Category: Featured

A year since launch, the programme provides connectivity towards increasing digital literacy and bridging the digital divide.

KUALA LUMPUR, May 13, 2025 – (ACN Newswire) – EdgePoint Infrastructure (EdgePoint), an ASEAN-based independent telecommunications infrastructure company, today announced that it has successfully built and equipped 12 digital classrooms under its Connectivity For Communities (CFC) programme, a regional corporate responsibility initiative aimed at providing access to connectivity for students in underserved communities across Malaysia, Indonesia and the Philippines.

Since launching the programme just over a year ago, the company has built digital classrooms in these twelve schools, complete with access to seamless connectivity, the necessary digital devices and refurbished student common rooms. In addition, they have collaborated with teachers and local organizations to implement long-term digital literacy programmes ensuring the more than 6,500 students currently benefiting from the project are able to maximize the resources provided.  These initiatives are crucial for increasing digital literacy, ensuring that students in underserved areas are equipped with the skills and knowledge needed to seize future opportunities and secure brighter, more prosperous futures.

Chee Wi Lyn, Executive Vice President – People and Corporate Office, said, “We are pleased that these digital classrooms have transformed the learning experiences for students as they can now learn through interactive online modules, research topics which interest them, look for reading materials online and so on. It has also empowered students to develop new skills alongside their daily studies, such as video editing and presentation creation. We have been closely monitoring the progress of the CFC projects and are pleased to share the positive impact the program is making.  Attendance has improved by an overall of 10%, which led to a 6% overall increase in exam scores. Teachers have also noted a significant increase in digital literacy scores of the students, with assessments showing up to 100% improvement in some schools”.

Speaking on the extended benefits of connectivity to the surrounding communities she added “Beyond the classroom, reliable internet access and digital resources have positively impacted the families of these students as well. Community members are leveraging connectivity for online gigs, financial transactions, and upskilling, all of which contribute to harnessing their full potential and improving their quality of lives. This connectivity is not only enhancing individual opportunities but also empowering the community to thrive in a rapidly evolving digital world,” she added.

Aligned with EdgePoint’s focus on bridging the digital divide in the countries in which it operates, the company collaborates with local organizations in these countries to ensure the right underserved communities are empowered by the CFC programmes. EdgePoint aims to close the year with 20 digital libraries built in schools across Malaysia, Indonesia and the Philippines.

About EdgePoint Infrastructure

EdgePoint Infrastructure is an ASEAN based independent telecommunications infrastructure company that aspires towards Building a Connected, Digital ASEAN. Headquartered in Singapore with operations in Malaysia, Indonesia and the Philippines, through EdgePoint Towers Sdn Bhd, PT Centratama Telekomunikasi Indonesia, Tbk and EdgePoints Towers Inc. respectively, the company is focused on providing sharable and leading-edge telecom structures, small cells and in-building systems. EdgePoint aims to be an industry leader through scale and innovation, driving operational efficiencies through the adoption of analytics and digital technologies.

For more information on EdgePoint, please visit https://edgepointinfra.com/.

– A delegation led by Mr John Lee, Chief Executive, HKSAR, visited Qatar as part of a broader high-level overseas visit to Middle East
– Delegation comprises over 50 business leaders from Hong Kong,enterprise representatives from seven mainland provinces and cities
– 35 MoUs and announcements were facilitated in trade and investment, financial and legal services, and innovation & technology

Doha, Qatar, May 12, 2025 – (ACN Newswire) – A business delegation led by Mr John Lee, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), and organised by the Hong Kong Trade Development Council (HKTDC) visited Doha and the second largest city in Qatar Lusail on 10-12 May. This visit includes representatives from mainland enterprises for the first time with the aim to support high-quality Belt and Road cooperation.

35 memoranda of understanding (MoUs) and announcements were facilitated in trade and investment promotion, finance, transport and logistics, and innovation and technology, further strengthening collaboration between Hong Kong and the mainland, and facilitating mainland companies to partner with Hong Kong businesses to “go out” and explore opportunities in the Middle East and beyond. They also paved the way for deeper collaboration between Hong Kong, the mainland, Qatar and the broader Middle Eastern market.

