北京市建国门北大街 8 号华润大厦 20 层 邮编：100005 电话：(86-10) 8519-1300 传真：(86-10) 8519-1350 junhebj@junhe.com 北京市君合律师事务所 关于 北京金山办公软件股份有限公司 2022 年限制性股票激励计划 首次授予第一类激励对象的第二个归属期相关事项 的 法律意见书 二零二四年四月 关于北京金山办公软件股份有限公司 2022 年限制性股票激励计划 首次授予第一类激励对象的第二个归属期相关事项 的法律意见书 致：北京金山办公软件股份有限公司 北京市君合律师事务所（以下简称"本所"）为在北京市司法局注册设立并 依法执业的律师事务所。 本所受北京金山办公软件股份有限公司（以下简称"公司""上市公司"或 "金山办公"）的委托，担任金山办公 2022 年限制性股票激励计划（以下简称 "本次激励计划"）的专项法律顾问，依据《中华人民共和国公司法》（以下简 称《公司法》）、《中华人民共和国证券法》（以下简称《证券法》）、《上市 公司股权激励管理办法》（以下简称《管理办法》）、《上海证券交易所科创板 股票上市规则》（以下简称《上市规则》）、《科创板上市公司 ...

Revenue and Profit Growth - Revenue for the first quarter of 2024 reached 1,225,297,495.19 yuan, a year-on-year increase of 16.54%[4] - Net profit attributable to shareholders of the listed company was 367,017,201.69 yuan, up 37.31% year-on-year[4] - Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 352,094,578.62 yuan, an increase of 40.56% year-on-year[4] - Revenue for the quarter reached 1,225.3 million yuan, a year-on-year increase of 16.54%[12] - Net profit attributable to the parent company was 367.02 million yuan, up 37.31% year-on-year[12] - Total revenue for Q1 2024 reached 1,225,297,495.19 RMB, a 16.5% increase compared to 1,051,441,001.94 RMB in Q1 2023[19] - Net profit attributable to the parent company increased by 8.96% to 4,460,080,011.39 RMB in Q1 2024 from 4,093,062,809.70 RMB in Q1 2023[18] - Operating income grew by 16.5% to 1,225,297,495.19 RMB in Q1 2024 from 1,051,441,001.94 RMB in Q1 2023[19] - Operating profit for Q1 2024 reached 388.66 million RMB, compared to 281.86 million RMB in the same period last year[20] - Net profit attributable to parent company shareholders was 367.02 million RMB, up from 267.29 million RMB in Q1 2023[20] - Revenue from sales of goods and services reached 1.22 billion RMB, up from 1.03 billion RMB in Q1 2023[22] Earnings Per Share and Cash Flow - Basic earnings per share (EPS) were 0.79 yuan, up 36.21% year-on-year[4] - Diluted earnings per share (EPS) were 0.79 yuan, up 36.21% year-on-year[5] - Net cash flow from operating activities was 153,444,865.17 yuan, a year-on-year increase of 21.99%[4] - Basic and diluted earnings per share for Q1 2024 were 0.79 RMB, compared to 0.58 RMB in the previous year[21] - Cash flow from operating activities increased to 153.44 million RMB, up from 125.79 million RMB in Q1 2023[22] - Cash flow from investing activities showed a net outflow of 1.47 billion RMB, an improvement from the 3.38 billion RMB outflow in the same period last year[23] - Total cash and cash equivalents at the end of Q1 2024 stood at 2.11 billion RMB, compared to 3.75 billion RMB at the end of Q1 2023[23] R&D and Operational Expenses - Total R&D investment was 404,747,538.82 yuan, accounting for 33.03% of revenue, a decrease of 0.75 percentage points year-on-year[5] - R&D expenses rose to 404,747,538.82 RMB in Q1 2024, up 13.9% from 355,216,409.25 RMB in Q1 2023[19] - Payments for goods and services increased to 238.73 million RMB, compared to 180.65 million RMB in the previous year[22] - Employee compensation and benefits payments rose to 729.34 million RMB, up from 663.37 million RMB in Q1 2023[22] - Tax payments increased to 123.56 million RMB, compared to 103.13 million RMB in the same period last year[22] Assets and Liabilities - Total assets at the end of the reporting period were 14,084,304,390.86 yuan, an increase of 0.79% compared to the end of the previous year[5] - Equity attributable to shareholders of the listed company was 10,337,150,408.81 yuan, an increase of 3.90% compared to the end of the previous year[5] - Total assets grew to 14,084,304,390.86 RMB as of March 31, 2024, compared to 13,974,021,307.95 RMB at the end of 2023[18] - Total equity attributable to the parent company increased to 10,337,150,408.81 RMB as of March 31, 2024, up 3.9% from 9,948,797,727.75 RMB at the end of 2023[18] - Total liabilities decreased to 3,677,970,244.69 RMB as of March 31, 2024, down 7% from 3,954,415,069.13 RMB at the end of 2023[18] - Cash and cash equivalents decreased to 2,111,399,370.51 RMB as of March 31, 2024, down 39.3% from 3,478,159,254.52 RMB at the end of 2023[16] - Contract liabilities stood at 1,822,708,169.79 RMB as of March 31, 2024, a 3.7% decrease from 1,891,874,143.93 RMB at the end of 2023[17] - Accounts receivable decreased slightly to 552,990,667.46 RMB as of March 31, 2024, compared to 566,940,348.12 RMB at the end of 2023[16] Shareholder and Equity Information - Kingsoft WPS Corporation Limited holds 238,387,351 shares, representing a significant portion of the company's equity[10] - The top 10 shareholders collectively hold a substantial portion of the company's shares, with significant changes in shareholding due to margin trading and securities lending activities[11] - The weighted average return on equity (ROE) was 3.62%, an increase of 0.61 percentage points year-on-year[5] Product and Market Performance - Monthly active devices for the main products reached 602 million, a 2.21% increase compared to the same period last year[13] - WPS Office PC version monthly active devices reached 270 million, a 7.14% year-on-year increase[13] - Domestic personal office service subscription revenue was 734.46 million yuan, up 24.80% year-on-year[13] - Domestic institutional subscription and service revenue was 242.14 million yuan, a 13.57% increase year-on-year[13] - Domestic institutional licensing revenue was 193.94 million yuan, up 6.31% year-on-year[13] - International and other business revenue was 54.72 million yuan, a decrease of 18.44% year-on-year[13]

