Latest news with #Kingsoft
Business Insider
4 days ago
- Business
- Business Insider
Kingsoft (KSFTF) Receives a Buy from Jefferies
Jefferies analyst Thomas Chong maintained a Buy rating on Kingsoft (KSFTF – Research Report) on May 29 and set a price target of HK$42.80. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Chong covers the Communication Services sector, focusing on stocks such as Tencent Holdings , Kingsoft, and Weibo. According to TipRanks, Chong has an average return of 8.7% and a 50.10% success rate on recommended stocks. In a report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a HK$45.00 price target.
Business Insider
4 days ago
- Business
- Business Insider
Morgan Stanley Reaffirms Their Buy Rating on Kingsoft (KSFTF)
In a report released yesterday, Yang Liu CFA from Morgan Stanley maintained a Buy rating on Kingsoft (KSFTF – Research Report), with a price target of HK$45.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Liu CFA covers the Technology sector, focusing on stocks such as GDS Holdings, Kingdee International Software Group Co, and Beisen Holding Ltd.. According to TipRanks, Liu CFA has an average return of 33.1% and a 63.16% success rate on recommended stocks. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Kingsoft with a $6.09 average price target. The company has a one-year high of $6.20 and a one-year low of $2.35. Currently, Kingsoft has an average volume of 100.
Yahoo
7 days ago
- Business
- Yahoo
Kingsoft Corp Ltd (KSFTF) Q1 2025 Earnings Call Highlights: Strong Revenue Growth Amid Rising Costs
Group Revenue: RMB2.34 billion, up 9% year over year. Kingsoft Office Revenue: RMB1.301 billion, 60% year-on-year increase. WPS Individual Business Revenue: RMB857 million, up 11% year on year. WPS 365 Revenue: RMB151 million, 63% year-on-year increase. Online Games Revenue: RMB1.037 billion, 14% year-on-year increase. Gross Profit: RMB1.919 billion, 10% year-on-year increase. Gross Profit Margin: 82%, increased by 1 percentage point year on year. Research and Development Costs: RMB828 million, 60% year-on-year increase. Selling and Distribution Expenses: RMB340 million, 30% year-on-year increase. Administrative Expenses: RMB160 million, flat year on year. Operating Profit: RMB655 million, decreased 3% year on year. Profit Attributable to Owners: RMB284 million, compared to RMB285 million in Q1 2024. Cash Resources: RMB26 billion as of March 31, 2025. Net Cash Used in Operating Activities: RMB102 million for the quarter. Capital Expenditures: RMB121 million for the quarter. Warning! GuruFocus has detected 2 Warning Signs with AMBR. Release Date: May 28, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Kingsoft Corp Ltd (KSFTF) reported a 9% year-over-year increase in group revenue, reaching RMB2.34 billion. The Kingsoft Office Group saw a significant 60% year-on-year revenue increase, driven by market adaptation and AI user expansion. WPS Office's global monthly active devices grew by 8% year-on-year, with notable increases in both PC and mobile versions. WPS 365 achieved a 63% year-on-year revenue increase, bolstered by its document management, collaboration, and AI capabilities. The gaming segment reported a 14% year-on-year revenue increase, with successful updates and expansions in flagship games like JX3 Online. The office software and services business experienced a 13% quarter-on-quarter revenue decrease, partly due to adjustments in procurement processes. Research and development costs rose by 60% year-on-year, impacting overall profitability. Operating profit before share-based compensation costs decreased by 44% quarter-on-quarter. Net cash used in operating activities was RMB102 million, indicating a decline from previous quarters. The company faced challenges in maintaining growth momentum for JX3 Online due to high base effects and market uncertainties. Q: Could management share your views on the strategic plans for the gaming business going forward, and any updates on the launch schedules for "Metro Brick"? A: Tao Zou, CEO, explained that the focus is on maintaining passion and quality in game development, expanding beyond martial arts genres, and targeting international markets. "Metro Brick" is scheduled for release in July, with an official announcement in early June detailing the exact launch time and countries. Q: Could you update us on the overseas business of the WPS Office? A: Tao Zou, CEO, stated that the strategy focuses on AI, collaboration, and overseas expansion. The company is developing multi-language versions of its products and plans to complete this by June. They aim to leverage partnerships with other Chinese companies to strengthen their overseas presence. Q: What major optimizations and changes have been implemented in "Metro Brick" since the last testing, and how do you expect its performance post-launch? A: Tao Zou, CEO, mentioned that modifications were made based on player feedback, including bug fixes, design adjustments, and enhancing player experience. The company has internal performance benchmarks but prefers to wait until the official release in July to provide more accurate expectations. Q: How do you foresee JX3's revenue growth and its potential impact on gross and operating margins? A: Tao Zou, CEO, noted that JX3's monthly active users and ARPU remain stable. Despite seasonal fluctuations, the company is confident in maintaining stable operations and performance, acknowledging the inherent uncertainties in the gaming market. Q: Is there an opportunity for Kingsoft to collaborate with Xiaomi in the AI field, and what potential forms could this cooperation take? A: Tao Zou, CEO, confirmed that Kingsoft plans to leverage Xiaomi's AI capabilities as a core part of their strategy. The collaboration will focus on integrating AI into Kingsoft's products and services, aiming to empower enterprises with AI-driven solutions. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
