Kingsoft Corporation Limited

SEHK:3888 Stock Report

Market Cap: HK$32.9b

Kingsoft Future Growth

Future criteria checks 1/6

Kingsoft's earnings are forecast to decline at 12.3% per annum while its annual revenue is expected to grow at 11.4% per year. EPS is expected to decline by 10.5% per annum. Return on equity is forecast to be 5.9% in 3 years.

Key information

-12.3%

Earnings growth rate

-10.55%

EPS growth rate

Entertainment earnings growth9.1%
Revenue growth rate11.4%
Future return on equity5.89%
Analyst coverage

Good

Last updated09 Jun 2026

Recent future growth updates

Analysis Article May 29

Analysts Are Updating Their Kingsoft Corporation Limited (HKG:3888) Estimates After Its First-Quarter Results

Kingsoft Corporation Limited ( HKG:3888 ) came out with its first-quarter results last week, and we wanted to see how...
Analysis Article Mar 27

Kingsoft Corporation Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Kingsoft Corporation Limited ( HKG:3888 ) last week reported its latest full-year results, which makes it a good time...

Recent updates

Narrative Update Jun 02

3888: AI Office Expansion And Governance Reforms Will Support Higher Margins

Analysts have trimmed their fair value estimate for Kingsoft from HK$35.78 to HK$34.10. This reflects updates to assumptions on discount rate, revenue growth, profit margins and future P/E multiples.
Analysis Article May 29

Analysts Are Updating Their Kingsoft Corporation Limited (HKG:3888) Estimates After Its First-Quarter Results

Kingsoft Corporation Limited ( HKG:3888 ) came out with its first-quarter results last week, and we wanted to see how...
Narrative Update May 15

3888: Future Governance Reforms And Dividend Discipline Will Support Higher Margins

Analysts have nudged their Kingsoft price target to HK$35.78. This reflects slightly lower discount rate assumptions and a marginally higher future P/E multiple, while revenue growth and profit margin expectations remain broadly unchanged.
Narrative Update Apr 25

3888: Future Dividend Policy And Governance Reforms Will Support Higher Margins

Analysts have trimmed their HK$ price target for Kingsoft to reflect slightly lower fair value and revenue growth assumptions, as well as a modestly reduced future P/E, while also factoring in a small uplift in profit margin expectations and a marginally lower discount rate. What's in the News Board recommends a final dividend of HK$0.13 per share for the year ended 31 December 2025, subject to shareholder approval at the upcoming AGM, with payment expected on 18 June 2026 (Key Developments).
Narrative Update Apr 11

3888: Future Dividend Policy And Governance Reforms Will Support Earnings

Kingsoft's analyst price target has been revised lower to HK$36.48 from HK$40.66 as analysts factor in updated assumptions for revenue growth, profit margins and a higher future P/E multiple. What's in the News A board meeting is scheduled for 25 March 2026 to consider and approve final results for the year ended 31 December 2025 and to discuss a proposed final dividend.
Analysis Article Apr 08

News Flash: 10 Analysts Think Kingsoft Corporation Limited (HKG:3888) Earnings Are Under Threat

Today is shaping up negative for Kingsoft Corporation Limited ( HKG:3888 ) shareholders, with the analysts delivering a...
Analysis Article Apr 01

Concerns Surrounding Kingsoft's (HKG:3888) Performance

Kingsoft Corporation Limited's ( HKG:3888 ) robust recent earnings didn't do much to move the stock. We believe that...
Narrative Update Mar 28

3888: Renewed Xiaomi Agreements And Lease Will Support Future Earnings

Analysts have slightly reduced their fair value estimate for Kingsoft, from HK$41.03 to HK$40.66, as updated assumptions for revenue growth, profit margin and a lower future P/E are reflected in their models. What's in the News The board has scheduled a meeting on 25 March 2026 to consider and approve the final results for the year ended 31 December 2025 and to consider a final dividend for shareholders.
Analysis Article Mar 27

Kingsoft Corporation Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Kingsoft Corporation Limited ( HKG:3888 ) last week reported its latest full-year results, which makes it a good time...
Narrative Update Mar 11

3888: Renewed Xiaomi Framework And Long Lease Will Support Future Earnings

Analysts have modestly lifted their Kingsoft fair value estimate to HK$41.03 from HK$40.23, reflecting updated assumptions on the discount rate and future P/E, while keeping revenue growth and profit margin expectations broadly unchanged. What's in the News Board meeting scheduled for Mar 25, 2026 to review and approve final results for the year ended Dec 31, 2025 and to consider a proposed final dividend for shareholders (Board Meeting).
Narrative Update Feb 24

3888: Renewed Xiaomi Agreements And 2026 Lease Will Support Future Earnings

Analysts have reduced their target for Kingsoft, citing a slightly lower forward P/E assumption that results in a modestly reduced fair value estimate in HK$ terms, while keeping growth and margin expectations broadly unchanged. What's in the News Kingsoft entered into a six year lease agreement starting 1 January 2026 with Beijing Duokan, a consolidated affiliated entity of Xiaomi, covering properties whose rent was set after arm's length negotiation with reference to market rents, property location and expected inflation (Client Announcement).
Analysis Article Feb 16

