Kingsoft Corp Ltd Adr

Good day and thank you for standing by. Welcome to the second quarter 2024 Kingsoft Corporation earnings conference call. At this time, all participants are in the listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, Please press star 11 again. Please be advised that today's conference is being recorded. I'd now like to hand the conference over to your first speaker today, Ms. Yinan Li, IR Director of Kingsoft. Please go ahead.

Thank you, operator. Ladies and gentlemen, good evening and good morning. I would like to welcome everyone to our 2024 second quarter and interim Resource Earnings Call. I'm Li Yi Nan, the IR Director of Kingsoft. I would like to start by reminding you that some information provided during the earnings call may include forward-looking statements, which may not be reliable in the future for various reasons. These forward-looking statements are based on our information and information from other sources, which we believe to be reliable. Please refer to the other publicly disclosed documents for detailed discussion on risk factors which may affect our business and operations. Additionally, in today's earnings call, the management will deliver prepared remarks in both Chinese and English. A third-party interpreter will provide a consecutive interpretation into English. During the Q&A session, we will accept questions in both English and Chinese with alternating interpretation provided by the third-party interpreter. On-site translation is solid to facility communication during the conference call. In case of any discrepancies between the original remarks and the translation, the statements made by the management will prevail. Having said that, please allow me to introduce our management team who joined us today. Mr. Zou Tao, our executive director and CEO, and Ms. Li Yi, our acting CFO. Now, I'm turning the call to Mr. Zou.

Hello, everyone. Welcome to the second quarter of Jinshan Software's second quarter and mid-term performance call. This quarter, the Group continues to achieve double growth in revenue and operating profits. Total income to RMB 24.7 billion Comparison growth 13% Repair growth 16% Operating profit to RMB 7.9 billion Comparison growth 18% Repair growth 32% Operating profit rate 32% Comparison increase 1% Repair increase 4% Summary net profit to RMB 3.9 billion yuan, the same as the increase of 588%, the same as the increase of 38%. In the second quarter of Jinshan Office, the income reached RMB 11.9 billion, the same as the increase of 6%, the game and other business income of 12.86 billion yuan, the same as the increase of 20%, the same as the significant increase of 41%.