Kuaishou (01024.HK) CFO Jin Bing said Q2 free cash flow was positive and the
company aims to maintain group-level free cash flow positivity in H2. Following
independent financing of Keling AI, Kuaishou will adopt more flexible cash
deployment for compute — including leasing — to optimize capital allocation and
help improve group cash flow. The company will keep a prudent cash-management
and capex stance; most capital spending was concentrated in 1H. Available
liquidity (cash and equivalents, time deposits, financial assets and restricted
cash) stood at 121.3 bln yuan as of June 30. Net cash from operating activities
in Q2 was 5.9 bln yuan. Shareholder returns in 2026 YTD include ~HKD 2.0 bln of
share buybacks and HKD 3.0 bln of cash dividends; total YTD returns are close to
last year’s full-year level and are expected to exceed last year for 2026.
