KINGSOFT CORPORATION LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
Kingsoft Corporation Limited
金 山 軟 件 有 限 公 司
(Continued into the Cayman Islands with limited liability)
(Stock Code: 03888)
(Convertible Bonds Code: 40210)
ANNOUNCEMENT OF THE RESULTS
FOR THE THREE AND SIX MONTHS ENDED 30 JUNE 2021
The board ("Board") of directors (the "Directors") of Kingsoft Corporation Limited (the "Company") announces the unaudited results of the Company and its subsidiaries (the "Group" or "Kingsoft") for the three and six months ended 30 June 2021. These interim results have been reviewed by the audit committee of the Company (the "Audit Committee").
1
FINANCIAL INFORMATION
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS
For the three and six months ended 30 June 2021
For the three months | For the six months | ||||||||||||
ended 30 June | ended 30 June | ||||||||||||
2021 | 2020 | 2021 | 2020 | ||||||||||
RMB'000 | RMB'000 | RMB'000 | RMB'000 | ||||||||||
Notes | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | |||||||||
CONTINUING OPERATIONS | |||||||||||||
Revenue | 693,308 | 1,481,923 | |||||||||||
Online games and others | 884,007 | 1,677,743 | |||||||||||
Office software and services | 786,218 | 536,111 | 1,557,210 | 913,700 | |||||||||
1,479,526 | 1,420,118 | 3,039,133 | 2,591,443 | ||||||||||
Cost of revenue | (271,659) | (217,922) | (515,401) | (419,099) | |||||||||
Gross profit | 1,207,867 | 1,202,196 | 2,523,732 | 2,172,344 | |||||||||
Research and development costs | (531,911) | (390,265) | (1,022,913) | (745,289) | |||||||||
Selling and distribution expenses | (310,073) | (192,909) | (514,600) | (339,654) | |||||||||
Administrative expenses | (133,330) | (101,418) | (280,948) | (194,671) | |||||||||
Share-based compensation costs | (40,664) | (36,559) | (72,394) | (67,479) | |||||||||
Other income | 65,856 | 65,979 | 156,582 | 112,860 | |||||||||
Other expenses | (27,921) | 1,705 | (47,574) | (4,223) | |||||||||
Operating profit | 229,824 | 548,729 | 741,885 | 933,888 | |||||||||
Other gains/(losses), net | 47,793 | (104,743) | 80,785 | (101,425) | |||||||||
Finance income | 102,719 | 110,400 | 192,749 | 208,089 | |||||||||
Finance costs | (36,013) | (28,387) | (71,171) | (34,129) | |||||||||
Share of profits and losses of: | (6,737) | (15,837) | |||||||||||
Joint ventures | 3,764 | 11,121 | |||||||||||
Associates | (210,777) | (172,697) | (435,697) | (236,706) | |||||||||
Profit before tax from continuing | |||||||||||||
operations | 4 | 126,809 | 357,066 | 492,714 | 780,838 | ||||||||
Income tax credit/(expense) | 5 | 25,971 | (83,121) | (40,160) | (147,176) | ||||||||
Profit for the period from | |||||||||||||
continuing operations | 152,780 | 273,945 | 452,554 | 633,662 | |||||||||
DISCONTINUED OPERATION | |||||||||||||
Profit for the period from | - | - | |||||||||||
a discontinued operation | 8,927,436 | 8,446,504 | |||||||||||
Profit for the period | 152,780 | 9,201,381 | 452,554 | 9,080,166 | |||||||||
Attributable to: | |||||||||||||
48,664 | 165,236 | ||||||||||||
Owners of the parent | 9,151,331 | 9,157,588 | |||||||||||
Non-controlling interests | 104,116 | 50,050 | 287,318 | (77,422) | |||||||||
152,780 | 9,201,381 | 452,554 | 9,080,166 | ||||||||||
2
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS (CONTINUED)
For the three and six months ended 30 June 2021
For the three months | For the six months | ||||||||
ended 30 June | ended 30 June | ||||||||
2021 | 2020 | 2021 | 2020 | ||||||
RMB | RMB | RMB | RMB | ||||||
Notes | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | |||||
Earnings per share | |||||||||
attributable to ordinary | |||||||||
equity holders of the parent | 7 | ||||||||
Basic | |||||||||
- For profit for the period | 0.04 | 6.69 | 0.12 | 6.70 | |||||
- For profit from | |||||||||
continuing operations | 0.04 | 0.10 | 0.12 | 0.29 | |||||
Diluted | |||||||||
- For profit for the period | 0.03 | 6.67 | 0.12 | 6.67 | |||||
- For profit from | |||||||||
continuing operations | 0.03 | 0.10 | 0.12 | 0.28 | |||||
3
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
For the three and six months ended 30 June 2021
For the three months | For the six months | |||
