Jin Rong Jie·2025-12-18 15:08Core Viewpoint - Kuaishou-W has been actively repurchasing shares, indicating management's confidence in the company's future prospects and a belief that the current stock price is undervalued [1][2]. Group 1: Share Repurchase Activity - On December 18, Kuaishou-W repurchased 1.235 million shares at an average price of 64.95 HKD per share, totaling approximately 80.22 million HKD [1]. - The total shares repurchased this year amount to 51.31 million, representing 1.18% of the total share capital [1]. - The company has been executing a share repurchase plan since 2023, with a total expenditure of about 3.997 million HKD for 714,400 shares in March 2024 [1]. Group 2: Company Performance and Market Position - Kuaishou-W, listed on the Hong Kong Stock Exchange, is a leading content community and social platform in China, with an average daily active user count of 387 million as of Q3 2023 [2]. - The company's total e-commerce transaction volume grew by 30.4% year-on-year to 290.2 billion CNY [2]. - Kuaishou's total revenue for the first three quarters of 2023 reached 90.4 billion CNY, with a focus on online marketing services, live streaming rewards, and e-commerce [2]. - The company has invested over 10 billion CNY in AI technology research and development in 2023, maintaining its competitive edge through its unique "Lao Tie Economy" ecosystem and advantages in lower-tier markets [2].