Zhi Tong Cai Jing·2025-09-10 06:49Core Viewpoint - Bilibili-W (09626) has seen a significant stock price increase of over 7%, currently trading at 198.9 HKD with a transaction volume of 2.25 billion HKD, following the news of a key executive joining the company [1] Company Developments - Zhang Di, former Vice President of Kuaishou and head of the AI division, has recently joined Bilibili as the head of the technology line, bringing extensive experience from Alibaba and Kuaishou [1] - In the first half of the year, Bilibili achieved a revenue of 14.341 billion CNY, representing a year-on-year growth of 22%, and turned a profit with a net income of 210 million CNY [1] User Metrics - Bilibili's user base continues to grow, with Monthly Active Users (MAU) reaching 365 million and Daily Active Users (DAU) at 108 million, reflecting year-on-year increases of 8% and 6% respectively [1] Market Outlook - Guosen Securities highlights Bilibili's significant community and user advantages, noting that the company is still in the early stages of commercialization. The integration of new technologies like AI presents substantial growth opportunities in gaming, advertising, and value-added services [1] - With a stabilizing policy environment and gradual commercialization, Bilibili is expected to turn profitable by 2025, suggesting that its current market value and valuation have good upward elasticity, indicating a positive long-term development potential [1]