Kingsoft Corp Reports Strong 2024 Financial Growth

Kingsoft Corp ( (KSFTF) ) has released its Q4 earnings. Here is a breakdown of the information Kingsoft Corp presented to its investors.

Kingsoft Corporation Limited, a prominent player in the technology sector, specializes in office software and services, as well as online games, offering innovative solutions and engaging entertainment experiences. The company, listed on the Hong Kong Stock Exchange, has a strong focus on research and development to enhance its product offerings and maintain competitive advantage.

In its latest earnings report for the year ending December 31, 2024, Kingsoft Corp reported significant financial growth, achieving a 21% increase in revenue year-on-year, reaching RMB 10.32 billion. The company also saw a substantial rise in operating profit, which surged by 64% to RMB 3.65 billion, reflecting the successful execution of its strategic initiatives.

Key financial highlights include a notable 221% increase in profit attributable to owners of the parent, amounting to RMB 1.55 billion. The company’s earnings per share also improved significantly, with basic earnings per share rising by 222% to RMB 1.16. The board recommended a final dividend of HK$0.15 per share, pending shareholder approval.

Looking ahead, Kingsoft Corp remains committed to advancing its core capabilities in AI and collaboration, aiming to enhance its market position in the intelligent office sector. The company plans to continue its focus on product innovation and expansion into high-value regions, leveraging its strong financial position to drive future growth.

Overall, Kingsoft Corp’s robust financial performance and strategic focus on innovation position it well for continued success in the technology and entertainment sectors, with a positive outlook for the coming year.