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Earnings Growth Outpaced the Favorable 84% Return Delivered to Kingsoft (HKG:3888) Shareholders Over the Last Year
Hong Kong stocks movement | AI applications continue to rise, with multiple stocks increasing by over 4%. Institutions say that reduced inference costs are driving the popularization of AI applications.
The AI application sector continues to rise. As of the time of this report, KINGSOFT (03888) is up 5.55% at 39 Hong Kong dollars; MEITU (01357) is up 4.95% at 3.82 Hong Kong dollars; Baidu Group-SW (09888) is up 3.72% at 87.9 Hong Kong dollars; KINGDEE INT'L (00268) is up 1.81% at 10.1 Hong Kong dollars.
Hong Kong stocks are experiencing fluctuations | SaaS Solutions stocks rank high in price increases as reduced inference costs promote the widespread use of AI applications. Institutions state that general SaaS is the infrastructure for AI Agents.
SaaS Solutions concept stocks saw significant gains. As of the time of publication, Yidu Technology (02158) rose by 8.23% to 5 HKD; WEIMOB INC (02013) increased by 6.33% to 2.35 HKD; KINGSOFT (03888) grew by 3.95% to 36.8 HKD; Maifushi (02556) climbed by 3.87% to 64.4 HKD; KINGDEE INT'L (00268) went up by 2.83% to 10.18 HKD.
Kingsoft Cloud Grants Restricted Share Units to Employees
Hong Kong stock fluctuation | The Hengke Index increased by over 3% in the afternoon, Network Technology stocks are all in the green, JD-SW (09618) rose by more than 3%.
In the afternoon, the 恒科 Index rose more than 3%. In terms of constituent stocks, Network Technology stocks all turned positive, with JD-SW (09618) up 3.24% to HKD 156.1; KINGSOFT (03888) rose 3.19% to HKD 35.55.
[Brokerage Focus] Everbright maintains a "Buy" rating for KINGSOFT (03888), indicating that the company's various Businesses are currently in a positive trend.
Kingwo Finance | Everbright released a Research Report stating that the mobile version of "Jianwang 3 Wujie" will be launched in June 2024, achieving full platform data interoperability with KINGSOFT's (03888) flagship version of the PC game "Jianwang 3". Official data disclosed by Xishanju shows that in the first month of public testing, the monthly active users of "Jianwang 3 Wujie" reached 11.46 million, among which 6.91 million were returning players. This reflects the series' ability to maintain attraction for old players through innovation and expansion while tapping into the market of new players. In terms of profitability, during the 15th anniversary celebration from August 8 to August 12, "Jianwang 3" had a five-day revenue across all platforms.
