New Risk • May 27
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 9.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 9.7% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Declared Dividend • May 20
Dividend of HK$0.13 announced Shareholders will receive a dividend of HK$0.13. Ex-date: 1st June 2026 Payment date: 18th June 2026 Dividend yield will be 5.6%, which is higher than the industry average of 1.4%. Payout Ratios Payout ratio: 8%. Cash payout ratio: 8%. Tillkännagivande • May 11
Kingsoft Corporation Limited to Report Q1, 2026 Results on May 27, 2026 Kingsoft Corporation Limited announced that they will report Q1, 2026 results on May 27, 2026 Tillkännagivande • Mar 26
Kingsoft Corporation Limited Recommends Final Dividend for the Ended 31 December 2025, Payable on June 18, 2026 Kingsoft Corporation Limited has recommended the payment of a final dividend of HKD 0.13 per share for the year ended 31 December 2025 (2024: HKD 0.15 per share). The final dividend, subject to the approval of the shareholders of the Company at the forthcoming annual general meeting (the "AGM") of the Company, is expected to be paid on 18 June 2026. Ex-dividend date: 01 June 2026; Record date: 08 June 2026. Date of shareholders' approval: 28 May 2026. Tillkännagivande • Mar 25
Kingsoft Corporation Limited, Annual General Meeting, May 28, 2026 Kingsoft Corporation Limited, Annual General Meeting, May 28, 2026, at 16:30 China Standard Time. Tillkännagivande • Mar 09
Kingsoft Corporation Limited to Report Fiscal Year 2025 Results on Mar 25, 2026 Kingsoft Corporation Limited announced that they will report fiscal year 2025 results on Mar 25, 2026 Tillkännagivande • Nov 03
Kingsoft Corporation Limited to Report Q3, 2025 Results on Nov 19, 2025 Kingsoft Corporation Limited announced that they will report Q3, 2025 results at 9:30 AM, China Standard Time on Nov 19, 2025 Tillkännagivande • Aug 04
Kingsoft Corporation Limited to Report Q2, 2025 Results on Aug 20, 2025 Kingsoft Corporation Limited announced that they will report Q2, 2025 results on Aug 20, 2025 Tillkännagivande • May 29
Kingsoft Corporation Limited Declares Final Dividend for the Year Ended 31 December 2024 Kingsoft Corporation Limited announced at the AGM held on May 29, 2025, approved to declare a final dividend of HKD 0.15 per share for the year ended 31 December 2024. Tillkännagivande • May 13
Kingsoft Corporation Limited to Report Q1, 2025 Results on May 28, 2025 Kingsoft Corporation Limited announced that they will report Q1, 2025 results on May 28, 2025 Tillkännagivande • Mar 20
Kingsoft Corporation Limited announces Annual dividend, payable on June 18, 2025 Kingsoft Corporation Limited announced Annual dividend of HKD 0.1500 per share payable on June 18, 2025, ex-date on June 02, 2025 and record date on June 03, 2025. Tillkännagivande • Mar 19
Kingsoft Corporation Limited, Annual General Meeting, May 22, 2025 Kingsoft Corporation Limited, Annual General Meeting, May 22, 2025. Tillkännagivande • Mar 03
Kingsoft Corporation Limited to Report Fiscal Year 2024 Results on Mar 19, 2025 Kingsoft Corporation Limited announced that they will report fiscal year 2024 results on Mar 19, 2025 Tillkännagivande • Nov 04
Kingsoft Corporation Limited to Report Q3, 2024 Results on Nov 19, 2024 Kingsoft Corporation Limited announced that they will report Q3, 2024 results on Nov 19, 2024 Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €3.24, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 13x in the Entertainment industry in Germany. Total loss to shareholders of 4.4% over the past three years. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €2.88, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 11x in the Entertainment industry in Germany. Total loss to shareholders of 16% over the past three years. Reported Earnings • Sep 22
Second quarter 2024 earnings released: EPS: CN¥0.29 (vs CN¥0.04 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.29 (up from CN¥0.04 in 2Q 2023). Revenue: CN¥2.47b (up 13% from 2Q 2023). Net income: CN¥393.4m (up CN¥336.2m from 2Q 2023). Profit margin: 16% (up from 2.6% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 8% per year. Reported Earnings • Aug 21
Second quarter 2024 earnings released: EPS: CN¥0.29 (vs CN¥0.04 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.29 (up from CN¥0.04 in 2Q 2023). Revenue: CN¥2.47b (up 13% from 2Q 2023). Net income: CN¥393.4m (up CN¥336.2m from 2Q 2023). Profit margin: 16% (up from 2.6% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 12% per year. Tillkännagivande • Aug 05
Kingsoft Corporation Limited to Report First Half, 2024 Results on Aug 20, 2024 Kingsoft Corporation Limited announced that they will report first half, 2024 results on Aug 20, 2024 Tillkännagivande • May 24
Kingsoft Corporation Limited Approves Final Dividend for the Year Ended 31 December 2023 Kingsoft Corporation Limited in its Annual General Meeting Held on 23 May 2024 approved the final dividend of HKD 0.14 per share for the year ended 31 December 2023. Upcoming Dividend • May 24
