Core Viewpoint - The report from Jefferies indicates that Kingsoft Corporation (03888) reported weaker-than-expected revenue and adjusted operating profit for the second quarter, primarily due to underperformance in online gaming, partially offset by the performance of its office software business [1] Group 1: Financial Performance - Kingsoft's second-quarter revenue and adjusted operating profit fell short of expectations [1] - The underperformance in online gaming was a significant factor in the disappointing results [1] Group 2: Business Segments - The management highlighted that the new game "Mecha BREAK" did not meet expectations and may require more time for optimization [1] - In the office software segment, targeted strategies are being implemented to meet user and enterprise needs [1] Group 3: Analyst Rating and Price Target - Jefferies maintains a "Buy" rating for Kingsoft Corporation [1] - Due to the weak gaming performance, Jefferies has lowered the target price from HKD 42.8 to HKD 40 [1]

Core Viewpoint - Jefferies reported that Kingsoft's Q2 revenue and adjusted operating profit fell short of expectations, primarily due to weaker-than-expected performance in online gaming, partially offset by the performance of the office software business [1] Group 1: Financial Performance - Kingsoft's Q2 revenue and adjusted operating profit were below expectations [1] - The underperformance was mainly attributed to the online gaming segment [1] Group 2: Business Segments - The new game "Mecha BREAK" did not meet expectations and may require more time for optimization [1] - The office software segment is implementing targeted strategies to meet user and enterprise needs [1] Group 3: Analyst Rating and Price Target - Jefferies maintains a "Buy" rating for Kingsoft [1] - The target price has been lowered from HKD 42.8 to HKD 40 due to the weaker gaming performance [1]