KINGSOFT CORPORATION LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
Kingsoft Corporation Limited
金 山 軟 件 有 限 公 司
(Continued into the Cayman Islands with limited liability)
(Stock Code: 03888)
(Convertible Bonds Code: 40210)
ANNOUNCEMENT OF THE RESULTS
FOR THE THREE MONTHS ENDED 30 SEPTEMBER 2021
The board ("Board") of directors (the "Directors") of Kingsoft Corporation Limited (the "Company") announces the unaudited results of the Company and its subsidiaries (the "Group" or "Kingsoft") for the three months ended 30 September 2021.
FINANCIAL HIGHLIGHTS
For the three months ended | Year-on- | Quarter-on- | ||||
30 September | 30 September | 30 June | year | quarter | ||
2021 | 2020 | 2021 | Change | Change | ||
RMB'000 | RMB'000 | RMB'000 | % | % | ||
(Unaudited) | (Unaudited) | (Unaudited) | ||||
Revenue | 1,510,163 | 1,397,290 | 1,479,526 | 8 | 2 | |
Operating profit | 287,299 | 361,479 | 229,824 | (21) | 25 | |
Profit attributable to owners | ||||||
of the parent* | 565,198 | 666,893 | 48,664 | (15) | 1,061 | |
RMB | RMB | RMB | ||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||
Basic earnings per share | 0.41 | 0.49 | 0.04 | (16) | 925 | |
Diluted earnings per share | 0.41 | 0.48 | 0.03 | (15) | 1,267 | |
* | Profit attributable to owners of the parent before the effect of share-based compensation costs is RMB611.2 million, | |||||
RMB686.7 million and RMB71.8 million for the three months ended 30 September 2021, 30 September 2020 and 30 June | ||||||
2021, respectively. |
1
OPERATIONAL HIGHLIGHTS
Year-on- | Quarter-on- | ||||||||||||
In September | In September | In June | year | quarter | |||||||||
2021 | 2020 | 2021 | Change | Change | |||||||||
% | % | ||||||||||||
Office Software | |||||||||||||
Monthly Active Devices | |||||||||||||
of the key products* (Million) | 521 | 457 | 501 | 14 | 4 | ||||||||
Year-on- | |||||||||||||
As at | As at | year | |||||||||||
30 September 30 September | Change | ||||||||||||
2021 | 2020 | % | |||||||||||
Total number of documents uploaded | |||||||||||||
in the cloud platform** (Billion) | 118.9 | 79.2 | 50 | ||||||||||
- Monthly Active Devices of the key products are defined as the aggregate Monthly Active Devices of both WPS Office and Kingsoft Powerword across all platforms, excluding WPS Docs and other products.
- Total number of documents uploaded in the cloud platform does not include the repetitive editing process and historical versions.
2
The unaudited condensed consolidated statement of profit or loss, comprehensive income, financial position and cash flows of the Group are listed below:
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS
For the three months ended | |||||||||||
30 September | 30 September | 30 June | |||||||||
2021 | 2020 | 2021 | |||||||||
RMB'000 | RMB'000 | RMB'000 | |||||||||
(Unaudited) | (Unaudited) | (Unaudited) | |||||||||
Revenue | 706,480 | ||||||||||
Online games and others | 810,286 | 693,308 | |||||||||
Office software and services | 803,683 | 587,004 | 786,218 | ||||||||
1,510,163 | 1,397,290 | 1,479,526 | |||||||||
Cost of revenue | (269,192) | (239,539) | (271,659) | ||||||||
Gross profit | 1,240,971 | 1,157,751 | 1,207,867 | ||||||||
Research and development costs | (620,838) | (484,011) | (531,911) | ||||||||
Selling and distribution expenses | (242,577) | (221,320) | (310,073) | ||||||||
Administrative expenses | (133,607) | (117,473) | (133,330) | ||||||||
Share-based compensation costs | (73,663) | (31,143) | (40,664) | ||||||||
Other income | 126,222 | 60,807 | 65,856 | ||||||||
Other expenses | (9,209) | (3,132) | (27,921) | ||||||||
Operating profit | 287,299 | 361,479 | 229,824 | ||||||||
Other gains, net | 733,941 | 367,600 | 47,793 | ||||||||
Finance income | 108,633 | 117,155 | 102,719 | ||||||||
Finance costs | (36,073) | (37,401) | (36,013) | ||||||||
Share of profits and losses of: | (6,329) | ||||||||||
Joint ventures | 1,959 | (6,737) | |||||||||
Associates | (286,079) | 12,334 | (210,777) | ||||||||
Profit before tax | 801,392 | 823,126 | 126,809 | ||||||||
Income tax credit/(expense) | (97,440) | (9,762) | 25,971 | ||||||||
Profit for the period | 703,952 | 813,364 | 152,780 | ||||||||
Attributable to: | |||||||||||
565,198 | |||||||||||
