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Kingsoft Announces 2022 First Quarter Results

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Tuesday, May 24, 2022

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HONG KONG, May 24, 2022 - (ACN Newswire) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its unaudited quarterly results for the three months ended 31 March 2022 ("period under review").

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HONG KONG, May 24, 2022 - (ACN Newswire) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its unaudited quarterly results for the three months ended 31 March 2022 ("period under review").
For the first quarter of 2022, revenue from the office software and services business increased 13% year-on-year to RMB871.1 million.
Revenue from the online games and others business for the first quarter of 2022 increased 25% year-on-year and 7% quarter-on-quarter to RMB981.9 million.
Mr. Jun LEI concluded, "The results we achieved in the first quarter lays a solid foundation for the year of 2022.

First Details of Jet ConneX Evolution Programme for Business Aviation Unveiled by Inmarsat

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Tuesday, May 24, 2022

Inmarsat today unveiled initial details of a major upgrade programme that will increase the inflight broadband speeds offered by its Jet ConneX (JX) business aviation solution.

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Inmarsat today unveiled initial details of a major upgrade programme that will increase the inflight broadband speeds offered by its Jet ConneX (JX) business aviation solution.
Information about the ground-breaking programme, titled JX Evolution, were announced for the first time at the European Business Aviation Convention & Exhibition (EBACE) in Switzerland.
Initial testing for the upcoming programme has already demonstrated speeds in excess of 130 megabits per second (Mbps) using Inmarsats existing satellites.
JX is the preferred linefit option of all major business jet manufacturers, including Gulfstream, Bombardier and Dassault.

Inmarsat, Honeywell Launch World’s Fastest L-band Inflight Connectivity Service for Business Aviation

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Monday, May 23, 2022

Inmarsat and Honeywell are setting a new benchmark in satellite communications with the launch of SwiftJet , their latest inflight connectivity service for the business aviation industry.

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Inmarsat and Honeywell are setting a new benchmark in satellite communications with the launch of SwiftJet , their latest inflight connectivity service for the business aviation industry.
It will enter commercial service in the first half of 2023 and deliver the fastest ever speeds over L-band.
As the latest addition to Inmarsats market-leading portfolio of business aviation inflight connectivity services, SwiftJet will be available alongside Jet ConneX (JX) and SwiftBroadband (SBB), which have been activated on thousands of jets worldwide.
It comes at a time when business aviation travel is not only returning to pre-pandemic levels, but also experiencing unprecedented demand for inflight connectivity.

Kingsoft Announces 2021 Annual and Fourth Quarter Results

Retrieved on:

Wednesday, March 23, 2022

HONG KONG, Mar 23, 2022 - (ACN Newswire) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its 2021 annual results and fourth quarter results for the period ended 31 December 2021.

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HONG KONG, Mar 23, 2022 - (ACN Newswire) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its 2021 annual results and fourth quarter results for the period ended 31 December 2021.
For the fourth quarter of 2021, the Company's revenue increased 13% year-on-year and 21% quarter-on-quarter to RMB1,822.1 million.
Revenue from the office software and services and online games and others represented 50% and 50%, respectively, of the Company's total revenue for the fourth quarter of 2021.
Gross profit for the fourth quarter of 2021 increased 8% year-on-year and 17% quarter-on-quarter to RMB1,449.6 million, while operating profit amounted to RMB331.4 million.

INMARSAT AND ORBIT EXPAND PARTNERSHIP WITH NEW JET CONNEX COMPATIBLE INFLIGHT BROADBAND TERMINAL FOR BUSINESS AVIATION

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Tuesday, March 22, 2022

Kai Tang, Inmarsat's Head of Business Aviation, said: "Inmarsat has a successful track record of working with Orbit in the government market.

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Kai Tang, Inmarsat's Head of Business Aviation, said: "Inmarsat has a successful track record of working with Orbit in the government market.
We are delighted to build on this strong foundation and expand our partnership into business aviation.
Inmarsat's Jet ConneX is already established as the gold standard of inflight broadband in business aviation, with more than 1,100 customers across the world.
You'll find Orbit systems on airliners and jet fighters, cruise ships and navy vessels, ground stations and offshore platforms.

Flower Crown (China) Holding Group Co., Limited Closed a Global Shopping E-Commerce Open Platform Store Services Agreement

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Monday, January 3, 2022

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("Flower Crown"), a subsidiary of the Company engaging in cross-bordered merchandise,closed a Global Shopping E-Commerce Open Platform Store Service Agreement (the "Agreement") with Global Premium Buy (Macau) Limited ("GPBL").

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("Flower Crown"), a subsidiary of the Company engaging in cross-bordered merchandise,closed a Global Shopping E-Commerce Open Platform Store Service Agreement (the "Agreement") with Global Premium Buy (Macau) Limited ("GPBL").
Ms.Sun "Ice" Lei, Chief Executive Officer of the Company commented:"We are excited about this opportunity to work with GPBL.
This press release may contain certain "forward-looking statements" relating to the business of KBS Fashion Group Limited, and its subsidiary companies.
Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Kingsoft Announces 2021 Third Quarter Results

Retrieved on:

Tuesday, November 16, 2021

HONG KONG, Nov 16, 2021 - (ACN Newswire) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its unaudited quarterly results for the three months ended 30 September 2021 ("period under review").

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HONG KONG, Nov 16, 2021 - (ACN Newswire) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its unaudited quarterly results for the three months ended 30 September 2021 ("period under review").
Revenue from the office software and services business for the third quarter of 2021 increased 37% year-on-year to RMB803.7 million.
Gross profit for the third quarter of 2021 increased 7% year-on-year to RMB1,241.0 million.
Mr. Jun LEI, Chairman of Kingsoft, commented, "Our overall business grew steadily during the quarter.

Carbon Capture Pioneers JX Nippon and 8 Rivers Capital Ally To Accelerate Decarbonization of Hydrogen and Power

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Tuesday, November 9, 2021

Cam Hosie, CEO of 8 Rivers: "Collaboration with JX is a major force multiplier for decarbonization.

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Cam Hosie, CEO of 8 Rivers: "Collaboration with JX is a major force multiplier for decarbonization.
About 8 Rivers Capital LLC 8 Rivers Capital, LLC is a Durham, NC-based firm leading the invention and commercialization of sustainable, infrastructure-scale technologies for the global energy transition.
8 Rivers Capital is the inventor of the Allam-Fetvedt Cycle, a paradigm-changing net zero power solution.
8 Rivers is also focusing on developing and deploying technologies for clean hydrogen and ammonia (8RH2), direct air capture, retrofit carbon capture, sour gas sweetening, and other advanced energy systems.

Kingsoft Announces 2021 Interim and Second Quarter Results

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Tuesday, August 24, 2021

Kingsoft Office Group to Pursue "Multi-screen, Cloud, Content, AI and Collaboration" Strategy

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Kingsoft Office Group to Pursue "Multi-screen, Cloud, Content, AI and Collaboration" Strategy
HONG KONG, Aug 24, 2021 - (ACN Newswire) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its unaudited 2021 interim results and its second quarter results for the period ended 30 June 2021.
For the second quarter of 2021, the Company's revenue increased 4% year-on-year to RMB1,479.5 million.
Revenue from office software and services and online games and others represented 53% and 47%, respectively, of the Company's total revenue for the second quarter of 2021.
Gross profit for the second quarter of 2021 remained flat year-on-year and amounted to RMB1,207.9 million, while operating profit amounted to RMB229.8 million.