|By ACN Newswire||
|March 18, 2014 09:07 AM EDT||
KIS Strengthens Monetization Capability
JX Online III Records Strong Growth for the Past 10 Consecutive Quarters
Hong Kong, Mar 18, 2014 - (ACN Newswire) - Kingsoft Corporation Limited ("Kingsoft" or the "Company;" SEHK stock code: 03888), a well-known Chinese software and Internet service provider, announced its audited 2013 annual results, and its unaudited 2013 fourth quarter results ended 31 December 2013, respectively.
In the fourth quarter of 2013, the revenue of Kingsoft increased quarter-over-quarter by 21% and year-over-year by 55% to RMB668.8 million. Revenue from the online game and application software businesses represented 43% and 57%, respectively, of the Company's total revenue for the fourth quarter of 2013. Gross profit increased quarter-over-quarter by 23% and year-over-year by 53% to RMB579.1 million. Profit attributable to owners of the parent for the fourth quarter of 2013 increased 2% quarter-over-quarter and 33% year-over-year to RMB166.3 million.
In the year under review, total revenue surged by 54% year-over-year to RMB2,173.3 million. Approximately 50% of the revenue was generated from the online game and 49% of the revenue was generated from the application software. Gross profit rose by 53% year-over-year to RMB1,876.2 million. Profit attributable to owners of the parent increased by 55% year-over-year to RMB670.7 million.
Mr. Jun Lei, Chairman of Kingsoft, said, "2013 was a critical year of transformation for Kingsoft, and the first year that we started to transform our core businesses into mobile businesses. We saw a strong growth in our mobile monthly active users ("MAU"), posted over 210 million in December 2013."
Dr. HongJiang Zhang, Chief Executive Officer of Kingsoft, said, "We are thrilled to deliver a 54% annual growth in our revenue in 2013, well above the 38% annual revenue growth in 2012. All of our three major business lines have set new records in terms of revenue and operating metrics. I am extremely pleased with the outstanding results, particularly the great success of Clean Master in the global market, the expansion of Kingsoft footprints in new markets and the substantial progress we have achieved in KIS mobile monetization. These trends showcase that Kingsoft has embraced a right set of strategies and successfully adopted the internet trends and methodologies."
Online Game Business
Revenue from the online game business for the fourth quarter of 2013 increased 6% quarter-over-quarter and 20% year-over-year to RMB287.7 million. Revenue from the online game business for the year of 2013 increased 29% year-over-year to RMB1,095.9 million, outpaced the growth rate of MMO gaming market in China. The significant increase was primarily attributable to the continued rapid growth in revenue from JX Online III, which mostly doubled that of 2012 driven by the Company's continuous optimization and innovation of the game through expansion packs.
In 2013, revenue from JX Online III, the flagship game of Kingsoft, increased 92% year-over-year to RMB456.7 million with the release of a series of expansion packs in 2013, following a growth of 99% in 2012.
Kingsoft Internet Software and Kingsoft WPS Office
Revenue from the applications software business for the fourth quarter of 2013 increased 40% quarter-over-quarter and 100% year-over-year to RMB378.0 million. Revenue from the application software business for the year of 2013 increased 94% year-over-year to RMB1,055.7 million. The strong increase was mainly attributable to: i) the strong growth in revenue from online marketing and game platform of KIS as a result of strengthened monetization capability; ii) the emerging and accelerated growth of mobile marketing revenue and mobile game operation revenue as a result of initial success of KIS mobile monetization; and iii) strong sales of WPS Office stimulated by favorable IPR protection environment and emerging value-added revenue derived from the monetization of free user traffic of Kingsoft WPS Office.
KIS is now the #1 mobile application publisher in the Google Play Tools category based on worldwide downloads in January 2014, according to App Annie, and the #2 internet security software provider in China according to iResearch as of December 2013. In December 2013, total MAU of KIS's applications has reached 329.5 million. Mobile MAU has also increased almost 4 folds from 45.8 million in March 2013 to 166.2 million in December 2013. In the fourth quarter, approximately 11% of KIS revenue came from mobile services, representing a fast and strong ramp-up of KIS mobile monetization capabilities, compared with approximately 8% in the third quarter of 2013.
Revenue from Kingsoft WPS Office for the year of 2013 grew 47% year-over-year to RMB288.8 million, 51% of which came from enterprise users. In the past year, Kingsoft has completed milestone contracts with globally renowned financial institutions, which manifest the high quality and competiveness of Kingsoft's product and services, and also signal the Company's deeper and broader penetration to the enterprise markets. In addition, the online marketing revenue from WPS is becoming the growth catalyst supported by the expanded user traffic of WPS Personal Edition. The global MAU of WPS mobile office has also expanded quickly to 34 million in December 2013 from 13 million a year ago.
Kingsoft has expanded into enterprise data storage services and cloud storage platform services in 2013. The growth of user base of Kingsoft Cloud accelerated to 52 million in December 2013 through product innovation and strategic collaboration with Xiaomi and smart TV producers.
Mr. Jun Lei, Chairman of Kingsoft, said, "Looking ahead, Kingsoft will continue to invest heavily in mobile and cloud services. Meanwhile, KIS will continue to invest aggressively in product innovation and big data analytic research, in order to expand its worldwide user penetration in both PC and mobile internet markets."
Dr. HongJiang Zhang, Chief Executive Officer of Kingsoft, concluded, "The measures we have taken since 2011, focusing on core businesses and user experiences, adopting MBOs, and shifting to mobile internet services, have all paid off in 2013. We expect that KIS mobile platform will continue to attract user activities, game developers, and business partners, so the revenue from KIS mobile monetization will become our growth catalyst in the coming years. Kingsoft will always embrace the internet trends and strive to deliver products and services that exceed users' expectations. I am confident that, by focusing on products and services innovation, exceptional user experiences, and being responsive to the fast-changing market, we will continue to increase shareholders' value in the coming years."
