金山軟件有限公司 （「本公司」） 提名委員會職權範圍 成員 主席 秘書 1 2. 委員會的成員須由董事會委任，並最少須由三名成員組成，委員會的大多數成員必 須為本公司的獨立非執行董事。 3. 委員會各成員的任期最多為三年。 4. 委員會主席（「主席」）須由董事會委任。 5. 主席須為董事會主席或獨立非執行董事。 6. 主席職責為與董事會聯絡及主持委員會會議。 7. 倘主席缺席，其餘與會成員須選出其中一人主持委員會會議。 8. 主席須出席本公司股東週年大會，並準備回應本公司股東就委員會事務提出的任何 問題。 （獲本公司董事會於二零零七年九月三日通過的決議案所採納） (獲本公司董事會於二零二五年十一月十九日通過的決議案所修訂） 成立 1. 本公司董事會（「董事會」）議決成立一個名為提名委員會之董事委員會（「委員會」）。 9. 公司秘書須為委員會秘書（「秘書」）。 10. 秘書或其代表須參加會議並作會議記錄。 11. 倘秘書缺席，則與會成員須選出另一人擔任秘書。 授權 職責 法定人數 2 12. 董事會授權委員會調查其職權範圍內的任何事務。其獲授權向任何僱員搜集任何所 需資料，而全體僱員已接獲指示須應委員會之要求充 ...

Financial Performance - For the three months ended September 30, 2025, the company's revenue was RMB 2,419,177 thousand, a decrease of 17% year-over-year and an increase of 5% quarter-over-quarter [3]. - Operating profit for the same period was RMB 276,827 thousand, reflecting a 76% decline year-over-year and a 28% decline quarter-over-quarter [3]. - The net profit attributable to the parent company was RMB 213,057 thousand, down 48% year-over-year and down 60% quarter-over-quarter [3]. - The basic earnings per share for the three months ended September 30, 2025, was RMB 0.15, a decrease of 52% year-over-year and a decrease of 62% quarter-over-quarter [3]. - The total comprehensive income for the period was RMB 336,678 thousand, down from RMB 671,731 thousand year-over-year [6]. - The company reported a net profit of RMB 383,501 thousand for the period, compared to RMB 751,981 thousand in the previous year [6]. - Net profit attributable to equity holders of the parent for Q3 2025 was RMB 213.1 million, down from RMB 413.4 million in Q3 2024 and RMB 532.4 million in Q2 2025 [27]. Revenue Breakdown - Revenue from office software and services was RMB 1,521,263 thousand, up from RMB 1,206,815 thousand year-over-year [5]. - Revenue from online games and others was RMB 897,914 thousand, down from RMB 1,707,970 thousand year-over-year [5]. - Revenue from the office software and services segment was RMB 1,521.3 million, representing a year-on-year growth of 26% and a quarter-on-quarter growth of 12% [17]. - The network games and other businesses generated revenue of RMB 897.9 million, down 47% year-on-year and down 6% quarter-on-quarter [17]. - Total revenue for Q3 2025 was RMB 2,419.2 million, a year-on-year decrease of 17% but a quarter-on-quarter increase of 5% [33]. User Metrics - The number of global WPS Office monthly active devices reached 669 million, representing a 9% increase year-over-year and a 3% increase quarter-over-quarter [4]. - Cumulative paying users for the WPS Office reached 41.79 million, a 10% increase compared to the previous year [4]. Assets and Liabilities - Non-current assets totaled RMB 8,548,161 thousand as of September 30, 2025, compared to RMB 8,044,078 thousand as of December 31, 2024 [7]. - Current assets amounted to RMB 29,210,129 thousand as of September 30, 2025, down from RMB 30,240,397 thousand as of December 31, 2024 [8]. - Total liabilities decreased from RMB 8,716,614 thousand as of December 31, 2024, to RMB 4,900,830 thousand as of September 30, 2025 [8]. - The total equity as of September 30, 2025, was RMB 31,574,248 thousand, an increase from RMB 28,412,402 thousand as of December 31, 2024 [8]. Cash Flow and Expenses - The company's net cash flow from operating activities for Q3 2025 was RMB 493,918 thousand [9]. - Net cash generated from operating activities for Q3 2025 was RMB 493.9 million, compared to RMB 1,387.3 million in Q3 2024 and RMB 767.0 million in Q2 2025 [31]. - R&D expenses for Q3 2025 were RMB 899.5 million, a year-on-year increase of 4% and a quarter-on-quarter increase of 5% [19]. - Sales and distribution expenses for Q3 2025 were RMB 564.4 million, reflecting a year-on-year increase of 55% and a quarter-on-quarter increase of 33% [20]. - Administrative expenses for Q3 2025 were RMB 177.9 million, a year-on-year increase of 7% and a quarter-on-quarter increase of 2% [21]. - Capital expenditures for Q3 2025 were RMB 72.4 million, down from RMB 108.6 million in Q3 2024 and RMB 81.4 million in Q2 2025 [32]. Strategic Focus - The company is focusing on AI applications and internationalization, with significant growth in WPS software and services, particularly in personal and enterprise segments [33]. - The core strategy revolves around "AI, collaboration, and internationalization," leveraging a product matrix to meet the needs of individual users to large enterprises [34]. - The company aims to drive new category growth and sustainable development through its core product offerings [34]. Gaming Segment - The flagship game "Sword Net 3" celebrated its 16th anniversary in August and launched an annual expansion pack in October, introducing innovative gameplay [34]. - The two-dimensional game "Dust White Zone" has solidified its core user base through long-term content updates and user operations [34]. - The sci-fi mech game "Limitless Machine" continues to optimize gameplay and operational models post-launch to enhance player experience [34]. - Two international IP games, "Goose Duck Kill" and "Angry Birds," are expected to launch domestically in the upcoming quarters [34]. - The company will focus on premium content development and global distribution in its online gaming business, aiming to strengthen the vitality of classic IPs [34].

