Summary by Moomoo AI
Kingsoft announced unaudited performance for the three months and six months ended June 30, 2024, showing growth in both revenue and gross profit. Total revenue in the second quarter reached RMB 2,473.8 million, a year-on-year increase of 13% and a quarter-on-quarter increase of 16%. Revenue from office software and services business was RMB 1,187.7 million, up 6% from the same period last year, while revenue from online games and other businesses reached RMB 1,286.0 million, up 20% year-on-year and 41% quarter-on-quarter. Operating profit was RMB 794.0 million, up 18% year-on-year and 32% quarter-on-quarter. The net profit attributable to shareholders of the parent company for the first half of the year was RMB 677.9 million, a significant increase compared to RMB 249.5 million in the same period last year. The company's management team said it will continue to focus on collaboration and AI, promote the landing of new productive forces in the field of smart offices, and cultivate the classic Jianxia Love series while actively expanding the types of games.