Kuaishou Technology has released its 1H 2024 financial report, showing continuous growth in the company's revenue and profit. The unaudited consolidated revenue for the three and six months ended June 30, 2024 was about RMB 31 billion and about RMB 60.3 billion, respectively, with a year-on-year growth of 11.6% and 14%. Gross margin increased to 55.3%, adjusted net profit was approximately RMB 4.7 billion, and adjusted EBITDA was approximately RMB 6.3 billion. The company emphasized that advancements in AI technology and content ecosystem construction lay the foundation for growth, and progress has been made in visual generation and large-scale models. In addition, Kuaishou's daily and monthly active users have reached 395 million and 692 million, respectively, indicating stable user growth. The company has not declared a mid-term dividend and will continue to invest in its ecosystem, R&D, and technology capabilities.

Kuaishou Technology has released its 1H 2024 financial report, showing continuous growth in the company's revenue and profit. The unaudited consolidated revenue for the three and six months ended June 30, 2024 was about RMB 31 billion and about RMB 60.3 billion, respectively, with a year-on-year growth of 11.6% and 14%. Gross margin increased to 55.3%, adjusted net profit was approximately RMB 4.7 billion, and adjusted EBITDA was approximately RMB 6.3 billion. The company emphasized that advancements in AI technology and content ecosystem construction lay the foundation for growth, and progress has been made in visual generation and large-scale models. In addition, Kuaishou's daily and monthly active users have reached 395 million and 692 million, respectively, indicating stable user growth. The company has not declared a mid-term dividend and will continue to invest in its ecosystem, R&D, and technology capabilities.