Dividend Distribution - The company plans to distribute a cash dividend of RMB 6 per 10 shares, totaling RMB 276.6 million, based on a total share capital of 461 million shares[4] - The cash dividend distribution for 2020 represents 31.50% of the net profit attributable to ordinary shareholders, which was RMB 87.81 million[132] - In 2019, the cash dividend was RMB 3 per 10 shares, totaling RMB 13.83 million, which accounted for 34.53% of the net profit[132] - The company did not propose a cash profit distribution plan despite having positive distributable profits for the reporting period[133] - The cash dividend policy has been reviewed and approved by independent directors and will be submitted for shareholder approval[131] Financial Performance - The company's operating revenue for 2020 was approximately RMB 2.26 billion, representing a 43.14% increase compared to RMB 1.58 billion in 2019[19] - The net profit attributable to shareholders for 2020 was approximately RMB 878 million, a significant increase of 119.22% from RMB 400 million in 2019[19] - The net cash flow from operating activities reached approximately RMB 1.51 billion, marking a 158.57% increase from RMB 585 million in 2019[19] - The total assets as of the end of 2020 were approximately RMB 8.51 billion, a 24.37% increase from RMB 6.84 billion at the end of 2019[19] - The net assets attributable to shareholders increased to approximately RMB 6.85 billion, reflecting a 12.96% growth from RMB 6.07 billion at the end of 2019[19] User Engagement and Market Expansion - The number of monthly active users (MAU) showed significant growth, indicating strong user engagement and product adoption[12] - The company plans to expand its market presence and invest in new product development to enhance competitive advantage[12] - Future guidance indicates a continued focus on increasing revenue and profitability through strategic initiatives and market expansion[12] - The company is actively pursuing new technologies and product innovations to meet evolving customer needs[12] - The company has over 474 million monthly active users (MAU) for its main products, with WPS Office desktop version having 185 million MAU and the mobile version reaching 282 million MAU, leading among domestic office software[44] Research and Development - The total R&D investment for the year reached approximately ¥710.88 million, an increase of 18.72% compared to ¥598.79 million in the previous year[62] - R&D investment accounted for 31.44% of total revenue, a decrease of 6.47 percentage points from 37.91% in the previous year[62] - The company applied for a total of 102 invention patents during the year, with 88 accepted domestically and 14 accepted internationally[60] - A total of 17 patents were granted, including 6 domestic invention patents and 11 international invention patents[61] - The company has developed key technologies for online editing and multi-platform compatibility in its office software[64] Strategic Partnerships and Acquisitions - Strategic partnerships and potential acquisitions are being considered to bolster market position and drive growth[12] - The company has established a strong presence in over 220 countries and regions, with its products ranking highly in global app stores[44] - The company has expanded its overseas business to cover regions including North America, South America, and Africa, in addition to Southeast Asia and Europe[89] - The company signed agreements to become the official collaborative office software supplier for the Beijing 2022 Winter Olympics and the 31st Summer Universiade[93] - The company has completed a strategic acquisition of a smaller software firm for 500 million RMB, expected to enhance product offerings[198] Corporate Governance and Compliance - The company has received a standard unqualified audit report from Dahua Certified Public Accountants[3] - The company has confirmed that all directors attended the board meeting, ensuring accountability for the report's accuracy[6] - The report includes a forward-looking statement risk declaration, indicating that future plans do not constitute a commitment to investors[5] - The company has not indicated any significant changes in shareholder structure or stock movements during the reporting period[7] - The company has not disclosed any special arrangements for corporate governance[6] Technology and Innovation - The company has developed a comprehensive suite of office applications, including WPS Writer, WPS Spreadsheet, WPS Presentation, and PDF Editor, catering to diverse user needs[33] - The new WPS engine technology enhances document processing speed and user experience, significantly improving response times for large documents[51] - The company has developed a unified cross-process object model for third-party applications across multiple platforms, reducing the cost of code modification for users[51] - The company has introduced a collaborative editing framework that supports concurrent editing and conflict resolution, ensuring data integrity across different platforms[54] - The company has achieved a leading position in the domestic market for its innovative document processing technologies[53][54] Financial Management and Investments - The company has engaged in cash management using temporarily idle raised funds, with a maximum amount not