Summary by Moomoo AI
Kingsoft Limited announced its Mid-Year Report for 2024, showing robust growth in office software and services as well as online game business. During the reporting period, Kingsoft achieved a total revenue of 247.38 million yuan, a year-on-year increase of 13% and a quarter-on-quarter increase of 16%. Among them, the revenue from online games and other businesses reached 128.6 million yuan, an increase of 20% year-on-year and 41% quarter-on-quarter; the revenue from office software and services business was 118.77 million yuan, a 6% increase year-on-year. The operating profit reached 79.4 million yuan, an increase of 18% year-on-year and 32% quarter-on-quarter. In addition, the company upgraded its AI strategy in July, launching WPS AI 2.0 and achieving steady growth in...Show More