On August 3, KINGSOFT rose 5.01% in regular trading, trading at HK$28.1/share, with turnover of HK$488 million.
On the news front, the rally was driven by continued positive sentiment from subsidiary Kingsoft Office's robust half-year earnings preview, coupled with gaming subsidiary Kingsoft World Games announcing increased investment in core IPs. Kingsoft Office's preliminary results project H1 revenue of RMB 3.214 billion to RMB 3.413 billion, representing year-over-year growth of 20.95% to 28.43%. Net profit is estimated at RMB 2.316 billion to RMB 2.719 billion, surging 209.98% to 263.89% year-over-year. Additionally, KINGSOFT Vice President Zheng Ke previously stated that the game title Goose Goose Duck has delivered a second growth curve for the company, reinforcing expectations of a gaming business inflection point.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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