Kingsoft warns of RMB 1.2 billion loss: what it means for Kingsoft stock

Published on 10/13/2026 at 03:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kingsoft expects RMB 1.0 billion to RMB 1.2 billion in third-quarter losses from funds. For Kingsoft stock, adjusted first-half profit was RMB 581 million.

Key points in brief

Kingsoft expects RMB 1.0 billion to RMB 1.2 billion in third-quarter investment losses.
The company said the losses are mainly non-cash fair-value effects rather than core operating weakness.
First-half 2026 revenue rose 6.00 percent to RMB 4.927 billion, while adjusted net profit fell 13.00 percent.
Kingsoft stock was quoted at HKD 26.40 on HKEX on October 13, 2026, with a HKD 35.8 billion market capitalization.

Kingsoft, KYG5264Y1089, Illustration mit AI erstellt.

Kingsoft Corporation Limited (KYG5264Y1089) warned on October 12, 2026, that investments in Beijing Shunjin and Shenzhen Shunying could produce RMB 1.0 billion to RMB 1.2 billion of pretax losses for the three months ended September 30, 2026. TipRanks reported that Kingsoft expects the losses to come from falling valuations of listed technology investments and described the effect as largely non-cash.

What the loss means for earnings

The warning is concentrated in investment results rather than the main software and gaming operations. Kingsoft also expects RMB 1.3 billion to RMB 1.5 billion of pretax profit from the same funds for the nine months ended September 30, 2026, creating a sharp contrast between the quarterly loss and the year-to-date contribution.

The figures are preliminary and unaudited, with final results expected by the end of November 2026, according to TipRanks. For investors, the key distinction is between reported profit volatility from fair-value changes and the operating trend in the companys core businesses.

Interim results show a mixed mix

In the six months ended June 30, 2026, revenue rose 6.00 percent year over year to RMB 4.927 billion, while office software and services revenue increased 25.00 percent to RMB 3.313 billion. Futubull reported that online games and other revenue fell 19.00 percent to RMB 1.614 billion in the same period.

Profit attributable to owners of the parent rose 101.00 percent to RMB 1.639 billion, but adjusted net profit fell 13.00 percent to RMB 581 million. Gross margin was 79.00 percent, down 2.00 percentage points year over year, showing why the investment warning cannot be assessed separately from the quality of operating earnings.

Stock valuation and next date

Kingsoft was trading at HKD 26.40 on HKEX at 9:29 a.m. HKT on October 13, 2026. The 52-week range was HKD 20.50 to HKD 38.20, placing the quote 30.89 percent below the high, while market capitalization stood at HKD 35.8 billion.

The next substantiated reporting milestone is the release of final third-quarter results by the end of November 2026. That date matters because the October 12 warning is based on preliminary figures and the final investment valuation could change.

Market report link

Kingsofts investment result and operating result now point in different directions, with software growth offset by valuation sensitivity in the investment portfolio. The further course of trading is shown by the continuously updated real-time quote of Kingsoft stock.