CLSA released a research report stating that Kling AI is expected to continue delivering surprises by enhancing its capabilities and applications, serving as a catalyst for KUAISHOU-W (01024) stock price growth. The firm maintains an "Outperform" rating.

CLSA projects that KUAISHOU-W will achieve steady e-commerce growth and Kling AI revenue expansion in Q3 2025, with total revenue and adjusted net profit increasing by 13% and 23% year-on-year, respectively, to RMB 35 billion and RMB 4.9 billion.

The report highlights that e-commerce business growth is expected to sustain an annual rate of around 15%, driven by offline store expansion. Kling AI revenue is forecasted to reach approximately RMB 400 million, while domestic market profit could rise by 40% YoY to RMB 5 billion.