The delegation, organised by the Hong Kong Trade Development Council (HKTDC), comprises over 50 business leaders from Hong Kong and enterprise representatives from seven mainland provinces and cities, including Beijing, Shanghai, Guangdong, Zhejiang, Fujian, Jiangsu, and Hubei, covering a range of sectors including finance, professional services, construction and real estate, transport and logistics, green development, innovation and technology (I&T), energy and manufacturing.

The delegation had meetings with business chambers, including Qatari Businessmen Association (QBA) and Qatar Chamber of Commerce and Industry (QCCI), and government bodies, including Qatar Financial Centre (QFC) and Qatar Development Bank (QDB). In these meetings, the delegates explored opportunities to enhance trade and investment and promoted Hong Kong’s advantages and opportunities.

The delegates also conducted a site visit to Lusail City to observe how I&T integrates with urban planning and infrastructure and to explore collaboration opportunities for Hong Kong’s smart city solution providers. As the second largest city in Qatar, Lusail City is becoming one of the country’s flagship smart cities due to its ICT-focused infrastructure facilities, which are under construction and nearing completion.

During the visit to the Qatar Foundation and its subsidiaries, the delegates discussed potential partnerships, technology transfer opportunities, and programmes for supporting tech start-ups with entities such as the Qatar National Research Fund, Qatar Science & Technology Park, and Education City. The visit provided insights into how Hong Kong’s technological advancements might align with Qatar’s strategic focus areas.

Additionally, the delegation visited the National Museum of Qatar to gain a deeper understanding of Qatar’s history and cultural vision.

To foster collaboration, the Hong Kong Economic and Trade Office (HKETO) and Hong Kong Trade Development Council (HKTDC) organised a high-level business luncheon, which was attended by some 300 business leaders and key officials.

At the luncheon on 12 May, Mr Lee remarked: “As both our economies diversify, co-operation becomes our greatest multiplier. Uniting Qatar’s transformative drive, Mainland China’s expertise, and Hong Kong’s connectivity will help us realise a future of diverse, and boundless, opportunities. Let’s work together. Let’s partner for success.”

“To bring Hong Kong and Qatar together, I am pleased to announce that with immediate effect, holders of the Hong Kong SAR passport can enjoy visa-free entry into Qatar, for 30 days at a time. Nationals of Qatar can also visit Hong Kong visa-free. These initiatives will make it that much easier to create partnerships, do business and enjoy life together,”Mr Lee added.

Dr Peter K N Lam, Chairman of the HKTDC, said: “In 2024, Qatar was Hong Kong’s 3rd largest trading partner in the Middle East. This accounted for 6.6% of Hong Kong’s total trade with the region. There is a lot of room for growth.

“Hong Kong is the most international city in the ever-growing Guangdong-Hong Kong-Macao Greater Bay Area. We are also the gateway to the vast Mainland China market. Our proximity to Asian economies and half the world’s population boosts our role as a superconnector and super value-adder linking China with the world. Hong Kong is your access point to Mainland China, the wider Asia region and beyond,” he added.

