Zhi Tong Cai Jing·2025-11-10 03:53Core Viewpoint - Citic Lyon's report indicates that Kuaishou's continuous enhancement of its capabilities and applications through Keling AI is expected to drive stock price increases, maintaining an "outperform" rating for Kuaishou [1] Group 1: Revenue and Profit Growth - Kuaishou is projected to achieve stable e-commerce growth and Keling AI revenue growth by Q3 2025, with total revenue and adjusted net profit expected to increase by 13% and 23% year-on-year, reaching RMB 35 billion and RMB 4.9 billion respectively [1] - The e-commerce business is anticipated to maintain an annual growth rate of approximately 15%, driven by the expansion of physical store e-commerce [1] Group 2: Keling AI Performance - Keling AI revenue is expected to reach around RMB 400 million, with profits in the mainland market projected to increase by approximately 40% to RMB 5 billion year-on-year [1]