exceeding RMB 3.5 billion for investment products[154] - The company has structured deposits totaling RMB 1,627,870,177.95, with an outstanding balance of RMB 3,286,855,555.23[153] - The company reported a structured deposit of 168,000,000.00 with an interest rate of 1.0% or 3.45%[156] - The total amount allocated for share repurchase and shareholding increase is capped at 100 million RMB, not exceeding 2% of the total share capital[141] - The company has a total of RMB 172,000,000.00 in fixed-term deposits with an annualized yield of 2.025%[155] Shareholder Information and Stock Management - The total number of ordinary shares is 461,000,000, with 100% ownership[176] - The company has 394,357,798 restricted shares, which account for 85.54% of total shares before the change[175] - The total number of shares held by the board members decreased by 8,038,522.39 shares during the reporting period, with a total of 99,508,098.15 shares held at the end of the period[196] - The company has established a clear ownership and control relationship with its shareholders, as indicated in the ownership structure diagram[192] - The company has no significant changes in the shareholding of other legal entities holding more than 10% of shares[193] Market Trends and Future Outlook - The rise of mobile internet and remote working has created new growth opportunities for the office software industry, with collaboration becoming a key focus for future development[42] - The enterprise-level SaaS market in China was valued at 36.21 billion yuan in 2019, and it is expected to exceed 100 billion yuan by 2022, with a projected market share of 38.7% in application software by 2023[47] - The company aims to enhance its cloud service capabilities and user experience by leveraging AI technology and expanding its product offerings[126] - The strategic focus includes increasing market share in both domestic and international markets, particularly targeting government and large enterprise clients[126] - Future plans include expanding into the small and medium-sized enterprise market and enhancing cloud collaboration solutions for various industries[129]

Financial Performance - Net profit attributable to shareholders was RMB 595.29 million, representing a year-on-year growth of 191.22%[6] - Operating revenue for the first nine months was RMB 1.50 billion, up 44.25% year-on-year[6] - In Q3, the company reported operating revenue of RMB 587 million, a 64.62% increase year-on-year[6] - Total revenue for Q3 2020 reached ¥1,503,171,985.18, representing a 44.25% increase compared to ¥1,042,079,122.13 in the previous year[14] - Net profit for Q3 2020 reached ¥596,430,888.60, a 191.78% increase compared to ¥204,411,343.18 in the same period last year[15] - Net profit for the first three quarters of 2020 was ¥1,503,171,985.18, compared to ¥1,042,079,122.13 in the same period of 2019, reflecting a growth of 44.1%[26] - The company reported a total comprehensive income of approximately ¥234.74 million for Q3 2020, compared to ¥60.43 million in Q3 2019[30] - The total profit for Q3 2020 was approximately ¥54.74 million, compared to a loss of ¥11.49 million in the same period last year, marking a significant recovery[32] Assets and Liabilities - Total assets at the end of the reporting period reached RMB 7.82 billion, an increase of 14.23% compared to the end of the previous year[5] - The total assets as of September 30, 2020, amounted to ¥7,818,156,186.55, compared to ¥6,843,993,486.59 at the end of 2019[20] - The total liabilities increased to ¥1,260,986,834.46 from ¥775,413,228.15, indicating a significant rise in financial obligations[22] - Total liabilities as of September 30, 2020, were ¥245,251,772.30, compared to ¥145,376,366.83 in the previous year, indicating a rise of 68.7%[25] - The total liabilities as of the end of Q3 2020 were ¥726,712,543.72, compared to ¥668,767,435.66 at the end of Q3 2019, showing an increase of about 8.7%[39] Cash Flow - The company achieved a net cash flow from operating activities of RMB 810.22 million, a significant increase of 226.80% year-on-year[5] - The net cash flow from operating activities was ¥810,222,915.50, up 226.80% from ¥247,925,805.33, driven by continuous growth in subscription services[15] - The cash flow from operating activities totaled ¥511,066,152.22, compared to ¥406,657,250.40 in the same period of 2019, representing an increase of approximately 25.7%[36] - The cash inflow from investment activities totaled approximately ¥11.51 billion, significantly higher than ¥3.36 billion in the previous year, reflecting increased investment recovery[35] - The net cash flow from investment activities was negative at approximately -¥668.91 million, compared to -¥261.14 million in the same period last year, indicating higher investment expenditures[35] User Engagement - Monthly active users (MAU) reached 457 million, a 19.63% increase from the same period last year[6] - The number of paid users continued to grow strongly, driven by the increasing frequency of collaborative office usage[7] Research and Development - R&D expenses amounted to RMB 524 million, with an R&D investment ratio of 34.85%, down 7.18 percentage points year-on-year[6] - R&D expenses in Q3 2020 amounted to ¥217,418,610.60, representing a 37% increase from ¥158,685,268.99 in Q3 2019[26] - The company plans to accelerate R&D and marketing investments as the impact of the pandemic diminishes[8] Shareholder Information - The number of shareholders at the end of the reporting period was 13,071, with the largest shareholder holding 52.71% of the shares[11] - Basic earnings per share for Q3 2020 was ¥0.52, up from ¥0.16 in Q3 2019[30] Government Support - The company received government subsidies related to the pandemic, contributing to other income of ¥804,349.38[15]