北京金山办公软件股份有限公司 2024 年限制性股票激励计划实施考核管理办法 为了进一步建立、健全公司长效激励机制，吸引和留住优秀人才，充分调动 公司核心团队的积极性，有效地将股东利益、公司利益和核心团队个人利益结合 在一起，使各方共同关注和推动公司的长远发展，确保公司发展战略和经营目标 的实现。在充分保障股东利益的前提下，按照激励与约束对等的原则，公司拟实 施 2024 年限制性股票激励计划（以下简称"股权激励计划"或"限制性股票激 励计划"）。 为保证股权激励计划的顺利实施，现根据《中华人民共和国公司法》《中华 人民共和国证券法》《上市公司股权激励管理办法》《上海证券交易所科创板股票 上市规则》《科创板上市公司自律监管指南第 4 号——股权激励信息披露》《香港 联合交易所有限公司证券上市规则》等有关法律、法规、规范性文件以及《公司 章程》、公司 2024 年限制性股票激励计划的相关规定，并结合公司的实际情况， 特制定《北京金山办公软件股份有限公司 2024 年限制性股票激励计划实施考核 管理办法》（以下简称"本办法"）。 一、考核目的 进一步建立和完善公司激励约束机制，保证股权激励计划的顺利实施，并在 最 ...

据北京金山办公软件股份有限公司（以下简称"公司"）2021年年度股东大 会的授权，公司于2024年4月23日召开第三届董事会第十七次会议审议通过了《关 于作废处理2022年限制性股票激励计划部分已获授尚未归属限制性股票的议案》， 现将相关事项说明如下： 北京金山办公软件股份有限公司 关于作废处理2022年限制性股票激励计划部分已获授尚未 归属限制性股票的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 证券代码：688111 证券简称：金山办公 公告编号：2024-027 一、股权激励计划已履行的相关审批程序 1、2022 年 3 月 23 日，公司召开第二届董事会第二十二次会议，审议通过 了《关于公司<2022 年限制性股票激励计划（草案）>及其摘要的议案》《关于 公司<2022 年限制性股票激励计划实施考核管理办法>的议案》及《关于提请股 东大会授权董事会办理 2022 年限制性股票激励计划相关事宜的议案》等议案。 公司独立董事就本次激励计划相关议案发表了独立意见。 3、2022 年 3 月 28 日至 2022 年 ...

