快手-W（01024）：2Q25超预期，AI赋能及应用带来增强的商业化及效

Daily Spotlight 22 August 2025 Michael MENG (852) 3988 6433 michael.meng@bocigroup.com Index Performance | | Last close | % 1D | % YTD | | --- | --- | --- | --- | | HSI | 25,105 | (0.2) | 25.1 | | HSCEI | 8,975 | (0.4) | 23.1 | | HSCCI | 4,360 | 0.3 | 15.3 | | MSCI HK | 13,388 | (0.0) | 26.7 | | MSCI CHINA | 82 | (0.0) | 26.4 | | FTSE CHINA A50 | 14,465 | 0.5 | 7.0 | | CSI 300 | 4,288 | 0.4 | 9.0 | | TWSE | 23,962 | 1.4 | 4.0 | | SENSEX | 81,858 | 0.3 | 4.8 | | NIKKEI 225 | 42,610 | (0.6) | 6.8 | | KOSPI | ...