About Kingsoft Corporation Limited
Kingsoft is a leading Chinese software and Internet service company with its shares listed on the Stock Exchange of Hong Kong Limited. Headquartered in Beijing, Kingsoft has set up R&D centers in Zhuhai, Beijing, Chengdu and Dalian. Since the commercial launch of its first office applications software, WPS 1.0, in 1989 followed by over 20 years of innovative endeavors, Kingsoft has become well recognised as a leading brand in China. Kingsoft has also rejuvenated itself by successfully transforming from "the King of package software" to an Internet technologies and service provider.
Kingsoft's main business encompasses Internet software, office software, entertainment software, cloud computing and on-line translation. The Company utilises the Internet as an effective channel to market and distribute its products and services, and has built an extensive sales and distribution network. Kingsoft provides a range of products and services across devices and platforms, such as Kingsoft Internet Software, online games, WPS Office, and cloud storage and cloud computation to internet users, corporate customers and Government agencies in China.
Enhancing the quality of digital lifestyle has been the mission of Kingsoft. Kingsoft will continue developing new products, expanding our products and services to Internet especially mobile Internet and expanding its market share in China, while vigorously penetrating into overseas markets.
For more information, please visit www.kingsoft.com
Source: Kingsoft Corporation Limited
Kingsoft Corporation Limited Ms. Ou Lu Tel:(86) 10 62927777 ext.5581 Email: [email protected]
Copyright 2014 ACN Newswire. All rights reserved.
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Jul. 23, 2016 10:15 PM EDT Reads: 2,401
“Being the one true cloud-agnostic and storage-agnostic software solution, more and more customers are coming to Commvault and saying ' What do you recommend? What's your best practice for implementing cloud?” explained Randy De Meno, Chief Technologist at Commvault, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 23, 2016 10:00 PM EDT Reads: 1,564
"We're bringing out a new application monitoring system to the DevOps space. It manages large enterprise applications that are distributed throughout a node in many enterprises and we manage them as one collective," explained Kevin Barnes, President of eCube Systems, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 23, 2016 10:00 PM EDT Reads: 1,567
From wearable activity trackers to fantasy e-sports, data and technology are transforming the way athletes train for the game and fans engage with their teams. In his session at @ThingsExpo, will present key data findings from leading sports organizations San Francisco 49ers, Orlando Magic NBA team. By utilizing data analytics these sports orgs have recognized new revenue streams, doubled its fan base and streamlined costs at its stadiums. John Paul is the CEO and Founder of VenueNext. Prior ...
Jul. 23, 2016 09:30 PM EDT Reads: 1,936
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, discussed how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved efficienc...
Jul. 23, 2016 09:30 PM EDT Reads: 1,869
Continuous testing helps bridge the gap between developing quickly and maintaining high quality products. But to implement continuous testing, CTOs must take a strategic approach to building a testing infrastructure and toolset that empowers their team to move fast. Download our guide to laying the groundwork for a scalable continuous testing strategy.
Jul. 23, 2016 09:00 PM EDT Reads: 1,805
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Jul. 23, 2016 08:45 PM EDT Reads: 1,637
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 23, 2016 08:30 PM EDT Reads: 2,010
CenturyLink has announced that application server solutions from GENBAND are now available as part of CenturyLink’s Networx contracts. The General Services Administration (GSA)’s Networx program includes the largest telecommunications contract vehicles ever awarded by the federal government. CenturyLink recently secured an extension through spring 2020 of its offerings available to federal government agencies via GSA’s Networx Universal and Enterprise contracts. GENBAND’s EXPERiUS™ Application...
Jul. 23, 2016 08:30 PM EDT Reads: 1,764
Big Data engines are powering a lot of service businesses right now. Data is collected from users from wearable technologies, web behaviors, purchase behavior as well as several arbitrary data points we’d never think of. The demand for faster and bigger engines to crunch and serve up the data to services is growing exponentially. You see a LOT of correlation between “Cloud” and “Big Data” but on Big Data and “Hybrid,” where hybrid hosting is the sanest approach to the Big Data Infrastructure pro...
Jul. 23, 2016 08:00 PM EDT Reads: 1,777
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Jul. 23, 2016 08:00 PM EDT Reads: 2,408
In his session at 18th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., and Logan Best, Infrastructure & Network Engineer at Webair, focused on real world deployments of DDoS mitigation strategies in every layer of the network. He gave an overview of methods to prevent these attacks and best practices on how to provide protection in complex cloud platforms. He also outlined what we have found in our experience managing and running thousands of Linux and Unix ...
Jul. 23, 2016 07:45 PM EDT Reads: 1,661
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
Jul. 23, 2016 07:15 PM EDT Reads: 1,863
We all know the latest numbers: Gartner, Inc. forecasts that 6.4 billion connected things will be in use worldwide in 2016, up 30 percent from last year, and will reach 20.8 billion by 2020. We're rapidly approaching a data production of 40 zettabytes a day – more than we can every physically store, and exabytes and yottabytes are just around the corner. For many that’s a good sign, as data has been proven to equal money – IF it’s ingested, integrated, and analyzed fast enough. Without real-ti...
Jul. 23, 2016 07:00 PM EDT Reads: 859
"We view the cloud not really as a specific technology but as a way of doing business and that way of doing business is transforming the way software, infrastructure and services are being delivered to business," explained Matthew Rosen, CEO and Director at Fusion, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 23, 2016 07:00 PM EDT Reads: 1,424