Why Investors Shouldn't Be Surprised By Kingsoft Corporation Limited's (HKG:3888) P/E

With a price-to-earnings (or "P/E") ratio of 22.7x Kingsoft Corporation Limited ( HKG:3888 ) may be sending very...
Narrative Update Feb 10

3888: Renewed Xiaomi Framework And Lease Agreements Will Support Future Earnings

Analysts have trimmed their price target on Kingsoft to US$40.23 per share. This is a small adjustment that reflects slightly lower assumed discount rates while keeping revenue growth, profit margin and future P/E expectations broadly unchanged.
Narrative Update Jan 27

3888: Renewed Xiaomi Agreements And Lease Commitments Will Support Future Earnings Momentum

Analysts have nudged their Kingsoft price target slightly higher to about US$40.23, reflecting small adjustments to assumptions around the discount rate, revenue growth, profit margins and future P/E expectations. What's in the News Kingsoft entered into a six year lease agreement with Beijing Duokan, a consolidated affiliated entity of Xiaomi, for properties to be used by its lessees from 1 January 2026 to 31 December 2031.
Narrative Update Jan 11

3888: Future Earnings Momentum Will Be Supported By Renewed Xiaomi Cooperation

Analysts have trimmed their price target on Kingsoft to about $40.23 from roughly $40.87, citing slightly adjusted assumptions for fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers of the change. What's in the News On 30 December 2025, Kingsoft entered into a six year lease agreement with Beijing Duokan, a consolidated affiliated entity of Xiaomi, covering properties to be used by Kingsoft lessees from 1 January 2026 to 31 December 2031.
Narrative Update Dec 21

3888: Future Earnings Momentum Will Drive Solid Upside Potential

Analysts have modestly revised their price target on Kingsoft upward to reflect a fair value estimate of $40.87 per share, citing a largely unchanged outlook for long term revenue growth and profit margins, along with a slightly lower assumed future P/E multiple and a marginally higher discount rate. What's in the News A board meeting is scheduled for November 19, 2025, to review and approve the unaudited quarterly results for the three months ended September 30, 2025 (company board filing).
Analysis Article Dec 17

Returns On Capital Are Showing Encouraging Signs At Kingsoft (HKG:3888)

What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...
Narrative Update Dec 07

3888: Share Buyback And Earnings Momentum Will Drive Strong Future Performance

Analysts have trimmed their price target on Kingsoft slightly to approximately $40.87 from $41.54. This reflects modestly softer assumptions for long term revenue growth and profit margins, which are only partially offset by a marginally higher expected future price to earnings multiple.
Narrative Update Nov 23

3888: Share Buyback Momentum Will Drive Upward Share Performance

Narrative Update on Kingsoft: Analyst Price Target Revision Analysts have lowered their price target for Kingsoft from $42.68 to $41.54. They cited recent updates to profit margin and growth assumptions as key factors behind the modest decrease.
Analysis Article Oct 22

Getting In Cheap On Kingsoft Corporation Limited (HKG:3888) Might Be Difficult

Kingsoft Corporation Limited's ( HKG:3888 ) price-to-earnings (or "P/E") ratio of 24.7x might make it look like a...
Analysis Article Oct 06

Do Kingsoft's (HKG:3888) Earnings Warrant Your Attention?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article Sep 06

Kingsoft (HKG:3888) Might Have The Makings Of A Multi-Bagger

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...
Narrative Update Aug 27

Digital Transformation And AI Integration Will Expand Global Reach

Kingsoft's analyst price target has been revised down as its higher future P/E and declining net profit margin point to reduced profit expectations and less attractive valuation, lowering the fair value estimate from HK$44.06 to HK$42.68. What's in the News Board meeting scheduled to consider and approve interim results for the three and six months ended June 30, 2025.
Analysis Article Jul 10

Kingsoft Corporation Limited's (HKG:3888) Popularity With Investors Is Clear

Kingsoft Corporation Limited's ( HKG:3888 ) price-to-earnings (or "P/E") ratio of 27.9x might make it look like a...
Analysis Article May 24

Here's Why We Think Kingsoft (HKG:3888) Might Deserve Your Attention Today

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article Mar 21

Kingsoft Corporation Limited Just Recorded A 6.6% EPS Beat: Here's What Analysts Are Forecasting Next

Last week, you might have seen that Kingsoft Corporation Limited ( HKG:3888 ) released its annual result to the market...
Analysis Article Mar 07

Kingsoft (HKG:3888) Has A Rock Solid Balance Sheet

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Feb 05

Estimating The Fair Value Of Kingsoft Corporation Limited (HKG:3888)

Key Insights Kingsoft's estimated fair value is HK$40.25 based on 2 Stage Free Cash Flow to Equity Kingsoft's HK$42.70...
Analysis Article Jan 14

