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id="MainContent_companySource" class="small">Source: <a href="http://www.kingsoft.com" target="_blank">Kingsoft Corporation Limited</a></span> </div> </td> <td class="float-right"> <div class="addthis_sharing_toolbox"></div> </td> </tr> </table> </div> <p style="padding-bottom:100px;"></p> <div class="col-lg-9"> <table> <tr><td> <div align="justify" class="title"><span id="MainContent_HeadLine" class="header">Kingsoft Announces 2024 Third Quarter Results</span></div> <div align="justify"><strong><span id="MainContent_SubHeadLine" class="header">- Kingsoft Office Group Achieves Steady Growth <BR />- Fueled by Technological Innovation, Empowering Customers<BR />- Online Games Business Iterates Classic IP and Actively Expands New Game Genres</span></strong></div> <div align="justify"><span id="MainContent_Body" class="bodytext"><p><strong>FINANCIAL HIGHLIGHTS</strong></p> <table style="height: 376.785px;" border="1" width="630" cellspacing="0" cellpadding="0"> <tbody> <tr style="height: 40.7986px;"> <td style="height: 98.3958px;" rowspan="2" width="300"> <p><strong>RMB’000 (Unaudited)</strong></p> </td> <td style="height: 40.7986px;" colspan="3" valign="top" width="330"> <p align="center"><strong>For the three months ended</strong></p> </td> </tr> <tr style="height: 57.5972px;"> <td style="height: 57.5972px;" width="102"> <p align="right"><strong>30 September 2024</strong></p> </td> <td style="height: 57.5972px;" width="114"> <p align="right"><strong>30 September</strong><br><strong>2023</strong></p> </td> <td style="height: 57.5972px;" width="114"> <p align="right"><strong>30 June</strong><br><strong>2024</strong></p> </td> </tr> <tr style="height: 40.7986px;"> <td style="height: 40.7986px;" width="300"> <p><strong>Revenue</strong></p> </td> <td style="height: 40.7986px;" width="102"> <p align="right"><strong>2,914,785</strong></p> </td> <td style="height: 40.7986px;" width="114"> <p align="right">2,059,679</p> </td> <td style="height: 40.7986px;" width="114"> <p align="right">2,473,766</p> </td> </tr> <tr style="height: 40.7986px;"> <td style="height: 40.7986px;" width="300"> <p>- Office Software and Services</p> </td> <td style="height: 40.7986px;" width="102"> <p align="right"><strong>1,206,815</strong></p> </td> <td style="height: 40.7986px;" width="114"> <p align="right">1,098,325</p> </td> <td style="height: 40.7986px;" width="114"> <p align="right">1,187,730</p> </td> </tr> <tr style="height: 40.7986px;"> <td style="height: 40.7986px;" width="300"> <p>- Online Games and Others</p> </td> <td style="height: 40.7986px;" width="102"> <p align="right"><strong>1,707,970</strong></p> </td> <td style="height: 40.7986px;" width="114"> <p align="right">961,354</p> </td> <td style="height: 40.7986px;" width="114"> <p align="right">1,286,036</p> </td> </tr> <tr style="height: 40.7986px;"> <td style="height: 40.7986px;" width="300"> <p><strong>Gross Profit</strong></p> </td> <td style="height: 40.7986px;" width="102"> <p align="right"><strong>2,454,444</strong></p> </td> <td style="height: 40.7986px;" width="114"> <p align="right">1,676,854</p> </td> <td style="height: 40.7986px;" width="114"> <p align="right">2,042,035</p> </td> </tr> <tr style="height: 40.7986px;"> <td style="height: 40.7986px;" width="300"> <p><strong>Operating Profit</strong></p> </td> <td style="height: 40.7986px;" width="102"> <p align="right"><strong>1,144,118</strong></p> </td> <td style="height: 40.7986px;" width="114"> <p align="right">376,073</p> </td> <td style="height: 40.7986px;" width="114"> <p align="right">794,037</p> </td> </tr> <tr style="height: 57.5972px;"> <td style="height: 57.5972px;" width="300"> <p><strong>Profit Attributable to Owners of the Parent</strong></p> </td> <td style="height: 57.5972px;" width="102"> <p align="right"><strong>413,449</strong></p> </td> <td style="height: 57.5972px;" width="114"> <p align="right">28,492</p> </td> <td style="height: 57.5972px;" width="114"> <p align="right">393,353</p> </td> </tr> <tr style="height: 16.7986px;"> <td style="height: 16.7986px;" width="300"> <p><strong>Basic Earnings per Share (RMB)</strong></p> </td> <td style="height: 16.7986px;" width="102"> <p align="right"><strong>0.31</strong></p> </td> <td style="height: 16.7986px;" width="114"> <p align="right">0.02</p> </td> <td style="height: 16.7986px;" width="114"> <p align="right">0.29</p> </td> </tr> </tbody> </table> <p style="text-align: justify;"><strong><br>HONG KONG, Nov 19, 2024 - (ACN Newswire) - Kingsoft Corporation Limited</strong> (“Kingsoft” or the “Company”; Stock Code: 03888.HK), a leading software and internet services company in China, has announced its unaudited quarterly results for the three months ended September 30, 2024 (“period under review”).