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    3888   KYG5264Y1089

KINGSOFT CORPORATION LIMITED

(3888)
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Kingsoft : Announcement of the Results For the Three Months Ended 30 September 2021

11/16/2021 | 04:46am EST

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 MONTHS ENDED 30 SEPTEMBER 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 months ended 30 September 2021.

FINANCIAL HIGHLIGHTS

For the three months ended

Year-on-

Quarter-on-

30 September

30 September

30 June

year

quarter

2021

2020

2021

Change

Change

RMB'000

RMB'000

RMB'000

%

%

(Unaudited)

(Unaudited)

(Unaudited)

Revenue

1,510,163

1,397,290

1,479,526

8

2

Operating profit

287,299

361,479

229,824

(21)

25

Profit attributable to owners

of the parent*

565,198

666,893

48,664

(15)

1,061

RMB

RMB

RMB

(Unaudited)

(Unaudited)

(Unaudited)

Basic earnings per share

0.41

0.49

0.04

(16)

925

Diluted earnings per share

0.41

0.48

0.03

(15)

1,267

*

Profit attributable to owners of the parent before the effect of share-based compensation costs is RMB611.2 million,

RMB686.7 million and RMB71.8 million for the three months ended 30 September 2021, 30 September 2020 and 30 June

2021, respectively.

1

OPERATIONAL HIGHLIGHTS

Year-on-

Quarter-on-

In September

In September

In June

year

quarter

2021

2020

2021

Change

Change

%

%

Office Software

Monthly Active Devices

  of the key products* (Million)

521

457

501

14

4

Year-on-

As at

As at

year

30 September 30 September

Change

2021

2020

%

Total number of documents uploaded

  in the cloud platform** (Billion)

118.9

79.2

50

  • Monthly Active Devices of the key products are defined as the aggregate Monthly Active Devices of both WPS Office and Kingsoft Powerword across all platforms, excluding WPS Docs and other products.
  • Total number of documents uploaded in the cloud platform does not include the repetitive editing process and historical versions.

2

The unaudited condensed consolidated statement of profit or loss, comprehensive income, financial position and cash flows of the Group are listed below:

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS

For the three months ended

30 September

30 September

30 June

2021

2020

2021

RMB'000

RMB'000

RMB'000

(Unaudited)

(Unaudited)

(Unaudited)

Revenue

706,480

  Online games and others

810,286

693,308

  Office software and services

803,683

587,004

786,218

1,510,163

1,397,290

1,479,526

Cost of revenue

(269,192)

(239,539)

(271,659)

Gross profit

1,240,971

1,157,751

1,207,867

Research and development costs

(620,838)

(484,011)

(531,911)

Selling and distribution expenses

(242,577)

(221,320)

(310,073)

Administrative expenses

(133,607)

(117,473)

(133,330)

Share-based compensation costs

(73,663)

(31,143)

(40,664)

Other income

126,222

60,807

65,856

Other expenses

(9,209)

(3,132)

(27,921)

Operating profit

287,299

361,479

229,824

Other gains, net

733,941

367,600

47,793

Finance income

108,633

117,155

102,719

Finance costs

(36,073)

(37,401)

(36,013)

Share of profits and losses of:

(6,329)

Joint ventures

1,959

(6,737)

Associates

(286,079)

12,334

(210,777)

Profit before tax

801,392

823,126

126,809

Income tax credit/(expense)

(97,440)

(9,762)

25,971

Profit for the period

703,952

813,364

152,780

Attributable to:

565,198

  Owners of the parent

666,893

48,664

Non-controlling interests

138,754

146,471

104,116

703,952

813,364

152,780

RMB

RMB

RMB

(Unaudited)

(Unaudited)

(Unaudited)

Earnings per share attributable to ordinary

  equity holders of the parent

0.41

Basic

0.49

0.04

Diluted

0.41

0.48

0.03

3

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

For the three months ended

30 September 30 September 30 June

2021 2020 2021

RMB'000 RMB'000 RMB'000 (Unaudited) (Unaudited) (Unaudited)

PROFIT FOR THE PERIOD

703,952

813,364

152,780

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

into presentation currency

(2,986)

127,006

64,482

  Reclassification adjustments for deemed

19,336

disposal of associates

4,620

501

Share of other comprehensive income/(loss)

22,340

of associates

(171,567)

(87,692)

Net other comprehensive income/(loss) that may be

  reclassified to profit or loss in subsequent periods

38,690

(39,941)

(22,709)

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

5,392

(230,172)

(87,346)

Equity investments designated at fair value

  through other comprehensive income:

-

  Changes in fair value, net of tax

(24,626)

-

Share of other comprehensive income/(loss)

-

  of an associate

(2,366)

3,233

Net other comprehensive income/(loss) that will not

  be reclassified to profit or loss in subsequent periods

5,392

(257,164)

(84,113)

OTHER COMPREHENSIVE INCOME/(LOSS)

  FOR THE PERIOD, NET OF TAX

44,082

(297,105)

(106,822)

TOTAL COMPREHENSIVE INCOME

  FOR THE PERIOD

748,034

516,259

45,958

Attributable to:

608,987

  Owners of the parent

376,419

(54,311)

Non-controlling interests

139,047

139,840

100,269

748,034

516,259

45,958

4

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at

As at

30 September

31 December

2021

2020

RMB'000

RMB'000

(Unaudited)

(Audited)

NON-CURRENT ASSETS

Property, plant and equipment

1,296,458

1,184,902

Investment properties

62,853

64,003

Right-of-use assets

492,254

504,971

Goodwill

185,564

185,564

Other intangible assets

117,905

67,175

Investments in joint ventures

161,668

180,920

Investments in associates

12,712,718

12,752,057

Equity investments designated at fair value

  through other comprehensive income

10,725

10,725

Financial assets at fair value through profit or loss

222,806

198,953

Deferred tax assets

114,063

116,981

Other non-current assets

21,139

46,301

Total non-current assets

15,398,153

15,312,552

CURRENT ASSETS

Inventories

19,346

19,085

Trade receivables

752,220

772,485

Prepayments, other receivables and other assets

1,115,180

967,372

Financial assets at fair value through profit or loss

2,190,391

3,910,553

Restricted cash

310

13,079

Cash and bank deposits

16,612,173

14,049,069

Total current assets

20,689,620

19,731,643

CURRENT LIABILITIES

Trade payables

340,102

290,855

Other payables and accruals

1,308,746

1,328,005

Lease liabilities

48,310

52,758

Deferred revenue

1,598,141

1,306,207

Income tax payable

163,209

265,823

Total current liabilities

3,458,508

3,243,648

NET CURRENT ASSETS

17,231,112

16,487,995

TOTAL ASSETS LESS CURRENT LIABILITIES

32,629,265

31,800,547

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Kingsoft Corporation Limited published this content on 16 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2021 09:45:03 UTC.


© Publicnow 2021
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