Kingsoft Corporation's gross profit up 9% to RMB430.5m

Steady development from major business lines.

In a release, Kingsoft Corporation Limited announced its unaudited quarterly and interim results for the three and six months ended 30 June 2013 respectively.

For the second quarter of 2013, the revenue of Kingsoft increased by 9% quarter-over-quarter and 54% year-over-year to RMB496.5 million. Gross profit increased by 9% quarter-over-quarter and 53% year-over-year to RMB430.5 million. 

For the first half of 2013, revenue recorded was RMB953.4 million, 55% above that in the first half of 2012.

Gross profit recorded in the first half of the year was RMB825.8 million, representing a 57% year-over-year growth, while gross profit margin remained high at 87%.

Profit attributable to owners of the parent in the first half of 2013 was RMB341.2 million, up 71% from the same period a year earlier. Revenue contributions from online games and applications software businesses represented 56% and 43% respectively of the total revenue during the first half of 2013.

Dr. HongJiang Zhang, Chief Executive Officer of Kingsoft, said, “The growth momentum continued during the second quarter of 2013, and all major business lines achieved steady development.

The entertainment software business recorded an outstanding performance, while the application software business achieved extraordinary growth, which contributed to the 55% year-over-year increase in the Company’s revenue to reach RMB953.4 million in the first half of this year.”