Summary by Futu AI
Kingsoft announced unaudited performance for the three and six months ending June 30, 2024, showing revenue and gross profit growth. Total revenue for the second quarter reached RMB 2,473.8 million, a year-on-year increase of 13% and a quarter-on-quarter increase of 16%. Revenue from office software and service business was RMB 1,187.7 million, a year-on-year increase of 6%, while revenue from online games and other businesses was RMB 1,286.0 million, a year-on-year increase of 20%, and a quarter-on-quarter increase of 41%. Operating profit was RMB 794.0 million, a year-on-year increase of 18% and a quarter-on-quarter increase of 32%. Net profit attributable to shareholders of the parent company for the first half of the year was RMB 677.9 million, a significant increase from RMB 249.5 million in the same period last year. The company's management said they will continue to focus on collaboration and AI and promote the landing of new productivity in the field of smart office, while also deepening the classic Sword and Fairy series and actively expanding gaming categories.