Movement Alert|KINGSOFT Rises 5.25% in Regular Trading, Chairman Lei Jun and Affiliates Accumulate Over HK$210 Million in Shares

Market Focus08-28 09:39

On August 28, KINGSOFT rose 5.25% in regular trading, trading at HK$25.76/share, with turnover of HK$58.61 million. The rally was primarily driven by intensive share accumulation by Chairman Lei Jun and affiliated entities over recent days.

According to exchange filings, Lei Jun purchased approximately 8.83 million shares across three consecutive trading days from August 24 to 27, raising his stake from 26.76% to 27.41%, with total consideration exceeding HK$210 million. Separately, Xiaomi Corporation affiliate Fast Pace Limited acquired 2.43 million shares on August 27 at approximately HK$24.46 per share, lifting its holding to 8.14%. Green Better Limited also added 2.40 million shares on August 24 at around HK$23.57 per share, increasing its stake to 5.10%.

The broader AI software application sector provided additional tailwinds, with Kingdee International gaining 8% and Meitu rising 6% on the same session. On fundamentals, KINGSOFT reported H1 net profit attributable to owners of RMB 1.639 billion, up 101% year-over-year, while its AI-driven office business revenue grew 25%. CICC recently raised its target price to HK$33, maintaining an Outperform rating.

(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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