Marbridge Daily

<- March 26, 2010 ->

Kingsoft 2009 Net Profit Up 26% YoY

Kingsoft PR, 3/25/10

Chinese application and entertainment software developer Kingsoft (3888.HK) has announced its financial results for 2009, with net revenues up 25% YoY to reach RMB 1.02 bln.

Net income attributable to shareholders was RMB 387.22 mln, up 26% YoY.

Revenues from entertainment software were RMB 684.24 mln, up 24% YoY. Revenues from applications software were RMB 329.19 mln, up 26% YoY. Other revenues reached RMB 8.97 mln in 2009.

Revenues from Mainland China reached RMB 957.42 mln, accounting for 93.6% of total revenues, followed by RMB 53.97 mln in revenues from Japan, accounting for 5.3%, and RMB 11.02 mln from other countries.

Daily average peak concurrent users of the company's massively multiplayer online role-playing games (MMORPGs) reached 1.13 mln, up 10% YoY and 7% QoQ. Monthly average paying users rose to 1.76 mln, up 15% YoY and 14% QoQ. This quarter-over-quarter increase in paying users and daily average peak concurrent users was largely contributed by newly launched JX Online 3 in China and JX Online World in Vietnam. Monthly ARPU for Kingsoft's MMORPGs remained flat YoY and rose 9% QoQ to RMB 38.

Daily average paying users of Kingsoft Internet Security online services reached 8.74 mln, up 4% YoY and 6% QoQ. Monthly ARPU for online services of Kingsoft Internet Security business held flat quarter-over-quarter and increased by RMB 0.2 year-over-year to RMB 2.1. This increase resulted primarily from the increased portion of SMS and bank card subscribers with higher monthly ARPU.

To see Kingsoft's full earnings report, please click here. Click here for a summary press release.

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