Kuaishou Technology, whose full name in Chinese is “快手科技”, is a leading short video and live streaming application platform in China, with a large number of active users. According to Wikipedia, as of the first half of 2020, the average number of daily active users of Kuaishou’s Chinese apps and mini programs exceeded 300 million. Kuaishou was founded in 2014 and is headquartered in Haidian District, Beijing, China. So is Kuaishou listed? What is its stock trading symbol? Is the company profitable? What is the number of shares and funds it buys for 1 lot? Thevalueway.com has a quick introduction for you.
According to what we know, Kuaishou has been officially listed on the Hong Kong Stock Exchange on February 5, 2021. Its stock exchange code (Hong Kong stock code) is: 1024 (or 01024). The share price of Kuaishou on the first day of listing is: HK$300. As of this article, the intraday current price is HK$326. Its high price for the period is: HK$417.
According to public information on the Internet, the adjusted net profit of Kuaishou Company in 2019 was 1.234 billion yuan, and in the first half of 2020, it lost 6.35 billion yuan.
From Kuaishou’s prospectus, it can be seen that the income earned by live streaming is a major source of the company’s revenue. But its revenue structure has shifted gradually. In the third quarter of 2021, Kuaishou achieved revenue of 20.5 billion yuan, an increase of 33% year-on-year, mainly driven by online marketing (advertising) and e-commerce business. Online marketing services have become the largest source of revenue and its core business, driving Kuaishou’s continuous improvement of gross profit margins.
Currently, the number of shares in 1 lot of Kuaishou stock is: 100 shares. At the current price, the amount required to buy 1 lot is: HK$32,600.