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KUAISHOU-W Opens Up by 2.5%+ Post-results; 3Q KLING AI Rev. Tops RMB300M
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KUAISHOU-W (01024.HK) announced yesterday (19th) that its net profit for the third quarter ended September 30 was RMB4.488 billion, up 37.3% YoY. Adjusted non-IFRS net profit hiked by 26.3% to RMB4.986 billion.

Management revealed that its AI development strategy is driving the continued release of value across various businesses. Among them, KLING AI's quarterly revenue topped RMB300 million.

Related NewsNomura Cuts KUAISHOU-W's TP to HKD77; 4Q Guidance Shy of Forecasts
KUAISHOU-W opened 2.52% higher this morning at HK$65.1, peaking at HK$66.15. It last posted at HK$64.95, up 2.28%, with a turnover of 4.6912 million shares, amounting to HK$307 million.
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