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Hong Kong Exchanges and Clearing Limited , The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . 88 Kuaishou Technology 快手 科技 ( A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability ) ( Stock Code : 1024 ) ANNOUNCEMENT OF THE RESULTS FOR THE THREE MONTHS ENDED MARCH 31 , 2021 The Board of Directors of Kuaishou Technology ( F ) is pleased to announce the unaudited consolidated results of the Company for the three months ended March 31 , 2021 . These interim results have been prepared in accordance with International Accounting Standard 34 " Interim Financial Reporting " and reviewed by PricewaterhouseCoopers , the independent auditor of the Company ( the " Auditor ” ) , in accordance with International Standard on Review Engagements 2410 " Review of interim financial information performed by the independent auditor of the entity ” issued by the International Auditing and Assurance Standards Board . These interim results have also been reviewed by the Audit Committee . KEY HIGHLIGHTS Financial Summary Unaudited Three Months Ended March 31 , 2021 As a percentage Amount of revenues Amount 2020 As a percentage of Year - over- revenues year change ( RMB thousands , except for percentages ) Revenues Gross profit 17,019,450 100.0 12,458,132 100.0 36.6 % 6,987,795 41.1 4,258,449 34.2 64.1 % Operating loss ( 7,292,142 ) ( 42.8 ) ( 5,025,798 ) ( 40.3 ) 45.1 % Loss before income tax ( 58,585,154 ) ( 344.2 ) ( 30,918,057 ) ( 248.2 ) 89.5 % Loss for the period ( 57,751,051 ) ( 339.3 ) ( 30,491,949 ) ( 244.8 ) 89.4 % -1-