在网络游戏业务中，旗舰游戏《剑网3》是一款运营超16年的3D武侠MMORPG（大型多人在线角色扮演）游戏，于2009年8月正式公测，由金山软件旗下西 山居工作室开发。不过，面对"开放世界""竞技网游" 等新兴品类的冲击，MMO赛道用户整体收缩，加之多年积累的剧情与玩法体系较复杂，让不少新玩家 望而却步。 | 財務 摘 要 | | | | | --- | --- | --- | --- | | | | 截至下列日期止三個月 | | | | 二零二五年 | 二零二四年 | 二零二五年 | | | 九月三十日 | 九月三十日 | 六月三十日 | | | 人民幣千元 | 人民幣千元 | 人民幣千元 | | | (未經審計) | (未經審計) | (未經審計) | | 收益 | 2,419,177 | 2.914.785 | 2.307.412 | | 營運溢利 | 276.827 | 1,144,118 | 382.658 | | 母公司擁有人 | | | | | 應佔流利 | 213,057 | 413.449 | 532.440 | | | 人民幣元 | 人民幣元 | 人民幣元 | | | (未經審計) | (未 ...

Kingsoft (SEHK:03888) Q3 2025 Earnings Call November 19, 2025 06:00 AM ET Company ParticipantsTao Zou - Acting CEOYinan Li - Ir DirectorNone - TranslatorYi Li - Acting CFOConference Call ParticipantsXiaodan Zhang - AnalystWenting Yu - Equity Research AnalystYang Lin - AnalystNone - AnalystOperatorGood day, and thank you for standing by. Welcome to Kingsoft Corporation's third quarter 2025 earnings conference call. At this time, all participants are in the listen-only mode. After the speaker's presentation, ...

Kingsoft (SEHK:03888) Q3 2025 Earnings Call November 19, 2025 06:00 AM ET Company ParticipantsTao Zou - Acting CEOYinan Li - Ir DirectorNone - TranslatorYi Li - Acting CFOConference Call ParticipantsXiaodan Zhang - AnalystWenting Yu - Equity Research AnalystYang Lin - AnalystNone - AnalystOperatorGood day, and thank you for standing by. Welcome to Kingsoft Corporation's third quarter 2025 earnings conference call. At this time, all participants are in the listen-only mode. After the speaker's presentation, ...

Kingsoft (SEHK:03888) Q3 2025 Earnings Call November 19, 2025 06:00 AM ET Speaker5Good day, and thank you for standing by. Welcome to Kingsoft Corporation's third quarter 2025 earnings conference call. At this time, all participants are in the listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw y ...

11月19日，金山软件第三季度财报显示，第三季度营收24.2亿元人民币，同比下降17%；第三季度净利 润2.131亿元人民币，同比下降48%。 ...

金山软件首席执行官邹涛先生表示："第三季度，集团总收益人民币24.19亿元，同比下降17%，环比增 长5%。办公软件及服务业务表现稳健，得益于WPS软件业务的显著增长、WPS 365业务的快速增长及 WPS个人业务的稳健增长。网络游戏及其他业务下滑，主要由于若干现有游戏的收益贡献减少。新上 线游戏处于发展初期，仍在逐步建立市场影响力。 在办公软件及服务业务中，WPS个人业务通过AI新产品落地推广及海内外市场精细化运营，带动WPS AI月活、付费用户数及用户价值稳步提升。对于WPS 365业务，我们不断完善协作与AI条线产品，民营 企业及地方国企客户覆盖进展卓有成效，产品力和行业影响力持续提升。对于WPS软件业务，信创招 标进度加速。政务AI产品持续迭代，目前已在中央及地方党政机关落地推广，为信创客户数智化转型 保驾护航。 在网络游戏业务中，旗舰游戏《剑网3》于八月迎来十六周年，并于十月推出年度资料片，引入创新玩 法。二次元游戏《尘白禁区》依托长线内容更新与用户运营，稳固核心用户群体。科幻机甲游戏《解限 机》上线后持续调优玩法和运营模式，提升玩家体验。两款国际化IP游戏《鹅鸭杀》和《愤怒的小鸟》 预计在未来季度 ...

11月18日，扎根武汉光谷的金山软件，举办八周年庆典暨"青春不散场 八载序新章"主题音乐节。金山 集团、金山办公、金山云、金山世游数百名年轻员工参与，更邀请了来自武汉大学、华中科技大学、武 汉理工大学、中国地质大学高校的学子。这不仅是年轻金山人的一次欢聚，更是金山软件坚定执行董事 长雷军提出的"万人研发中心"战略，并取得阶段性成果的生动注脚。 自布局武汉以来，金山武汉研发中心便肩负着重要的战略使命。它是完善金山在华中地区人才与技术布 局的关键一环，与北京、珠海共同构成了"三驾马车"并行的全国研发人才体系。 经过八年的深耕，武汉总部完成了从"落地扎根"到"成长绽放"的时代跨越。今年8月，武汉金山软件园 盛大开园，园区配备智能办公设施和餐饮住宿配套。团队规模实现了从几百人到近四千人的跨越，金山 办公、金山云等核心产品的研发工程师汇聚于此，取得了一系列技术专利与荣誉，成为集团技术版图中 不可或缺的力量。 成果的背后是金山"技术立业，汇聚英才"的理念。八年来，金山与武汉大学、华中科技大学、武汉理工 大学、中国地质大学等知名学府建立了深度合作，通过高效训练营、专项招聘等形式，构建了强大的人 才"引力场"，形成了引才、育 ...

