Major Estimate Revision • Apr 30
Consensus EPS estimates increase by 39% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from CN¥5.17 to CN¥7.20. Revenue forecast steady at CN¥7.14b. Net income forecast to shrink 10% next year vs 55% growth forecast for Software industry in China . Consensus price target broadly unchanged at CN¥348. Share price was steady at CN¥252 over the past week. Announcement • Apr 24
Beijing Kingsoft Office Software, Inc., Annual General Meeting, Jun 01, 2026 Beijing Kingsoft Office Software, Inc., Annual General Meeting, Jun 01, 2026, at 14:00 China Standard Time. Location: 7F, Building 7, No. 321, Qiandao Ring Road, Tangjiawan Town, Hi-tech Zone, Zhuhai, Guangdong China Reported Earnings • Apr 24
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: CN¥4.74 (up from CN¥0.87 in 1Q 2025). Revenue: CN¥1.61b (up 24% from 1Q 2025). Net income: CN¥2.20b (up 445% from 1Q 2025). Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Mar 30
Beijing Kingsoft Office Software, Inc. to Report Q1, 2026 Results on Apr 24, 2026 Beijing Kingsoft Office Software, Inc. announced that they will report Q1, 2026 results on Apr 24, 2026 Buy Or Sell Opportunity • Mar 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to CN¥261. The fair value is estimated to be CN¥330, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Reported Earnings • Feb 28
Full year 2025 earnings released: EPS: CN¥3.98 (vs CN¥3.56 in FY 2024) Full year 2025 results: EPS: CN¥3.98 (up from CN¥3.56 in FY 2024). Revenue: CN¥5.93b (up 16% from FY 2024). Net income: CN¥1.84b (up 12% from FY 2024). Profit margin: 31% (down from 32% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jan 12
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to CN¥380. The fair value is estimated to be CN¥306, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Price Target Changed • Dec 31
Price target increased by 7.9% to CN¥365 Up from CN¥338, the current price target is an average from 15 analysts. New target price is 19% above last closing price of CN¥307. Stock is up 7.2% over the past year. The company is forecast to post earnings per share of CN¥4.06 for next year compared to CN¥3.56 last year. Announcement • Dec 26
Beijing Kingsoft Office Software, Inc. to Report Fiscal Year 2025 Results on Mar 19, 2026 Beijing Kingsoft Office Software, Inc. announced that they will report fiscal year 2025 results on Mar 19, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: CN¥0.93 (up from CN¥0.69 in 3Q 2024). Revenue: CN¥1.52b (up 25% from 3Q 2024). Net income: CN¥431.2m (up 35% from 3Q 2024). Profit margin: 28% (up from 26% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Beijing Kingsoft Office Software, Inc. to Report Q3, 2025 Results on Oct 28, 2025 Beijing Kingsoft Office Software, Inc. announced that they will report Q3, 2025 results on Oct 28, 2025 Reported Earnings • Aug 21
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: CN¥0.75 (down from CN¥0.77 in 2Q 2024). Revenue: CN¥1.36b (up 14% from 2Q 2024). Net income: CN¥344.4m (down 2.8% from 2Q 2024). Profit margin: 25% (down from 30% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 21%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 22% per year. Declared Dividend • Jul 09
Dividend increased to CN¥0.90 Dividend of CN¥0.90 is 2.2% higher than last year. Ex-date: 11th July 2025 Payment date: 11th July 2025 Dividend yield will be 0.3%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 25% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 58% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 30
Beijing Kingsoft Office Software, Inc. to Report First Half, 2025 Results on Aug 21, 2025 Beijing Kingsoft Office Software, Inc. announced that they will report first half, 2025 results on Aug 21, 2025 Announcement • Jun 24
Beijing Kingsoft Office Software, Inc.(SHSE:688111) dropped from Shanghai Stock Exchange 180 Value Index Beijing Kingsoft Office Software, Inc. has been removed from Shanghai Stock Exchange 180 Value Index . Announcement • Jun 06
Beijing Kingsoft Office Software, Inc. (SHSE:688111) agreed to acquire remaining 31.98% stake in Beijing Suwell Technology Co., Ltd. from a group of shareholders for approximately CNY 250 million. Beijing Kingsoft Office Software, Inc. (SHSE:688111) agreed to acquire remaining 31.98% stake in Beijing Suwell Technology Co., Ltd. from a group of shareholders for approximately CNY 250 million on June 5, 2025. A cash consideration of CNY 253.69 million will be paid by Beijing Kingsoft Office Software, Inc. As part of consideration, CNY 253.69 million is paid towards common equity of Beijing Suwell Technology Co., Ltd. Upon completion, Beijing Kingsoft Office Software, Inc. will own 100% stake in Beijing Suwell Technology Co., Ltd. The transaction will be financed through equity investment of CNY 253.69 million.
