Ge Long Hui A P P·2025-11-20 06:55Core Viewpoint - Kuaishou's Q3 revenue reached 35.6 billion yuan, representing a year-on-year growth of 14%, exceeding the expectation of 35.4 billion yuan set by CICC [1] - The non-IFRS net profit attributable to shareholders was 4.99 billion yuan, higher than the expected 4.82 billion yuan [1] - The gross merchandise volume (GMV) grew by 15% year-on-year to 385 billion yuan, surpassing the forecast of 384 billion yuan [1] Financial Performance - Q3 revenue: 35.6 billion yuan, up 14% year-on-year [1] - Non-IFRS net profit: 4.99 billion yuan, exceeding expectations [1] - GMV: 385 billion yuan, a 15% increase year-on-year [1] Future Outlook - CICC raised its 2025 non-IFRS net profit forecast by 3% to 20.6 billion yuan due to effective cost control by Kuaishou [1] - The rating remains "outperform" with a target price of 89 HKD [1]