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Company Profile
Chairman Lei Jun
Share Issued (share) 1,373M
Par Currency USD
Par Value 0.0005
Industry Software
Corporate Profile Business Summary:
The Group is principally involved in the following principal activities:
• research and development of games, and provision of online games, mobile games and casual game services;
• provision of cloud storage and cloud computation services; and
• design, research and development and sales and marketing of the office software products and services of WPS Office.

Performance for the year:
Revenue for the year of 2017 increased 35% year-over-year to RMB5,181.3 million. Profit/(loss) attributable to owners of the parent was RMB 3,201.8 million and RMB(270.7) million for the year 2017 and 2016, respectively.

Business Review:
Mr. Jun LEI, Chairman of Kingsoft, commented, “The year 2017 has marked a year of great achievements for Kingsoft. The group’s flagship PC game, JX Online III continued to outperform the market with revenue up 32% year-over-year. Kingsoft Cloud has further advanced its vertical businesses at a strong pace with total revenue increased 81% year-over-year. The MAU of the WPS Office mobile version continued to grow and exceeded 14 5 million in December 2017. All these achievements have given us the strength and confidence to keep advancing in the online games, cloud services, and office software and service businesses in the future.”

Mr. Tao ZOU, Chief Executive Officer of Kingsoft, added, “Kingsoft recorded stable and healthy growth in 2017. The group made a total revenue of RMB 5,181.3 million, up 35% against the previous year. The group’s operating profit before share-based compensation costs increased 7% year-over-year to RMB 1,049.1 million . The fast development of all business segments in 2017 has set the stage for Kingsoft to grow its revenue notably and better capture the market potential in the coming years.

In 2017, both Kingsoft’s PC games and mobile games delivered strong performance. The flagship PC game JX Online III has maintained rapid growth for eight consecutive years, with revenue increased 32% year-over-year in 2017. Such outstanding performance ensured the successful launch of the JX Online III revamped version, laying a solid ground for the long-term development of the game. The quality upgrade and the brand new game features of the JX Online III revamped version have attracted great attention. Within 24 hours of its launch on 29 December, the total number of users increased 43%. The steady performance of JX Online I mobile game in 2017 created conditions for the enhancement and development of other upcoming JX mobile game products, helping maximize the IP value of JX Online. Together with Tencent, Kingsoft is going to launch three major JX series mobile games in 2018, including YSYY ( 雲裳羽衣 ), JX Online II mobile and JX Online III mobile games. In the fourth quarter of 2017, Kingsoft achieved a breakthrough in licensed mobile games. From the cooperation with NetDragon, the mobile game Eudemons Online was launched on all platforms on 18 October, and the gross billing exceeded RMB100 million within 19 days of launch. This well-known game IP once again gains widespread acclaim among mobile games players.

Kingsoft Cloud maintained robust growth in 2017, with revenue increased 81% year-over-year. Kingsoft Cloud’s performance has been highly acknowledged by the capital market. By March 2018 , Kingsoft Cloud is expected to complete series D financing, which amounted to a total of US $720 million, with post money valuation reaching US $2.37 billion. According to International Data Corporation’s China Semi-annual Public Cloud Services Tracker Report 1H2017 published in November 2017, Kingsoft Cloud was ranked top 3 in the IaaS public cloud service providers in China. Kingsoft Cloud’s video cloud business achieved remarkable expansion by applying its video cloud technology and service advantages. Game cloud business reported solid growth in both customer usage and revenue with quantum leaps in multiple fields including CDN, hybrid cloud and network security. Government cloud and healthcare cloud businesses have progressed smoothly with their national footprints expanded during the year. Kingsoft Cloud also expanded artificial intelligence (“AI”) technology application in its product services and launched new video technologies, rendering video service quality improvement and cost saving for customers. In addition, Kingsoft Cloud was the first to obtain authentication of CSA-STAR Tech for both IaaS and PaaS in security enhancement, exemplifying Kingsoft Cloud’s leading position in cloud security construction.

WPS Office achieved stable and healthy development in 2017, and both online marketing and licensing businesses saw steady increases in revenue. Noteworthy here, Kingsoft launched “Light Office” for individual users, improving the office experience for them in all dimensions. In December 2017, the MAU of WPS Office mobile version exceeded 145 million while the MAU of WPS Office PC version also hit a new record, with the national MAU rose to above 100 million. In addition, through offering exclusive and high-quality contents, the number of premium members at the end of December nearly quadrupled comparing with that at the beginning of 2017. WPS deeply rooted in office software industry and continued to optimize and develop new features aiming to provide users with better customized office experience. Thus, WPS was awarded the 2017 Xiaomi Emmy Award for the Most Scalable APP and the 2017 Next World Award for the Most Popular Office Management APP for the Year in the fourth quarter. In May 2017, Beijing Kingsoft Office Software, Inc. has officially filed an application to the China Securities Regulatory Commission for an initial public offering (IPO) and listing on the ChiNext Board of the Shenzhen Stock Exchange, and the application process has been well on track.”

Prospects:
Mr. Jun LEI concluded, “The strong performance of all business segments in 2017 has boosted the group’s confidence in the prospects for business development and revenue growth in the coming year. Looking ahead, the group will continue to maximize the brand value of JX Online and focus on the upcoming launches of the group’s major mobile game titles including YSYY, JX Online II mobile and JX Online III mobile games. Kingsoft Cloud will devote greater efforts into developing the AI field, consolidate the group’s leading position in the Internet area and further penetrate into more vertical industries and actively expand into overseas markets. The group will continue to enhance WPS technology and product innovation incorporating AI features and cloud computing functions in order to provide better and more productive solutions for its users. Meanwhile, the group will also set the group’s eyes on global presence seeking to broaden the group’s international reach by capitalizing on WPS’ competitive edge in the mobile arena. The group believe that the group will maintain strong growth momentum and achieve more breakthroughs in 2018, and the group will mark Kingsoft’s 30th anniversary with a triumphant performance.”
Information from the financial statements of listed companies
Last Update: 2018/12/05
 
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