Shareholders Should Be Pleased With Kingsoft Corporation Limited's (HKG:3888) Price

Kingsoft Corporation Limited's ( HKG:3888 ) price-to-earnings (or "P/E") ratio of 31.9x might make it look like a...
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New Narrative Dec 07

AI Innovations And Gaming Expansion Propel Future Revenue Growth Across Office And Online Sectors

Significant investments in AI and international market expansion are expected to drive substantial future revenue growth in office software and overseas operations.
Analysis Article Oct 10

Optimistic Investors Push Kingsoft Corporation Limited (HKG:3888) Shares Up 36% But Growth Is Lacking

Kingsoft Corporation Limited ( HKG:3888 ) shareholders would be excited to see that the share price has had a great...
Analysis Article Apr 26

We Think Kingsoft's (HKG:3888) Robust Earnings Are Conservative

The subdued stock price reaction suggests that Kingsoft Corporation Limited's ( HKG:3888 ) strong earnings didn't offer...
Analysis Article Apr 15

Risks To Shareholder Returns Are Elevated At These Prices For Kingsoft Corporation Limited (HKG:3888)

When close to half the companies in the Entertainment industry in Hong Kong have price-to-sales ratios (or "P/S") below...
Analysis Article Mar 25

Kingsoft (HKG:3888) Could Easily Take On More Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Dec 31

Investors Interested In Kingsoft Corporation Limited's (HKG:3888) Revenues

When close to half the companies in the Entertainment industry in Hong Kong have price-to-sales ratios (or "P/S") below...
Analysis Article Dec 12

Kingsoft (HKG:3888) Has A Rock Solid Balance Sheet

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Nov 08

Kingsoft Corporation Limited (HKG:3888) Shares Could Be 23% Below Their Intrinsic Value Estimate

Key Insights Kingsoft's estimated fair value is HK$39.22 based on 2 Stage Free Cash Flow to Equity Kingsoft's HK$30.20...

Earnings and Revenue Growth Forecasts

SEHK:3888 - Analysts future estimates and past financials data (CNY Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202813,1791,9394,5413,7415
12/31/202711,9181,6823,6973,23410
12/31/202610,3511,8952,7593,0168
3/31/20269,7622,8122,1812,483N/A
12/31/20259,6832,0041,9502,292N/A
9/30/20259,8571,4902,5562,984N/A
6/30/202510,3531,6903,4133,878N/A
3/31/202510,5191,5513,7234,156N/A
12/31/202410,3181,5524,1614,587N/A
9/30/20249,8361,2974,0914,495N/A
6/30/20248,9809122,1002,555N/A
3/31/20248,7005762,9463,455N/A
12/31/20238,5344833,0153,489N/A
9/30/20238,3363272,4482,987N/A
6/30/20238,113-5,7583,3433,828N/A
3/31/20237,754-5,9562,2542,747N/A
12/31/20227,637-6,0492,0752,574N/A
9/30/20227,346-6,4301,8832,203N/A
6/30/20227,0191882,0262,405N/A
3/31/20226,6653781,8582,170N/A
12/31/20216,3713951,9182,220N/A
9/30/20216,1559512,1632,372N/A
6/30/20216,0421,0532,3432,552N/A
3/31/20215,9831,2282,4442,684N/A
12/31/20205,5941,5992,4982,991N/A
9/30/20209,317971,5152,471N/A
6/30/20205,1191,4497201,889N/A
3/31/20204,655228-71,420N/A
12/31/20194,371-31N/A825N/A
9/30/20194,649-36N/A733N/A
6/30/20195,140-600N/A651N/A
3/31/20195,530499N/A622N/A
12/31/20185,906389N/A770N/A
9/30/20185,528411N/A517N/A
6/30/20185,293578N/A1,135N/A
3/31/20185,232665N/A1,375N/A
12/31/20175,181683N/A1,890N/A
9/30/20175,094624N/A2,503N/A
6/30/20174,914651N/A2,067N/A
3/31/20174,380-216N/A1,906N/A
12/31/20163,834-237N/A1,393N/A
9/30/20164,318-315N/A1,492N/A
6/30/20164,702-403N/A1,517N/A
3/31/20165,233371N/A1,522N/A
12/31/20155,676369N/A1,435N/A
9/30/20154,970430N/A1,098N/A
6/30/20154,316613N/A990N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3888's earnings are forecast to decline over the next 3 years (-12.3% per year).

Earnings vs Market: 3888's earnings are forecast to decline over the next 3 years (-12.3% per year).

High Growth Earnings: 3888's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 3888's revenue (11.4% per year) is forecast to grow faster than the Hong Kong market (8.7% per year).

High Growth Revenue: 3888's revenue (11.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 3888's Return on Equity is forecast to be low in 3 years time (5.9%).


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/10 09:28
End of Day Share Price 2026/06/10 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Kingsoft Corporation Limited is covered by 29 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Huiqun LiBofA Global Research
Yan Jing WuChina Galaxy Securities Co., Ltd.
Xiaodan ZhangChina International Capital Corporation Limited