Kingsoft Reported Operating Revenue Of CNY1.397 Billion In Q3 2020

Kingsoft recently released its financial report for the third quarter of 2020, stating that its operating revenue was CNY1.397 billion during the reporting period, a year-on-year increase of 34%; and its net profit was CNY667 million, a year-on-year increase of 1749%.

In terms of revenue structure, Kingsoft’s online game business contributed CNY788 million, an increase of 19% over the same period of last year and a decrease of 9% compared with that of the previous quarter.

Meanwhile, its revenue from office software and services and other businesses was CNY609 million, a year-on-year increase of 59% and an increase of 11% over the previous quarter.

By September 2020, Kingsoft’s office software had 457 million active users, a year-on-year increase of 20%. Its office software includes WPS Office and Kingsoft Ciba.

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