35 MoUs and announcements were delivered by the government and the following members of the delegation:

1. Federation of Hong Kong Industries (FHKI) and Qatar Chamber of Commerce & Industry (QCCI)
2. Hong Kong General Chamber of Commerce (HKGCC) and Qatar Chamber of Commerce & Industry (QCCI)
3. Hong Kong Tourism Board (HKTB) and Qatar Airways
4. Hong Kong Trade Development Council (HKTDC) and Invest Qatar
5. Hong Kong Trade Development Council (HKTDC) and Qatari Businessmen Association (QBA)
6. Hong Kong Trade Development Council (HKTDC) and Qatar Chamber of Commerce & Industry (QCCI)
7. Hong Kong Trade Development Council (HKTDC) and Qatar Financial Centre (QFC)
8. The Chinese Manufacturers’ Association of Hong Kong (CMA) and Qatari Businessmen Association (QBA)
9. The Hong Kong Associations of Bank and Qatar Chamber of Commerce & Industry (QCCI)
10. The Law Society of Hong Kong and Qatar International Center for Conciliation and Arbitration (QICCA)
11. The Law Society of Hong Kong and Qatar Lawyers Association
12. Financial Services Development Council (FSDC) and Qatar Financial Centre (QFC) (non-delegate)
13. Hang Seng Indexes Company Limited and Qatar Financial Centre (QFC)
14. MTR Corporation Limited and Qatar National Bank
15. Belt and Road General Chamber of Commerce and Luyi Industrial Park
16. Hong Kong Productivity Council and Shanghai Westwell Technology
17. Hong Kong Productivity Council and EHang Intelligent Equipment (Guangzhou) Co., Ltd
18. Bank of China (Hong Kong) and Shanghai Westwell Technology
19. Baoye Group and Luyi Industrial Park
20. Deloitte China and Glodon Technology Co. Ltd
21. Deloitte China and WeBank
22. HSBC and PCI Technology Co., Ltd
23. HSBC and Meetsocial Group
24. Standard Chartered and Fosun International
25. Templewater and WeBank
26. Center International Group Co., Limited and Luyi Industrial Development QFZ
27. Luyi Industrial Park and Qatar Development Bank
28. Goldford Group and WeBank and Klickl Technology L.L.C
29. Development Bureau and Public Works Authority ‘Ashghal’ of Qatar
30. Invest Hong Kong and Qatar Chamber of Commerce & Industry
31. Invest Hong Kong and Qatari Businessmen Association (QBA)
32. Department of Justice and Ministry of Justice of the State of Qatar (Announcement)
33. Hong Kong Customs and Excise Department and Qatar Customs (Announcement)
34. Security Bureau (Announcement)
35. Trade and Industry Department and Ministry of Commerce and Industry of the State of Qatar (Announcement on progress of IPPA’s negotiation)

As the Belt and Road Initiative continues injecting new momentum into regional cooperation, Hong Kong, positioned as a superconnector and super value-adder with the distinctive advantages of enjoying the strong support of the mainland and being closely connected to the world, will continue to serve as a trade hub between the mainland and the Middle East.

In September, the HKSAR Government and HKTDC will host the 10th Belt and Road Summit in Hong Kong at which Qatari companies can exchange valuable insights and find ways to collaborate with other governments and businesses along the Belt and Road.

The Hong Kong delegation’s visit to Qatar is part of a broader high-level overseas visit taking place from 10 to 15 May. This visit aims to strengthen economic and trade ties between Hong Kong, the mainland and the Middle East, building on the success of the Chief Executive’s previous missions to Saudi Arabia and the UAE in 2023.

Photo download: https://bit.ly/44u5NG1

The business delegation led by Mr John Lee, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), and organised by the Hong Kong Trade Development Council (HKTDC), comprises over 50 business leaders from Hong Kong and enterprise representatives from seven mainland provinces and cities

35 memoranda of understanding (MoUs) and announcements were facilitated

The delegation visited Lusail City

The delegation visited the National Museum of Qatar

Dr Peter K N Lam, Chairman, Hong Kong Trade Development Council, Mr John Lee, Chief Executive of the Hong Kong Special Administrative Region, and members of the delegation took part in a roundtable meeting with the chairman and key members of the Qatari Businessmen Association (QBA)

Media enquiries

HKTDC’s Communications & Public Affairs Department:

Snowy Chan	Tel: (852) 2584 4525	Email: snowy.sn.chan@hktdc.org
Sam Ho	Tel: (852) 2584 4569	Email: sam.sy.ho@hktdc.org

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.

