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Zhang Huang

Research Analyst at China Everbright Securities Company Limited

Zhang Huang is a Research Analyst at China Everbright Securities Company Limited, primarily focused on company earnings analysis and equity research. He has covered companies such as Cheetah Mobile, contributing to public earnings calls and demonstrating a specialization in in-depth corporate financial evaluation. His professional activity at Everbright Securities reflects an analytical approach centered on interpreting company performance and industry dynamics, though public performance metrics such as TipRanks rankings or verified returns are not available. While precise details on previous firms, length of tenure, or regulatory credentials are not disclosed, his current role highlights expertise in sector-specific research and corporate coverage.

Zhang Huang's questions to Cheetah Mobile (CMCM) leadership

Question · Q2 2025

Zhang Huang asked for quantifiable metrics or numbers regarding AI-driven R&D efficiency improvements, such as development cycle or per capita output. He also inquired about the future optimization potential for the R&D expense ratio and the company's next focus areas for efficiency enhancement.

Answer

Chairman and CEO Fu Sheng stated that specific detailed R&D efficiency data is considered core competitive intelligence and cannot be fully disclosed. However, he provided an example: a recording summary tool that previously required a 5-10 person team was developed by two less-experienced colleagues using AI, demonstrating significant efficiency gains. He linked the company's rapid reduction in losses (from RMB 200M+ to near break-even after acquiring OrionStar) to both business growth and R&D efficiency. He clarified that optimization isn't just about cutting R&D expenses but improving team efficiency to support better products and revenue. The primary challenge and next focus for efficiency is building an 'AI-native' organization, where employees deeply understand and utilize AI, aiming to reduce role specialization and enhance individual capabilities across product management, development, and various engineering roles.

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