Upcoming dividend of HK$0.14 per share Eligible shareholders must have bought the stock before 31 May 2024. Payment date: 19 June 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (1.7%). Reported Earnings • May 23
First quarter 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.14 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.21 (up from CN¥0.14 in 1Q 2023). 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. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Tillkännagivande • May 08
Kingsoft Corporation Limited to Report Q1, 2024 Results on May 22, 2024 Kingsoft Corporation Limited announced that they will report Q1, 2024 results on May 22, 2024 Tillkännagivande • Apr 30
Kingsoft Corporation Limited Proposes Final Dividend for the Year Ended 31 December 2023 Kingsoft Corporation Limited at its AGM to be held on 23 May 2024 proposed final dividend of HKD 0.14 per share for the year ended 31 December 2023. Reported Earnings • Apr 21
Full year 2023 earnings released: EPS: CN¥0.36 (vs CN¥4.44 loss in FY 2022) Full year 2023 results: EPS: CN¥0.36 (up from CN¥4.44 loss in FY 2022). Revenue: CN¥8.53b (up 12% from FY 2022). Net income: CN¥483.5m (up CN¥6.53b from FY 2022). Profit margin: 5.7% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Tillkännagivande • Apr 21
Kingsoft Corporation Limited, Annual General Meeting, May 22, 2024 Kingsoft Corporation Limited, Annual General Meeting, May 22, 2024. Agenda: To propose dividend; and to consider other matters. Declared Dividend • Mar 22
Dividend of HK$0.14 announced Shareholders will receive a dividend of HK$0.14. Ex-date: 31st May 2024 Payment date: 19th June 2024 Dividend yield will be 5.0%, which is higher than the industry average of 1.4%. Payout Ratios Payout ratio: 36%. Cash payout ratio: 6%. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: CN¥0.36 (vs CN¥4.43 loss in FY 2022) Full year 2023 results: EPS: CN¥0.36 (up from CN¥4.43 loss in FY 2022). Revenue: CN¥8.53b (up 12% from FY 2022). Net income: CN¥483.5m (up CN¥6.53b from FY 2022). Profit margin: 5.7% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Tillkännagivande • Mar 20
Kingsoft Corporation Limited Announces Final Dividend or the Year Ended 31 December 2023 Payable on 19 June 2024 Kingsoft Corporation Limited announced final Dividend of HKD 0.14 per share for the Year Ended 31 December 2023 payable on 19 June 2024. Record date is on 07 June 2024. Ex-dividend date is on 31 May 2024. Tillkännagivande • Mar 05
Kingsoft Corporation Limited to Report Fiscal Year 2023 Results on Mar 20, 2024 Kingsoft Corporation Limited announced that they will report fiscal year 2023 results on Mar 20, 2024 New Risk • Feb 17
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 German stocks, typically moving 7.0% 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €2.14, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 12x in the Entertainment industry in Europe. Total loss to shareholders of 68% over the past three years. Tillkännagivande • Jan 18
Kingsoft Corporation Limited Announces Board Changes Kingsoft Corporation Limited announced that Ms. Hongyu LV has tendered her resignation as the company secretary, the Board secretary, and an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from 19 January 2024 due to other professional commitment. The Board is pleased to further announce that, following the resignation of Ms. Hongyu LV, Ms. Ou LU has been appointed as the company secretary, the Board secretary and an Authorised Representative with effect from 19 January 2024. The biographical details of Ms. Ou LU are set out as follows: Ms. Ou LU received a Bachelor of Commerce degree, specialized in Accounting and Finance, from University of Toronto. Ms. Ou LU also received a Juris Doctorate degree from Boston University School of Law, and has been admitted to the New York State Bar. Ms. Ou LU is an associate member of The Hong Kong Chartered Governance Institute (formerly known as The Hong Kong Institute of Chartered Secretaries). Ms. Ou LU joined the Group in 2013, and has been served as the investor relations director, responsible for overseeing the Group's investor relations initiatives that encompass activities including, among others, communication with capital markets, financial reporting and market valuation management. Prior to joining the Group, Ms. Ou LU served as the board secretary and legal counsel of a company listed in the United States, and also worked at law firms prior thereto. Reported Earnings • Nov 24
Third quarter 2023 earnings released: EPS: CN¥0.02 (vs CN¥4.44 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.02 (up from CN¥4.44 loss in 3Q 2022). Revenue: CN¥2.06b (up 12% from 3Q 2022). Net income: CN¥28.5m (up CN¥6.08b from 3Q 2022). Profit margin: 1.4% (up from net loss in 3Q 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Tillkännagivande • Nov 07
Kingsoft Corporation Limited to Report Q3, 2023 Results on Nov 21, 2023 Kingsoft Corporation Limited announced that they will report Q3, 2023 results on Nov 21, 2023 Reported Earnings • Aug 23
