Kingsoft Corporation Reports 9% Increase in Q1 Revenue, Net Profit Stable, EPS Consistent Year-on-Year

Reuters
28 May
Kingsoft Corporation Reports 9% Increase in Q1 Revenue, Net Profit Stable, EPS Consistent Year-on-Year

Kingsoft Corporation Limited has announced its unaudited financial results for the three months ended 31 March 2025. The company reported a total revenue of RMB 2,338.0 million, marking a year-on-year increase of 9% compared to RMB 2,136.9 million in the same period of 2024. However, this represents a 16% decrease from the previous quarter's revenue of RMB 2,792.5 million. The operating profit remained stable year-on-year at RMB 601.5 million but fell by 46% compared to the last quarter's RMB 1,106.9 million. The profit attributable to owners of the parent was RMB 283.9 million, showing no significant change from RMB 284.6 million in the previous year, though it decreased by 38% from the last quarter's RMB 460.2 million. Basic and diluted earnings per share were both reported at RMB 0.21, consistent with the previous year's figures but showing a decline from the last quarter's RMB 0.35 and RMB 0.34, respectively. In terms of business operations, revenue from the office software and services sector reached RMB 1,301.5 million, a 6% increase year-on-year. The online games and other businesses contributed RMB 1,036.5 million, reflecting a 14% growth compared to the previous year. Kingsoft continues to focus on enhancing user value and refining the product experience of WPS 365 for enterprise collaboration. The company is also advancing its application of AI technology in the office sector and pursuing global expansion, while maintaining its strategy with prime games, including the classic JX series and new game genres.

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