Kuaishou Technology reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CNY 27,948 million compared to CNY 23,128 million a year ago. Net income was CNY 2,181 million compared to net loss of CNY 2,713 million a year ago. Basic earnings per share from continuing operations was CNY 0.51 compared to basic loss per share from continuing operations of CNY 0.64 a year ago. Diluted earnings per share from continuing operations was CNY 0.49 compared to diluted loss per share from continuing operations of CNY 0.64 a year ago.
For the nine months, sales was CNY 80,909 million compared to CNY 65,890 million a year ago. Net income was CNY 2,788 million compared to net loss of CNY 12,143 million a year ago. Basic earnings per share from continuing operations was CNY 0.65 compared to basic loss per share from continuing operations of CNY 2.86 a year ago. Diluted earnings per share from continuing operations was CNY 0.63 compared to diluted loss per share from continuing operations of CNY 2.86 a year ago.