Understanding the Market | KINGSOFT rises nearly 4% against the trend, Kingsoft Office's third-quarter net profit increased by nearly 40% year-on-year, with significant growth in all WPS businesses
KINGSOFT Software rose nearly 4% against the market, as of the time of writing, up 4.13% to HKD 33.82, with a transaction volume of HKD 414 million. In terms of news, KINGSOFT Software announced that its subsidiary Kingsoft Office achieved an operating income of RMB 4.178 billion in the first three quarters, a year-on-year increase of 15.21%; net profit attributable to the parent company was RMB 1.178 billion, a year-on-year increase of 13.32%; and net profit attributable to the parent company after deducting non-recurring gains and losses was RMB 1.149 billion, a year-on-year increase of 15.94%. In the third quarter, the operating income was approximately RMB 1.521 billion, a year-on-year increase of 25.33%. The net profit was approximately RMB 463 million, a year-on-year increase of 39.38%. During the reporting period, all three main businesses of Kingsoft Office achieved significant year-on-year revenue growth: WPS personal business revenue was RMB 899 million, a year-on-year increase of 11%, accounting for 59% of total revenue; revenue from WPS 365 for organizational customers was RMB 201 million, a year-on-year increase of 72%, accounting for 13% of total revenue; and revenue from WPS software business was RMB 391 million, a year-on-year increase of 51%, accounting for 26% of total revenue
According to Zhitong Finance APP, Kingsoft (03888) rose nearly 4% against the market trend, with a current increase of 4.13%, priced at HKD 33.82, and a trading volume of HKD 414 million.
In terms of news, Kingsoft announced that its subsidiary Kingsoft Office reported an operating income of RMB 4.178 billion for the first three quarters, a year-on-year increase of 15.21%; the net profit attributable to the parent company was RMB 1.178 billion, a year-on-year increase of 13.32%; the net profit excluding non-recurring items attributable to the parent company was RMB 1.149 billion, a year-on-year increase of 15.94%. In the third quarter, the operating income was approximately RMB 1.521 billion, a year-on-year increase of 25.33%. The net profit was approximately RMB 463 million, a year-on-year increase of 39.38%.
During the reporting period, all three main businesses of Kingsoft Office achieved significant year-on-year revenue growth: WPS personal business revenue was RMB 899 million, a year-on-year increase of 11%, accounting for 59% of total revenue; revenue from WPS 365 for organizational customers was RMB 201 million, a year-on-year increase of 72%, accounting for 13% of total revenue; WPS software business revenue was RMB 391 million, a year-on-year increase of 51%, accounting for 26% of total revenue
