China's Kuaishou rises most in 3 weeks on quarterly revenue beat

Kuaishou Technology

22/08/2025 05:34

** Shares of Chinese short video platform Kuaishou Technology 1024.HK rise 4.9% to HK$75.3, on track for the biggest one-day pct rise since July 31

** Stock hit the highest level since August 19; fourth biggest pct gainer on the Hang Seng Commerce & Industry Index .HSNC

** Kuaishou said its Q2 revenue rose 13.1% y/y, operating profit up 35.4% y/y, while non-IFRS adjusted net profit surged 20.1% y/y and adjusted EBITDA up 21.6% y/y

** Co declared a special dividend of HK$0.46 per share

** Jefferies, with "Buy" rating, says Kuaishou's 2Q25 revenue came in ahead of estimates and the firm declares a special dividend to reflect its confidence in long-term growth and solid financial position

** Citi, with "Buy" rating on Kuaishou, says 2Q25 beat on gross merchandise volume, revenues and earnings while a special dividend also announced

** Hang Seng Tech Index .HSTECH rises 1.6%, benchmark Hang Seng Index .HSI climbs 0.3%

** YTD, stock up 80.4%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))