KINGSOFT(HK:03888) Guo Ji Jin Rong Bao·2025-12-01 12:04Core Viewpoint - The resignation of CEO Guo Weiwei from Xishanju is attributed to personal career planning, amidst declining performance in Kingsoft's Q3 financial results, particularly in the gaming sector [1][3]. Group 1: Leadership Changes - Guo Weiwei has resigned as CEO of Xishanju but will continue as Chief Producer, while Zou Tao, CEO of Kingsoft, will serve as acting CEO of Xishanju [1]. - Guo Weiwei has been a key figure in the development of the game "Jian Xia Qing Yuan Online" since joining Xishanju in 2004, holding various positions before becoming CEO in 2016 [1]. Group 2: Financial Performance - Kingsoft's Q3 total revenue was 2.419 billion yuan, a year-on-year decrease of 17%, with net profit dropping by 48% to 213 million yuan [3]. - The gaming segment saw a significant revenue decline of 47% to 898 million yuan, accounting for 37% of total revenue [3]. Group 3: Game Performance - The performance of "Jian Xia Qing Yuan Online" has been declining as it enters its 16th year, with both revenue and popularity decreasing [5]. - The newly developed sci-fi mech game "Jie Xian Ji" has underperformed since its launch, with peak online players dropping from 132,800 to below 4,000 within months [5][6]. - Player feedback indicates dissatisfaction with "Jie Xian Ji," citing issues such as poor design, weak narrative, and balance problems in gameplay [6].