</p> <p style="text-align: justify;">During the period under review, the revenue of Kingsoft increased by 42% year-on-year and 18% quarter-on-quarter to RMB2,914.8 million. Revenue from the office software and services represented 41% and online games and others represented 59% of total revenue. Gross profit increased 46% year-on-year to RMB2,454.4 million. Operating profit before share-based compensation costs surged by 168% year-on-year and increased by 37% quarter-on-quarter to RMB1,202.4 million.</p> <p style="text-align: justify;"><strong>Mr. Jun LEI, Chairman of Kingsoft</strong>, commented, “In the third quarter, our core businesses made steady progress, further solidifying our market presence. Kingsoft Office Group remains dedicated to R&D of AI and collaboration, empowering individual and institutional customers with technological innovation, bringing users a one-stop AI-empowered office experience, and promoting the application of new productive forces within the office services sector. With respect to online games business, we continue to refine our classic JX online series and actively expand into new game genres.”</p> <p style="text-align: justify;"><strong>Mr. Tao ZOU, Chief Executive Officer of Kingsoft</strong>, added, “In the third quarter, fueled by the robust performance of our game products, the Group achieved significant growth in both total revenue and operating profit, both reaching a record high. Total revenue amounted to RMB2,914.8 million, representing year-on-year and quarter-on-quarter increases of 42% and 18% respectively. Revenue from online games and others business reached RMB1,708.0 million, representing a notable year-on-year increase of 78% and a quarter-on-quarter increase of 33%. Revenue from the office software and services business amounted to RMB1,206.8 million, representing a year-on-year increase of 10% and quarter-on-quarter growth of 2%. The operating profit of the Group surged to RMB1,144.1 million, demonstrating a substantial 204% year-on-year and a 44% quarter-on-quarter growth.”</p> <p style="text-align: justify;"><strong>BUSINESS REVIEW</strong></p> <p style="text-align: justify;"><strong>Office Software and Services</strong></p> <p style="text-align: justify;">For the third quarter of 2024, revenue from the office software and services business increased by 10% year-on-year and 2% quarter-on-quarter to RMB1,206.8million. The year-on-year increase was mainly due to the growth of Kingsoft Office Group’s domestic individual office subscription business.</p> <p style="text-align: justify;">In the domestic individual office subscription business, Kingsoft Office Group continued to optimize the features of WPS AI, providing users with a more convenient and efficient creative experience, further enhancing user stickiness and conversion rates. Our domestic institutional subscription business, leveraging the continuous improvement of the WPS 365, steadily advanced its SaaS transformation, and expanded its customer base among large and medium-sized private enterprises and local state-owned enterprises. Overseas business also maintained healthy growth. With respect to AI application innovation, the Group launched a series of core capabilities and solutions, including AI Co-writing, AI Docs (intelligent document library), Kingsoft Government Office Model, and the AI assistant – WPS Lingxi. The Group also released the WPS HarmonyOS NEXT, further promoting the development of the AI office ecosystem.</p> <p style="text-align: justify;"><strong>Online Games and Others</strong></p> <p style="text-align: justify;">For the third quarter of 2024, revenue from online games and others business for the third quarter of 2024 increased by 78% year-on-year significantly and 33% quarter-on-quarter to RMB1,708.0 million. The year-on-year and quarter-on-quarter increases were mainly attributed to the outstanding performance of JX3 Online and the successful launch of JX3 Ultimate further boosting the game popularity, and the active operation and enhanced experience of other games.