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the first half of 2020, representing a year-on-year increase of 25%[1]. - The company's operating revenue for the first half of 2020 was RMB 915,768,796.76, representing a year-on-year increase of 33.64%[14]. - Net profit attributable to shareholders increased by RMB 357,402,303.87, a growth of 143.30% compared to the same period last year[16]. - The company has set a performance guidance of 2.5 billion RMB in revenue for the full year 2020, reflecting a growth target of 20%[1]. - The company achieved a revenue of 18,071.05 million RMB for the first half of 2020, with a net profit of 4,630.80 million RMB, reflecting a significant growth compared to previous periods[54]. - The company reported a total revenue of 916 million RMB, representing a year-on-year growth of 33.64%[84]. - The net profit attributable to the parent company reached 357 million RMB, an increase of 143.30% compared to the same period last year[84]. - The office service subscription business generated 533 million RMB, showing a significant growth of 70.89% year-over-year[84]. User Growth and Engagement - The number of registered users for the company's office software reached 300 million, with a growth rate of 15% compared to the previous year[1]. - The number of monthly active users (MAU) has shown a positive trend, contributing to the growth in subscription revenue[9]. - As of June 30, 2020, the company's monthly active users (MAU) reached 454 million, with 172 million for the PC version and 275 million for the mobile version[39]. - The cumulative number of annual paid individual members reached 16.81 million as of June 30, 2020[68]. - The total number of paid individual members reached 16.81 million as of June 30, 2020, representing a year-over-year increase of 98.47% and a half-year increase of 39.85%[69]. Research and Development - The company is investing 100 million RMB in research and development for new technologies, aiming to enhance user experience and software capabilities[1]. - Research and development expenses accounted for 33.47% of operating revenue, down from 40.77% in the previous year[15]. - The total R&D investment during the reporting period was CNY 306,493,589.51, accounting for 33.47% of the operating revenue[51]. - The R&D team consists of 1,547 personnel, accounting for 65.2% of the total workforce, with an average salary of 139,596 RMB[55]. - R&D expenses from 2017 to June 2020 showed a rapid growth trend, with amounts of 266.01 million RMB, 427.54 million RMB, 598.79 million RMB, and 306.49 million RMB, representing 35.31%, 37.85%, 37.91%, and 33.47% of revenue respectively[57]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in market share by the end of 2021[1]. - The company aims to expand its market share by improving compatibility and offering customized services, leveraging its competitive advantages[33]. - The company is actively expanding its market share in overseas markets, leveraging the "Belt and Road" initiative to provide information technology services[35]. - The company plans to stabilize its stock price through measures such as stock buybacks and share purchases by major shareholders, with a total amount not exceeding RMB 100 million and a maximum of 2% of total share capital[103]. - The company plans to expand its market presence by entering three new international markets by the end of 2021[101]. Product Development and Offerings - New product launches are expected to contribute an additional 200 million RMB in revenue for the second half of 2020[1]. - The company has actively expanded its cloud office product offerings, particularly targeting small and medium-sized enterprises[16]. - The company has developed a matrix project management model for specialized projects, enhancing product development efficiency and success rates[32]. - The company launched multiple product versions, including WPS integrated version and WPS business secret version, enhancing product capabilities and opening API interfaces to ecosystem partners[72]. - The company has developed its WPS Office products since 1988, becoming a leading provider in the domestic office software market[39]. Financial Management and Investments - The company reported a significant increase in trading financial assets, totaling approximately 5.96 billion RMB, due to the utilization of raised funds for financial management[87]. - The cash and cash equivalents at the end of the period were approximately 680 million RMB, a 292.78% increase from the previous year[87]. - The company made seven equity investments, including in Kingsoft Corporation and other tech firms, with two new investments made in 2020[91]. - The company has established a comprehensive procurement management system to optimize its supply chain and cost efficiency[28]. - The company reported a total of 14,659 million for various investment