– New APP Business Achieves 62 million MAU and Annual Revenue of HK$1.1 billion
– Second Interim Dividend of HK6.4 cents per Ordinary Share Declared

IGG Inc 2024 Annual Financial Highlights and 2025 Business Update:

– In 2024, the Group experienced a 9% year-on-year increase in revenue, reaching a total of HK$5.74 billion. This growth was primarily due to three growth drivers – two highly-rated games “Doomsday: Last Survivors” and “Viking Rise”, which contributed approximately HK$1 billion and HK$700 million, respectively, along with the APP Business , which generated HK$1.1 billion. These three contributors accounted for 49% of the Group’s revenue in 2024, up from 32% in 2023, underscoring the success of its diversified growth strategy. “Lords Mobile”, IGG’s flagship title launched nine years ago, made a significant contribution of nearly HK$2.6 billion in revenue.

– The Group achieved a significant 697% year-on-year increase in net profit, reaching HK$580 million in 2024. The Group’s core business experienced a substantial surge of 3,626% year-on-year to HK$650 million in net profit. The investment business recorded an unrealized loss of approximately HK$70 million due to fair-value changes of investees.

– Entering 2025, the Group will continue to enhance its gaming and APP Business, with a commitment to sustaining long-term profitability. The Group will release two blockbuster strategy games, “Frozen War” and Project PSS, along with a blockbuster casual game, “Tycoon Master”.  With their innovative and meticulously crafted gameplay, these titles possess growth potential.

HONG KONG, Mar 27, 2025 – (ACN Newswire) – IGG Inc (“IGG” or “the Group”, stock code: 799.HK), a leading global developer and publisher of mobile games and applications, is pleased to announce the audited consolidated financial results of the Group for the year ended 31 December 2024.

In 2024, the Group steadily reinforced its development goal of “diversified growth and steady profitability” through three growth drivers: two highly-rated games, “Doomsday: Last Survivors” and “Viking Rise”, along with the APP Business. In terms of revenue, the Group experienced a 9% year-on-year increase, reaching HK$5.74 billion in 2024. This growth was primarily driven by “Doomsday: Last Survivors” and “Viking Rise”, which contributed approximately HK$1 billion and HK$700 million, respectively, while the APP Business generated HK$1.1 billion. These three contributors accounted for 49% of the Group’s revenue in 2024, up from 32% in 2023, underscoring the success of its diversified growth strategy. “Lords Mobile”, IGG’s flagship title launched nine years ago, made a significant contribution of nearly HK$2.6 billion in revenue. During the year, revenue from Asia, Europe and North America accounted for 42%, 34% and 20%, respectively, of the Group’s total revenue.

With the contribution of the aforementioned businesses and extensive utilization of AI technology, the Group achieved a significant 697% year-on-year increase in net profit, reaching HK$580 million in 2024. The Group’s core business experienced a substantial surge of 3,626% year-on-year to HK$650 million in net profit. The investment business recorded an unrealized loss of approximately HK$70 million due to fair-value changes of investees. As at 31 December 2024, the Group’s mobile games were available in 23 different languages worldwide, with approximately 1.5 billion users in total and over 17 million monthly active users (“MAU”) across more than 200 countries and regions.

Since its launch, the game “Doomsday: Last Survivors” has regularly introduced new features, including account entrustment, alliance vault and mini-games, to enhance gamer engagement. Additionally, the game ran a series of collaborations with different partners, including the classic game “Metal Slug 3” and hit movie “Pacific Rim”. These initiatives, coupled with offline tournaments, were well-received by its 73 million players[1], leading to a 50% year-on-year increase in revenue. Following the success of the first International Offline SLG Championship held last year, the Group is gearing up for the “2025 World Championship” for “Doomsday: Last Survivors”, “Lords Mobile”, and “Viking Rise” to let players experience the thrill of ‘live’ competitive gaming.

“Viking Rise”, the Group’s first Viking-themed strategy game, received widespread acclaim when it was launched in late 2022. Throughout the year, the game continued to introduce new features, including Battle Royale gameplay, mercenary guild battles and a new conquest season entitled “Fenrir’s Judgement”. Additionally, the game reintroduced a collaboration with the popular TV show “Vikings” from MGM Television and its spinoff series “Vikings: Valhalla”. These enhancements and marketing initiatives resonated with its 40 million players2, driving a remarkable 66% year-on-year increase in revenue.

