Kingsoft Announces 2024 Annual and Fourth Quarter Results
FINANCIAL HIGHLIGHTSRMB’000For the yearended 31 DecemberFor the 3 monthsended 31 December 2024 2023 20242023Revenue10,317,9048,533,6112,792,4782,310,135- Office software and services5,121,0754,556,5131,501,1811,285,691- Online games and others5,196,8293,977,0981,291,2971,024,444Gross Profit8,580,4767,030,3432,343,3441,896,250Operating Profit3,646,6232,226,8821,106,890714,794Profit Attributable to Owners of the Parent1,551,613483,457460,241205,435Basic Earnings Per share (RMB)1.160.360.350.15HONG KONG, Mar 19, 2025 - (ACN Newswire via SeaPRwire.com) - Kingsoft Corporation Limited (“Kingsoft” or the “Company”; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its 2024 annual results and fourth quarter results for the period ended 31 December 2024.For the year of 2024, the revenue of Kingsoft increased 21% year-on-year to RMB10,317.9 million. Revenue from the office software and services, and online games and others represented 50% and 50% of the Group’s total revenue for the year of 2024, respectively. Gross profit increased 22% year-on-year to RMB8,580.5 million. In 2024, the Group’s operating profit reached 3,646.6 million, a strong yea...
