Futu News on August 20, Cheetah Mobile Inc announced Q2 financial results, which rebounded sharply today. As of press release, it rose 30.92% to US $4.32, with a turnover of US $12.3104 million.

Cheetah Mobile Inc Q2 reported that revenue fell 12.1 per cent to 970 million yuan, compared with 1.103 billion yuan in the same period last year, while net profit attributable to shareholders was 48.53 million yuan, compared with 197 million yuan in the same period last year.

AI and other revenue in the quarter reached 48.6 million, an increase of 236.2% over the same period last year, mainly driven by Leopard AI translation stick, intelligent service robot and AI enabling business. Mobile game revenue increased by 108.5% to 290 million compared with the same period last year, mainly due to good response from games such as "Brick Elimination" and "Rolling Sky 2".

It is worth mentioning that Cheetah Mobile Inc also announced tonight that the board of directors approved a special cash dividend of US $0.50 per American depositary receipt (i.e. ADS) or US $0.050 per common share, involving US $72 million (RMB 508 million), equivalent to 43 per cent of last year's net profit. Fu Sheng, CEO of the company, said that the special cash dividend confirmed Cheetah's commitment to give back to shareholders and Cheetah's confidence in the company's business model, executive ability and long-term development.

Cheetah Mobile Inc's share price has fallen more than 30% since the beginning of the year, and Kingsoft has been forced to set aside an impairment provision of RMB 1.2 billion to 1.4 billion because of its investment in it. The share price has fallen for many days in a row. I wonder if it will strengthen tomorrow.