The following is a summary of the Kingsoft Corporation Limited (KSFTF) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Kingsoft Corporation reported Q2 2024 total revenues of RMB 2.47 billion, marking a 13% year-on-year increase and a 16% quarter-on-quarter increase.

• Operating profit for Q2 2024 reached RMB 719 million, growing 18% year-on-year and 32% quarter-on-quarter, with an operating profit margin of 32%.

• Profit attributable to shareholders significantly increased to RMB 393 million, a 588% year-on-year increase and a 38% quarter-on-quarter increase.

Business Progress:

• Kingsoft focused on AI collaboration, launching WPS AI 2.0 to enhance productivity across personal, enterprise, and government editions.

• Monthly active devices of key products grew to 602 million, a 3.08% year-on-year increase. Paying subscribers reached 38.15 million, a 14.79% year-on-year increase.

• Successful launch of mobile game JX3 Ultimate significantly increased user engagement and revenue for the online games sector.

Opportunities:

• The continued development and integration of AI technologies in Kingsoft's office products, notably through WPS AI 2.0, represent a significant opportunity to enhance office productivity and attract new customers.

Risks:

• No explicit risks/opportunities detected.

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