On August 10, KINGSOFT rose 5.23% in regular trading, trading at HKD 28.96/share, with turnover of HKD 164 million.
On the news front, the company previously announced that its board will convene on August 19 to review first-half results and hold an earnings conference call, with the market holding positive expectations for the upcoming interim results. Core subsidiary Kingsoft Office earlier issued a half-year earnings preview, projecting H1 net profit growth of 210% to 264% year-over-year and revenue growth of 21% to 28% year-over-year, with net profit estimated between RMB 2.316 billion and RMB 2.719 billion.
Additionally, the company completed the buyback and cancellation of approximately 7.37 million shares in July, reducing total issued shares from roughly 1.382 billion to approximately 1.374 billion, further optimizing its capital structure. Chairman Lei Jun also increased his stake in June, reflecting insider confidence in the company's long-term value.
(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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