Kingsoft First Quarter 2024 Earnings: EPS: CN¥0.21 (vs CN¥0.14 in 1Q 2023)

Kingsoft (HKG:3888) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥2.14b (up 8.5% from 1Q 2023).
• Net income: CN¥284.6m (up 48% from 1Q 2023).
• Profit margin: 13% (up from 9.8% in 1Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.21 (up from CN¥0.14 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Kingsoft Earnings Insights

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Entertainment industry in Hong Kong.

Performance of the Hong Kong Entertainment industry.

The company's shares are down 3.2% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Kingsoft's balance sheet health.

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