Below are the financial statements of Kingsoft, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of CNY | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 10,317.9a | 8,533.61a | 3,890.59a | 3,264.79a | - |
| Cost of revenue | -1,737.43a | -1,503.27a | 3,746.16a | 3,106.61a | - |
| Gross profit | 8,580.48a | 7,030.34a | -1,459.74a | -1,157.12a | - |
| Research and development costs | -3,045.39a | -2,683.6a | 6,177a | 5,214.29a | - |
| Selling and distribution expenses | -1,345.9a | -1,470.49a | -2,552.75a | -2,328.01a | - |
| Administrative expenses | -634.3a | -661.43a | -1,242.52a | -1,064.95a | - |
| Share-based compensation costs | -275.87a | -313.87a | -618.96a | -570.02a | - |
| Other income | 379.84a | 374.59a | -260.79a | -219.15a | - |
| Other expenses | -12.23a | -48.65a | 395.16a | 391.2a | - |
| Other losses, net | -153.77a | -32.16a | -28.45a | -62.78a | - |
| Finance income | 720.58a | 629.2a | 1,868.68a | 1,360.58a | - |
| Finance costs | -178.66a | -168.89a | -6,499.86a | 842.4a | - |
| Share of profits and losses of | — | — | — | — | — |
| Joint ventures | 10.27a | -19.95a | -157.44a | -142.79a | - |
| Associates | -913.8a | -1,146.23a | -19.63a | -31.67a | - |
| Profit before tax | 3,131.25a | 1,488.85a | -1,362.1a | -1,301.65a | - |
| Income tax expense | -334.16a | -273.66a | -5,721.34a | 1,143.13a | - |
| Profit for the year | 2,797.1a | 1,215.19a | 379.46a | -190.29a | - |
| Attributable to | — | — | — | — | — |
| Owners of the parent | 1,551.61a | 483.46a | 0a | 0a | - |
| Non-controlling interests | 1,245.48a | 731.73a | -5,341.89a | 952.84a | - |
| Office software and services | - | - | -6,049.41a | 395.33a | 2,257.18a |
| Online games and others | - | - | 707.52a | 557.51a | 3,337.07a |
| Cost of revenue | - | - | - | - | -917.28a |
| Gross profit | - | - | - | - | 4,676.96a |
| Research and development costs | - | - | - | - | -1,656.07a |
| Selling and distribution expenses | - | - | - | - | -838.48a |
| Administrative expenses | - | - | - | - | -453.81a |
| Share-based compensation costs | - | - | - | - | -179.37a |
| Other income | - | - | - | - | 310.79a |
| Other expenses | - | - | - | - | -4.89a |
| Operating profit | - | - | - | - | 1,855.13a |
| Other gains/(losses), net | - | - | - | - | 154.74a |
| Finance income | - | - | - | - | 438a |
| Finance costs | - | - | - | - | -107.51a |
| Joint ventures | - | - | - | - | -25.93a |
| Associates | - | - | - | - | -245.07a |
| Profit/(loss) before tax from continuing operations | - | - | - | - | 2,069.36a |
| Income tax credit/(expense) | - | - | - | - | -270.92a |
| Profit/(loss) for the year from continuing operations | - | - | - | - | 1,798.44a |
| Discontinued operation profit/(loss) for the year from a discontinued operation | - | - | - | - | 8,446.5a |
| Profit/(loss) for the year | - | - | - | - | 10,244.94a |
| Owners of the parent | - | - | - | - | 10,045.04a |
| Non-controlling interests | - | - | - | - | 199.9a |
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