The following is a summary of the Kingsoft Corporation Limited (KSFTF) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Kingsoft Corporation reported a significant quarter-on-quarter and year-on-year revenue increase of 42% and 18%, respectively, reaching RMB 2.915 billion.

• The company's operating profit reached a high of RMB 1.14 billion, marking an increase of 204% year-on-year and 44% quarter-on-quarter.

• Gross profit increased 46% year-on-year and 20% quarter-on-quarter to RMB 2.454 billion, with the gross profit margin rising to 84%.

• The company's net profit attributable to owners, excluding share-based compensation cost, was RMB 453 million.

Business Progress:

• Kingsoft emphasized AI integration across its products, notably with the launch of WPS AI 2.0, which has seen high user engagement and conversion rates.

• In gaming, the company highlighted the sustained success of JX Online series and the promising start of Mecha BREAK, which attracted nearly 3 million global pre-registrations.

• Continued investments in AI and innovation are planned to deliver more intelligent solutions and enhance player experiences across gaming platforms.

Opportunities:

• Significant growth was noted in Kingsoft's international office software and gaming sectors, with high recognition and promising user growth rates indicating strong market potential abroad.

• The company plans further expansion into overseas markets, leveraging their AI capabilities, which are expected to enhance growth.

Risks:

• The gaming business, while currently strong, faces future uncertainties as next year's performance forecasts are yet undisclosed, depending on the success of upcoming game launches.

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