Kingsoft Posts Higher Annual Profit on Investment Gains as AI, Office Software Drive Strategy
Kingsoft Corporation reported a 29% year-on-year increase in profit attributable to owners, reaching 2.00 billion yuan for the fiscal year, supported by investment gains and growth in its office software division. The result accompanied a 6% decline in total revenue to 9.68 billion yuan and a 51% drop in operating profit as the company increased sp…