Kuaishou Technology, an investment holding company, provides live streaming, online marketing, and other services in the People's Republic of China.
Profile & Fundamentals
Kuaishou: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Kuaishou Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
Kuaishou Technology, an investment holding company, provides live streaming, online marketing, and other services in the People's Republic of China. It offers Kuaishou Flagship, a short video and content based social networking platform; Kuaishou Express; Kuaishou Concept; Yitian Camera, an app to create features Japanese-and-Korean-style filters and cute stickers; Kmovie, a shooting, editing, and production tool; and AcFun, a video sharing website. The company also provides entertainment, e-commerce, online games, online knowledge-sharing, and others. In addition, it engages in developing software, hardware, and network technology; investment activities; and providing programming and advertising, internet information, technology development, promotion, and other services. Kuaishou Technology was founded in 2011 and is headquartered in Beijing, China.
Company profile record
Kuaishou Technology
Common Stock · Communication Services · Interactive Media & Services
Company
- Company / asset
- Kuaishou Technology
- Security type
- Common Stock
- Sector
- Communication Services
- Industry
- Interactive Media & Services
- HQ
- 🇨🇳 China
- Head office
- No.16, Xi'erqi West Street, Beijing, China, 100085
Leadership & scale
- Chief executive
- Mr. Yixiao Cheng
- CEO year born
- 1984
- Full-time employees
- 24.2K
- Fiscal year end
- December
Fundamentals snapshot
- Market Cap
- HKD 132.0B
- P/E
- 7.5x
- Revenue (Q2 26)
- CNY 35.4B
- Profit (Q2 26)
- CNY 3.1B
- Dividend Yield
- 2.3%
- Revenue (FY 25)
- CNY 142.8B
- Shares in public float
- 3.1B
- Insider ownership
- 15.96%
Reporting & identifiers
- Symbol
- 1024.HKEX
- Listing
- 🇭🇰 Hong Kong | Dividend Tax: 0%
- Ticker Currency
- HKD
- Income Statement Currency
- CNY
- Balance Sheet Currency
- CNY
- Cash Flow Currency
- CNY
- EPS Currency
- CNY
- Contract Type
- SPOT
- ISIN
- KYG532631028
- Asset ID
- equity_ce52977e-d094-577a-b8ce-6d4a33b46832
Ownership
Shares Outstanding
Latest: 4.4B | Max: 4.5B | Min: 3.8B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
70.32%
3.1B latest reported shares
Insider Ownership
15.96%
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2019-01-01 | 4,108,194,700 |
| 2020-01-01 | 4,158,932,000 |
| 2021-01-01 | 3,833,009,000 |
| 2022-01-01 | 4,253,878,000 |
| 2023-01-01 | 4,474,000,000 |
| 2024-01-01 | 4,391,000,000 |
| 2025-01-01 | 4,441,000,000 |
| 2026-01-01 | 4,374,000,000 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
The headline numbers show a tale of two businesses: traditional live gifting is shrinking under regulatory scrutiny, while online marketing and advanced artificial intelligence tools are actively expanding. For fiscal 2025, revenue reached CNY 143 billion with CNY 18.62 billion in net profit, demonstrating robust underlying earning power. However, second-quarter 2026 revenue grew just 1.4% to CNY 35.5 billion, and net profit fell 36.4% to CNY 3.13 billion. This earnings drop was caused by deliberate upfront spending on computing infrastructure and research rather than falling customer interest. Kling AI generated over CNY 850 million in quarterly revenue, showing strong paid demand. As heavy development expenses level off, underlying business profitability should gradually reassert itself.
