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 法律意见书 二零二五年四月 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 2025 年限制性股票激励计划（草案）的 法律意见书 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 2025 年限制性股票激励计划（草案） 的 为出具本法律意见书，本所律师就本次激励计划涉及的相关事实情况，包括 实施本次激励计划的主体资格、本次激励计划内容的合法合规性、实施本次激励 计划所需履行的法定程序、本次激励计划激励对象的确定、本次激励计划的信息 披露、公司是否为激励对象提供财务资助、本次激励计划对公司及全体股东利益 的影响、关联董事回避表决等进行了尽职调查，并就有关事项向有关人员作了询 问并进行了必要的讨论。 为了确保法律意见书相关结论的真实性和准确性，本所律师已经对与出具本 法律意见书有关的文件资料进行了审查，并依赖于金山办公的如下保证：金山办 公已向本所提供了出具本法律意见书所必需的和真实的原始书面材料、副本材 料、复印 ...

的 北京市建国⻔北大街 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 2023 年限制性股票激励计划 首次授予第二个归属期相关事项 法律意见书 二零二五年四月 关于北京金山办公软件股份有限公司 2023 年限制性股票激励计划首次授予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 2023 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》）、《科创板上市公司自律监管指南第 4 号——股权激励 ...

北京金山办公软件股份有限公司 2025 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 2025 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 2025 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 2025 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 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,301,469,310.66, representing a year-on-year increase of 6.22% compared to CNY 1,225,297,495.19 in the same period last year[4] - Net profit attributable to shareholders was CNY 402,807,538.27, reflecting a 9.75% increase from CNY 367,017,201.69 year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 389,837,879.31, up 10.72% from CNY 352,094,578.62 in the previous year[4] - The basic and diluted earnings per share were both CNY 0.87, an increase of 10.13% from CNY 0.79 in the same period last year[4] - Net profit for Q1 2025 was ¥394,378,539.67, compared to ¥365,392,427.98 in Q1 2024, representing an increase of 7.9%[21] - Earnings per share for Q1 2025 were ¥0.87, up from ¥0.79 in Q1 2024, indicating a growth of 10.1%[21] Research and Development - Research and development expenses totaled CNY 470,204,318.24, which is 36.13% of operating revenue, an increase of 3.10 percentage points from 33.03%[5] - Research and development expenses for Q1 2025 amounted to ¥470,204,318.24, compared to ¥404,747,538.82 in Q1 2024, marking an increase of 16.1%[20] Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 77.05%, amounting to CNY 35,217,607.63, down from CNY 153,444,865.17 in the previous year[4][8] - In Q1 2025, the net cash flow from operating activities was ¥35,217,607.63, a decrease of 77% compared to ¥153,444,865.17 in Q1 2024[24] - Total cash inflow from operating activities in Q1 2025 was ¥1,307,286,482.00, compared to ¥1,285,565,874.02 in Q1 2024, reflecting a slight increase of 1.4%[24] - Cash outflow from operating activities increased to ¥1,272,068,874.37 in Q1 2025, up from ¥1,132,121,008.85 in Q1 2024, representing a rise of 12.4%[24] - The ending cash and cash equivalents balance for Q1 2025 was ¥488,337,160.21, down from ¥2,107,142,370.51 in Q1 2024, a decrease of 76.8%[25] - Cash received from sales and services in Q1 2025 was ¥1,219,407,217.34, slightly up from ¥1,218,345,806.06 in Q1 2024[24] - The company received tax refunds amounting to ¥72,385,017.71 in Q1 2025, an increase of 52.1% compared to ¥47,584,745.09 in Q1 2024[24] - The cash paid to employees in Q1 2025 was ¥830,572,156.57, which is an increase of 13.9% from ¥729,341,781.11 in Q1 2024[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 15,899,058,815.62, a slight decrease of 0.09% from CNY 15,912,888,756.23 at the end of the previous year[5] - Total current assets were RMB 6.151 billion, slightly up from RMB 6.105 billion at the end of 2024[16] - The company reported a non-current asset total of RMB 1.559 billion, a slight decrease from RMB 1.563 billion at the end of 2024[16] - Total liabilities decreased to ¥4,077,281,405.71 in Q1 2025 from ¥4,476,319,129.69 in Q1 2024, a reduction of 8.9%[18] - The company's total equity increased to ¥11,821,777,409.91 in Q1 2025 from ¥11,436,569,626.54 in Q1 2024, reflecting a growth of 3.4%[18] Business Segments - The WPS personal business revenue reached RMB 857 million, growing 10.86% year-on-year, with a global monthly active device count of 647 million, an increase of 7.92%[14] - WPS 365 business revenue surged to RMB 151 million, reflecting a significant year-on-year growth of 62.59%[14] - WPS software business revenue declined to RMB 262 million, a decrease of 20.99% year-on-year due to new procurement processes[15] - The number of active users for WPS Office PC version reached 301 million, a year-on-year increase of 11.30%[14] - The company is focusing on enhancing AI active user numbers to drive growth in user base and paid users[14] Other Financial Metrics - Non-recurring gains and losses amounted to CNY 12,969,658.96 after accounting for tax effects and minority interests[7] - The company reported an investment income of ¥68,595,902.20 in Q1 2025, compared to ¥61,397,924.29 in Q1 2024, an increase of 11.9%[20] - Deferred tax assets rose to ¥36,477,238.69 in Q1 2025 from ¥34,977,206.05 in Q1 2024, indicating an increase of 4.3%[18]