Owners of the parent | 666,893 | 48,664 | |||||||||
Non-controlling interests | 138,754 | 146,471 | 104,116 | ||||||||
703,952 | 813,364 | 152,780 | |||||||||
RMB | RMB | RMB | |||||||||
(Unaudited) | (Unaudited) | (Unaudited) | |||||||||
Earnings per share attributable to ordinary | |||||||||||
equity holders of the parent | 0.41 | ||||||||||
Basic | 0.49 | 0.04 | |||||||||
Diluted | 0.41 | 0.48 | 0.03 | ||||||||
3
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
For the three months ended
30 September 30 September 30 June
2021 2020 2021
RMB'000 RMB'000 RMB'000 (Unaudited) (Unaudited) (Unaudited)
PROFIT FOR THE PERIOD | 703,952 | 813,364 | 152,780 |
OTHER COMPREHENSIVE INCOME/(LOSS)
Other comprehensive income/(loss) that may be
- reclassified to profit or loss in subsequent periods: Exchange differences:
- Exchange differences on translation
into presentation currency | (2,986) | 127,006 | 64,482 | |||||
Reclassification adjustments for deemed | 19,336 | |||||||
disposal of associates | 4,620 | 501 | ||||||
Share of other comprehensive income/(loss) | 22,340 | |||||||
of associates | (171,567) | (87,692) | ||||||
Net other comprehensive income/(loss) that may be | ||||||||
reclassified to profit or loss in subsequent periods | 38,690 | (39,941) | (22,709) | |||||
Other comprehensive income/(loss) that will not be
- reclassified to profit or loss in subsequent periods: Exchange differences:
- Exchange differences on translation into
presentation currency | 5,392 | (230,172) | (87,346) | ||||
Equity investments designated at fair value | |||||||
through other comprehensive income: | - | ||||||
Changes in fair value, net of tax | (24,626) | - | |||||
Share of other comprehensive income/(loss) | - | ||||||
of an associate | (2,366) | 3,233 | |||||
Net other comprehensive income/(loss) that will not | |||||||
be reclassified to profit or loss in subsequent periods | 5,392 | (257,164) | (84,113) | ||||
OTHER COMPREHENSIVE INCOME/(LOSS) | |||||||
FOR THE PERIOD, NET OF TAX | 44,082 | (297,105) | (106,822) | ||||
TOTAL COMPREHENSIVE INCOME | |||||||
FOR THE PERIOD | 748,034 | 516,259 | 45,958 | ||||
Attributable to: | 608,987 | ||||||
Owners of the parent | 376,419 | (54,311) | |||||
Non-controlling interests | 139,047 | 139,840 | 100,269 | ||||
748,034 | 516,259 | 45,958 | |||||
4
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at | As at | ||||
30 September | 31 December | ||||
2021 | 2020 | ||||
RMB'000 | RMB'000 | ||||
(Unaudited) | (Audited) | ||||
NON-CURRENT ASSETS | |||||
Property, plant and equipment | 1,296,458 | 1,184,902 | |||
Investment properties | 62,853 | 64,003 | |||
Right-of-use assets | 492,254 | 504,971 | |||
Goodwill | 185,564 | 185,564 | |||
Other intangible assets | 117,905 | 67,175 | |||
Investments in joint ventures | 161,668 | 180,920 | |||
Investments in associates | 12,712,718 | 12,752,057 | |||
Equity investments designated at fair value | |||||
through other comprehensive income | 10,725 | 10,725 | |||
Financial assets at fair value through profit or loss | 222,806 | 198,953 | |||
Deferred tax assets | 114,063 | 116,981 | |||
Other non-current assets | 21,139 | 46,301 | |||
Total non-current assets | 15,398,153 | 15,312,552 | |||
CURRENT ASSETS | |||||
Inventories | 19,346 | 19,085 | |||
Trade receivables | 752,220 | 772,485 | |||
Prepayments, other receivables and other assets | 1,115,180 | 967,372 | |||
Financial assets at fair value through profit or loss | 2,190,391 | 3,910,553 | |||
Restricted cash | 310 | 13,079 | |||
Cash and bank deposits | 16,612,173 | 14,049,069 | |||
Total current assets | 20,689,620 | 19,731,643 | |||
CURRENT LIABILITIES | |||||
Trade payables | 340,102 | 290,855 | |||
Other payables and accruals | 1,308,746 | 1,328,005 | |||
Lease liabilities | 48,310 | 52,758 | |||
Deferred revenue | 1,598,141 | 1,306,207 | |||
Income tax payable | 163,209 | 265,823 | |||
Total current liabilities | 3,458,508 | 3,243,648 | |||
NET CURRENT ASSETS | 17,231,112 | 16,487,995 | |||
TOTAL ASSETS LESS CURRENT LIABILITIES | 32,629,265 | 31,800,547 | |||
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Kingsoft Corporation Limited published this content on 16 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2021 09:45:03 UTC.