</p> <p style="text-align: justify;">JX3 Online continues to demonstrate remarkable resilience. JX3 Ultimate has performed outstandingly since its launch, and the number of returning players has exceeded expectations. In October, JX3 Online released its annual expansion pack, featuring a new class, increased level cap, and innovative gameplay, further enhancing players’ emotional engagement and activity. The sci-fi mecha game Mecha BREAK completed its first public beta test in August, with player enthusiasm exceeding expectations, sparking widespread attention globally. The game has garnered nearly 3 million global pre-registrations and peaked at 17th on the Steam Global Wishlist. Furthermore, the mobile game The Fate of Sword: Zero has received license approval and is scheduled to launch next year.</p> <p style="text-align: justify;"><strong>Mr. Jun LEI</strong> concluded, “In the third quarter, we focused on refining and optimizing our core products and services to lay a solid foundation for future development. Kingsoft Office Group will continue its long-term investment in AI and collaboration and address users’ office needs across various scenarios and deliver more intelligent and efficient office experience. Meanwhile, our online games business will remain dedicated to ongoing innovation and quality enhancement, offering exceptional gaming experience and rich content to global players.”</p> <p style="text-align: justify;"><strong>About Kingsoft Corporation Limited</strong></p> <p style="text-align: justify;">Kingsoft (3888.HK) is a leading Chinese software and internet service company listed on the Hong Kong Stock Exchange. It has three main subsidiaries: Kingsoft Office, Seasun Holdings and Kingsoft Shiyou. With the implementation of the “transformation toward mobile internet” strategy, Kingsoft has completed a comprehensive transformation in its overall business and management model. The Company has established a strategic layout with office software and interactive entertainment as its pillars, and cloud services and artificial intelligence as its new starting points. Kingsoft has nearly 8,000 employees worldwide and holds a significant market share domestically. For more details, please refer to <a href="http://www.kingsoft.com">http://www.kingsoft.com</a>.</p> <table border="0" width="665" cellspacing="0" cellpadding="0"> <tbody> <tr> <td colspan="3" valign="top" width="665"> <p><strong>Kingsoft Investor Relations:</strong></p> </td> </tr> <tr> <td valign="top" width="83"> <p>Li Yinan</p> </td> <td valign="top" width="190"> <p>Tel: (86) 10 6292 7777</p> </td> <td valign="top" width="392"> <p>Email: <a href="mailto:ir@kingsoft.com">ir@kingsoft.com</a></p> </td> </tr> <tr> <td colspan="3" valign="top" width="665"> <p><strong>For further queries, please contact Hill and Knowlton:</strong></p> </td> </tr> <tr> <td valign="top" width="83"> <p>Ovina Zhu</p> </td> <td valign="top" width="190"> <p>Tel: (852) 2894 6315</p> </td> <td valign="top" width="392"> <p>Email: <a href="mailto:kingsofthk@hkstrategies.com">kingsofthk@hkstrategies.com</a></p> </td> </tr> </tbody> </table></span></div> <div align="justify"><span id="MainContent_CompanyName" class="bodytext"></span></div> <div align="justify"><span id="MainContent_CompanyBoiler" class="bodytext"></span></div> <div align="justify"><span id="MainContent_Contact" class="bodytext"></span></div> <div align="justify"><span id="MainContent_Source" class="note">Source: Kingsoft Corporation Limited<BR />Sectors: Cloud & Enterprise, eSports, Gaming <BR /><BR /></span></div> <div align="justify"><span id="MainContent_Copyright" class="bodytext"><p>Copyright 漏2024 JCN Newswire. 