Second quarter 2023 earnings released: EPS: CN¥0.04 (vs CN¥0.10 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.04 (up from CN¥0.10 loss in 2Q 2022). Revenue: CN¥2.19b (up 20% from 2Q 2022). Net income: CN¥57.2m (up CN¥196.6m from 2Q 2022). Profit margin: 2.6% (up from net loss in 2Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. Tillkännagivande • Aug 08
Kingsoft Corporation Limited to Report Q2, 2023 Results on Aug 22, 2023 Kingsoft Corporation Limited announced that they will report Q2, 2023 results on Aug 22, 2023 Recent Insider Transactions • Jul 04
Co-Founder & Non-Executive Chairman recently bought €5.7m worth of stock On the 29th of June, Jun Lei bought around 2m shares on-market at roughly €3.80 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Jun's only on-market trade for the last 12 months. Buying Opportunity • May 29
Now 23% undervalued Over the last 90 days, the stock is up 6.0%. The fair value is estimated to be €4.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Meanwhile, the company became loss making. Upcoming Dividend • May 26
Upcoming dividend of HK$0.13 per share at 0.4% yield Eligible shareholders must have bought the stock before 02 June 2023. Payment date: 21 June 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.1%). Tillkännagivande • May 25
Kingsoft Corporation Limited Approves Final Dividend for the Year Ended 31 December 2022 Kingsoft Corporation Limited at its annual general meeting held on 24 May 2023, approved to declare a final dividend of HKD 0.13 per share for the year ended 31 December 2022. Reported Earnings • May 24
First quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.07 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.14 (up from CN¥0.07 in 1Q 2022). Revenue: CN¥1.97b (up 6.3% from 1Q 2022). Net income: CN¥192.3m (up 94% from 1Q 2022). Profit margin: 9.8% (up from 5.4% in 1Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 137 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Apr 02
Non-Executive Director recently sold €12m worth of stock On the 27th of March, Pak Kwan Kau sold around 3m shares on-market at roughly €4.05 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €21m more than they bought in the last 12 months. Reported Earnings • Mar 22
Full year 2022 earnings released: CN¥4.43 loss per share (vs CN¥0.29 profit in FY 2021) Full year 2022 results: CN¥4.43 loss per share (down from CN¥0.29 profit in FY 2021). Revenue: CN¥7.64b (up 20% from FY 2021). Net loss: CN¥6.05b (down CN¥6.44b from profit in FY 2021). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 122 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Eric Wong was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Oct 26
Kingsoft Corporation Limited to Report Q3, 2022 Results on Nov 15, 2022 Kingsoft Corporation Limited announced that they will report Q3, 2022 results at 4:00 PM, China Standard Time on Nov 15, 2022 Reported Earnings • Aug 24
Second quarter 2022 earnings released: CN¥0.10 loss per share (vs CN¥0.04 profit in 2Q 2021) Second quarter 2022 results: CN¥0.10 loss per share (down from CN¥0.04 profit in 2Q 2021). Revenue: CN¥1.83b (up 24% from 2Q 2021). Net loss: CN¥139.4m (down 387% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 23%, compared to a 90,133% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Aug 24
Kingsoft Corporation Limited Announces Executive Changes The Board of Kingsoft Corporation Limited announced that Mr. Chi Ping LAU (Mr. LAU) has tendered his resignation as a non-executive Director and a member of the Nomination Committee of the Company with effect from 23 August 2022 due to other work arrangements. The Board further announced that Mr. Leiwen YAO (Mr. YAO) has been appointed as a non-executive Director and a member of the Nomination Committee of the Company with effect from 23 August 2022. Mr. Leiwen YAO, aged 40, is a non-executive Director of the Company. He is also a Vice General Manager of the Investment Department in Tencent Holdings Limited. He joined Tencent in 2011 as a senior investment manager, and was promoted to the Vice General Manager of the Investment Department in Tencent in 2018, responsible for managing the investment, merger and acquisition activities in the high-tech and enterprise services sectors. Prior to joining Tencent, he was an investment director at Mindray, a global medical instrumentation developer, manufacturer and marketer, in charge of merger and acquisition activities in the healthcare sector. Prior to that, he worked at Deutsche Bank as an investment associate. Mr. YAO received his bachelor's degree in Economic Information Management and a master's degree in Finance from the University of International Business and Economics, and his master's degree in Business Administration from Institut Européen D'administration des Affaires (INSEAD). Mr. YAO has entered into a service contract as a non-executive Director with the Company for a term of 3 years from 23 August 2022. He is also subject to retirement by rotation and re-election at the annual general meeting of the Company in accordance with the articles of association of the Company. Under the service contract, Mr. YAO will not receive Director's emoluments. Tillkännagivande • May 26