“Lords Mobile”, IGG’s blockbuster title that debuted nine years ago, is the Group’s first cross-platform, multi-language, real-time game, lauded by Sensor Tower for its longevity[2], and designed for a global audience. It has received widespread acclaim from gamers, and consistently generates stable revenue for the Group. As of 31 December 2024, it has amassed 740 million registered users worldwide and has 9 million MAU. In the second half of 2024, the game introduced the much-anticipated “Chaos Arena” feature, alongside ongoing IP collaborations and various offline events, to sustain player interest.

After a decade of exploration, research and development, the Group’s APP Business finally achieved significant breakthroughs and remarkable growth over the past two years. It has built a proprietary ad traffic platform supported by service-oriented mobile applications. Leveraging the Group’s global operational expertise and a base of more than 1 billion users, the APP Business reached a new milestone of 62 million MAU. It generated a remarkable HK$1.1 billion in revenue in 2024, representing 19% of the Group’s total revenue. The APP Business has emerged as a vital growth driver for the Group, contributing notably to a net profit of HK$95 million.

Through a combination of share repurchases and dividend payouts, the Group consistently returns value to its shareholders. During the year, the total amount declared in dividends, together with the funds allocated for share repurchases, accounted for approximately 38% of the Group’s net profit for 2024. The Board of Directors declared a second interim dividend of HK6.4 cents per ordinary share. Coupled with the first interim dividend of HK8.5 cents, the total dividend declared amounts to HK14.9 cents, representing approximately 30% of annual profit. In 2024, the Group allocated approximately HK$47 million for share buybacks, which corresponds to approximately 8% of annual profit.

Entering 2025, the Group will continue to enhance its gaming and APP Business, with a commitment to sustaining long-term profitability. The Group will release two blockbuster strategy games, “Frozen War” and Project PSS, alongside a blockbuster casual game, “Tycoon Master”. With their innovative and meticulously crafted gameplay, these titles possess growth potential. The Group is dedicated to drive growth for the APP Business by enhancing its platform development. Embracing the corporate spirit of “Innovators at Work, Gamers at Heart”, the Group will continue to strengthen its global R&D and operational capabilities, to relentlessly pursue its strategy of quality, innovation, and excellence in creating innovative yet timeless games.

About IGG Inc

Established in 2006, IGG Inc is a leading global mobile games and applications developer and operator with headquarters in Singapore and local offices in the United States, China, Canada, Japan, South Korea, Thailand, the Philippines, Indonesia, Brazil, Türkiye, Italy and Spain. IGG offers multi-language and multifarious games and mobile applications to users around the world. The Group has established long-term partnerships with over 100 business partners, including global platforms, advertising channels, and vendors such as Apple, Google and Meta. IGG’s most popular products include the games “Lords Mobile”, “Doomsday: Last Survivors”, “Viking Rise”, “Time Princess”, along with a range of diversified mobile applications.

[1]APP Business: development and operations of the Group’s mobile applications.
[2]User data as of December 31, 2024.
[3]Source: Sensor Tower, a third-party analytics platform

 

– Offer Price Ranges from HK$2.50 to HK$3.00 per Share

Highlights of the Global Offering:

– The Hong Kong Public Offering is expected to close at 12:00 noon (at 11:30 a.m. for completing electronic applications under the White Form eIPO service) on Wednesday, 26 March 2025;
– Offer Price Range: HK$2.50 to HK$3.00 per Share;
– The Shares will be traded in board lots of 1,000 Shares each;
– Maximum net proceeds will be approximately HK$117.7 million (before any exercise of the Over-allotment Option);
– Dealings in the Shares on the Main Board of the Hong Kong Stock Exchange are expected to commence on Monday, 31 March 2025;
– Red Solar Capital Limited is the Sole Sponsor.

HONG KONG, Mar 21, 2025 – (ACN Newswire) – Jiangsu Horizon Chain Supermarket Company Limited (the “Company”, stock code: 2625) today announces its Global Offering and the listing of Shares on the Main Board of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”).

