本报告导读:公司四季度实现全面盈利,社区生态持续繁荣,游戏与广告业务表现强劲。投资要点:维持“增持”评级,调整目标价至219港元。公司四季度实现全面盈利,社区生态持续繁荣,游戏与广告业务表现亮眼。考虑平台商业化能力与费用管控力度,更新盈利预测,预计2025-2027年经调整净利润19.0/28.7/38.6亿元人民币(前值2025-2026年为10.0/28.0亿元人民币),上调目标价至219港元...
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