As of December 31, 2024, Beijing Suwell Technology Co., Ltd. reported total assets of CNY 418.15 million and total common equity of CNY 271.83 million.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board. Announcement • May 14
Beijing Kingsoft Office Software, Inc., Annual General Meeting, Jun 04, 2025 Beijing Kingsoft Office Software, Inc., Annual General Meeting, Jun 04, 2025, at 14:00 China Standard Time. Location: Taishan Hotel, Beijing China Reported Earnings • Apr 24
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: CN¥0.87 (up from CN¥0.79 in 1Q 2024). Revenue: CN¥1.30b (up 6.2% from 1Q 2024). Net income: CN¥402.8m (up 9.8% from 1Q 2024). Profit margin: 31% (up from 30% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 21% per year. Announcement • Mar 28
Beijing Kingsoft Office Software, Inc. to Report Q1, 2025 Results on Apr 24, 2025 Beijing Kingsoft Office Software, Inc. announced that they will report Q1, 2025 results on Apr 24, 2025 Price Target Changed • Mar 06
Price target increased by 7.6% to CN¥346 Up from CN¥322, the current price target is an average from 17 analysts. New target price is 13% below last closing price of CN¥398. Stock is up 40% over the past year. The company is forecast to post earnings per share of CN¥4.08 for next year compared to CN¥3.56 last year. Reported Earnings • Feb 28
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: CN¥3.56 (up from CN¥2.86 in FY 2023). Revenue: CN¥5.12b (up 12% from FY 2023). Net income: CN¥1.65b (up 25% from FY 2023). Profit margin: 32% (up from 29% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.2%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jan 24
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to CN¥305. The fair value is estimated to be CN¥238, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Announcement • Dec 27
Beijing Kingsoft Office Software, Inc. to Report Fiscal Year 2024 Results on Mar 20, 2025 Beijing Kingsoft Office Software, Inc. announced that they will report fiscal year 2024 results on Mar 20, 2025 Buy Or Sell Opportunity • Nov 05
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 38% to CN¥276. The fair value is estimated to be CN¥228, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Price Target Changed • Nov 02
Price target increased by 7.3% to CN¥289 Up from CN¥270, the current price target is an average from 16 analysts. New target price is 17% above last closing price of CN¥248. Stock is down 18% over the past year. The company is forecast to post earnings per share of CN¥3.25 for next year compared to CN¥2.86 last year. Reported Earnings • Oct 26
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CN¥0.69 (up from CN¥0.64 in 3Q 2023). Revenue: CN¥1.21b (up 11% from 3Q 2023). Net income: CN¥318.4m (up 8.3% from 3Q 2023). Profit margin: 26% (in line with 3Q 2023). Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates by 4.6%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Oct 18
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 40% to CN¥285. The fair value is estimated to be CN¥223, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Announcement • Sep 30
Beijing Kingsoft Office Software, Inc. to Report Q3, 2024 Results on Oct 26, 2024 Beijing Kingsoft Office Software, Inc. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥222, the stock trades at a forward P/E ratio of 59x. Average forward P/E is 31x in the Software industry in China. Total loss to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥232 per share. New Risk • Sep 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Aug 27
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 30% to CN¥181. The fair value is estimated to be CN¥233, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Price Target Changed • Aug 24
Price target decreased by 8.1% to CN¥279 Down from CN¥304, the current price target is an average from 16 analysts. New target price is 47% above last closing price of CN¥190. Stock is down 47% over the past year. The company is forecast to post earnings per share of CN¥3.37 for next year compared to CN¥2.86 last year. Reported Earnings • Aug 21
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: CN¥0.77 (up from CN¥0.72 in 2Q 2023). Revenue: CN¥1.19b (up 6.0% from 2Q 2023). Net income: CN¥354.4m (up 6.7% from 2Q 2023). Profit margin: 30% (in line with 2Q 2023). Revenue missed analyst estimates by 10.0%. Earnings per share (EPS) also missed analyst estimates by 6.6%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Price Target Changed • Jul 22
Price target decreased by 7.3% to CN¥316 Down from CN¥341, the current price target is an average from 16 analysts. New target price is 52% above last closing price of CN¥208. Stock is down 50% over the past year. The company is forecast to post earnings per share of CN¥3.62 for next year compared to CN¥2.86 last year. Price Target Changed • Jul 08