Jiangsu Horizon Chain Supermarket Company Limited is a wholesaler of grains and oil headquartered in Yangzhou, with retail operations of supermarket and convenience stores focusing on the central region of Jiangsu Province under the brand ‘Hongxinlong’. According to the Industry Report, the Company ranked second among supermarket operators in Yangzhou in terms of sales in 2023 with a market share of approximately 9.1%, the fifth among supermarket operators in the central region of Jiangsu Province in terms of sales in 2023 with a market share of approximately 2.3%, and around the twentieth among supermarket operators in Jiangsu province in terms of sales in 2023 with a market share of approximately 0.4%.

Jiangsu Horizon Chain Supermarket Company Limited plans to offer an aggregate of 53,562,000 Shares (subject to Over-allotment Option) under the Global Offering, of which 48,205,000 Shares (subject to reallocation and the Over-allotment Option) will be offered by way of International Placing, and 5,357,000 Shares (subject to reallocation) will be offered in the Hong Kong Public Offering. The Offer Price will not be more than HK$3.00 per Share and is currently expected to be not less than HK$2.50 per Share, with the board lot size of 1,000 shares

The Hong Kong Public Offering commenced on Friday, 21 March 2025 and is expected to close at 12:00 noon (at 11:30 a.m. for completing electronic applications under the White Form eIPO service) on Wednesday, 26 March 2025. Dealings in H Shares on the Stock Exchange are expected to commence on Monday, 31 March 2025.

Assuming the Over-allotment Option is not exercised at all, if the Offer Price is set at HK$3.00 per Share (being the high end of the Offer Price range), the net proceeds from the

Global Offering will increase to approximately HK$117.7 million. The Company intends to apply the net proceeds for the following purposes:

– Approximately 30.9% will be used for the opening of new Retail Stores, including store renovation, purchase of shelves, purchase of cold storage facilities, lightings, air-conditioning, CCTV surveillance system and POS system and installation of fire safety system.

– Approximately 41.2% will be used for establishing a new distribution centre including acquiring a parcel of land for the construction of the New Distribution Centre, acquiring shelves, lightings and ancillary facilities and installing fire safety system.

– Approximately 26.8% will be used for establishing a new central kitchen, including the construction of the New Central Kitchen, acquiring machines and equipment, acquiring and installing fire safety system, ventilation system, cold storage facilities, utilities, air-conditioning, CCTV surveillance system and ancillary facilities, and acquiring additional vehicles for the delivery of meals to the customers.

– Approximately 1.1% will be used for enhancing the ERP system and infrastructure systems to improve operational efficiency.

The Company has successfully procured cornerstone investor Top Legend SPC, Top Legend has agreed to subscribe for such number of H Shares which may be subscribed with an aggregate amount of US$5.0 million at the Offer Price (including brokerage, SFC transaction levy and Stock Exchange trading fee). The lock-up period shall last for a duration of six months.

Red Solar Capital Limited is the Sole Sponsor. Red Solar Capital Limited and CMBC Securities Company Limited are the Joint Overall Coordinators, Joint Global Coordinators, Joint Bookrunners, and Joint Lead Managers. CCB International Capital Limited is the Joint Global Coordinators, Joint Bookrunners, and Joint Lead Managers. CMB International Capital Limited, uSMART Securities Limited, Star River Securities Limited, Eddid Securities and Futures Limited, Innovax Securities Limited, and Long Bridge HK Limited are the other Joint Bookrunners and Joint Lead Managers.