The headline numbers show a tale of two businesses: traditional live gifting is shrinking under regulatory scrutiny, while online marketing and advanced artificial intelligence tools are actively expanding. For fiscal 2025, revenue reached CNY 143 billion with CNY 18.62 billion in net profit, demonstrating robust underlying earning power. However, second-quarter 2026 revenue grew just 1.4% to CNY 35.5 billion, and net profit fell 36.4% to CNY 3.13 billion. This earnings drop was caused by deliberate upfront spending on computing infrastructure and research rather than falling customer interest. Kling AI generated over CNY 850 million in quarterly revenue, showing strong paid demand. As heavy development expenses level off, underlying business profitability should gradually reassert itself.
Revenue, Net Income, and Free Cash Flow
Latest: CNY 142.8B | Max: CNY 142.8B | Min: CNY -116.6B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 14x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability margins have experienced a sharp temporary squeeze following peak performance. Gross margin fell from 55.7% in mid-2025 to 51.6% in the second quarter of 2026, while net margin retreated into the single digits. This compression stemmed from higher content creator revenue sharing and rising electricity, server, and bandwidth costs required to power artificial intelligence video generation. This margin decline reflects front-loaded technological investment rather than a permanent loss of competitive pricing power. As automated video tools reduce production expenses for platform merchants and high-margin AI software subscriptions expand globally, operating margins are positioned to steadily recover toward normalized double-digit levels.
Profitability margins have experienced a sharp temporary squeeze following peak performance. Gross margin fell from 55.7% in mid-2025 to 51.6% in the second quarter of 2026, while net margin retreated into the single digits. This compression stemmed from higher content creator revenue sharing and rising electricity, server, and bandwidth costs required to power artificial intelligence video generation. This margin decline reflects front-loaded technological investment rather than a permanent loss of competitive pricing power. As automated video tools reduce production expenses for platform merchants and high-margin AI software subscriptions expand globally, operating margins are positioned to steadily recover toward normalized double-digit levels.
Profitability Margins
Latest: 55.0% | Max: 55.0% | Min: <-100.0%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
55.0%
Gross profit / revenue
Operating Margin
14.5%
Operating income / revenue
Net Margin
13.0%
Net income / revenue
FCF Margin
8.7%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
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| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2017-12-31 | 1,281,041,167.43 | -3,079,101,382.49 | 257,958,986.18 |
| 2018-12-31 | 2,950,675,145.35 | -1,806,582,122.09 | -152,204,505.81 |
| 2019-12-31 | 5,620,739,655.17 | -2,823,496,264.37 | 786,177,586.21 |
| 2020-12-31 | 9,000,933,690.66 | -17,861,445,941.81 | -554,337,059.72 |
| 2021-12-31 | 12,748,665,566.04 | -12,276,273,742.14 | -2,088,614,465.41 |
| 2022-12-31 | 13,649,640,869.57 | -1,983,965,217.39 | -350,947,246.38 |
| 2023-12-31 | 14,528,809,218.95 | 818,950,064.02 | 2,237,183,098.59 |
| 2024-12-31 | 16,331,788,931.79 | 1,973,616,473.62 | 2,795,881,595.88 |
| 2025-12-31 | 20,425,751,072.96 | 2,663,376,251.79 | 1,780,867,668.1 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 14.17 | Trailing four quarters |
| 2024-12-31 | 11.43 | Trailing four quarters |
| 2023-12-31 | 34.33 | Trailing four quarters |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2017-12-31 | 31.31 | 7.29 | -240.36 | 20.14 |
| 2018-12-31 | 28.58 | -2.57 | -61.23 | -5.16 |
| 2019-12-31 | 36.05 | 1.84 | -50.23 | 13.99 |
| 2020-12-31 | 40.52 | -17.86 | -198.44 | -6.16 |
| 2021-12-31 | 41.97 | -34.16 | -96.29 | -16.38 |
| 2022-12-31 | 44.73 | -13.33 | -14.53 | -2.57 |
| 2023-12-31 | 50.58 | 5.67 | 5.64 | 15.4 |
| 2024-12-31 | 54.6 | 12.05 | 12.08 | 17.12 |
| 2025-12-31 | 55.02 | 14.45 | 13.04 | 8.72 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-10-01.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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