According to the research report released by Societe Generale, it maintains a 'outperform' rating on Kingsoft, considering that the company's business remains resilient under the weak macroeconomic conditions. Due to changes in profit forecasts, the target price has been lowered from HK$32 to HK$29.5.

The report states that Kingsoft's performance in the second quarter of this year was mixed, with a 20% year-on-year growth in game revenue, exceeding expectations. It is believed that the strong growth momentum can continue in the second half of the year. Although the revenue from office software and services business in the period was lower than expected, with only a 6% year-on-year increase, the inflow of operating cash from individual and corporate users continued to grow, and it is expected to be converted into revenue growth in the third quarter.