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 | 2025年10月31日 | | --- | | 截至月份: | | 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: 2025年11月6日 | 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 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 1,400,425,790 | | 0 | | 1,400,425,790 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 1,400,425,790 | | 0 | | 1,400,425,790 | 第 2 頁 共 10 頁 v 1.1.1 I. 法定/註冊股本變動 | ...

Group 1 - Morgan Stanley has raised its revenue forecasts for Kingsoft (03888) for the years 2025 to 2027 by 1.5%, 2.1%, and 2.7% respectively [1] - The normalized earnings per share forecasts for the same period have been adjusted, with increases of 0.4% for 2025, and decreases of 4.9% and 3.2% for 2026 and 2027 respectively, primarily due to the revenue forecast increase being offset by higher operating expenses [1] - The target price for Kingsoft remains at HKD 38, with a rating of "in line with the market" [1]

Core Viewpoint - AI concept stocks have experienced a decline, indicating a potential shift in market sentiment towards this sector [1] Group 1: Stock Performance - Kingsoft Corporation (03888.HK) has dropped by 4.37%, trading at HKD 31.94 [1] - Hua Hong Semiconductor (01347.HK) has decreased by 4.09%, with a current price of HKD 72.7 [1] - Alibaba Group Holding Limited (09988.HK) has fallen by 2.58%, now priced at HKD 155.1 [1]

Core Viewpoint - Kingsoft Corporation (03888.HK) announced that it will hold a board meeting on November 19, 2025, to review and approve the unaudited performance for the three months ending September 30, 2025 [1] Summary by Category - Company Announcement - Kingsoft Corporation will convene a board meeting on November 19, 2025 [1] - The meeting will focus on reviewing and approving the unaudited financial results for the three months ending September 30, 2025 [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 （於開曼群島持續經營的有限公司） （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二零二五年十一 月十九日（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 截至二零二五年九月三十日止三個月之未經審計業績。 承董事會命 金山軟件有限公司 主席 雷軍 香港，二零二五年十一月三日 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。 ...

Group 1 - The Hang Seng Index saw a slight increase of 0.02%, closing at 26,437.75 points, while the Hang Seng Technology Index also rose by 0.02%. The Hang Seng China Enterprises Index decreased by 0.24%, with a half-day trading volume of HKD 126.95 billion [1] - In the technology sector, notable stock performances included Bilibili rising by 5.92%, Kingsoft up by 3.94%, and Xpeng Motors increasing by 3.60%. Conversely, ASMPT fell by 5.76%, Xiaomi Group decreased by 2.01%, and Li Auto dropped by 1.97% [1] - Industrial analysis indicates that with ongoing US-China trade negotiations and strengthened expectations for Federal Reserve interest rate cuts, the most disruptive overseas factors may be gradually subsiding. The "14th Five-Year Plan" is expected to boost confidence and consensus, supporting a positive long-term narrative for the market [1] Group 2 - The focus on AI investments highlights key areas within the AI industry chain, including overseas computing power sectors (such as optical modules and PCBs), domestically controllable sectors benefiting from local computing power chains (like GPUs and semiconductor materials), and mid-to-downstream applications with innovative potential (including Hong Kong internet and consumer electronics) [1] - The Hong Kong stock market is witnessing a gathering of core domestic AI assets, covering the entire industry chain from computing power to software applications and hardware terminals, positioning itself as a leader in the revaluation of Chinese assets [2] - Relevant ETFs in the Hong Kong market include the Hong Kong Stock Connect Technology ETF (159101), which covers the entire technology industry chain, and the Hang Seng Internet ETF (513330), which focuses on leading internet companies [3]

Group 1 - Kingsoft Software (03888.HK) experienced a nearly 4% increase in stock price, rising by 4.13% to reach HKD 33.82 [1] - The trading volume for Kingsoft Software was HKD 414 million at the time of reporting [1]

金山软件公告，第三季度营收为15.21亿元，同比增长25.33%；净利润为12.43亿元，同比增长39.38%。 前三季度营收为41.78亿元，同比增长15.21%；净利润为12.77亿元，同比增长18.26%。 来源：滚动播报 ...