year to 35 billion yuan, and adjusted net profit rose by 20% year-on-year to 5.6 billion yuan, both exceeding market expectations [1] - The growth is primarily attributed to robust e-commerce operations and better-than-expected performance in AI commercialization [1] - For the third quarter, the firm anticipates total revenue to grow by 13% year-on-year, driven by strong momentum in e-commerce and resilient growth in online marketing [1] Group 2 - The firm has slightly raised Kuaishou's earnings forecasts for 2025 to 2027 by 0% to 1% to reflect positive developments in the AI sector [1] - The target price has been adjusted from 80 HKD to 84 HKD, maintaining a "buy" rating, with an optimistic outlook on Kuaishou's AI development and commercialization prospects [1]