– AI Technology Empowers Intelligence Office; Premium Game Strategy Continues
– Product Innovation Drives Strong Growth in Operating Profit

FINANCIAL HIGHLIGHTS

RMB’000	For the year ended 31 December		For the 3 months ended 31 December
	2024	2023	2024	2023
Revenue	10,317,904	8,533,611	2,792,478	2,310,135
– Office software and services	5,121,075	4,556,513	1,501,181	1,285,691
– Online games and others	5,196,829	3,977,098	1,291,297	1,024,444
Gross Profit	8,580,476	7,030,343	2,343,344	1,896,250
Operating Profit	3,646,623	2,226,882	1,106,890	714,794
Profit Attributable to Owners of the Parent	1,551,613	483,457	460,241	205,435
Basic Earnings Per share (RMB)	1.16	0.36	0.35	0.15

HONG KONG, Mar 19, 2025 – (ACN Newswire) – Kingsoft Corporation Limited (“Kingsoft” or the “Company”; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its 2024 annual results and fourth quarter results for the period ended 31 December 2024.

For the year of 2024, the revenue of Kingsoft increased 21% year-on-year to RMB10,317.9 million. Revenue from the office software and services, and online games and others represented 50% and 50% of the Group’s total revenue for the year of 2024, respectively. Gross profit increased 22% year-on-year to RMB8,580.5 million. In 2024, the Group’s operating profit reached 3,646.6 million, a strong year-on-year increase of 64%.

For the fourth quarter of 2024, the Company’s revenue increased 21% year-on-year to RMB2,792.5 million. Revenue from the office software and services, and online games and others represented 54% and 46% of the Group’s total revenue for the fourth quarter of 2024, respectively. Gross profit for the fourth quarter of 2024 increased 24% year-on-year to RMB2,343.3 million. The Group’s gross profit margin increased by two percentage points year-on-year and kept flat quarter-on-quarter to 84%.

Mr. Jun LEI, Chairman of the Company, commented: “Throughout 2024, we remained dedicated to technology empowerment, focused on strengthening our core capabilities, and achieved the milestone of surpassing 10 billion in revenue for the first time. Kingsoft Office Group focuses on the core strategic directions of ‘multiscreen, cloud, content, collaboration, AI’ and continues to increase investment in R&D in the fields of collaboration and AI. This drives product iteration and upgrades through innovation, creating a product system that better meets user needs, effectively enhancing its market competitiveness and industry influence in the intelligent office business. For the online games business, we deeply engage in classic wuxia IP, actively exploring new genres to provide users with diverse gaming experience.”

Mr. Tao ZOU, Chief Executive Officer of the Company, added, “The Group’s overall performance in 2024 was strong, achieving record highs in revenue, profitability, and core operating metrics. In 2024, the total revenue reached RMB10,317.9 million, a year-on-year increase of 21%. Among them, revenue from office software and services business was RMB5,121.1 million, a year-on- year increase of 12%. Revenue from online games and others business was RMB5,196.8 million, a robust year-on-year increase of 31%. In 2024, the Group’s operating profit reached 3,646.6 million, a strong year-on-year increase of 64%, and the operating profit margin increased from 26% in 2023 to 35%.”

BUSINESS REVIEW 

Office Software and Services

In 2024, revenue from the office software and services business increased 12% year-on-year to RMB5,121.1 million. The increase was primarily due to increased revenue from WPS individual and WPS 365 businesses. The increase of WPS individual business was mainly attributed to improved conversion rates, driven by the synergistic development of traditional and AI-powered features. As for the WPS 365 business, the revenue grew notably, since we continuously consolidated customer advantages in central state-owned enterprises, and accelerated penetration into private and local state-owned enterprises. Revenue from the office software and services business for the fourth quarter of 2024 increased 17% year-on-year to RMB1,501.2 million. The year-on-year increase was mainly attributable to WPS 365 and WPS individual businesses of Kingsoft Office Group. The increase of WPS 365 business was primarily due to the increased number of paying enterprises, supported by the enhanced AI and collaboration capabilities as well as the replication of typical industry solutions. The increase of WPS individual business was primarily driven by enriched the membership benefits including wide adoption of AI-powered features, which enhanced user experience and improved conversion rates.

