KINGSOFT CORPORATION LIMITED 
By ?For Immediate Release?
KINGSOFT ANNOUNCES 2013 THIRD QUARTER RESULTS * * * WPS Maintains Strong Growth for Favorable National Policy Revenues of All Business Lines Continue to Hit Record High FINANCIAL HIGHLIGHTSRMB'000 (Unaudited) | For the Three Months Ended | ||||
RMB'000 (Unaudited) | 30 September 2013 | 30 September 2012 | YoY Change (%) | 30 June 2013 | QoQ Change (%) |
Revenue | 551,130 | 365,387 | 51% | 496,528 | 11% |
- Online Games | 270,984 | 210,957 | 28% | 270,539 | 0.2% |
- Application Software | 270,395 | 151,771 | 78% | 219,275 | 23% |
- Others | 9,751 | 2,659 | 267% | 6,714 | 45% |
Gross profit | 471,331 | 320,915 | 47% | 430,484 | 9% |
Profit Attributable to Owners of the Parent | 163,276 | 108,082 | 51% | 145,255 | 12% |
Basic EPS (RMB cent) | 14.10 | 9.44 | 49% | 12.60 | 12% |
For the Three Months Ended | |||
30 September 2013 | 30 September 2012 | 30 June 2013 | |
Online Games | |||
Daily Average Peak Concurrent Users | 614,263 | 611,474 | 616,285 |
Monthly Average Paying Accounts | 1,791,194 | 1,524,761 | 2,002,414 |
Monthly Average Revenue per Paying User (RMB) | 48 | 46 | 43 |
(12 November 2013 - Hong Kong) Kingsoft Corporation Limited ("Kingsoft" or the "Company;" SEHK stock code: 03888), a leading Chinese software and Internet service company, announced its unaudited quarterly results for the three months ended 30
September 2013.
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Kingsoft Announces 2013 Third Quarter Results
12 November 2013/ Page 2 of 4
During the period under review, the revenue of Kingsoft increased by 11% quarter-over-quarter and 51% year-over-year to RMB551.1 million. Revenue contributions from online game and application software businesses represented 49% and 49%, respectively, of the total revenue during the third quarter of 2013. Gross profit increased by
9% quarter-over-quarter and 47% year-over-year to RMB471.3 million. Profit attributable to owners of the parent in the third quarter increased 12% quarter-over-quarter and 51% year-over-year to RMB163.3 million.
In the third quarter of 2013, thanks to the growth of JX Online III (???3?) and MAT (??
????), Kingsoft's game portfolio recorded a steady performance against the weak quarter.
Revenue from the online game business increased 28% year-over-year to RMB271.0 million. JX Online III achieved 18% growth quarter-over-quarter to RMB123.7 million as the
release of expansion pack "Chang An in Trouble Times (??????)" in September has
more than offset the adverse impact of summer holiday on other games. In November 2013, another new expansion pack for JX Online III will be launched, targeting to further consolidate population and increase revenue of the game. Moreover, a new 3D MMO game,
Jiutian Myth (??????) will be launched in the fourth quarter.
In addition, research and development on web games and mobile games have also
continued. The Company's initiative in children's game, Young Elf King ?(
??????) had
over 2 million monthly login accounts in September. In order to grow the user base further, the commercialization of the game has been postponed to the end of the fourth quarter. Currently, Kingsoft has 9 mobile games in R&D process, and shall continue to increase the user base of Kingsoft games across devices.
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Kingsoft Announces 2013 Third Quarter Results
12 November 2013/ Page 3 of 4
Kingsoft Internet Security and Kingsoft WPS Office
Revenue from the application software business for the third quarter of 2013 increased 23%
quarter-over-quarter and 78% year-over-year to RMB270.4 million.
Supported by the deepened cooperation with advertisers and the strong growth of Kingsoft Internet Security ("KIS") game platform, the advertising revenue and value-added revenue from KIS increased 25% quarter-over-quarter and 144% year-over-year in the third quarter. The Company continued to invest heavily in KIS mobile services and the monthly active mobile users of KIS family exceeded 123 million in September 2013. Also, the monetization of KIS mobile user traffic has delivered promising results. There are nearly 400 mobile games on KIS mobile game platform currently.
Kingsoft WPS Office achieved significant growth in the third quarter, with revenue rising
37% quarter-over-quarter and 35% year-over-year. Chinese State Council issued a policy on government agencies to use genuine software in August, 2013. This milestone in IPR protection policy shall benefit the business of Kingsoft WPS Office in the long run. In addition, revenue from WPS free user traffic has become a new growth catalyst, while the global monthly active users of WPS mobile office surged to 25 million in September, 2013 from 6 million a year ago.
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Kingsoft Announces 2013 Third Quarter Results
12 November 2013/ Page 4 of 4
About Kingsoft Corporation Limited (Stock Code: 03888)
Kingsoft is a leading Chinese software and Internet service company with its shares listed on the Stock Exchange of Hong Kong Limited. Headquartered in Beijing, Kingsoft has set up R&D centers in Zhuhai, Beijing, Chengdu and Dalian. Since the commercial launch of its first office applications software, WPS 1.0, in 1989 followed by over 20 years of innovative endeavors, Kingsoft has become well recognised as a leading brand in China. Kingsoft has also rejuvenated itself by successfully transforming from "the King of package software" to an Internet technologies and service provider.
Kingsoft's main business encompasses Internet security, office software, entertainment software, cloud computing and on-line translation. The Company utilises the Internet as an effective channel to market and distribute its products, and has built an extensive sales and distribution network. Kingsoft provides a range of products and services across all devices and platforms, such as WPS Office, Kingsoft PowerWord, Kingsoft Internet Security and online games to retail customers, corporate clients and Government bodies in China.
Enhancing the quality of digital lifestyle has been the mission of Kingsoft. Kingsoft will continue developing new products, expanding our products and services to Internet especially mobile Internet and expanding its market share in China, while vigorously penetrating into overseas markets.
For more information, please visit www.kingsoft.com
Kingsoft Corporation Limited | Strategic Financial Relations (China) Limited |
Ms. Ou Lu Tel:(86) 10 62927777 ext.5581 Email: ir@kingsoft.com | Ms. Nan Dong Tel: (852) 2527 1628 Email: sprg-kingsoft@sprg.com.hk |
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