Changjiang Securities·2025-07-29 23:30Investment Rating - The investment rating for the company is "Buy" and is maintained [8]. Core Viewpoints - The report highlights the rapid development and commercialization of Kuaishou's AI technology, particularly the launch of the new creative platform "Ling Animation Canvas," which aims to enhance creator efficiency and team collaboration [2][5]. - Kuaishou's AI has achieved significant milestones, including over 45 million creators globally, generating more than 200 million videos and 400 million images, and serving over 20,000 enterprise clients across various application fields [2][5]. - The report suggests that Kuaishou presents a promising investment opportunity due to its strong market position and rapid revenue growth, with Q1 2025 revenue reaching 150 million yuan and monthly revenues exceeding 100 million yuan in April and May [2][5]. Summary by Sections Event Description - On July 27, 2025, Kuaishou's AI hosted an ecological forum themed "The Year of Generative AI Applications," where it disclosed its achievements and introduced the "Ling Animation Canvas" [5]. Event Commentary - Kuaishou's AI has become a benchmark product for AI implementation, with over 30 iterations since its launch, and it serves clients in 149 countries across various sectors, including film, animation, gaming, and advertising [8]. - The "Ling Animation Canvas" aims to streamline the creative process from material generation to final production, facilitating team collaboration and enhancing overall efficiency [8]. - Creators from various fields shared their positive experiences with Kuaishou's AI, noting its rapid technological advancements and improved expression capabilities [8].