Price target decreased by 8.8% to CN¥322 Down from CN¥353, the current price target is an average from 16 analysts. New target price is 67% above last closing price of CN¥193. Stock is down 57% over the past year. The company is forecast to post earnings per share of CN¥3.62 for next year compared to CN¥2.86 last year. Buy Or Sell Opportunity • Jul 01
Now 39% undervalued after recent price drop Over the last 90 days, the stock has fallen 32% to CN¥205. The fair value is estimated to be CN¥336, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 8.6%. For the next 3 years, revenue is forecast to grow by 21% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥205, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 29x in the Software industry in China. Total loss to shareholders of 47% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥336 per share. Announcement • Jun 29
Beijing Kingsoft Office Software, Inc. to Report First Half, 2024 Results on Aug 31, 2024 Beijing Kingsoft Office Software, Inc. announced that they will report first half, 2024 results on Aug 31, 2024 Buy Or Sell Opportunity • Jun 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 26% to CN¥247. The fair value is estimated to be CN¥308, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 8.6%. For the next 3 years, revenue is forecast to grow by 21% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Announcement • May 08
Beijing Kingsoft Office Software, Inc., Annual General Meeting, May 28, 2024 Beijing Kingsoft Office Software, Inc., Annual General Meeting, May 28, 2024, at 14:00 China Standard Time. Location: Taishan Hotel, Beijing China Reported Earnings • Apr 24
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: CN¥0.79 (up from CN¥0.58 in 1Q 2023). Revenue: CN¥1.23b (up 17% from 1Q 2023). Net income: CN¥367.0m (up 37% from 1Q 2023). Profit margin: 30% (up from 25% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 5.6%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Mar 29
Beijing Kingsoft Office Software, Inc. to Report Q1, 2024 Results on Apr 24, 2024 Beijing Kingsoft Office Software, Inc. announced that they will report Q1, 2024 results on Apr 24, 2024 Buy Or Sell Opportunity • Mar 15
Now 21% overvalued Over the last 90 days, the stock has fallen 10% to CN¥294. The fair value is estimated to be CN¥243, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 7.9%. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Reported Earnings • Feb 28
Full year 2023 earnings: EPS in line with expectations, revenues disappoint Full year 2023 results: EPS: CN¥2.86 (up from CN¥2.42 in FY 2022). Revenue: CN¥4.56b (up 17% from FY 2022). Net income: CN¥1.32b (up 18% from FY 2022). Profit margin: 29% (in line with FY 2022). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Price Target Changed • Jan 09
Price target decreased by 7.1% to CN¥352 Down from CN¥379, the current price target is an average from 14 analysts. New target price is 37% above last closing price of CN¥256. Stock is down 5.9% over the past year. The company is forecast to post earnings per share of CN¥2.91 for next year compared to CN¥2.42 last year. Announcement • Jan 05
Beijing Kingsoft Office Software, Inc. Provides Earnings Guidance for the Year Ended 31 December 2023 Beijing Kingsoft Office Software, Inc. provided earnings guidance for the year ended 31 December 2023. Based on the preliminary estimates of the finance department, it is expected to record an revenue in the amount of RMB 4,368.58 million to RMB 4,794.59 million for the year 2023, which represents an expected year-on-year increase of RMB 483.62 million to RMB 909.63 million, representing a year-on-year increase by a range of 12.45% to 23.41%. It is expected to record a net profit attributable to shareholders of the listed company in the amount of RMB 1,235.47 million to RMB 1,365.51 million for the year 2023, which represents an expected year-on-year increase of RMB 117.94 million to RMB 247.98 million, representing a year-on-year increase by a range of 10.55% to 22.19%. It is expected to record a net profit attributable to shareholders of the listed company after deducting non-recurring profit and loss in the amount of RMB 1,178.00 million to RMB 1,302.00 million, which represents an expected year-on-year increase of RMB 239.15 million to RMB 363.15 million, representing a year-on-year increase by a range of 25.47% to 38.68%. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.64 (vs CN¥0.64 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.64 (up from CN¥0.64 in 3Q 2022). Revenue: CN¥1.10b (up 9.4% from 3Q 2022). Net income: CN¥294.0m (flat on 3Q 2022). Profit margin: 27% (down from 29% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 23