Kingsoft Corporation Limited Declares Final Dividend for the Financial Year End 31 December 2021 Kingsoft Corporation Limited in its AGM held on May 25, 2022 declared final dividend of HKD 0.12 per share for the financial year end 31 December 2021. Upcoming Dividend • May 23
Upcoming dividend of HK$0.12 per share Eligible shareholders must have bought the stock before 30 May 2022. Payment date: 21 June 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (1.9%). Tillkännagivande • May 12
Kingsoft Corporation Limited to Report Q1, 2022 Results on May 24, 2022 Kingsoft Corporation Limited announced that they will report Q1, 2022 results on May 24, 2022 Tillkännagivande • May 06
Kingsoft Corporation Limited Proposes Final Dividend for the Financial Year End 31 December 2021, Payable on 21 June 2022 Kingsoft Corporation Limited proposed final dividend of HKD 0.12 per share for the financial year end 31 December 2021, subject to shareholders' approval on 25 May 2022. Record date is 06 June 2022 with payment date on 21 June 2022. Tillkännagivande • May 02
Kingsoft Corporation Limited, Annual General Meeting, May 25, 2022 Kingsoft Corporation Limited, Annual General Meeting, May 25, 2022, at 10:30 China Standard Time. Location: Building D, Xiaomi Campus, No. 33 Xierqi Middle Road Haidian District Beijing China Agenda: To receive and consider the audited consolidated financial statements, the report of the directors and the independent auditors' report for the year ended 31 December 2021; to declare a final dividend of HK$0.12 per share for the year ended 31 December 2021; to re-appoint Ernst & Young as the auditors of the Company and to authorize the board of directors of the Company to fix the auditors' remuneration; and to consider other matters if any. Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: CN¥0.29 (vs CN¥1.17 in FY 2020) Full year 2021 results: EPS: CN¥0.29 (down from CN¥1.17 in FY 2020). Revenue: CN¥6.37b (up 14% from FY 2020). Net income: CN¥395.3m (down 75% from FY 2020). Profit margin: 6.2% (down from 29% in FY 2020). Over the next year, revenue is forecast to grow 25%, compared to a 181% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
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. 1 experienced director. 7 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Eric Wong was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €2.53, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 19x in the Entertainment industry in Germany. Total returns to shareholders of 9.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.68 per share. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 26% share price gain to €2.84, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 21x in the Entertainment industry in Germany. Total returns to shareholders of 48% over the past three years. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorated over the past week After last week's 20% share price decline to €2.77, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 18x in the Entertainment industry in Germany. Total returns to shareholders of 50% over the past three years. Recent Insider Transactions • Jan 25
Key Executive recently sold €295k worth of stock On the 18th of January, Yuk Keung Ng sold around 68k shares on-market at roughly €4.35 per share. This was the largest sale by an insider in the last 3 months. Yuk Keung has been a seller over the last 12 months, reducing personal holdings by €737k. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS CN¥0.41 (vs CN¥0.49 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥1.51b (up 8.1% from 3Q 2020). Net income: CN¥565.2m (down 15% from 3Q 2020). Profit margin: 37% (down from 48% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Sep 01
Kingsoft Corporation Limited (SEHK:3888) commences an Equity Buyback Plan for 137,272,872 shares, representing 10% of its issued share capital, under the authorization approved on May 26,2 021. Kingsoft Corporation Limited (SEHK:3888) commences share repurchases on August 31, 2021, under the program mandated by the shareholders in the Annual General Meeting held on May 26, 2021. As per the mandate, the company is authorized to repurchase up to 137,272,872 shares, representing 10% of its issued share capital. The purpose for the buyback is to enhance the net asset value per share and/or earnings per share. The repurchases will be funded from the company’s available cash flow or working capital facilities which will be legally available for such purpose in accordance with its memorandum of association and Articles of Association, the Companies Law of the Cayman Islands and any other applicable law. The authority shall expire at the earliest of the next Annual general Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is varied or revoked in a General Meeting. As of May 26, 2021, the company had 1,372,728,717 shares in issue.
