Group 1 - The company, Kingsoft Corporation (03888.HK), announced that it will hold a board meeting on March 25, 2026, to review and approve the annual results for the year ending December 31, 2025, and to consider the distribution of a final dividend, if any [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該等內容而引致之任何損失承擔任 何責任。 Kingsoft Corporation Limited 金山軟件有限公司 （股份代號：03888） 董事會會議通知 金山軟件有限公司（「本公司」）董事會（「董事會」）謹此宣佈本公司將於二零二六年三月 二十五日（星期三）召開董事會會議，藉以（其中包括）審議及批准本公司及其附屬公司 截至二零二五年十二月三十一日止年度之末期業績及考慮派發末期股息（如有）。 承董事會命 金山軟件有限公司 主席 雷軍 香港，二零二六年三月九日 於本公告日期，本公司執行董事為鄒濤先生；本公司非執行董事為雷軍先生、求伯君先生和姚磊文先生；本公司 獨立非執行董事為王舜德先生、陳作濤先生和武文潔女士。 （於開曼群島持續經營的有限公司） ...

Core Viewpoint - The sudden maintenance announcement of the popular game "Dust White Zone" has raised concerns about operational issues within the game and its developer, Xishanju, a subsidiary of Kingsoft. This situation contrasts sharply with the success of another Kingsoft game, "Goose Duck Kill," highlighting a mixed performance in the company's gaming business [1][6][10]. Group 1: Game Suspension and Controversy - "Dust White Zone" announced an unexpected server maintenance on March 2, citing vague reasons related to server technology and data volume, without specifying a reopening time [1]. - The game had recently faced controversy over its graphic content, leading to the termination of a planned collaboration with China Post due to public backlash [2][5]. - The game's suspension reflects operational challenges for Xishanju and raises questions about Kingsoft's gaming business transformation [2][6]. Group 2: Financial Performance and Business Structure - Kingsoft's gaming segment has shown a stark contrast in performance, with "Goose Duck Kill" experiencing explosive growth, while "Dust White Zone" faces operational setbacks [6][10]. - Kingsoft's third-quarter report for 2025 indicated a 47% year-on-year decline in revenue from online games, contributing to a 17% overall revenue drop for the company [8][9]. - The gaming business, once a cash cow for Kingsoft, is now under pressure, with the company relying heavily on its office software segment for stability [9][10]. Group 3: Industry Trends and Regulatory Environment - The gaming industry is experiencing tighter regulations, prompting companies to prioritize compliance and self-regulation over aggressive marketing strategies [2][5]. - The mixed performance of Kingsoft's games highlights the challenges of dependency on single products and the need for sustainable competitive advantages in a rapidly changing regulatory landscape [10][11]. - Industry experts suggest that Xishanju may need to refocus on its traditional martial arts genre to stabilize its business following the setbacks in the two-dimensional gaming sector [11].

Core Viewpoint - The forecast for the quarterly performance of Kingsoft Software indicates a potential revenue range of 2.6 to 3.5 billion yuan, with a year-on-year change of -6.9% to +25.5%, and a net profit forecast ranging from -0.09 to 0.708 billion yuan, reflecting a year-on-year change of -102.0% to +53.8% [1][5]. Revenue and Profit Forecast - The predicted revenue range for Kingsoft Software is 26.00 to 35.04 billion yuan, with a year-on-year change of -6.9% to +25.5% [2][6]. - The average revenue forecast is 28.66 billion yuan, with a year-on-year change of -2.6% [2][6]. - The median revenue forecast is 26.81 billion yuan, with a year-on-year change of -4.0% [2][6]. - The predicted net profit range is -0.09 to 7.08 billion yuan, with a year-on-year change of -102.0% to +53.8% [2][6]. Business Segments - Kingsoft Software's WPS Office business is expected to generate 5.121 billion yuan in revenue in 2024, while the gaming business is projected to generate 5.197 billion yuan, maintaining a gross margin above 80% [3][7]. - The global monthly active devices for WPS Office have reached 669 million, with a total of 41.79 million paid users, and B-end WPS365 revenue has increased by 71.61% year-on-year due to AI technology enhancements [3][7]. - The gaming business is currently under pressure, but the company is actively exploring new categories and international markets for growth opportunities [3][7]. Future Projections - Revenue forecasts for Kingsoft Software from 2025 to 2027 are estimated at 10.568 billion, 11.608 billion, and 13.400 billion yuan, with growth rates of +2.43%, +9.83%, and +15.44% respectively [3][7]. - The net profit forecast for 2025-2027 has been adjusted downward, but the company's stock price has seen a corresponding decrease in PE valuation [8].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2026年2月28日 | | | | 狀態: 新提交 | | --- | --- | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | | | 公司名稱: | 金山軟件有限公司 | | | | | | 呈交日期: | 2026年3月4日 | | | | | | I. 法定/註冊股本變動 | | | | | | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 (註1) | 是 | | 證券代號 (如上市) | 03888 | 說明 | 普通股 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,400,000,000 USD | | 0.0005 USD | | 1,200,000 | | 增加 / 減少 (-) | | | | | USD | | | | ...

