Kingsoft Announces 2022 Annual and Fourth Quarter Results
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Tuesday, March 21, 2023
HONG KONG, Mar 22, 2023 - (ACN Newswire) - On 21 March 2023, Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its 2022 annual results and fourth quarter results for the period ended 31 December 2022.
Key Points:
- HONG KONG, Mar 22, 2023 - (ACN Newswire) - On 21 March 2023, Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its 2022 annual results and fourth quarter results for the period ended 31 December 2022.
- For the fourth quarter of 2022, the Company's revenue increased 16% year-on-year and 15% quarter-on-quarter to RMB2,112.4 million.
- Revenue from the office software and services and online games and others represented 52% and 48%, respectively, of the Company's total revenue for the fourth quarter of 2022.
- Gross profit for the fourth quarter of 2022 increased 20% year-on-year and 19% quarter-on-quarter to RMB1,740.8 million, while operating profit amounted to RMB618.7 million.