Kingsoft Office Software earned RMB 879 mln net profit in 2020, with 119.56% YoY increase

The net profit attributable to owners of the parent company was 879 million yuan, a year-on-year increase of 119.56%

On February 23, Kingsoft Office Software announced that the company achieved total revenue of 22.61 yuan in 2020, a year-on-year increase of 43.14%, and net profit of 879 million yuan, a year-on-year increase of 119.56%.

The net profit attributable to owners of the parent company was 879 million yuan, a year-on-year increase of 119.56%; the net profit attributable to the owners of the parent company was 619 million yuan, a year-on-year increase of 96.79%.

During the reporting period, the company provided high-quality cloud collaboration and cloud office application services to more enterprises and individual users.

During the period, its licensing business for institutions achieved rapid growth.

With more enterprise-level cloudification needs, the volume of institutional subscription services has increased.

With more in-depth use of mobile office and cloud collaborative office, in order to optimize the user experience, the company reduced the amount of traditional internet advertising, which in turn drove the personal subscription business to continue to maintain a high growth rate and brought substantial growth.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2021/02/24/kingsoft-office-software-earned-rmb-879-mln-net-profit-in-2020-with-119-56-yoy-increase/.

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Comments(1)

  • Michael
    Michael 2021-02-24 00:58

    Good article.