CompanyGraph
Kingsoft Corporation Limited
3888 · HKEX · Hong Kong
Price data from its 3K1 listing on XSTU, quoted in EUR
kingsoft.comFinancials as of FY2025
Designs, builds and operates its own software, from office productivity to cloud storage to online games, earning from the individual and business users of each rather than from one product line.
- Depends onUpstream position: supplies 5 industries, depends on 1
- ScaleMarket cap is $5.06B, above the global median of $1.18B
- FinancialsAltman Z-Score 4.72: safe zone
- Interpretations3 currently firing — 3
What this company is and how it runs — written from structure, not news.
This system centers on designing and building software internally, then making it available directly to a broad, mixed base of individual and enterprise users, rather than moving or transforming physical goods through a supply chain. Separately, CompanyGraph's mapping of industry relationships places it upstream of a wider set of industries that draw on what it produces than the set of industries it depends on for its own inputs.
Revenue comes from several distinct product lines built and sold separately: productivity software marketed as a lower-cost alternative to established office suites, internet-based cloud storage services, and online games, each reaching a different mix of individual and business customers. Earnings across these combined lines have generally been positive over the years on record, though not every year in that stretch was profitable.
CompanyGraph reads this kind of business, one whose product is software built by specialized teams, as scaling mainly by distributing what a relatively small group of skilled people build to a much larger base of users, rather than by growing headcount or physical assets in proportion. Consistent with that reading, its recent financial pattern shows an elevated cash-flow margin alongside a cash-heavy, low-leverage balance sheet, suggesting that whatever growth occurs has been funded more from its own generated cash than from borrowing.
CompanyGraph's mapping of industry relationships places this company on the upstream side of its sector, drawing on inputs from a narrow band of other industries compared with the wider set of industries that in turn draw on what it produces. The specific suppliers or inputs behind that dependency are not identified in what CompanyGraph currently holds.
The same mapping shows this company supplying a broader set of downstream industries than the set of industries it depends on for its own inputs, positioning it closer to the source of its sector than to the end of it. CompanyGraph does not hold named customers or customer-concentration information for this company beyond that industry-level relationship.
CompanyGraph places this company within a meaningful-sized group of businesses built the same way, organized around specialized expertise rather than physical production, not in a structurally rare or unique position. Belonging to a group of that size means CompanyGraph's current data cannot say whether any part of what this company does is difficult for others to reproduce.
CompanyGraph reads businesses organized around specialized expertise as limited chiefly by how much of that expertise they can attract, retain and effectively put to use, since the people themselves, not physical capacity, set the ceiling on what the business can produce. This is the general category this company is placed in, rather than a limit CompanyGraph has separately measured for it.
CompanyGraph reads businesses organized around specialized expertise as sitting under a particular external pressure: competition from other employers for the same scarce, skilled people the business depends on to build and maintain its products. This is the general pattern CompanyGraph applies to this category of business, not a pressure separately confirmed for this specific company.
Read from figures CompanyGraph recomputed from this company's statements and from its structural position. Written September 2026. A question with no evidence behind it is left out rather than answered.
Sign in to view price data.
Sign inWhat the company actually pays, and whether its own cash supports it.
The reported statements, read against the company's own industry.
3 interpretations currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsIs this company financially stable?
Cash Elevated Relative to Current Liabilities and Total Assets
Its cash covers more of its near-term bills than in its industry, and is a large share of everything it owns.
Liquidity Ratios Elevated
It can cover near-term bills from cash alone, not just from inventory.
Low-Leverage Liquidity Configuration
Cash on hand covers most or all of its debt, and its equity share of assets is high for its industry.
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Financial Health
Supply Chain
Scale
Companies that share the same coordination system — how they create, deliver, or capture value.
Companies that share active interpretations — structural patterns currently present in both stocks.