Core Viewpoint - Kingsoft Software (03888) reported a strong performance for Kingsoft Office (688111.SH) in 2025, with total revenue of approximately 5.929 billion yuan, reflecting a year-on-year growth of 15.78% [1] Group 1: Financial Performance - Net profit attributable to shareholders was approximately 1.843 billion yuan, representing a year-on-year increase of 12.03% [1] - Basic earnings per share stood at 3.98 yuan [1] Group 2: Business Segment Performance - Revenue from WPS personal business reached approximately 3.626 billion yuan, growing by 10.42% year-on-year [1] - WPS 365 business experienced rapid growth, with revenue of approximately 720 million yuan, marking a significant year-on-year increase of 64.93% [1] - Revenue from WPS software business was approximately 1.461 billion yuan, reflecting a year-on-year growth of 15.24% [1] - The number of active users for WPS AI has been growing rapidly, with an increasing proportion of revenue coming from AI-related services [1]

Core Viewpoint - The company, Kingsoft Software (03888.HK), reported steady operational progress and quality improvement for the fiscal year 2025, focusing on AI office solutions and enhancing its product offerings to meet user needs [1] Financial Performance - The company achieved operating revenue of 592.874 million yuan, representing a year-on-year increase of 15.78% [1] - Net profit attributable to the parent company was 1.84 billion yuan, up 12.03% year-on-year [1] - Net profit attributable to the parent company, excluding non-recurring gains and losses, was 1.80769 billion yuan, reflecting a year-on-year growth of 16.15% [1] Business Segments - Revenue from the WPS personal business was approximately 362.6 million yuan, showing a year-on-year increase of 10.42% [1] - The WPS365 business experienced rapid growth, with revenue of about 72 million yuan, marking a significant year-on-year increase of 64.93% [1] - Revenue from WPS software business reached approximately 146.1 million yuan, up 15.24% year-on-year [1] AI Development - The company is deepening its focus on the AI office sector, with upgrades to WPSAI 3.0 and WPS365 products, enhancing the effectiveness of AI applications and product innovation [1] - The rapid growth of monthly active users for WPSAI indicates a rising share of AI-related revenue [1]

Core Viewpoint - Kingsoft Software (03888) reported a solid performance for Kingsoft Office (688111.SH) in 2025, with total revenue of approximately 5.929 billion yuan, reflecting a year-on-year growth of 15.78% [1] Financial Performance - Net profit attributable to the parent company was approximately 1.843 billion yuan, representing a year-on-year increase of 12.03% [1] - Basic earnings per share stood at 3.98 yuan [1] Business Segments - Revenue from WPS personal business reached approximately 3.626 billion yuan, showing a year-on-year growth of 10.42% [1] - WPS AI monthly active users experienced rapid growth, with AI-related revenue continuing to increase as a proportion of total revenue [1] - WPS365 business achieved significant growth, with revenue of approximately 720 million yuan, marking a year-on-year increase of 64.93% [1] - Revenue from WPS software business was approximately 1.461 billion yuan, reflecting a year-on-year growth of 15.24% [1]

Core Viewpoint - Kingsoft Software (03888) reported a strong performance for Kingsoft Office (688111.SH) in its 2025 earnings preview, with total revenue of approximately 5.929 billion yuan, reflecting a year-on-year growth of 15.78% [1] Group 1: Financial Performance - Total revenue reached approximately 5.929 billion yuan, up 15.78% year-on-year [1] - Net profit attributable to shareholders was about 1.843 billion yuan, marking a year-on-year increase of 12.03% [1] - Basic earnings per share stood at 3.98 yuan [1] Group 2: Business Segment Performance - Revenue from WPS personal business was approximately 3.626 billion yuan, showing a year-on-year growth of 10.42% [1] - WPS 365 business experienced rapid growth, with revenue of about 720 million yuan, up 64.93% year-on-year [1] - Revenue from WPS software business was approximately 1.461 billion yuan, reflecting a year-on-year increase of 15.24% [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該等內容而引致之任何損失承擔任 何責任。 北京金山辦公軟件股份有限公司（「金山辦公」）為本公司之附屬公司及其股份於上海證 券交易所科創板上市（股份代碼：688111）。按上海證券交易所之相關規定，金山辦公已 發佈其截至二零二五年十二月三十一日止年度的業績快報公告（「業績快報公告」）於上 海證券交易所網站資訊披露頁面http://star.sse.com.cn/disclosure/announcement/。 Kingsoft Corporation Limited 金山軟件有限公司 （於開曼群島持續經營的有限公司） （股份代號：03888） 內幕消息： 北京金山辦公軟件股份有限公司 截至二零二五年十二月三十一日止年度業績快報 本公告乃由金山軟件有限公司（「本公司」）根據香港聯合交易所有限公司證券上市規則 （「上市規則」）第13.09(2)(a)條及證券及期貨條例（香港法例第571章）第XIVA部內幕消息條 文（定義見上市規則）而作出。 本公司 ...