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Kingsoft Corp Ltd (HK:3888)
:3888
Holding HK:3888?
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Earnings Data
Report Date
Mar 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.32Last Year’s EPS
0.16Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2018
|% Change Since: 19.30%
|Next Earnings Date:Aug 21, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial performance with significant revenue and profit growth, particularly in the gaming segment and the Kingsoft Office Group. However, there were challenges related to increased losses from associates and higher R&D costs. Despite these challenges, the positive aspects, including innovation and cash position, outweigh the negatives.Company Guidance
During the Kingsoft Corporation Q3 2024 earnings call, the company reported robust financial performance with total revenue reaching RMB 2.915 billion, an increase of 42% year-on-year and 18% quarter-on-quarter. Specifically, the Kingsoft Office Group contributed RMB 1.207 billion, showing a 10% year-on-year and 2% quarter-on-quarter growth. The gaming and other business segments saw significant growth, with revenue at RMB 1.708 billion, marking a 78% increase year-on-year and a 33% rise quarter-on-quarter. Operating profit reached RMB 1.14 billion, reflecting a steep 204% year-on-year and 44% quarter-on-quarter increase. The net profit attributable to the owners of the parent was RMB 413 million, compared to RMB 28 million in Q3 2023. The company also highlighted a strong cash position with RMB 25 billion in resources and a net cash generation of RMB 1,387 million from operating activities during the quarter. Kingsoft is optimistic about sustained growth, driven by continued investment in AI and new gaming releases, with an expected annual growth rate of 30% for their game business.Strong Financial Performance
Total revenue reached RMB 2.915 billion, representing year-on-year and quarter-on-quarter increases of 42% and 18%, respectively. Operating profit hit a record of RMB 1.14 billion, a remarkable 204% increase year-on-year and a 44% increase quarter-on-quarter.
Growth in Gaming Revenue
Gaming and other business generated RMB 1.708 billion, a 78% year-on-year increase and 33% quarter-on-quarter increase, driven by the success of JX3 Online and the launch of JX3 Ultimate.
Kingsoft Office Group Performance
Kingsoft Office Group contributed RMB 1.207 billion in revenue, up 10% year-on-year and 2% quarter-on-quarter. The domestic individual office subscription business generated RMB 750 million, a 17.2% year-on-year increase.
Innovations and AI Integration
The launch of WPS AI Co-writing and WPS AI 2.0 has improved user engagement and conversion rates. The public beta of WPS HarmonyOS NEXT enhances product penetration and multiuser collaboration.
Strong Cash Position
As of September 30, 2024, Kingsoft had cash resources of RMB 25 billion, with net cash generated from operating activities amounting to RMB 1,387 million for the quarter.
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HK:3888 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HK:3888 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 19, 2024 | HK$28.75 | HK$29.20 | +1.57% |
| Aug 20, 2024 | HK$20.95 | HK$20.55 | -1.91% |
| May 22, 2024 | HK$25.51 | HK$25.46 | -0.20% |
| Mar 20, 2024 | HK$22.43 | HK$23.42 | +4.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kingsoft Corp Ltd (HK:3888) report earnings?
Kingsoft Corp Ltd (HK:3888) is schdueled to report earning on Mar 25, 2025, TBA Not Confirmed.
What is Kingsoft Corp Ltd (HK:3888) earnings time?
Kingsoft Corp Ltd (HK:3888) earnings time is at Mar 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Kingsoft Corp Ltd stock?
The P/E ratio of Kingsoft is N/A.
What is HK:3888 EPS forecast?
HK:3888 EPS forecast for the fiscal quarter 2024 (Q4) is 0.32.
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