Computing, Security, Software

Kingsoft Operating Revenue Up 69% While Profit Slides

Chinese software provider Kingsoft published its unaudited performance for 2015, stating that its operating revenue reached CNY5.676 billion, a year-on-year increase of 69%; and its net profit was CNY369 million, a year-on-year decrease of 52%.

During 2015, the company stated 24% of revenue was from online games, 63% was from Cheetah Mobile, and 13% was from office software and other businesses. At the same time, the company's gross profit increased by 58% year-on-year to CNY4.356 billion.

Kingsoft's online game business achieved revenue of CNY1.369 billion in 2015, representing a year-on-year increase of 9%; Cheetah Mobile achieved revenue of CNY3.562 billion, a year-on-year increase of 113%; and its revenue from office software and other businesses was CNY745.6 million, a year-on-year increase of 76%.

At the same time, the report also revealed Kingsoft's performance for the fourth quarter of 2015. During the fourth quarter of 2015, Kingsoft's online game business revenue increased by 20% year-on-year to CNY415 million; Cheetah Mobile's revenue increased by 89% year-on-year to CNY1.1 billion; and its software and other businesses revenue increased by 83% year-on-year to CNY263.1 million. Kingsoft's combined operating revenue for the fourth quarter of 2015 reached CNY1.778 billion, a year-on-year increase of 66% and an increase of 18% compared with the previous quarter.

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