Ge Long Hui·2026-02-09 08:05Group 1 - The core viewpoint of the report is that Kuaishou's performance in the last quarter of the previous year is expected to meet market expectations, with total revenue projected to grow by 10% year-on-year and adjusted net profit reaching 5.4 billion yuan [1] - The report highlights that Kuaishou's AI capabilities, customizable features, user-friendly interface, competitive monetization-focused tiered pricing strategy, cost-effectiveness, and localized operations and channel expansion will further strengthen its competitive advantage globally [1] - The rating for Kuaishou has been upgraded to "Buy," with the target price increased from 66 HKD to 80 HKD [1] Group 2 - Kuaishou (1024.HK) is accelerating the commercialization of global AIGC video, with its technology-ecosystem-monetization closed loop expected to release long-term value [2] - On January 23, Kuaishou repurchased 124,000 shares at a cost of 9.972 million HKD [2]