Core Insights - Kingsoft Software (03888) reported Q3 2025 earnings with total revenue of approximately RMB 2.419 billion, a year-on-year decrease of 17% but a quarter-on-quarter increase of 5% [1] - Operating profit was around RMB 277 million, down 76% year-on-year and down 28% quarter-on-quarter [1] - Net profit attributable to shareholders was approximately RMB 213 million, a decrease of 48% year-on-year and a decrease of 60% quarter-on-quarter, with basic earnings per share of RMB 0.15 [1] Business Performance - The company focused on its core business, emphasizing AI, collaboration, and internationalization as strategic priorities [1] - The office software and services segment showed stable performance, driven by significant growth in WPS software, rapid growth in WPS 365, and steady growth in WPS personal business [2] - The gaming and other businesses experienced a decline due to reduced revenue contributions from existing games, while newly launched games are still in the early stages of market establishment [1][2] Office Software and Services - WPS personal business benefited from the rollout of new AI products and refined operations in domestic and international markets, leading to steady increases in monthly active users, paid users, and user value [2] - WPS 365 business is continuously improving collaboration and AI product lines, with effective coverage of private enterprises and local state-owned enterprises [2] - Government AI products are being iterated and have been promoted in central and local government agencies, supporting the digital transformation of clients [2] Gaming Business - The flagship game "Jian Wang 3" celebrated its 16th anniversary in August and launched an annual expansion pack in October, introducing innovative gameplay [2] - The anime game "Chen Bai Jin Qu" is maintaining its core user base through long-term content updates and user operations [2] - The sci-fi mech game "Jie Xian Ji" continues to optimize gameplay and operational models post-launch to enhance player experience [2] - Two international IP games, "Goose Goose Duck" and "Angry Birds," are expected to launch in the domestic market in upcoming quarters [2] Future Outlook - Kingsoft Software plans to continue focusing on its core strategy of AI, collaboration, and internationalization, leveraging its core product matrix to meet the needs of individual users and large enterprises [2] - The gaming business will concentrate on developing high-quality content and global distribution, enhancing the longevity of classic IPs, and promoting the growth of new categories for sustainable development [2]

Core Insights - The company reported a total revenue of RMB 2.42 billion for Q3 2025, representing a year-on-year decline of 17% but a quarter-on-quarter increase of 5% [1] - The office software and services segment generated revenue of RMB 1.52 billion, showing a year-on-year growth of 26% and a quarter-on-quarter growth of 12% [1] - The gaming and other businesses generated revenue of RMB 900 million, reflecting a year-on-year decline of 47% and a quarter-on-quarter decline of 6% [1] - The net profit attributable to the parent company was RMB 210 million, down 48% year-on-year [1] Office Software and Services - Growth in the office software and services segment was driven by the performance of WPS software, WPS 365, and personal business [1] - The strong growth of WPS software was primarily due to the boost from Xinchuang orders [1] - The rapid growth of WPS 365 was attributed to continuous improvements in collaboration and AI products, as well as effective expansion among private enterprises and local state-owned enterprises [1] - The steady growth in personal business was supported by the rollout of new AI products and refined operations, leading to an increase in paying users [1] - As of September 2025, the global monthly active devices for WPS Office reached 669 million, a year-on-year increase of 9% [1] Gaming and Other Businesses - The revenue decline in the gaming and other businesses was mainly due to a drop in earnings from several existing games, partially offset by contributions from newly launched games [1] Strategic Focus - The company will continue to focus on its core strategy of "AI, collaboration, and internationalization," leveraging its core product matrix to cover full-scenario needs from individuals to enterprises [2] - In the gaming sector, the company aims to concentrate on developing high-quality content and global distribution to promote the growth of new categories and sustainable development [2]

公司将持续围绕「AI、协作、国际化」核心战略，依托核心产品矩阵覆盖个人到企业的全场景需求。 网络游戏业务方面，将聚焦精品内容开发与全球化发行，推动新品类成长和可持续发展。 相关事件 金山软件(03888.HK)第三季度达营收24.2亿元 办公软件及服务业务收入同比增长26% 金山软件 (03888.HK)拟11月19日召开董事会会议审批季度业绩 格隆汇11月19日丨金山软件(03888.HK)公布，2025年第三季度，公司总收入为人民币24.2亿元，同比下 降17%，环比增长5%。其中办公软件及服务业务收入达人民币15.2亿元，同比增长26%，环比增长 12%；网络游戏及其他业务收入为人民币9亿元，同比下降47%，环比下降6%。母公司拥有人应占溢利 为人民币2.1亿元，同比下降48%。 办公软件及服务业务增长主要是由于金山办公集团的WPS软件、WPS 365及WPS个人业务的增长。WPS 软件业务的强劲增长主要受益于信创订单的推动。WPS 365业务的高速增长主要由于公司不断完善协作 与AI产品，民营企业及地方国企客户拓展卓有成效。WPS个人业务的稳健增长主要由于公司通过AI新 产品落地推广及精细化运营，带动 ...