Kingsoft Limited announced its mid-year report for 2024, showing steady growth in the office software and services as well as online games business. During the reporting period, Kingsoft's total revenue reached RMB 2,473.8 million, a year-on-year increase of 13% and a quarter-on-quarter increase of 16%. Among them, the revenue from online games and other businesses reached RMB 1,286.0 million, a year-on-year increase of 20% and a quarter-on-quarter increase of 41%; the revenue from office software and services business was RMB 1,187.7 million, a year-on-year increase of 6%. The operating profit reached RMB 794.0 million, a year-on-year increase of 18% and a quarter-on-quarter increase of 32%. In addition, the company upgraded its AI strategy in July and...Show More

Kingsoft Limited announced its mid-year report for 2024, showing steady growth in the office software and services as well as online games business. During the reporting period, Kingsoft's total revenue reached RMB 2,473.8 million, a year-on-year increase of 13% and a quarter-on-quarter increase of 16%. Among them, the revenue from online games and other businesses reached RMB 1,286.0 million, a year-on-year increase of 20% and a quarter-on-quarter increase of 41%; the revenue from office software and services business was RMB 1,187.7 million, a year-on-year increase of 6%. The operating profit reached RMB 794.0 million, a year-on-year increase of 18% and a quarter-on-quarter increase of 32%. In addition, the company upgraded its AI strategy in July and launched WPS AI 2.0, achieving steady growth in domestic personal office subscription business. During the reporting period, the company's parent company's attributable earnings per share were RMB 0.29. Kingsoft did not distribute interim dividends during the reporting period, and the total amount of cash and cash equivalents at the end of the reporting period was RMB 19,713.9 million.