证券代码：688111 证券简称：金山办公 公告编号：2024-024 北京金山办公软件股份有限公司 第三届监事会第十五次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、 监事会会议召开情况 北京金山办公软件股份有限公司（以下简称"公司"）第三届监事会第十五次 会议通知于 2024 年 4 月 18 日以邮件方式发出送达全体监事，会议于 2024 年 4 月 23 日以现场会议结合通讯表决方式召开。本次会议应参加表决监事 3 人，实 际参加表决监事 3 人。本次会议的召集、召开和表决情况符合法律、行政法规、 部门规章、规范性文件以及《北京金山办公软件股份有限公司章程》（以下简称 "《公司章程》"）、《北京金山办公软件股份有限公司监事会议事规则》的相关 规定。 二、 监事会会议审议情况 （一）审议通过《关于公司 2024 年第一季度报告的议案》 具体内容详见同日刊载于上海证券交易所网站（www.sse.com.cn）的《金山 办公 2024 年第一季度报告》。 表决情况：3 票同意；0 票反对；0 票弃权。 （ ...

北京金山办公软件股份有限公司 监事会关于 2022 年限制性股票激励计划首次授予部分第一 类激励对象第二个归属期归属名单的核查意见 北京金山办公软件股份有限公司（以下简称"公司"）监事会依据《中华人 民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以 下简称"《证券法》"）、《上市公司股权激励管理办法》（以下简称"《管理 办法》"）、《上海证券交易所科创板股票上市规则》（以下简称"《上市规则》"）、 《科创板上市公司自律监管指南第 4 号——股权激励信息披露》等相关法律、法 规及规范性文件和《北京金山办公软件股份有限公司章程》（以下简称"《公司 章程》"）的有关规定，对公司 2022 年限制性股票激励计划首次授予部分第一 类激励对象第二个归属期符合归属条件的激励对象名单进行审核，发表核查意见 如下： 经核查，2022 年限制性股票激励计划首次授予部分第一类激励对象中 5 名 激励对象离职，不符合归属条件，5 名激励对象第二个归属期个人绩效考核结果 为未达标，本次拟归属的其余 104 名激励对象绩效考核结果合规、真实，不存在 虚假、故意隐瞒等相关情况，符合《公司法》、《证券法》等法律、法规 ...

上海荣正企业咨询服务（集团）股份有限公司 关于 北京金山办公软件股份有限公司 2024 年限制性股票激励计划（草案） 之 证券简称：金山办公 证券代码：688111 独立财务顾问报告 | 一、释义 3 | | --- | | 二、声明 4 | | 三、基本假设 5 | | 四、本次限制性股票激励计划的主要内容 6 | | （一）激励对象的范围及分配情况 6 | | （二）激励方式、来源及数量 7 | | （三）限制性股票的有效期、授予日、归属安排及禁售期 8 | | （四）限制性股票的授予与归属条件 11 | | （五）限制性股票授予价格和授予价格的确定方法 15 | | （六）激励计划其他内容 16 | | 五、独立财务顾问意见 17 | | （一）对限制性股票激励计划是否符合政策法规规定的核查意见 17 | | （二）对公司实行股权激励计划可行性的核查意见 18 | | （三）对激励对象范围和资格的核查意见 18 | | （四）对股权激励计划权益授出额度的核查意见 19 | | （五）对上市公司是否为激励对象提供任何形式的财务资助的核查意见 19 | | （六）对股权激励计划授予价格定价方式和定价方法合理 ...

