The performance of the Technology Sector in the Hong Kong stock market is mixed, with Kuaishou (01024) strengthening against the trend thanks to AI empowerment.

After the Magnetic Force Conference, Kuaishou's trend is on the rise.

Zhitong FinanceApr 2 20:35 ET

[Brokerage Focus] Guosen maintains an "Outperform the Market" rating on Kuaishou (01024), indicating that the AI capabilities will show significant revenue side manifestations.

Jinwu Finance | Guosen Securities released a Research Report stating that Kuaishou (01024) had a revenue of 35.4 billion yuan in Q4 2024, a year-on-year increase of 9% and a quarter-on-quarter increase of 14%. The gross margin is 54%, increasing by 1 percentage point year-on-year and decreasing by 0.3 percentage points quarter-on-quarter. Breaking it down, the increase in gross margin is mainly due to the continuous optimization of revenue sharing in the live streaming business, with the revenue sharing proportion decreasing by 1 percentage point. In Q4 2024, the company's absolute sales expenses amounted to 11.3 billion yuan, an increase of 11% year-on-year. The sales expense ratio is 32%, a year-on-year increase of 1 percentage point and a quarter-on-quarter decrease of 1 percentage point. The company’s adjusted net income for Q4 2024 is 4.7 billion yuan, with an adjusted profit margin of 13.3%.

Jingwu Financial NewsApr 1 22:39 ET

[Brokerage Focus] China Merchants maintains a "strong buy" rating for Kuaishou (01024), indicating that user engagement remains in a healthy state.

Jinwu Financial News | China Merchants issued a Research Report, indicating that Kuaishou (01024) released its performance for Q4 2024, achieving revenue of 35.384 billion yuan, a year-on-year increase of 8.7%; the adjusted net income attributable to the parent company was 4.701 billion yuan, a year-on-year increase of 7.8%. The bank believes that the daily active users continue to break through the 0.4 billion milestone, and user engagement remains healthy. Daily active users have continued to break the 0.4 billion milestone, and user engagement remains healthy. In Q4 2024, DAU was 0.401 billion, a year-on-year increase of 4.8%, while MAU was 0.735 billion, a year-on-year increase of 5.0%. DAU/MAU was 54.5%, a year-on-year decrease of 0.1.

Jinwu Financial NewsApr 1 04:58 ET

Kuaishou May Continue to Outperform Peers in Live-Streaming -- Market Talk

WSJApr 1 00:17 ET

Hong Kong Stock Market Morning Report | AI and other key areas receive renewed attention, DeepSeek becomes the fastest growing AI tool in the Global market.

① The Ministry of Industry and Information Technology will focus on key areas such as AI and critical software, nurturing a batch of platforms for the transformation of innovative achievements. ② DeepSeek's monthly visits exceed ChatGPT. ③ Huawei: Global sales revenue in 2024 is 862.1 billion yuan, with a Net income of 62.6 billion yuan. ④ Li Auto's internal sales target for this year: 0.7 million units for the entire year, with 0.05 million units for pure electric.

cls.cnMar 31 19:05 ET

KUAISHOU-W (01024.HK) spent 65.486 million HKD to repurchase 1.216 million shares on March 31.

According to a公告 from Gelonghui on March 31, KUAISHOU-W (01024.HK) spent HKD 65.486 million to repurchase 1.216 million shares on March 31.

Gelonghui FinanceMar 31 07:20 ET