Kingsoft Full Year 2024 Earnings: EPS Beats Expectations

Kingsoft (HKG:3888) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥10.3b (up 21% from FY 2023).
• Net income: CN¥1.55b (up 221% from FY 2023).
• Profit margin: 15% (up from 5.7% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥1.16 (up from CN¥0.36 in FY 2023).

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

Kingsoft EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.6%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Entertainment industry in Hong Kong.

Performance of the Hong Kong Entertainment industry.

The company's shares are down 1.7% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Kingsoft's balance sheet.

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