公司报告 | 年报点评报告 金山办公（688111） 证券研究报告 2024年04月 14日 投资评级 B/C 端双订阅维持高增长，AI 商业化正式开启 行业 计算机/软件开发 6个月评级 买入（维持评级） 当前价格 295.99元 公司发布 2023 年年报，个人订阅与机构订阅保持双高增，合同负债增长 超预期，信创业务仍待翻转 目标价格 元 2023年，金山办公国内个人办公服务订阅业务收入为26.53亿元，同比增 基本数据 长29.42%，国内机构订阅及服务业务收入9.57 亿元，同比增长 38.36%， A股总股本(百万股) 461.82 保持了高速渗透态势，机构授权领域，公司实现收入6.55亿元，同比下降 21.6%。截止23年底，公司合同负债为18.92亿元（同比+9.28%），其它非 流通A股股本(百万股) 461.82 流动负债6.13亿元（同比+93.09%）。 A股总市值(百万元) 136,693.29 流通A股市值(百万元) 136,693.29 用户数来看，截至2023年底，公司主要产品月活为5.98亿，同比增长4.36%， 每股净资产(元) 21.55 其中PC 版月活2.65亿，同比增 ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 321.20 CNY based on DCF valuation [2][4][6]. Core Views - The launch of WPS 365 provides a comprehensive AI office platform aimed at enhancing productivity for enterprises. It includes WPS Office suite, WPS AI Enterprise Edition, and WPS Collaboration, all upgraded for enterprise use [1]. - The AI capabilities of WPS 365 are expected to significantly improve new quality productivity in enterprises, leveraging generative AI to transform work methods and enhance efficiency across various industries [1]. - The company's performance in 2023 shows steady growth, with revenue reaching 4.556 billion CNY (+17.27%) and net profit of 1.318 billion CNY (+17.92%). The B-end subscription service revenue grew by 38.36% to 957 million CNY [1]. Financial Summary - Revenue (in million CNY): 2022A: 3,885, 2023A: 4,556, 2024E: 5,534, 2025E: 6,698, 2026E: 8,011 [3][12]. - Net profit (in million CNY): 2022A: 1,118, 2023A: 1,318, 2024E: 1,626, 2025E: 2,089, 2026E: 2,639 [3][12]. - Earnings per share (in CNY): 2022A: 2.42, 2023A: 2.85, 2024E: 3.52, 2025E: 4.52, 2026E: 5.71 [3][12]. - Gross margin: 2022A: 85.0%, 2023A: 85.3%, 2024E: 85.6%, 2025E: 85.7%, 2026E: 85.9% [3][12]. - Net margin: 2022A: 28.8%, 2023A: 28.9%, 2024E: 29.4%, 2025E: 31.2%, 2026E: 32.9% [3][12].

Investment Rating - The investment rating for the company is not explicitly stated in the provided content, but it suggests maintaining attention due to the company's market position and AI developments [3]. Core Viewpoints - The company launched WPS 365, a new productivity platform that integrates WPS Office, WPS AI Enterprise Edition, and WPS Collaboration, focusing on enhancing productivity through AI and collaboration tools [1][2]. - The company anticipates significant revenue growth, with projected revenues of 57.00 billion, 73.74 billion, and 97.66 billion yuan for 2024, 2025, and 2026, respectively, reflecting year-on-year growth rates of 25.11%, 29.37%, and 32.43% [3][4]. - The net profit forecast for the same period is 16.09 billion, 20.61 billion, and 27.37 billion yuan, with corresponding growth rates of 22.13%, 28.05%, and 32.80% [3][4]. Financial Data and Valuation - Revenue for 2022 was 3,885 million yuan, increasing to 4,556 million yuan in 2023, with projections of 5,700 million yuan in 2024, 7,374 million yuan in 2025, and 9,766 million yuan in 2026 [4]. - The company's EBITDA is expected to grow from 1,316 million yuan in 2022 to 3,011 million yuan by 2026 [4]. - The earnings per share (EPS) are projected to rise from 2.42 yuan in 2022 to 5.93 yuan in 2026, indicating a compound annual growth rate (CAGR) of 27.66% over three years [3][4]. Product and Service Developments - The WPS Office upgrade includes enhancements in document collaboration, intelligent spreadsheets, and AI functionalities, aiming to improve office efficiency [1]. - The WPS AI Enterprise Edition introduces products like AI Hub, AI Docs, and Copilot Pro, which leverage large models for data analysis and automation in office tasks [1][2]. - The WPS Collaboration platform integrates various tools such as messaging, meetings, email, calendar, and cloud storage to enhance collaborative efficiency [2].