On August 30, 2021, the company announced a share repurchase program. Under the program, the company will repurchase up to HKD 1,000 million worth of its shares. Recent Insider Transactions • Sep 01
Non-Executive Director recently bought €3.4m worth of stock On the 25th of August, Pak Kwan Kau bought around 1m shares on-market at roughly €3.39 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €17m more in shares than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment deteriorated over the past week After last week's 31% share price decline to €2.97, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 34x in the Software industry in Germany. Total returns to shareholders of 94% over the past three years. Reported Earnings • Aug 25
Second quarter 2021 earnings released: EPS CN¥0.04 (vs CN¥0.16 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥1.48b (up 4.2% from 2Q 2020). Net income: CN¥48.7m (down 78% from 2Q 2020). Profit margin: 3.3% (down from 16% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 28
First quarter 2021 earnings released: EPS CN¥0.09 The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥1.56b (up 33% from 1Q 2020). Net income: CN¥116.6m (down 76% from 1Q 2020). Profit margin: 7.5% (down from 42% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 29% per year. Tillkännagivande • May 27
Kingsoft Corporation Limited Approves Final Dividend for the Year Ended 31 December 2020 Kingsoft Corporation Limited announced that at its annual general meeting held on May 26, 2021, approved the declaration of final dividend of HKD 0.20 per share for the year ended 31 December 2020. Upcoming Dividend • May 24
Upcoming dividend of HK$0.20 per share Eligible shareholders must have bought the stock before 31 May 2021. Payment date: 18 June 2021. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.6%). Recent Insider Transactions • Apr 29
CEO & Executive Director recently sold €3.0m worth of stock On the 23rd of April, Tao Zou sold around 497k shares on-market at roughly €5.99 per share. This was the largest sale by an insider in the last 3 months. Tao has been a seller over the last 12 months, reducing personal holdings by €8.0m. Reported Earnings • Apr 24
Full year 2020 earnings released: EPS CN¥1.17 (vs CN¥0.023 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥5.59b (up 28% from FY 2019). Net income: CN¥1.60b (up CN¥1.63b from FY 2019). Profit margin: 29% (up from net loss in FY 2019). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Reported Earnings • Mar 24
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥5.59b (down 32% from FY 2019). Net income: CN¥1.60b (up CN¥3.14b from FY 2019). Profit margin: 29% (up from net loss in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 115 percentage points per year, which is a significant difference in performance. Tillkännagivande • Mar 10
Kingsoft Corporation Limited to Report Q4, 2020 Results on Mar 23, 2021 Kingsoft Corporation Limited announced that they will report Q4, 2020 results on Mar 23, 2021 Is New 90 Day High Low • Feb 03
New 90-day high: €7.10 The company is up 48% from its price of €4.80 on 05 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.45 per share. Is New 90 Day High Low • Jan 19
New 90-day high: €6.30 The company is up 49% from its price of €4.24 on 21 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.35 per share. Recent Insider Transactions • Jan 09
Non-Executive Director recently sold €7.8m worth of stock On the 5th of January, Pak Kwan Kau sold around 1m shares on-market at roughly €5.26 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €39m more than they bought in the last 12 months. Is New 90 Day High Low • Dec 31
New 90-day high: €5.10 The company is up 19% from its price of €4.28 on 02 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.46 per share. Analyst Estimate Surprise Post Earnings • Nov 18
Revenue beats expectations Revenue exceeded analyst estimates by 2.0%. Over the next year, revenue is expected to shrink by 29% compared to a 13% growth forecast for the Software industry in Germany. Is New 90 Day High Low • Nov 07
New 90-day high: €4.84 The company is up 8.0% from its price of €4.48 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.92 per share. Tillkännagivande • Aug 10
Kingsoft Corporation Limited to Report Q2, 2020 Results on Aug 18, 2020 Kingsoft Corporation Limited announced that they will report Q2, 2020 results on Aug 18, 2020 Tillkännagivande • Jul 18
Kingsoft Corporation Limited Announces Change of Principal Place of Business in Hong Kong The board of directors of Kingsoft Corporation Limited announced that the principal place of business of the Company in Hong Kong has been changed to Suite 3208, 32/F, Tower 5, The Gateway, Harbour City, Tsim Sha Tsui, Kowloon, Hong Kong with effect from 16 July 2020. 
