Kingsoft's revenue in the second quarter of 2023 reached 2.19 billion yuan, a year-on-year increase of 20%, with both office and gaming businesses achieving improvements

Kingsoft Software today released the Q2 financial report as of June 30, 2023 and the financial report for the first half of 2023.

Kingsoft's revenue in the second quarter of 2023 was RMB 2.1935 billion, an increase of 20% from the same period last year and an increase of 11% from the previous quarter. Revenue from office software and services, online games and others accounted for 51% and 49% of total revenue in the second quarter of 2023 respectively. The main performance table attached to this site is as follows:

Revenue from the office software and services business in the second quarter of 2023 was RMB 1.1208 billion , an increase of 21% from the same period last year and an increase of 7% from the previous quarter. The year-on-year increase was mainly due to the sustainable growth of the domestic personal office subscription business and institutional subscription business of Beijing Kingsoft Office Software Co., Ltd. (Kingsoft Office) and its subsidiaries (collectively known as Kingsoft Office Group).

In the second quarter of 2023, revenue from online games and other businesses was RMB 1.0726 billion, an increase of 18% from the same period last year and an increase of 17% from the previous quarter. The increase was mainly due to the significant revenue growth of "Jianxian Wang 3" as it continued to update and optimize the user experience, which was partially offset by the natural decline in revenue of existing mobile games such as "Jianxian Wang 3" and "Jianxian Wang 1: Return".

Gross profit for the second quarter of 2023 was RMB 1.8318 billion, an increase of 25% from the same period last year and an increase of 13% from the previous quarter. The group's gross profit margin was 84%, an increase of four percentage points from the same period last year and an increase of two percentage points from the previous quarter, mainly due to changes in the revenue mix.

The net profit attributable to owners of the parent company in the second quarter of 2023 was RMB 57.2 million, while the net loss in the second quarter of 2022 was RMB 140.2 million. Net profit in the first quarter was RMB 192.3 million.

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