Second quarter 2023 earnings released: EPS: CN¥0.72 (vs CN¥0.58 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.72 (up from CN¥0.58 in 2Q 2022). Revenue: CN¥1.12b (up 21% from 2Q 2022). Net income: CN¥332.0m (up 24% from 2Q 2022). Profit margin: 30% (in line with 2Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jul 05
Price target increased by 8.4% to CN¥394 Up from CN¥364, the current price target is an average from 14 analysts. New target price is 14% below last closing price of CN¥458. Stock is up 150% over the past year. The company is forecast to post earnings per share of CN¥3.37 for next year compared to CN¥2.42 last year. Announcement • Jun 28
Beijing Kingsoft Office Software, Inc. to Report First Half, 2023 Results on Aug 24, 2023 Beijing Kingsoft Office Software, Inc. announced that they will report first half, 2023 results on Aug 24, 2023 Reported Earnings • Apr 23
First quarter 2023 earnings: EPS and revenues miss analyst expectations First quarter 2023 results: EPS: CN¥0.58 (up from CN¥0.54 in 1Q 2022). Revenue: CN¥1.05b (up 21% from 1Q 2022). Net income: CN¥267.3m (up 6.6% from 1Q 2022). Profit margin: 25% (down from 29% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Mar 23
Price target increased by 10.0% to CN¥313 Up from CN¥285, the current price target is an average from 16 analysts. New target price is 13% below last closing price of CN¥361. Stock is up 88% over the past year. The company is forecast to post earnings per share of CN¥3.50 for next year compared to CN¥2.42 last year. Reported Earnings • Feb 26
Full year 2022 earnings released: EPS: CN¥2.43 (vs CN¥2.26 in FY 2021) Full year 2022 results: EPS: CN¥2.43 (up from CN¥2.26 in FY 2021). Revenue: CN¥3.88b (up 18% from FY 2021). Net income: CN¥1.12b (up 7.4% from FY 2021). Profit margin: 29% (down from 32% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 16
Price target increased to CN¥234 Up from CN¥207, the current price target is an average from 13 analysts. New target price is 12% below last closing price of CN¥266. Stock is down 7.3% over the past year. The company is forecast to post earnings per share of CN¥2.49 for next year compared to CN¥2.26 last year. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 1 highly experienced director. 2 independent directors (6 non-independent directors). Independent Director Peng Lu was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Price Target Changed • Oct 30
Price target increased to CN¥223 Up from CN¥207, the current price target is an average from 13 analysts. New target price is 18% below last closing price of CN¥273. Stock is down 7.6% over the past year. The company is forecast to post earnings per share of CN¥2.48 for next year compared to CN¥2.26 last year. Reported Earnings • Oct 27
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: CN¥0.64 (down from CN¥0.65 in 3Q 2021). Revenue: CN¥1.00b (up 24% from 3Q 2021). Net income: CN¥293.4m (down 1.9% from 3Q 2021). Profit margin: 29% (down from 37% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in China. Major Estimate Revision • Aug 30
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥4.20b to CN¥3.92b. EPS estimate also fell from CN¥2.85 per share to CN¥2.54 per share. Net income forecast to grow 42% next year vs 60% growth forecast for Software industry in China. Consensus price target down from CN¥214 to CN¥208. Share price was steady at CN¥174 over the past week. Reported Earnings • Aug 24
Second quarter 2022 earnings: EPS exceeds analyst expectations Second quarter 2022 results: EPS: CN¥0.58 (up from CN¥0.52 in 2Q 2021). Revenue: CN¥923.4m (up 17% from 2Q 2021). Net income: CN¥268.9m (up 11% from 2Q 2021). Profit margin: 29% (down from 31% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 73%. Over the next year, revenue is forecast to grow 39%, compared to a 32% growth forecast for the Software industry in China. Price Target Changed • Jun 24
Price target decreased to CN¥218 Down from CN¥239, the current price target is an average from 19 analysts. New target price is 11% above last closing price of CN¥196. Stock is down 49% over the past year. The company is forecast to post earnings per share of CN¥2.87 for next year compared to CN¥2.26 last year. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.54 (down from CN¥0.67 in 1Q 2021). Revenue: CN¥868.1m (up 12% from 1Q 2021). Net income: CN¥250.8m (down 18% from 1Q 2021). Profit margin: 29% (down from 40% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 34%, compared to a 33% growth forecast for the industry in China. Price Target Changed • Apr 27