金山办公公告，2025年第一季度营收为13.01亿元，同比增长6.22%；净利润为4.03亿元，同比增长 9.75%。 ...

Investment Rating - The report maintains a positive outlook on the AI industry and the computer sector, suggesting to watch specific companies such as Huada Jiutian, Dameng Database, Kingsoft Office, Newland, Tongxingbao, Saiyi Information, Hongquan IoT, and Runze Technology [3][5]. Core Insights - The AI industry is progressing with both foundational technology and commercial applications, with no signs of stagnation. The penetration of various AI applications is expected to accelerate [3][5]. - OpenAI has recently released several new models, including GPT-4.1, GPT-4.1 mini, and GPT-4.1 nano, which show significant improvements in programming and instruction execution capabilities [3][5]. - Major AI companies are entering the Model Context Protocol (MCP) space, which is anticipated to accelerate the development of AI Agents. Alibaba Cloud has launched a full lifecycle MCP service, significantly lowering development barriers [3][5]. - NVIDIA's CEO has expressed a commitment to serving the Chinese market, despite export license requirements for certain chips, indicating a positive outlook on China's economic prospects [3][5]. Summary by Sections Investment Recommendations - The report suggests a focus on companies such as Huada Jiutian, Dameng Database, Kingsoft Office, Newland, Tongxingbao, Saiyi Information, Hongquan IoT, and Runze Technology due to their potential in the AI sector [3][5]. Recent Developments - OpenAI's new models, including o3 and o4-mini, are defined as "visual reasoning models" and have enhanced capabilities for image processing and tool access [3][5]. - The launch of Alibaba's MCP services and the entry of other AI giants like OpenAI, Microsoft, Google, and Baidu into the MCP space are expected to foster growth in AI Agents [3][5]. Market Position - NVIDIA's CEO has reaffirmed the company's dedication to the Chinese market, highlighting the importance of regulatory compliance and collaboration with Chinese officials to optimize product offerings [3][5].

Group 1 - The Shanghai Stock Exchange Science and Technology Innovation Board Composite Index decreased by 0.11% as of April 22, 2025, with mixed performance among constituent stocks [1] - The leading gainers included Shijia Photon up 13.09%, Baili Tianheng up 11.41%, and Shanwaishan up 10.80%, while the biggest losers were Kangpeng Technology down 8.62%, Zhiyuan Huitong down 7.69%, and Suochen Technology down 7.25% [1] - The Huaxia Science and Technology Innovation Index ETF (589000) fell by 0.32%, with the latest price at 0.94 yuan [1] Group 2 - The Huaxia Science and Technology Innovation Index ETF reached a new high in scale at 2.473 billion yuan, ranking first among comparable funds [1] - The ETF exhibited a turnover rate of 4.55% during the trading session, with a transaction volume of 113 million yuan [1] - Over the past week, the ETF averaged a daily transaction volume of 114 million yuan, also ranking first among comparable funds [1] Group 3 - The Huaxia Science and Technology Innovation Index ETF experienced continuous net inflows over the past eight days, with a peak single-day net inflow of 1.361 billion yuan, totaling 1.647 billion yuan in net inflows, averaging 206 million yuan daily [1] - As of April 21, the total margin balance on the Science and Technology Innovation Board reached 149.695 billion yuan, an increase of 932 million yuan from the previous day [1] - Notably, 38 stocks saw their margin balances increase by over 10 million yuan, with significant net purchases in stocks like Cambrian, Haiguang Information, and SMIC [1] Group 4 - The Huaxia Science and Technology Innovation Index ETF closely tracks the Science and Technology Innovation Index, with top-weighted stocks including industry leaders such as SMIC, Cambrian, and domestic equipment leader Zhongwei [2] - These companies represent the forefront of China's technology sector, showcasing the nation's commitment to technological innovation and self-reliance [2]

