Kingsoft Corp Ltd Adr

Good day and thank you for standing by. Welcome to Kingstaff Corporation's third quarter 2024 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To answer questions during the session, you will need to press star 1-1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1-1 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. Yilan Li, IR Director of Kingsoft. Please go ahead, Ms. Li.

Thank you, Operator. Ladies and gentlemen, good evening and good morning. I would like to welcome everyone to our 2024 Third Quarter Earnings Call. I'm Yilan Li, 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 relied upon 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 the side, the translation is solid to facilitate 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. Zhou Tao, our executive director and CEO, and Ms. Li Yi, our acting CFO. Now, I'm turning the call to Mr. Zhou.

Hello, everyone. Welcome to the 3rd quarter of this year's software conference. This quarter, thanks to the outstanding performance of XishanJu, the total income and profitability of the group have increased significantly. The total income reached RMB 29.15 billion, which is 42% of the total growth rate, and 18% of the total return rate. Business profits have made new breakthroughs and created a new height in history. to RMB11.4 billion, not only increased by 204%, but also increased by 44%. Among them, JinShan Office earned 12.07 billion, increased by 10%, and decreased by 2%. Game and other businesses earned 17.08 billion, increased by 78%, Hello everyone and thank you all for joining Kingsoft's third quarter 2024 earnings call.