funds, indicating consistent investment activity across multiple funds[123]. Corporate Governance and Compliance - The board has confirmed that there are no significant risks related to non-operational fund occupation by controlling shareholders[1]. - The company has no major litigation or arbitration matters during the reporting period[105]. - The company has not faced any penalties or corrective actions against its directors, supervisors, or senior management during the reporting period[108]. - The company has established a priority right for any business opportunities that may compete with its operations[100]. - The company has commitments regarding share lock-up periods, with a 36-month lock-up for major shareholders from the date of listing[98]. Technology and Innovation - The company emphasizes core technology breakthroughs in multi-platform adaptation, online collaborative editing, and secure document sharing to improve user experience[20]. - The company has developed core technologies in document processing, including intelligent beautification technology and multi-platform collaborative editing technology, which significantly enhance document creation efficiency and reduce technical barriers for users[44]. - The company’s cloud service-related technologies, such as data synchronization and secure storage, are recognized as leading in the domestic market and are not sourced from Beijing Kingsoft Cloud[45]. - The company has undertaken several national-level major scientific research projects, demonstrating its capability in implementing significant technological advancements[46]. - The company’s technologies are designed to meet the evolving needs of modern office environments, focusing on cloud-based solutions and user collaboration[45].

Financial Performance - Operating revenue for the period was ¥372,265,142.61, representing a year-on-year growth of 30.90%[4] - Net profit attributable to shareholders was ¥110,314,478.53, a significant increase of 130.87% compared to the same period last year[4] - Basic earnings per share increased to ¥0.24, up 84.62% from ¥0.13 in the same period last year[4] - The company's operating revenue for Q1 2020 was RMB 372,265,142.61, representing a 30.90% increase compared to RMB 284,398,777.85 in the same period last year[10] - The net profit for Q1 2020 reached RMB 110,314,478.53, a significant increase of 130.87% from RMB 47,781,217.87 in Q1 2019[10] - Total operating revenue for Q1 2020 was $372.27 million, a 30.8% increase from $284.40 million in Q1 2019[23] - Net profit for Q1 2020 reached $110.31 million, compared to $47.78 million in Q1 2019, representing a 131.9% year-over-year growth[24] - Operating profit for Q1 2020 was $111.04 million, significantly higher than $43.55 million in Q1 2019, marking a 154.5% increase[23] - The total profit for Q1 2020 was $111.04 million, compared to $48.55 million in Q1 2019, representing a 128.5% increase[24] Cash Flow - The net cash flow from operating activities was ¥131,997,280.26, a recovery from a negative cash flow of ¥2,928,776.26 in the previous year[4] - The cash flow from operating activities for Q1 2020 was RMB 131,997,280.26, a significant improvement from a negative cash flow of RMB -2,928,776.26 in the previous year[10] - Total cash inflow from operating activities reached RMB 545,074,983.49, up from RMB 348,860,999.79 in the previous year, indicating a growth of approximately 56.2%[29] - The cash flow from financing activities was not detailed, but the overall cash flow net increase was RMB 100,130,655.33 in Q1 2020, compared to a decrease of RMB 12,621,646.18 in Q1 2019[30] Assets and Liabilities - Total assets at the end of the reporting period reached ¥6,957,055,079.72, an increase of 1.65% compared to the end of the previous year[4] - The company's total current assets as of March 31, 2020, amounted to approximately 6.79 billion RMB, compared to 6.68 billion RMB at the end of 2019, showing a slight increase[18] - The total assets of the company as of March 31, 2020, were approximately 6.96 billion RMB, up from 6.84 billion RMB at the end of 2019[19] - Total liabilities amounted to ¥774,198,197.15, a slight decrease from ¥775,413,228.15 in the previous period, indicating a reduction of approximately 0.16%[20] - Total current liabilities decreased to ¥110,346,989.79 from ¥142,064,063.43, a reduction of about 22.29%[22] - Total current liabilities were CNY 726,712,543.72, reflecting a decrease of CNY 57,945,108.06 compared to the previous period[35] - Total liabilities amounted to CNY 775,413,228.15, with no change from the previous reporting period[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 7,252[7] - Kingsoft WPS Corporation Limited held 52.71% of the shares, making it the largest shareholder[7] - Total equity attributable to shareholders reached ¥6,182,856,882.57, up from ¥6,068,580,258.44, reflecting an increase of about 1.88%[20] - Shareholders' equity totaled approximately $5.48 billion, including capital reserves of about $4.62 billion and undistributed profits of approximately $339.10 million[40] Research and Development - Research and development expenses accounted for 39.56% of operating revenue, a decrease of 7.88 percentage points compared to the previous year[4] - Research and development expenses amounted to $147.28 million, up from $134.91 million in the