Core Insights - The company, Zhiyu City Technology (09911), reported a significant increase in operational data for the first three quarters of 2025, with innovative business revenue estimated between 530 million to 550 million RMB, reflecting a year-on-year growth of 69.9% to 76.3% [1] - The growth in innovative business is attributed to robust development in traffic monetization and social e-commerce, contributions from actively invested short drama business, and sustained revenue from premium games [1] - Social business revenue also experienced rapid growth, estimated at approximately 4.38 billion to 4.44 billion RMB, with a year-on-year increase of about 34.5% to 36.4% [1] - The continuous high growth underscores the company's ability to accurately grasp user needs and the significant growth potential of its social product matrix empowered by AI [1]

Core Viewpoint - The company, Kuaishou Technology (09911.HK), reported strong operational data for the first three quarters of 2025, with total revenue expected to be between RMB 4.91 billion and RMB 4.99 billion, reflecting a year-on-year growth of approximately 37.6% to 39.9% [1] Revenue Summary - The revenue from the social business is projected to be around RMB 4.38 billion to RMB 4.44 billion, showing a year-on-year increase of 34.5% to 36.4% [1] - The company has been focusing on refined operations in key markets such as the Middle East and North Africa, as well as Southeast Asia, enhancing product competitiveness [1] Market Opportunity - The vibrant social entertainment industry in the Middle East presents opportunities for the company to capture market share and continue its growth trajectory [1]

Core Viewpoint - The announcement from Kuaishou Technology (09911.HK) highlights significant growth in its social and innovative business segments, indicating a positive trajectory for the company's revenue and user engagement metrics leading up to September 30, 2025 [1] Group 1: Social Business Performance - As of September 30, 2025, the cumulative downloads of the group's social business reached approximately 920 million, an increase of about 5.7% compared to June 30, 2025 [1] - The average monthly active users for the social business in the third quarter of 2025 reached approximately 34.08 million, reflecting a quarter-on-quarter growth of about 0.7% [1] - For the nine months ending September 30, 2025, the total revenue from the social business is expected to be approximately RMB 4.38 billion to RMB 4.44 billion, representing a year-on-year growth of about 34.5% to 36.4% [1] Group 2: Innovative Business Growth - For the nine months ending September 30, 2025, the total revenue from the innovative business is anticipated to be approximately RMB 530 million to RMB 550 million, showing a year-on-year increase of about 69.9% to 76.3% [1] - The steady growth in innovative business revenue is primarily attributed to the monetization of traffic, robust development in social e-commerce, and the revenue contribution from short drama projects that the company has actively invested in [1] - Additionally, revenue from high-quality games developed by the company also contributed to the overall income [1]

Core Viewpoint - The recent "Best IR in Hong Kong" award was given to ZhiZi Cheng Technology (09911.HK) for its excellence in investor relations management, highlighting its commitment to compliance, transparency, and effective communication with stakeholders [3]. Group 1: Award and Recognition - ZhiZi Cheng Technology won the "Best IR in Hong Kong" award in the "2025 New Fortune Magazine Best Secretary and Best IR in Hong Kong" selection [3]. - The selection process involved 5,267 A/B share companies and 2,464 Hong Kong listed companies, with participation from nearly 3,500 institutions and over 200,000 capital market professionals [3]. Group 2: Investor Relations Practices - The company adheres to principles of compliance, objectivity, and transparency in information disclosure, establishing strong communication channels with shareholders, investors, and regulators [3]. - ZhiZi Cheng Technology utilizes various formats such as earnings calls, online roadshows, and investor Q&A sessions to effectively communicate its latest developments and strategic vision [3]. Group 3: Financial Performance - For the first half of the year, ZhiZi Cheng Technology reported revenue of 3.181 billion yuan, a year-on-year increase of 40%, and a net profit attributable to shareholders of 489 million yuan, up 117.8% [4]. - The company’s social and innovative business segments are experiencing rapid growth, attracting attention from major securities firms [4]. Group 4: Market Position and Index Inclusion - ZhiZi Cheng Technology has been included in the FTSE Global Small Cap Index and the FTSE All-Cap Index, enhancing its market presence [4]. - The company was also added to the MSCI Global Small Cap Index earlier this year, indicating its growing influence in the capital market [4].

Group 1 - The stock price of Zhiyu City Technology (09911) increased by 2.50%, reaching HKD 10.66, with a trading volume of HKD 33.8831 million [2] - As of June 30, 2025, the cumulative download of the company's social business is approximately 870 million, representing a growth of about 5.5% compared to March 31, 2025 [2] - The average monthly active users for the company's social business in the second quarter of 2025 reached approximately 33.85 million, showing a quarter-on-quarter growth of about 3.1% [2] - The total revenue for the company's social business for the six months ending June 30, 2025, is expected to be between RMB 2.8 billion and RMB 2.86 billion, reflecting a year-on-year growth of approximately 35.4% to 38.3% compared to the same period in 2024 [2]