Kingsoft's subsidiary Kingsoft Office forecasts a 4 to 4.7 times increase in profit for the first quarter

Kingsoft (03888.HK) announced that its subsidiary Kingsoft Office (688111.SH) expects to achieve a net profit attributable to shareholders of between RMB 2.022 billion and RMB 2.307 billion in the first quarter, representing a year-on-year growth of 401.9%-472.8%; operating revenue is expected to be between RMB 1.565 billion and RMB 1.662 billion, an increase of 20.2%-27.7%. During the period, the company generated significant investment income from certain external investment fund projects, which contributed greatly to the overall net profit growth.

Excluding related investment income, the net profit attributable to shareholders for the quarter is expected to be between RMB 487 million and RMB 544 million, an increase of 21%-35.2%