Business, Security, Software

China's Kingsoft Net Profit Up 26% In 2009

Chinese software and online game provider Kingsoft has published its annual financial report for 2009, stating that its total operating revenue for 2009 increased by 25% year-on-year to CNY1.022 billion, including 67% contributed by the online game business and 32% from software.

Kingsoft said that the operating revenue of its online game sector was CNY684.2 million in 2009, a year-on-year increase of 24%; while the income from the software sector was CNY329.2 million, a year-on-year increase of 26%.

At present, Kingsoft owns dozens of research and development studios for the development of independent products. Meanwhile, it operates over ten massively multiplayer online role-playing games in China and expanded its overseas market to Southeast Asian countries, including Vietnam, Malaysia, Cambodia, and Thailand. The company also set up a wholly-owned subsidiary in Malaysia.

For software, Kingsoft said that the growth of its income was promoted by users' booking of its Internet security products with mobile phones and bank cards. In 2009, Kingsoft's revenue from the Internet security products increased by 29% year-on-year to CNY258.9 million, accounting for 79% of its total software revenue. By December 31, 2009, the average number of daily paid users of Kingsoft Duba, the anti-virus software of the company, had reached 8.74 million.

In August 2009, Kingsoft Duba reportedly passed the tests of AV-Comparatives, the authoritative organization for the independent tests of anti-virus software, making Kingsoft Duba the only Chinese anti-virus software product that passed the tests. In addition, Kingsoft Duba launched a security center in cooperation with Maxthon and MSN while launching new editions.

Commenting on Kingsoft's plans for the future, its chairman and CEO, Qiu Bojun, said that Kingsoft will insist on providing boutique software and online games to users while enhancing its operation. In 2010, Kingsoft will reportedly expand the market of its office software, WPS Office, by providing more value-added services. It will also launch new quality products to promote the rapid growth of twin-engine operations and to build a structure which can cover different user bases with multiple product lines.

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