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(HUMA) is January 17, 2025 - Contact Kaplan Fox & Kilsheimer LLP</a><br /><span class="note"> Nov 21, 2024 09:00 JST</span><br /></td></tr><tr><td class="articleDate"><img title="Lexaria Bioscience" src="http://www.jcnnewswire.com/image/toppage/Lexaria.55.jpg"><br /><a href="/pressrelease/93991/3/ALL-Study-Groups-Using-DehydraTECH-Processing-Outperform-Rybelsus(R)-in-Body-Weight-Control-in-Lexar" class="newslink">ALL Study Groups Using DehydraTECH Processing Outperform Rybelsus(R) in Body Weight Control in Lexaria's 12-Week GLP-1, Diabetes Animal Study</a><br /><span class="note"> Nov 20, 2024 23:05 JST</span><br /></td></tr><tr><td class="articleDate"><img title="Mitsubishi Heavy Industries, Ltd." src="http://www.jcnnewswire.com/image/toppage/MHI_newT.jpg"><br /><a href="/pressrelease/93993/3/Start-of-Demonstration-Test-of-Two-Phase-Direct-to-Chip-Cooling-in-the-Air-Cooled-Data-Center" class="newslink">Start of Demonstration Test of Two-Phase Direct-to-Chip Cooling in the Air-Cooled Data Center</a><br /><span class="note"> Nov 20, 2024 15:30 JST</span><br /></td></tr><tr><td class="articleDate"><img title="Eisai" src="http://www.jcnnewswire.com/image/toppage/eisai45.jpg"><br /><a href="/pressrelease/93992/3/Rozebalamin-for-Injection-25mg-(Mecobalamin)-for-Amyotrophic-Lateral-Sclerosis-Launched-in-Japan" class="newslink">Rozebalamin for Injection 25mg (Mecobalamin) for Amyotrophic Lateral Sclerosis Launched in Japan</a><br /><span class="note"> Nov 20, 2024 11:51 JST</span><br /></td></tr><tr><td class="articleDate"><img title="Eisai" src="http://www.jcnnewswire.com/image/toppage/eisai45.jpg"><br /><a href="/pressrelease/93990/3/Anticancer-Agent-TASFYGO-Tablets-35mg-(Tasurgratinib-Succinate)-Launches-in-Japan-for-Biliary-Tract-" class="newslink">Anticancer Agent "TASFYGO Tablets 35mg" (Tasurgratinib Succinate) Launches in Japan for Biliary Tract Cancer with FGFR2 Gene Fusion or Rearrangements</a><br /><span class="note"> Nov 20, 2024 10:24 JST</span><br /></td></tr><tr><td class="articleDate"><img title="Kingsoft Corporation Limited" src="http://www.jcnnewswire.com/image/toppage/kingsoft.gif"><br /><a href="/pressrelease/93971/3/Kingsoft-Announces-2024-Third-Quarter-Results" class="newslink">Kingsoft Announces 2024 Third Quarter Results</a><br /><span class="note"> Nov 19, 2024 18:54 JST</span><br /></td></tr><tr><td class="articleDate"><img title="Olympus" src="http://www.jcnnewswire.com/image/toppage/olympus-68.jpg"><br /><a href="/pressrelease/93934/3/NTT-and-Olympus-Joint-Demonstration-Shows-IOWN-APNs-Low-latency-Capability-Can-Be-Used-for-Real-time" class="newslink">NTT and Olympus Joint Demonstration Shows IOWN APN's Low-latency Capability Can Be Used for Real-time Diagnosis and Treatment on a Remote Server to Realize World's First Cloud Endoscopy System</a><br /><span class="note"> Nov 19, 2024 15:30 JST</span><br /></td></tr><tr><td class="articleDate"><img title="Fujitsu Ltd" src="http://www.jcnnewswire.com/image/toppage/Fujitsu.Logo.68.jpg"><br /><a href="/pressrelease/93955/3/Supercomputer-Fugaku-retains-first-place-worldwide-in-HPCG-and-Graph500-rankings" class="newslink">Supercomputer Fugaku retains first place worldwide in HPCG and Graph500 rankings</a><br /><span class="note"> Nov 19, 2024 09:02 JST</span><br /></td></tr></table></span> <a id="MainContent_LatestRelease_MoreRelease" href="/MoreNews_j/3">More Latest Release >></a> </div> <div class="col-lg-3"> <span id="MainContent_RelatedNews_RelatedNews"></span> </div> </td></tr> </table> <script type="text/javascript"> $(document).ready(function () { $("#single_1").fancybox({ helpers: { title: { type: 'float' } } }); }); </script> </section> </div> <footer> <div class="content-wrapper"> <div align="center"> Copyright © 2024 - JCN Newswire <div class="botton-nav"> <ul> <li><a href="../../../">Home</a></li> <li><a href="../../../About/">About</a></li> <li><a href="../../../Contact/">Contact</a></li> <li><a href="../../../RssFeed/">RSS</a></li> <li><a href="../../../Cookies/">Cookies Policy</a></li> <li><a href="../../../Disclaimer/">Disclaimer</a></li> <li><a href="../../../Privacy/">Privacy Policy</a></li> <li><a href="../../../Terms/">Terms of Use</a></li> <li> - </li> <li> Connect with us:</li> <li class="nolink"> <a href="https://www.facebook.com/jcnnewswire" target="_blank" class="social"> <i class="fa fa-facebook-square"></i></a> </li> <li class="nolink"> <a href="https://twitter.com/JCNNewswire" target="_blank" class="social"><i class="fa fa-twitter-square"></i></a> </li> <li class="nolink"> <a href="/rssfeed.aspx" class="social"><i class="fa fa-rss-square"></i></a> </li> </ul> </div> </div> </div> </footer> <script type="text/javascript"> //<![CDATA[ var Page_Validators = new Array(document.getElementById("RequiredFieldSearch")); //]]> </script> <script type="text/javascript"> //<![CDATA[ var RequiredFieldSearch = document.all ? 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