智通财经网·2025-11-20 07:34Core Viewpoint - Kuaishou-W (01024) is expected to see a 10% year-on-year revenue growth in Q4, driven by robust growth in online marketing and e-commerce [1] Group 1: Financial Performance - Kuaishou's revenue grew by 14% year-on-year in the last quarter, aligning with market expectations [1] - Adjusted net profit increased by 26%, exceeding the bank's and market's expectations by approximately 3% and 2% respectively, primarily due to improved operational efficiency [1] Group 2: Future Outlook - The profit forecast for 2025 to 2027 has been slightly raised by up to 2% [1] - The target price has been increased from HKD 84 to HKD 88, maintaining a "Buy" rating [1] Group 3: AI Impact - The value of AI empowerment across Kuaishou's business is becoming evident, with AI revenue surpassing RMB 300 million in Q3, exceeding expectations [1] - AI has also contributed to an additional 4% to 5% growth in domestic advertising revenue, indicating a positive outlook on AI development [1]