Question · Q3 2025
Jingyi Huang from Guangfu asked management to share more details about Zhihu's shareholder return plan and its progress.
Answer
CFO Wang Han stated that Zhihu has been one of the most active buyback companies among U.S.-listed Chinese names over the past two years, driven by confidence in achieving profitability. He highlighted that Zhihu's current market capitalization is significantly below its cash on the balance sheet, indicating the company is undervalued. Zhihu intends to maintain its buyback program and expects to remain an active repurchaser in the sector.
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