<figure class="image"><img src="https://pub.pbkrs.com/uploads/2025/c9ed46cbdf4e24fc6916c59286a50179?x-oss-process=style/lg" width="893" height="500" original-src="https://pub.pbkrs.com/uploads/2025/c9ed46cbdf4e24fc6916c59286a50179"/></figure>簡評<figure class="image image_resized" style="width: 677px"><img src="https://pub.pbkrs.com/uploads/2025/c364ec07e1dd2933bf973c5d26f95eff?x-oss-process=style/lg" alt="image.png" original-src="https://pub.pbkrs.com/uploads/2025/c364ec07e1dd2933bf973c5d26f95eff"/></figure> 一、經營業績  1.經營業績 - 單季<figure class="image image_resized" style="width: 677px"><img src="https://pub.pbkrs.com/uploads/2025/b1def0d3862fe0fe901cbefc2452e301?x-oss-process=style/lg" alt="1748501238770.png" original-src="https://pub.pbkrs.com/uploads/2025/b1def0d3862fe0fe901cbefc2452e301"/></figure>營業收入<figure class="image image_resized" style="width: 677px"><img src="https://pub.pbkrs.com/uploads/2025/4ed13861a16324a4170c0810e3d5fc95?x-oss-process=style/lg" alt="image.png" original-src="https://pub.pbkrs.com/uploads/2025/4ed13861a16324a4170c0810e3d5fc95"/></figure>經營利潤<figure class="image image_resized" style="width: 677px"><img src="https://pub.pbkrs.com/uploads/2025/f01236dd4b000322914f059f6d8adb36?x-oss-process=style/lg" alt="image.png" original-src="https://pub.pbkrs.com/uploads/2025/f01236dd4b000322914f059f6d8adb36"/></figure>非國際歸母淨利潤<figure class="image image_resized" style="width: 677px"><img src="https://pub.pbkrs.com/uploads/2025/34c6241257be5301e37eef0bf46aac2b?x-oss-process=style/lg" alt="image.png" original-src="https://pub.pbkrs.com/uploads/2025/34c6241257be5301e37eef0bf46aac2b"/></figure> 二、分業務收入  <figure class="image image_resized" style="width: 677px"><img src="https://pub.pbkrs.com/uploads/2025/b308a6f620a5d28b44b87038d596ea7f?x-oss-process=style/lg" alt="1748501291692.png" original-src="https://pub.pbkrs.com/uploads/2025/b308a6f620a5d28b44b87038d596ea7f"/></figure><figure class="image image_resized" style="width: 677px"><img src="https://pub.pbkrs.com/uploads/2025/2b9b45d46c4abb74af5ae65e463a50ce?x-oss-process=style/lg" alt="image.png" original-src="https://pub.pbkrs.com/uploads/2025/2b9b45d46c4abb74af5ae65e463a50ce"/></figure> 三、用户活躍  <figure class="image image_resized" style="width: 677px"><img src="https://pub.pbkrs.com/uploads/2025/04e1aae2ee3cde7a04eb40ef35f2ca8a?x-oss-process=style/lg" alt="1748501324401.png" original-src="https://pub.pbkrs.com/uploads/2025/04e1aae2ee3cde7a04eb40ef35f2ca8a"/></figure><figure class="image image_resized" style="width: 677px"><img src="https://pub.pbkrs.com/uploads/2025/c237cd6029ccf9da5c59761adb6281ee?x-oss-process=style/lg" alt="image.png" original-src="https://pub.pbkrs.com/uploads/2025/c237cd6029ccf9da5c59761adb6281ee"/></figure> 四、電商 GMV  <figure class="image image_resized" style="width: 677px"><img src="https://pub.pbkrs.com/uploads/2025/7112602b13ba246484e119925d1a40b0?x-oss-process=style/lg" alt="1748501355299.png" original-src="https://pub.pbkrs.com/uploads/2025/7112602b13ba246484e119925d1a40b0"/></figure><figure class="image image_resized" style="width: 677px"><img src="https://pub.pbkrs.com/uploads/2025/b4a524fe463370c14f24989bdda20dce?x-oss-process=style/lg" alt="image.png" original-src="https://pub.pbkrs.com/uploads/2025/b4a524fe463370c14f24989bdda20dce"/></figure> 五、現金流  <figure class="image image_resized" style="width: 677px"><img src="https://pub.pbkrs.com/uploads/2025/2bd0a1d6579d4f2dae3468274d64736f?x-oss-process=style/lg" alt="1748501384588.png" original-src="https://pub.pbkrs.com/uploads/2025/2bd0a1d6579d4f2dae3468274d64736f"/></figure><figure class="image image_resized" style="width: 677px"><img src="https://pub.pbkrs.com/uploads/2025/9f0fd11cdd3ed3f5122832ba5e528d71?x-oss-process=style/lg" alt="image.png" original-src="https://pub.pbkrs.com/uploads/2025/9f0fd11cdd3ed3f5122832ba5e528d71"/></figure>  六、成本&amp;費用<figure class="image image_resized" style="width: 677px"><img src="https://pub.pbkrs.com/uploads/2025/0ce2f9bec8b17083ecaa2d4e7114f5ee?x-oss-process=style/lg" alt="1748501413722.png" original-src="https://pub.pbkrs.com/uploads/2025/0ce2f9bec8b17083ecaa2d4e7114f5ee"/></figure><figure class="image image_resized" style="width: 677px"><img src="https://pub.pbkrs.com/uploads/2025/39fa79f30e4e99532bbae980f35df27d?x-oss-process=style/lg" alt="image.png" original-src="https://pub.pbkrs.com/uploads/2025/39fa79f30e4e99532bbae980f35df27d"/></figure> $快手-W(01024.HK) $騰訊控股(00700.HK) $中概互聯網指數 ETF - KraneShares(KWEB.US)

簡評一、經營業績 1.經營業績 - 單季營業收入經營利潤非國際歸母淨利潤二、分業務收入 三、用户活躍 四、電商 GMV 五、現金流  六、成本&amp;費用 $快手-W(01024.HK) $騰訊控股(00700.HK) $中概互聯網指數 ETF - KraneShares(KWEB.US)

騰訊控股-R

騰訊控股(ADS)

騰訊控股(ADR)

騰訊控股

中概互聯網指數 ETF - KraneShares

快手-WR

快手-W

Tencent HK SDR 10to1

快手 2025 年 Q1 數據

雪球“2022年度炼金师”获得者。用数据认知世界，凭数据助力价投！