Core Viewpoint - The article highlights the advancements in the government-oriented AI model developed by Kingsoft Office, showcasing significant improvements in reasoning capabilities, cost reduction, and productivity enhancements for civil servants. Group 1: AI Model Developments - Kingsoft Office's self-developed government AI model has achieved a 90% reduction in deployment costs, a 71.58% increase in writing efficiency, a 34.87% improvement in intent understanding, and a 12% enhancement in document formatting capabilities [1] - The model is available in two sizes: 13B and 32B, facilitating local private deployment [1] - The AI model is designed to enhance productivity for civil servants by 30-40% [1] Group 2: Market Positioning and Strategy - Kingsoft Office identified the market demand for vertical models and private deployment in the government sector, leading to proactive developments in this area [8][9] - The company launched the WPS AI government version and has been actively collaborating with various government departments [10][15] Group 3: Features and Capabilities - The government AI model is trained on a vast dataset of high-quality government language, enabling it to excel in writing official documents and policy inquiries [6][10] - It can assist in drafting five types of official documents, including notifications and proposals, while also providing intelligent editing, proofreading, and formatting services [10] - The model can activate internal documents into an intelligent knowledge base, offering civil servants answers and suggestions based on reliable references [10] Group 4: Collaboration and Data Security - Kingsoft collaborates with authoritative media like People's Daily and Xinhua News to ensure that civil servants can access updated policy information within a controlled environment [17] - The model's private deployment is crucial for many organizations, ensuring sensitive data remains secure [19][5] Group 5: Financial Performance and R&D Investment - In 2024, Kingsoft Office reported a revenue of 437 million yuan, marking a 149.33% year-on-year growth, making it the fastest-growing business segment [24] - The company invested 1.696 billion yuan in R&D, accounting for approximately 33% of its revenue, with a 15.16% increase in R&D expenses year-on-year [25] - The R&D team has grown to over 2,000 members, making it the largest R&D base for the company [26]

北京金山办公软件股份有限公司 关于参加 2024 年度科创板人工智能及软件行业集体 业绩说明会暨 2025 年第一季度业绩说明会的公告 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。 重要内容提示： https://roadshow.sseinfo.com/） 证券代码：688111 证券简称：金山办公 公告编号：2025-017 会议召开方式：上证路演中心视频直播和网络互动 投资者可于 2025 年 04 月 22 日（星期二）至 04 月 28 日（星期一）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 Ir@wps.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 北京金山办公软件股份有限公司（以下简称"公司"）已于 2025 年 03 月 20 日发布公司 2024 年年度报告，同时将于 2025 年 04 月 24 日发布公司 2025 年第 一季度报告。为便于广大投资者更全面深入地了解公司 2024 年度和 2025 年第一 季度经营成果、财务状况，公司计划于 2025 ...

长江商报消息 ●长江商报记者 李璟 4月18日，2025金山办公数字政务合作伙伴峰会在湖北武汉举办，现场发布了金山办公政务大模型增强 版。该大模型于2024年12月底在武汉正式发布，此次更新升级的增强版引入深度推理能力，在保证AI 算法应用效果的前提下，实现AI服务器等方面的硬件资源成本下降90%，进一步推进政务AI在各级政府 单位的普及落地。 湖北作为科教大省，科技创新实力雄厚，吸引了众多重大项目和优质企业纷纷落户。 金山办公数字政务事业部副总经理王少康在接受长江商报记者采访时表示，湖北的AI人工智能产业发 展迅速，有很好的政策支持和科研条件。金山办公与湖北，特别是武汉，是战略互补、双向奔赴的关 系。从2017年金山办公落地湖北武汉，到2025年武汉新园区正式启用，布局八年，武汉已成为金山办公 最大的研发基地，建设万人研发基地将是其在武汉布局的下一个目标。未来，金山办公将围绕智能办公 能力，与本地生态伙伴合作，共同服务用户，打造办公应用的小生态，助力湖北AI产业高质量发展。 政务大模型升级 金山办公政务大模型是基于亿级政务语料训练而成。此次金山办公政务大模型升级后，公文写作质量提 升71.58%，意图理解能 ...