快手-W年度报告2022

249163992113190199200201203205206293 22 PO Box 309, Ugland HouseGrand Cayman, KY1-1104Cayman Islands 61 3485 96 8118 520100020 1024 www.kuaishou.com 1826 1818107–08 183171712–1716 Maples Fund Services (Cayman) LimitedPO Box 1093Boundary Hall, Cricket SquareGrand Cayman, KY1-1102Cayman Islands (2)EBITDA 2022 2022 202230%9,00020222022EBITDA 202220223.6626.413.3%10.7%202212.6%133.9 202226763.4%202250% 20222002022100IP1020222022111,13011 20224 2022202212202214.0%53.4% 2022 20222022 20221120% 2022202230%9,000 2022202250% 2022202230%11680%20222022202250%202290% 2022202021460% 202210013.7%20.4%5,840 2022150% 20222022 65 + 2021++ 2023 2022123120211231 202220211231 202181116.2%2022942 20222021 202142714.9%2022490 202131014.2%202235419.4% 20217431.4%202298 20222021 (1)16— 202147110.6%2022521 20222021 202134023.8%2022421202142.0%202244.7% 202144216.0%2022371202154.5%202239.4% 20213415.3%202239 20211507.8%2022138 20211020221520222021 2022142021225.320222021 202212613.3%202127734.2% 20222021 2022192.120218715.5% 2022202166120ROI 2022165.6202138.5 2022202122021513 2022138.7202186.7 20222021125791 20221220211020222021 20222021137781 20222021 20222021 202124415.8%2022283 20222021 202113214.0%2022151 20218813.7%202210020.4% 20212433.7%202232 20222021 (1)16— 20211437.9%2022154 20222021 202110126.9%2022129202141.5%202245.5% 20211024.8%20229741.9%34.4% 2021919.812.5%202210 20214014.2%202234 2021222.5102.5%2022450.620222021 20222021350.2995.82021 2022124.4%20215823.7% 20222021 123120222021 2022132021847.414.9% 202124202215ROI 2022106.8202156.7 202226.6202124.8 202220211259 20222021383.9331.1 202215202162 20222022 2022 202223122.3%2022283 2022 202211630.2%2022151 20228912.2%2022100 20222622.1%202232 2022 (1)16— 202212424.1%2022154 2022 202210720.3%2022129202246.3%202245.5% 2022916.7%202297202239.5%202234.4% 202210202211 202234202235 2022450.62022687.2 350.2279.6 20221220222620224.4%202211.3% 2022 202212312022930 2022375.1202213 202217202215ROI 2022106.868.3 202226.6202231.4 202212202226 2022383.9137.1 202215202227 202220211231 202220222021 EBITDA (1) 202122022123113320211231326 2022123144720211231496 202220211231 20221231221256232321022171910 2022123117575464113 20221231453412 20221231 20221231 20221231 20221231 20221231 20221231 2022COVID-19202212COVID-19 2020 20201231F-1F-2202020,956.5F-1F-2B 2020 46,964.4 20221231 2020 8 10%50% 5 2022123125,445 10 30%30% 15 24 372022123192,219.4 20221231 22.7 25% 20221231 20221231 202320236162023 20232023613202361620232023612183171712–1716 A10B (1)Reach Best427,469,521A9.86%9.86%38.06% (2)Ke Yong338,767,480A43,770,873B8.83%8.83%30.56% ABAB766,237,001BB21.48% 8A.22AA (1)8A.17(1)(2)(3)(4) (2)8A.18AA(3)A8A.18(2)(4)AB — 17.19202320232023 3.13 40 2013112006122008102010120115(Google China)Baidu, Inc.)BIDU9888 20057 39 2007820097(Hewlett-Packard)2009920112Renren Inc.)RENN2011GIF 20077 47 2011(Tencent Holdings Ltd)700Tencent Investment2008920105Bertelsmann Asia Investment Fund 201312(Howbuy WealthManagement Co., Ltd.)834418201812(KE Holdings Inc.)BEKE242320159(Zhihu Inc.)ZH239020176202111(Missfresh Limited)MF20201220233(Fenbi Ltd.)202312469 1998720045 50 202004200720111(5Y Capital)(MorningsideVenture Capital)2016Neumann Advisory Hong Kong Limited9 1994719995 43 (Baidu, Inc.)BIDU9888201220225(ACG)BuzzLabs, Inc.2011CityGrid Media4010KDDCACM 201812020920199(iQIYI, Inc.)IQ20191020226(Trip.com)TCOM996120185201911(Uxin Limited)UXIN 20016200472007112014720185 58 2006DCM(SINA Corporation)SINA 20136(China Online EducationGroup)COE20111(VipshopHoldings Limited)VIPS200912(TuniuCorporation)TOUR200611(GigaCloudTechnology lnc)20228GCT20225(QuantaSing Group Ltd)20221QSG201032020458(58.com Inc.)2020918WUBA 1988619936 44 10200512(xiaonei.com)xiaonei.com200610RenrenInc.RENN20091taofang.com200862010102010Meituan36902015102023320233 20017 57 15(JD.com, Inc.)JD96182013920209 20227(Tuya Inc.)TUYA2391202011(Yatsen Holding Limited)YSG 2006720139200820102011201220048200632002820047Citigroup Global Markets Inc.1997120008199910 202110202291997220026 49 20142200642013920150006162007420139 20097 40—— 39—— 5520221172022117 4120231182023117 452022117 201082014320143201742017520214Joyy Inc.YY Inc.YY2021520221 200062004620105 20231120251231 2023220750,000202341 10(b) 10(b)(v)—20221231 —1818 8.10 3.25 2022123120231231 10 10 39.1 (DION)20221231XVXV78352 (1)202212314,310,017,329766,237,001A3,543,780,328B (2)Reach BestVistra Trust (Singapore) Pte. Limited20221231Reach Best427,469,521A54,713,783B 202212315,699,103B (3)Ke YongVistra Trust (Singapore) Pte. Limited20221231Ke Yong338,767,480A43,770,873B 202212313,246,770B (4)15,137,509B (b) (1)(2)90%10%(3)(i)32.32%(ii)29.24%(iii)25.86%(iv)7.40%(v)5.18%(4) 20221231XVXV78352 (DION)20221231XV23336 (1)202212314,310,017,329766,237,001A3,543,780,328B(2)Tencent Mobility Limi