same quarter last year, indicating a 9.1% increase[23] Legal Matters - The company is currently involved in ongoing litigation with Foxit Software regarding alleged copyright infringement, with the latest developments pending a ruling from the Supreme People's Court[12] - The company is involved in a legal dispute with Foxit Software, with a first-instance judgment requiring the company to pay 300,000 RMB in damages[15] - The company plans to appeal the first-instance judgment regarding the software cooperation development agreement with Foxit Software[15] User Engagement - As of March 31, 2020, the monthly active users (MAU) for the company's main products reached 447 million, representing a year-over-year increase of 36.28% and a quarter-over-quarter increase of 8.8%[16] - The monthly active users for WPS Office PC version were 168 million, while the mobile version had 271 million active users[16] - The company has reported a stable growth in user data, indicating a positive trend in user engagement and product adoption[16] - The company has not indicated any significant changes in net profit expectations for the upcoming reporting period[16]

Financial Performance - The company's operating revenue for 2019 reached RMB 1,579,520,610.25, representing a year-on-year increase of 39.82% compared to RMB 1,129,681,137.76 in 2018[25]. - The net profit attributable to shareholders for 2019 was RMB 400,579,204.93, which is an increase of 28.94% from RMB 310,666,603.13 in the previous year[25]. - The cash flow from operating activities for 2019 amounted to RMB 585,691,496.95, reflecting a growth of 40.08% compared to RMB 418,097,821.34 in 2018[25]. - The total assets of the company as of the end of 2019 were RMB 6,843,993,486.59, a significant increase of 320.55% from RMB 1,627,379,749.43 at the end of 2018[25]. - The net assets attributable to shareholders at the end of 2019 were RMB 6,068,580,258.44, which is a remarkable increase of 411.28% from RMB 1,186,932,796.96 in 2018[25]. - The basic earnings per share for 2019 were RMB 1.09, up 26.74% from RMB 0.86 in 2018[26]. - The diluted earnings per share also stood at RMB 1.09 for 2019, reflecting the same growth rate of 26.74% compared to the previous year[26]. - The weighted average return on equity for 2019 was 22.60%, a decrease of 4.24 percentage points from 26.84% in 2018[26]. - The company achieved a total revenue of 1.58 billion in 2019, with a net profit of 401 million, representing a year-on-year growth of 28.94%[96]. - The office software licensing business generated 496 million, up 39.41% year-on-year, while the office service subscription business grew by 73.06% to 680 million[96]. Research and Development - The total R&D investment for the period amounted to ¥598,785,660.65, representing 37.91% of the company's revenue[79]. - The number of R&D personnel is 1,552, accounting for 68.46% of the total workforce[79]. - The project for enhancing and optimizing office software has a total investment scale of ¥2,197.75 million, with ¥1,093.38 million invested in the current period[79]. - The reliable office platform project has a total investment scale of ¥1,355.30 million, with ¥769.55 million invested in the current period[79]. - The company has achieved significant results in developing WPS office components, enhancing performance and efficiency, and supporting integration on domestic hardware platforms[80]. - The project for the development of a domestic office suite has a total investment scale of ¥4,238.00 million, with ¥202.00 million invested in the current period[81]. - The company is focusing on the integration of intelligent writing technologies and has developed a comprehensive writing service platform[80]. - The total investment in the intelligent writing public service platform project is ¥10,280.00 million, with ¥3,187.88 million invested in the current period[80]. - R&D expenses from 2017 to 2019 were 266.01 million RMB, 427.54 million RMB, and 598.79 million RMB, showing a rapid growth trend, with R&D expenses accounting for 35.31%, 37.85%, and 37.91% of revenue respectively[83]. Market Strategy and Expansion - The company is focused on expanding its market presence and enhancing its product offerings through continuous innovation and development[1]. - Future guidance indicates a commitment to maintaining growth in user engagement and revenue through strategic initiatives and potential acquisitions[1]. - The company aims to enhance its office software performance and efficiency through the development of customized solutions for government applications[76]. - The company plans to expand its market presence and enhance its product offerings in the coming years[36]. - The company aims to enhance its user base in the office application sector by leveraging cloud computing, big data services, and artificial intelligence, enhancing user experience and product offerings[145]. - The company will focus on increasing customer satisfaction and penetration rates among government and large enterprises, while building a comprehensive customer service system[147]. - The company intends to shift its personal value-added services from "tools" to "services," enhancing user engagement through refined operations of membership features and templates[148]. - The company plans to improve its brand influence and market presence by