Kuaishou Technology Class B (1024) AI Stock Analysis

• Market Cap: HK$342.03B
• Dividend Yield: N/A
• Average Volume (3M): 44.12M
• Price to Earnings (P/E): 20.9
• Beta (1Y): 1.72
• Revenue Growth: 9.42%
• EPS Growth: 33.34%
• Country: HK
• Employees: 24,718
• Sector: Communication Services
• Sector Strength: 80
• Industry: Internet Content & Information
• EPS (TTM): 0.99
• Shares Outstanding: 3,579,349,600
• 10 Day Avg. Volume: 57,676,435
• 30 Day Avg. Volume: 44,116,361
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$74.48
• Price Target Upside: -3.27% Downside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 9

• Rating: 78 Outperform
• Price Target: HK$81.00 ▲(5.19% Upside)

Kuaishou Technology's overall stock score is bolstered by its strong financial performance and positive earnings call outcomes, highlighting significant growth and strategic advancements. While technical indicators show strong momentum, the overbought RSI level and lack of dividend yield slightly temper the valuation perspective.

Positive Factors

E-commerce Growth

E-commerce GMV rose by 14% YoY with e-commerce MPUs up by 10% YoY, showing continued growth in the e-commerce segment.

Monetization

Kling AI monetization is better than expected, generating over RMB150mn in 1Q25.

Valuation

Kuaishou currently trades at 10x FY25E non-IFRS PE, offering attractive value compared to both sector average and 2-year historical average.

Negative Factors

Live Streaming Revenue

Live streaming revenue declined by 2% YoY, though the decline rate narrowed compared to the previous quarter.

Net Profit Margin

Adjusted NPM was down by 1ppt YoY to 14.0% in 1Q25, mainly due to the step-up of AI investment and increased income tax.

Kuaishou Technology Class B Business Overview & Revenue Model

Company Description

Kuaishou Technology, an investment holding company, provides live streaming, online marketing, and other services mainly in the People's Republic of China. It offers Kuaishou Flagship, a short video and content based social networking platform; Kuaishou Express; Kuaishou Concept; Yitian Camera, an app to create photographs, videos, and vlogs; Kmovie, a shooting, editing, and production tool; AcFun, a video sharing website; and Kuaikandian, an information content aggregator. The company also develops and sells in-house mobile games, as well as games developed by third party game developers; provides online knowledge-sharing through its platform; and offers live streaming e-commerce content services. In addition, it develops software, hardware, and network technology; and offers programming and advertising, internet information, and multimedia information technology services, as well as provides technology development, promotion, and other services. Kuaishou Technology was founded in 2011 and is headquartered in Beijing, China.

How the Company Makes Money

Kuaishou Technology generates revenue primarily through three main streams: live streaming, online marketing services, and other services, which include e-commerce and gaming. The live streaming segment, which accounts for a significant portion of its income, involves users purchasing virtual items to gift to content creators during live streams. Online marketing services provide advertising opportunities for businesses to reach Kuaishou's vast user base through targeted ads and promotional content. Additionally, the company has been expanding its e-commerce capabilities by facilitating transactions between users and merchants on its platform, leveraging its large user engagement to drive sales. Strategic partnerships with brands and content creators further enhance its revenue-generating capabilities, while investments in artificial intelligence and data analytics optimize user experience and advertising effectiveness.

Kuaishou Technology Class B Financial Statement Overview

Summary

Kuaishou Technology exhibited strong financial performance with notable revenue growth, improved profitability, and robust cash flow generation. The healthy balance sheet and effective cash management underscore the company's stability and growth potential, despite a rise in liabilities.

Income Statement

Kuaishou Technology has demonstrated strong revenue growth with a 11.8% increase from 2023 to 2024. The company achieved a solid gross profit margin of 54.6% and a net profit margin of 12.1% in 2024. Additionally, the EBIT margin improved significantly to 12.0%, reflecting enhanced operational efficiency. These metrics indicate robust growth and profitability, positioning the company favorably within its industry.

Balance Sheet

The company's balance sheet shows a healthy equity ratio of 44.3% and a manageable debt-to-equity ratio of 0.35 in 2024, indicating a strong financial structure. With a return on equity of 24.7%, Kuaishou is effectively generating returns on shareholders' investments. However, the increase in total liabilities suggests a potential risk that needs monitoring.

