快手-W年度报告2023

2023 2491639100122208216217218220222224316 20235152023913 22 2023913 PO Box 309, Ugland HouseGrand Cayman, KY1–1104Cayman Islands 16 3485 96 55 520100020 0102481024 1826 www.kuaishou.com 1818107–08 183171712–1716 Maples Fund Services (Cayman) LimitedPO Box 1093Boundary Hall, Cricket SquareGrand Cayman, KY1-1102Cayman Islands (2)EBITDA 202320232023100 2023 20237202350%100%20231,13520.5%2023100103 20233.8257.0044.5%9.4%124.5 2023 20233002023109,40050%20233202330%20%202330% 202316%2023100% 202320.6%1822023160% 20232023200%2023150% 202320232023300%(UALUniversal Auto Ads for Leads)AIGC202350% 202380%20236 202329.3%4,039 20231.318.6% 10050%14 2023155%2,500100%2023 202320%tab60% 2023100% 2023 20233.4%10020231,300202340%30% 2023192023 +2023200%100%2023160 202320238.47200%30%202363.2%202320226628 2023300% 20234,0202023550202311174 2023123120221231 202320221231 202294220.5%20231,135 20232022 202249023.0%2023603 202235410.4%2023391 20229844.7%2023141 20232022 (1)16— 20225217.7%2023561 20232022 202242136.2%2023574202244.7%202350.6% 20223711.7%2023365202239.4%202332.2% 20223910.4%202335 202213810.5%2023123 2022152023978 20234102022142022 2023645.7%202212613.3% 20232022 2022192202311418.8% 202266202328 20221662023539 2023812022139 2023692022125 202320224901220232022 2023642022137 20232022 20232022 202228315.1%2023326 20232022 202215120.6%2023182 20232022100 20223236.2%202343 20232022 (1)16— 20221541.0%2023153 20232022 202212934.3%2023173202245.5%202353.1% 2022974.7%2023102202234.4%202331.3% 20221027.3%2023752 2022344.4%202333 20224502023379 20231972022349 20233611.1%2022124.4% 20232022 20221320234313.2% 2022152023551 1352022107 202320222327 202337202212 20232022122384 202336202215 20232023 2023 202327916.5%2023326 2023 202314723.9%2023182 2023973.4%2023100 20233521.8%2023432023 2023 (1)16— 202313513.1%2023153 2023 202314519.6%2023173202351.7%202353.1% 20238914.1%2023102202332.0%202331.3% 20238982023752 20233011.1%202333 20233792023434 2023197128 202336202322202311.1%20237.9% 2023 202312312023930 2023433216.2% 2023551635 2023135 20232326 20233723 1222023138 20233622 202320221231 202320232022 20231231202393020221231 (1) 202122023123112920221231133 2023123161620221231447 202320221231 20231231208693640313512 202312311991324924 2023123114351332 2023123123(a) 20231231 20231231 20231231 20231231 20231231 2020 20201231F-1F-2202020,956.5F-1F-2B 2020 46,964.4 202382220236302023630 20231231 8 10%50% 5 2023123126,418 10 30%30% 15 24 372023123195,393 20231231 202312312,852,630,653.3657,128,000B 202352024352,744,900B202369731928102012212024131229328B52,744,900BAReach Best8A.212023697319281020122120241312293289,229,408AB8A.138A.154,383,100B 27 25% 20231231 20231231 202420246132024 202420246720246132024202466183171712–1716 A10B (1)Reach Best418,240,113A9,229,408B9.84%9.84%37.57% (2)Ke Yong338,767,480A43,770,873B8.81%8.81%30.76% ABAB757,007,593BB21.11% 8A.22AA (1)8A.17(1)(2)(3)(4) (2)8A.18AA(3)A8A.18(2)(4)AB 20235152023913 2023913 — 2024202420242024 3.13 40 20112007820097(Hewlett-Packard)2009920112Renren Inc.RENN2011GIF 20077 41 2013112006122008102010120115Google ChinaBaidu, Inc.BIDU9888 20057 4820173 2011Tencent Holdings Ltd700Tencent Investment2008920105Bertelsmann Asia Investment Fund 201812KE Holdings Inc.BEKE242320159ZhihuInc.ZH239020131220228Howbuy Wealth Management Co., Ltd.83441820176202111Missfresh LimitedMF20201220233Fenbi Ltd.2469 1998720045 5120142 2020042007201115Y CapitalMorningsideVenture Capital2016Neumann Advisory Hong Kong Limited9 1994719995 5920165 2006DCMSINA CorporationSINA 20136China Online EducationGroupCOE20111VipshopHoldings LimitedVIPS200912Tuniu CorporationTOUR200611GigaCloud Technology lncGCT20225QuantaSing Group LtdQSG201812202311YSB Inc.20236289885 1988619936 452023520212 10200512xiaonei.comxiaonei.com200610Renren Inc.RENN20091taofang.com200862010102010Meituan3690201510202332023320236 20017 4420239132023913 5820212 15JD.com, Inc.JD96182013920209 20227Tuya Inc.TUYA2391202011Yatsen Holding LimitedYSG 2006720139200820102011201220048200632002820047Citigroup Global Markets Inc.1997120008199910 202110202291997220026 4920212 20142200642013920150006162007420139 20097 5320239 199742011 20218LI02015201913004132019320224688363201532021116012880128820178 199471997320041 40—— 41—— 4220231182023117 4620221 201082014320143201742017520214Joyy Inc.YY Inc.YY2021520221 200062004620105 39IT 20122009920123Renren Inc.RENN 2007720097 39 2011Android2007820098Hewlett-Packard2009920109201010201112 20077 20231120251231 2024112026123120235152026514500,000 2024112026123120239132026912750,000 2024 10(b) 10(b)(v)—20231231 —1818 8.10 3.25 2023 2023123120241231 10 10 39.1 (DION)20231231XVXV78352 (1)L (2)202312314,346,653,215762,124,847A3,584,528,368B (3)Reach BestVistra Trust (Singapore) Pte. Limited20231231R