In 2024, Kingsoft Office Group remained committed to a user-centric approach, continuously enhancing product features and services driving dual growth in both user base and monetization capabilities. For WPS domestic individual business, we accelerated the iteration of WPS AI and launched the WPS AI Assistant, empowering users with intelligent office capabilities. AI-powered enhancements were also integrated into WPS Office major components, significantly lowering the barrier to AI adoption. By the end of 2024, the number of daily active devices of WPS PC in the domestic market exceeded 100 million.  In overseas market, we prioritized expansion in high-value regions, leveraged differentiated value-added features to attract users.

For institutional customers, WPS 365 underwent a brand-new upgrade. It includes WPS Office, WPS Teams, and WPS AI Enterprise Edition, successfully integrating document management, collaboration, and AI capabilities to enable a one-stop AI-powered office solution. Additionally, we launched Kingsoft Government Office Model, and released WPS AI Government Edition, offering intelligent solutions for government.

For WPS software business, we advanced software legalization and domestic adoption, empowering government and enterprises in digital transformation. In localization, we strengthened our presence in government and key industries like finance, energy, and telecommunications, assisting clients in building secure, self-sufficient digital offices.

Online Games and others

In 2024, revenue from the online games and others business for the year of 2024 increased 31% year-on-year to RMB5,196.8 million. The significant year-on-year increase was primarily attributed to the strong performance of JX3 Online and anime game Snowbreak: Containment Zone. Revenue from the online games and others business for the fourth quarter of 2024 increased 26% year-on-year to RMB1,291.3 million. The notable year-on-year increase was mainly attributable to the solid performance from JX3 Online, as the launch of JX3 Ultimate  in 2024 further boosted players’ engagement, and the revenue contribution from the anime game Snowbreak: Containment Zone, driven by the continuous content updates.

In 2024, the online games business has achieved outstanding growth, with a record number of new users. JX3 Online achieved integration across platforms, further boosting players’ enthusiasm. The vitality of the JX3 Online IP continued to flourish, with its cultural ecosystem recovered, and has attracted a number of young players. World of Sword Origin, as a classic wuxia inheritance work, continued to operate stably and was deeply loved by players. Meanwhile, progress was also made in anime shooter game, Snowbreak: Containment Zone initially broke into new game genre through product positioning, continuous iteration, and user interaction.

Moving into 2025, we are set to introduce several new titles while continuing to refine our flagship game, JX3 Online. The sci-fi mech game Mecha BREAK, targeting the global market, is set to launch in the first half of the year. This title aims to break into the sci-fi mech genre and establish a new original IP, further enriching our game portfolio. And the Fate of Sword: Zero, the new mobile game from the classic Sword series, will be also released. The in-house developed shooter game Wild Assault, built with Unreal Engine 5, is expected to launch on platforms, including Steam and Epic Games Store in April.

Mr. Jun LEI concluded, “Looking ahead to 2025, we will continue to iterate on our core products and technologies to meet user needs and promote high-quality business development. Kingsoft Office Group will deepen AI adoption in office productivity, strengthen WPS 365’s capabilities, and expand global market reach. Targeting the global market, online games business will continue focusing on prime games, expand into new genres, and strive to create high-quality games that are deeply loved by players. We will adhere to technology empowerment, focus on product and service innovation, and create long-term value for our shareholders.”

About Kingsoft Corporation Limited

Kingsoft (3888.HK) is a leading Chinese software and internet service company listed on the Hong Kong Stock Exchange. It has three main subsidiaries: Kingsoft Office, Seasun Holdings and Kingsoft Shiyou. With the implementation of the “transformation toward mobile internet” strategy, Kingsoft has completed a comprehensive transformation in its overall business and management model. The Company has established a strategic layout with office software and interactive entertainment as its pillars, and cloud services and artificial intelligence as its new starting points. Kingsoft has over 8,000 employees worldwide and holds a significant market share domestically. For more details, please refer to http://www.kingsoft.com.

Kingsoft Investor Relations:
Li Yinan	Tel: (86) 10 6292 7777	Email: ir@kingsoft.com
For further queries, please contact Hill and Knowlton:
Ovina Zhu	Tel: (852) 5933 9083	Email: kingsofthk@hkstrategies.com