Cash Flow

Kuaishou's cash flow statement highlights a substantial growth in free cash flow from 2023 to 2024. The operating cash flow to net income ratio of 1.94 reflects strong cash generation capabilities. Additionally, the free cash flow to net income ratio is 1.94, indicating efficient cash management and solid financial health.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	126.90B	113.47B	94.18B	81.08B	58.78B
Gross Profit	69.29B	57.39B	42.13B	34.03B	23.81B
EBITDA	17.74B	14.59B	-5.41B	-71.65B	-112.11B
Net Income	15.34B	6.40B	-13.69B	-78.08B	-116.64B
Balance Sheet
Total Assets	139.87B	106.30B	89.31B	92.52B	52.15B
Cash, Cash Equivalents and Short-Term Investments	51.50B	48.86B	35.41B	45.28B	26.81B
Total Debt	29.53B	15.72B	12.93B	13.61B	5.71B
Total Liabilities	77.85B	57.22B	49.47B	47.42B	212.20B
Stockholders Equity	62.00B	49.06B	39.83B	45.09B	-160.05B
Cash Flow
Free Cash Flow	21.72B	15.88B	-2.42B	-13.28B	-3.62B
Operating Cash Flow	29.79B	20.78B	2.20B	-5.52B	2.29B
Investing Cash Flow	-36.68B	-19.86B	-17.55B	-18.36B	-4.87B
Financing Cash Flow	6.71B	-1.36B	-4.48B	36.50B	19.29B

Kuaishou Technology Class B Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 77.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1024, the sentiment is Positive. The current price of 77 is above the 20-day moving average (MA) of 71.55, above the 50-day MA of 63.59, and above the 200-day MA of 53.10, indicating a bullish trend. The MACD of 3.95 indicates Negative momentum. The RSI at 69.09 is Neutral, neither overbought nor oversold. The STOCH value of 68.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1024.

Kuaishou Technology Class B Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1024	78 Outperform	HK$342.03B	20.93	25.82%	―	9.42%	33.34%
Sector *	61 Neutral	$41.49B	-2.82	-10.67%	3.99%	2.71%	-43.89%
TCTZF	―	$646.86B	23.74	21.25%	0.86%	―	―
8AHA	―	€2.93B	14.74	6.22%	―	―	―
1698	79 Outperform	HK$238.34B	25.37	14.34%	―	4.16%	82.42%
9888	78 Outperform	HK$241.21B	8.68	9.84%	―	-1.73%	32.35%
9898	74 Outperform	HK$18.80B	7.30	10.79%	8.36%	0.43%	21.65%

Kuaishou Technology Class B Corporate Events

Kuaishou Technology Schedules Board Meeting to Review Interim Results

Kuaishou Technology has announced a board meeting scheduled for August 21, 2025, to discuss and approve the unaudited consolidated interim results for the first half of the year. This meeting is significant as it will provide insights into the company’s financial performance, potentially impacting its market position and stakeholder interests.

The most recent analyst rating on (HK:1024) stock is a Buy with a HK$75.00 price target. To see the full list of analyst forecasts on Kuaishou Technology Class B stock, see the HK:1024 Stock Forecast page.

Kuaishou Technology Grants Over 7 Million RSUs to Employees

Kuaishou Technology has announced the grant of 7,721,137 Restricted Share Units (RSUs) to eligible employees under its 2023 Share Incentive Scheme. This initiative aims to align the interests of employees with the company’s growth and profitability, with no performance targets attached to the RSUs. The vesting period ranges from 0 to 48 months, and the company has mechanisms to recover or withhold RSUs under certain conditions. This grant is part of Kuaishou’s strategy to retain talent and encourage long-term contributions to the company’s success.

The most recent analyst rating on (HK:1024) stock is a Buy with a HK$75.00 price target. To see the full list of analyst forecasts on Kuaishou Technology Class B stock, see the HK:1024 Stock Forecast page.

Kuaishou Technology Successfully Passes All Resolutions at AGM

Kuaishou Technology announced that all ordinary resolutions at its Annual General Meeting on June 19, 2025, were passed by poll. The resolutions included receiving the audited financial statements, re-electing directors, authorizing the board to fix directors’ remuneration, and granting mandates for share repurchase and issuance. This outcome reflects strong shareholder support and may enhance the company’s governance and operational flexibility.

The most recent analyst rating on (HK:1024) stock is a Buy with a HK$65.00 price target. To see the full list of analyst forecasts on Kuaishou Technology Class B stock, see the HK:1024 Stock Forecast page.

Kuaishou Technology Reports Strong Q1 2025 Revenue Growth

Kuaishou Technology announced its unaudited consolidated results for the first quarter of 2025, showing a 10.9% increase in revenues compared to the same period in 2024, reaching RMB 32,608 million. Despite a slight decrease in profit for the period, the company saw growth in adjusted net profit and EBITDA, indicating strong operational performance. The domestic market remains the primary revenue driver, while the overseas segment showed significant growth. The company also reported an increase in average daily and monthly active users, as well as growth in total e-commerce GMV, highlighting its expanding user base and e-commerce activities.

The most recent analyst rating on (HK:1024) stock is a Buy with a HK$65.00 price target. To see the full list of analyst forecasts on Kuaishou Technology Class B stock, see the HK:1024 Stock Forecast page.

Kuaishou Technology Schedules Board Meeting for Quarterly Results

Kuaishou Technology has announced that its board of directors will meet on May 27, 2025, to review and approve the unaudited consolidated first quarterly results for the period ending March 31, 2025. This meeting is significant as it will provide insights into the company’s financial performance and could impact its market positioning and stakeholder interests.