HK Stock Market Move | KINGSOFT(03888) rose by more than 6%, with third quarter net profit soaring by 13.51 times year-on-year to 413 million yuan.

KINGSOFT (03888) rose by more than 6%, as of the time of writing, it increased by 6.16% to HK$31, with a turnover of HK$56,591.8 million. In terms of news, KINGSOFT announced its performance for the third quarter of 2024, with revenue of approximately HK$2.915 billion, a year-on-year increase of 42% and a quarter-on-quarter increase of 18%; operating profit of approximately HK$1.144 billion, a year-on-year increase of 204% and a quarter-on-quarter increase of 44%; and a net profit attributable to the parent company of approximately HK$413 million, a year-on-year increase of 13.51 times and a quarter-on-quarter increase of 5%. Basic earnings per share were HK$0.31. Among them, revenue from office software and services business was approximately HK$1.207 billion, an increase of 10% year-on-year. Revenue from network games and other businesses was HK$1.708 billion, an increase of 78% year-on-year and 33% quarter-on-quarter. This was mainly attributed to the outstanding performance of "JX3" and the successful launch of "JX3 Unbounded," which boosted game popularity; as well as the active operation and experience optimization of other games.