Price target decreased to CN¥239 Down from CN¥259, the current price target is an average from 19 analysts. New target price is 44% above last closing price of CN¥166. Stock is down 50% over the past year. The company is forecast to post earnings per share of CN¥2.94 for next year compared to CN¥2.26 last year. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Price Target Changed • Apr 21
Price target decreased to CN¥239 Down from CN¥259, the current price target is an average from 19 analysts. New target price is 32% above last closing price of CN¥182. Stock is down 45% over the past year. The company is forecast to post earnings per share of CN¥2.94 for next year compared to CN¥2.26 last year. Price Target Changed • Mar 29
Price target decreased to CN¥281 Down from CN¥309, the current price target is an average from 17 analysts. New target price is 60% above last closing price of CN¥175. Stock is down 47% over the past year. The company is forecast to post earnings per share of CN¥3.05 for next year compared to CN¥2.26 last year. Major Estimate Revision • Mar 04
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥4.61b to CN¥4.47b. EPS estimate also fell from CN¥3.52 per share to CN¥3.12 per share. Net income forecast to grow 38% next year vs 48% growth forecast for Software industry in China. Consensus price target down from CN¥345 to CN¥309. Share price fell 12% to CN¥186 over the past week. Price Target Changed • Mar 03
Price target decreased to CN¥309 Down from CN¥345, the current price target is an average from 16 analysts. New target price is 54% above last closing price of CN¥200. Stock is down 38% over the past year. The company is forecast to post earnings per share of CN¥3.12 for next year compared to CN¥2.26 last year. Price Target Changed • Feb 28
Price target decreased to CN¥326 Down from CN¥353, the current price target is an average from 16 analysts. New target price is 53% above last closing price of CN¥213. Stock is down 36% over the past year. The company is forecast to post earnings per share of CN¥2.96 for next year compared to CN¥2.26 last year. Reported Earnings • Feb 28
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥2.26 (up from CN¥1.90 in FY 2020). Revenue: CN¥3.28b (up 45% from FY 2020). Net income: CN¥1.04b (up 19% from FY 2020). Profit margin: 32% (down from 39% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 41%, compared to a 33% growth forecast for the industry in China. Reported Earnings • Aug 25
Second quarter 2021 earnings released: EPS CN¥0.52 (vs CN¥0.54 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥791.7m (up 46% from 2Q 2020). Net income: CN¥241.4m (down 2.3% from 2Q 2020). Profit margin: 31% (down from 46% in 2Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • May 04
First quarter 2021 earnings released: EPS CN¥0.67 (vs CN¥0.24 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥773.4m (up 108% from 1Q 2020). Net income: CN¥307.4m (up 179% from 1Q 2020). Profit margin: 40% (up from 30% in 1Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS CN¥1.90 (vs CN¥1.09 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.26b (up 43% from FY 2019). Net income: CN¥878.1m (up 119% from FY 2019). Profit margin: 39% (up from 25% in FY 2019). The increase in margin was driven by higher revenue. Announcement • Mar 05
Beijing Kingsoft Office Software, Inc. to Report Fiscal Year 2020 Results on Mar 26, 2021 Beijing Kingsoft Office Software, Inc. announced that they will report fiscal year 2020 results on Mar 26, 2021 Is New 90 Day High Low • Mar 04
New 90-day low: CN¥320 The company is down 7.0% from its price of CN¥345 on 04 December 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥34.58 per share. Is New 90 Day High Low • Jan 18
New 90-day high: CN¥460 The company is up 37% from its price of CN¥335 on 20 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥29.14 per share. Price Target Changed • Jan 06
Price target raised to CN¥384 Up from CN¥337, the current price target is an average from 9 analysts. The new target price is close to the current share price of CN¥398. As of last close, the stock is up 167% over the past year. Is New 90 Day High Low • Dec 22
New 90-day high: CN¥370 The company is up 12% from its price of CN¥329 on 23 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥29.10 per share. Is New 90 Day High Low • Dec 07
New 90-day high: CN¥359 The company is up 17% from its price of CN¥308 on 08 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥25.00 per share. Is New 90 Day High Low • Nov 11
New 90-day low: CN¥291 The company is down 21% from its price of CN¥366 on 13 August 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥24.64 per share. Announcement • Jul 08
Beijing Kingsoft Office Software, Inc. to Report First Half, 2020 Results on Aug 19, 2020 Beijing Kingsoft Office Software, Inc. announced that they will report first half, 2020 results on Aug 19, 2020