targeting government and leading enterprise clients, while also exploring the small and medium-sized enterprise market[145]. - The company will continue to invest in technology research and development to create high-tech products and office application services, aiming to enhance its core competitiveness[145]. Corporate Governance and Compliance - The company has confirmed that there are no special arrangements regarding corporate governance[10]. - The financial report is declared to be true, accurate, and complete by the responsible executives[9]. - The company has not engaged in any irregular decision-making processes for external guarantees[11]. - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[11]. - The company has outlined specific plans for compliance with these commitments to ensure shareholder confidence[156]. - The company will ensure compliance with relevant laws and regulations regarding related party transactions[159]. - The company aims to avoid related party transactions that could harm the interests of the company and its shareholders[159]. - The company will strictly follow the procedures for related party transactions as per the Company Law and Securities Law of the People's Republic of China[159]. - The company has committed to timely disclosure of information regarding related party transactions[159]. Shareholder Commitments and Stock Management - The company has committed to not transferring or entrusting others to manage its shares for 36 months from the date of its IPO[156]. - If the company's stock price falls below the IPO price for 20 consecutive trading days within six months post-IPO, the lock-up period for shares will automatically extend by six months[156]. - The company agrees to sell shares at a price not lower than 100% of the IPO price during the two years following the lock-up period[156]. - The company will compensate for any losses incurred due to violations of the above commitments[156]. - Major shareholders plan to reduce their holdings after the lock-up period, with a maximum reduction not exceeding the total number of company shares[156]. - The company has established a commitment to maintain share price integrity post-IPO[156]. - The company will adjust the IPO price for any dividends or stock splits accordingly[156]. - The company has a lock-up period of 36 months for shares held by actual controllers, with restrictions on transfer or management delegation during this time[157]. - The company commits to compensating for any losses caused by violations of the share transfer commitments[157]. Product Development and Technology - The company has developed core technologies in data cloud storage, intelligent data processing, and secure cloud documents, enhancing its office security technology level[69]. - The company has implemented a new graphic and text mixing engine that significantly improves the response speed for large document editing, enhancing user experience[70]. - The company’s multi-core and multi-threaded computing engine technology optimizes data processing capabilities, addressing efficiency issues in large document calculations[70]. - The company has developed a cross-platform graphics rendering engine that enhances drawing efficiency and achieves consistent rendering effects across different operating systems[72]. - The cloud storage technology employs AES256 encryption for data security, with all stored data being split into encrypted blocks before upload[72]. - The mobile sharing technology significantly improves the ability to load and process large documents on low-memory devices, facilitating cross-platform data collaboration[72]. - The multi-platform collaborative editing technology supports concurrent editing by multiple users, ensuring consistent performance across different devices and browsers[73]. - The document intelligent beautification technology allows for automatic layout and design adjustments, enhancing the professionalism of user-created documents[73]. - The company’s core technologies have been recognized as domestically leading and internationally advanced, receiving multiple national and international awards[74]. User Engagement and Market Presence - As of December 2019, the company's main products had over 411 million monthly active users (MAU), with WPS Office desktop version accounting for over 154 million MAU, leading other domestic office software[61]. - The mobile version of WPS Office had over 248 million MAU, and other products like Kingsoft Dictionary had nearly 10 million MAU, maintaining a leading position among domestic office software[61]. - The company has been recognized as a "Top Developer" by Google Play, and its mobile version was selected as "Best App of the Year" in 2015, indicating strong market presence and user engagement[62]. - The international business saw rapid growth, with over 100 million monthly active users outside of China by October 2019[107]. - The company launched WPS Office for Mac OS international version in August 2019, receiving recommendations in 9 countries from the Apple Mac Store[107]. Risk Management - The company has outlined various operational risks and corresponding mitigation strategies in the report[7]. - The company emphasizes that forward-looking statements do not constitute substantial commitments to investors, highlighting investment risks[10].