ended 30 June | ended 30 June | |||
2021 | 2020 | 2021 | 2020 | |
RMB'000 | RMB'000 | RMB'000 | RMB'000 | |
(Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | |
PROFIT FOR THE PERIOD | 152,780 | 9,201,381 | 452,554 | 9,080,166 |
OTHER COMPREHENSIVE INCOME/(LOSS)
Other comprehensive income/(loss) that
- may be reclassified to profit or loss in
- subsequent periods:
Exchange differences: | ||||||||||
Exchange differences on translation | 64,482 | 36,007 | ||||||||
into presentation currency | (14,022) | (83,082) | ||||||||
Reclassification adjustments for deemed | - | - | ||||||||
disposal of a subsidiary | 64,475 | 64,475 | ||||||||
Reclassification adjustments for deemed | 501 | 1,188 | ||||||||
disposal of associates | - | - | ||||||||
Share of other comprehensive | (87,692) | (45,203) | ||||||||
income/(loss) of associates | 2,084 | 26,987 | ||||||||
Net other comprehensive income/(loss) | ||||||||||
that may be reclassified to profit or | ||||||||||
loss in subsequent periods | (22,709) | 52,537 | (8,008) | 8,380 | ||||||
Other comprehensive income/(loss) that
- will not be reclassified to profit or
- loss in subsequent periods: Exchange differences:
- Exchange differences on translation into
presentation currency | (87,346) | (3,533) | (63,492) | 76,449 | |||||
Equity investments designated at fair value | |||||||||
through other comprehensive income: | - | - | |||||||
Changes in fair value, net of tax | 457,340 | 816,507 | |||||||
Share of other comprehensive income | 3,233 | 24,290 | |||||||
of associates | 17,738 | 11,731 | |||||||
Net other comprehensive income/(loss) | |||||||||
that will not be reclassified to profit | |||||||||
or loss in subsequent periods | (84,113) | 471,545 | (39,202) | 904,687 | |||||
OTHER COMPREHENSIVE | |||||||||
INCOME/(LOSS) FOR THE | |||||||||
PERIOD, NET OF TAX | (106,822) | 524,082 | (47,210) | 913,067 | |||||
TOTAL COMPREHENSIVE INCOME | |||||||||
FOR THE PERIOD | 45,958 | 9,725,463 | 405,344 | 9,993,233 | |||||
Attributable to: | |||||||||
(54,311) | 121,250 | ||||||||
Owners of the parent | 9,669,404 | 10,086,254 | |||||||
Non-controlling interests | 100,269 | 56,059 | 284,094 | (93,021) | |||||
45,958 | 9,725,463 | 405,344 | 9,993,233 | ||||||
4
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at 30 June 2021
As at | As at | |||
30 June | 31 December | |||
2021 | 2020 | |||
RMB'000 | RMB'000 | |||
Notes | (Unaudited) | (Audited) | ||
NON-CURRENT ASSETS | ||||
Property, plant and equipment | 1,220,587 | 1,184,902 | ||
Investment properties | 63,236 | 64,003 | ||
Right-of-use assets | 462,823 | 504,971 | ||
Goodwill | 185,564 | 185,564 | ||
Other intangible assets | 64,487 | 67,175 | ||
Investments in joint ventures | 165,278 | 180,920 | ||
Investments in associates | 12,288,932 | 12,752,057 | ||
Equity investment designated at fair value | ||||
through other comprehensive income | 10,725 | 10,725 | ||
Financial assets at fair value through profit or loss | 216,573 | 198,953 | ||
Deferred tax assets | 99,174 | 116,981 | ||
Other non-current assets | 51,025 | 46,301 | ||
Total non-current assets | 14,828,404 | 15,312,552 | ||
CURRENT ASSETS | ||||
Inventories | 18,901 | 19,085 | ||
Trade receivables | 8 | 732,528 | 772,485 | |
Prepayments, other receivables and other assets | 1,018,748 | 967,372 | ||
Financial assets at fair value through profit or loss | 3,224,393 | 3,910,553 | ||
Restricted cash | 3,403 | 13,079 | ||
Cash and bank deposits | 15,247,156 | 14,049,069 | ||
Total current assets | 20,245,129 | 19,731,643 | ||
CURRENT LIABILITIES | ||||
Trade payables | 9 | 313,419 | 290,855 | |
Other payables and accruals | 1,334,331 | 1,328,005 | ||
Lease liabilities | 41,762 | 52,758 | ||
Deferred revenue | 1,461,648 | 1,306,207 | ||
Income tax payable | 149,921 | 265,823 | ||
Total current liabilities | 3,301,081 | 3,243,648 | ||
NET CURRENT ASSETS | 16,944,048 | 16,487,995 | ||
TOTAL ASSETS LESS CURRENT LIABILITIES | 31,772,452 | 31,800,547 | ||
5
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Kingsoft Corporation Limited published this content on 24 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 September 2021 16:21:05 UTC.
