On July 22, Kuaishou Technology (01024.HK) fell 3.02% in regular trading, trading at HK$43.8/share, with turnover of HK$500 million.

On the news front, the Interactive Media & Services sector saw broad-based selling pressure, with sector heavyweight Tencent Holdings declining 4.98%, Bilibili-W down 3.08%, Baidu-SW down 1.96%, and Meitu down 1.91%, collectively weighing on Kuaishou. The stock had rallied over 5% on July 20 supported by sustained buyback activity and AI business financing news, and is now retracing part of those gains.

On the fundamental side, the company reported Q1 net profit attributable to shareholders of RMB 2.9 billion, a 27.02% year-over-year decline, while gross margin contracted from 54.6% to 51.2% due to rising revenue-sharing costs and infrastructure expenses, constraining near-term valuation recovery.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)