Kingsoft Corporation (03888.HK) Popular Stock Analysis (January 1, 2026)

January 1, 2026 was a Hong Kong public holiday, and the securities market was closed, so there was no real-time trading data. Price and volume information in the report are all from the previous trading day (December 31, 2025).

1. Stock Overview
   
   Kingsoft Corporation (03888.HK) is a technology company with businesses covering WPS Office software and game development (PC and mobile games) [1]. As of December 31, 2025, the stock closed at HK$28.26 [1].

2. Popular Catalysts
   
   The company’s game ‘Xiayin Pavilion’ launched a major update in December 2025, including the new area ‘Roaring Desert’ and holiday events, attracting attention from players and investors [2]. As a technology company with dual core businesses (office software and games), its layout in the technology and entertainment sectors has also increased market attention.

3. Price and Volume Analysis

• Day (December 31, 2025) range: HK$28.08-HK$28.58, volume: 2,898,205 shares [1];
• 52-week range: HK$27.24-HK$47.50 [1];
• Annual performance: The stock price fell 15.5% in 2025, underperforming the Hang Seng Tech Index’s 23.5% gain [3].

4. Market Sentiment

• Valuation: Current P/E ratio is 21.09x, which is in a reasonable range [1];
• Investor attention: The game business update and the continuous popularity of WPS Office have raised expectations for future performance growth;
• Sector linkage: As an important company in the technology and game sectors, its trend is affected by the overall industry sentiment.

• Contrast between short-term and long-term performance: The 15.5% drop in stock price in 2025 contrasts with the current short-term popularity brought by the game update, which may imply that the short-term price may react after the market resumes trading;
• Double-edged sword of dual core businesses: The diversified layout of WPS Office and game businesses provides risk diversification, but also exposes it to competitive pressures from both the software and game industries.

1. Risks

• Changes in game industry policies and intensified market competition may affect game business performance;
• WPS Office faces competitive pressure from international giants (such as Microsoft Office);
• Need to pay attention to whether future performance growth can support the current valuation.

2. Opportunities

• Increased user engagement from game updates may drive game business revenue growth;
• Potential for market share expansion of WPS Office.

• Stock code: 03888.HK
• Previous trading day closing price: HK$28.26 [1]
• 52-week support level: HK$27.24, resistance level: HK$47.50 [1]
• Main catalyst: December 2025 update of the game ‘Xiayin Pavilion’ [2]
• Core businesses: WPS Office software and game development