Core 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 [1] Financial Projections - The firm forecasts that Kuaishou will 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] - E-commerce business is anticipated to maintain an annual growth rate of approximately 15%, driven by the expansion of physical store e-commerce [1] - Keling AI revenue is projected to reach around RMB 400 million, with mainland market profits expected to increase by approximately 40% to RMB 5 billion year-on-year [1]
中信里昂:料快手-W(01024)第三季经调整盈利增23% 维持“跑赢大市”评级