<div id="readability-page-1"><div><p>CICC issued a research report stating that KUAISHOU-W (01024.HK)<span> </span><span> -0.400 (-0.883%)  </span> <span> Short selling $256.55M; Ratio 15.734%  </span>  recorded 1Q revenue growth of 3% YoY, in line with the broker and market expectations. Among the segments, revenue from Kling AI exceeded the brokers forecast. Non-IFRS net profit reached RMB3.37 billion, beating both the brokers and market expectations, which was believed to be mainly due to higher-than-expected other net gains.</p><p>The broker maintained its 2026/27 Non-IFRS net profit forecasts for KUAISHOU-W and reiterated an Outperform rating. In addition, considering the companys structural business transformation, the valuation methodology was adjusted from PE to SOTP segment valuation, while the TP was kept at HKD72.8. (sl/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-28 12:25.)</p></div></div>

01024

<p>CICC reported that KUAISHOU-Wachieved 1Q revenue growth of 3% YoY, meeting expectations, while non-IFRS net profit reached RMB3.37 billion, surpassing forecasts. The broker maintained its 2026/27 profit forecasts and reiterated an Outperform rating, adjusting the valuation methodology to SOTP segment valuation with a target price of HKD72.8.</p>

- CICC reported that KUAISHOU-W (01024.HK) achieved a 3% YoY revenue growth in Q1, meeting expectations.  
- Non-IFRS net profit of RMB3.37 billion surpassed both broker and market forecasts, attributed to unexpected other net gains.  
- The broker maintained its profit forecasts and an Outperform rating, adjusting the valuation methodology to SOTP while keeping the target price at HKD 72.8.

CICC: KUAISHOU-W 1Q Revenue In Line; Profit Beats