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倚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 內幕消息： 北京金山辦公軟件股份有限公司 截至二零二五年九月三十日止九個月的 主要財務資料及指標 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。 本公司董事會（「董事會」）欣然公佈本公司之附屬公司，北京金山辦公軟件股份有限公司 （「金山辦公」），其股份於上海證券交易所科創板上市（股份代碼：688111），於二零二五 年十月二十七日刊發其二零二五年第三季度報告（「該報告」）。 1 董事會謹請本公司股東及投資者留意以下該報告所載金山辦公截至二零二五年九月三十 日止九個月的主要財務資料及指標： 一、主要會計數據 單位：千元 幣種：人民幣 年初至 （於開曼群島持續經營的有限 ...

Group 1 - The core viewpoint is that the continuous support of policies in the domestic software industry is driving stock price increases, particularly with the State-owned Assets Supervision and Administration Commission (SASAC) mandating 100% domestic replacement of office software by state-owned enterprises by the end of 2027 [2] - The new government procurement policy set for 2025 requires core components of terminal devices to meet security assessments, which will accelerate the replacement process in sectors such as education, finance, and energy [2] - Kingsoft Office, as a leading enterprise, has already integrated into 26 central government department systems, further expanding its market space in the government and enterprise sectors [2] Group 2 - The adjustments made by the Ministry of Commerce indicate a competition for global rule-making authority, as the announcement requires application documents to be submitted in Chinese, breaking the long-standing dominance of Microsoft Office and Adobe PDF in international government communication [4] - With China holding 90% of the global heavy rare earth reserves, foreign companies must adapt to the WPS format to participate in transactions, effectively pushing domestic software standards into international cooperation scenarios and shifting from "adapting to others' rules" to "establishing its own rules" [4]

Core Viewpoint - The Hong Kong stock market saw a collective decline in the "Xinchuang" concept stocks on October 14, with significant drops in share prices for several companies [2] Company Summaries - Kingsoft Corporation (03888.HK) experienced a decline of 7.44%, trading at 33.84 HKD [2] - ChinaSoft International (00354.HK) fell by 4.75%, with shares priced at 5.81 HKD [2] - Inspur Digital Enterprise (00596.HK) saw a decrease of 4.94%, with its stock at 8.09 HKD [2]

Core Viewpoint - On October 13, Kingsoft Software made its first appearance on the Hong Kong Stock Connect active trading list in a month, with a trading volume of 19.32 billion HKD and a net buy of 2.86 billion HKD, closing up 13.82% [2][3]. Group 1: Trading Activity - The total trading volume of active stocks on the Hong Kong Stock Connect on October 13 was 1080.35 billion HKD, accounting for 47.59% of the day's total trading amount [2]. - Alibaba-W had the highest trading volume at 322.98 billion HKD, followed by SMIC and Xiaomi Group-W with trading volumes of 177.21 billion HKD and 153.23 billion HKD, respectively [2]. - The most frequently listed stocks in the past month were Alibaba-W and Tencent Holdings, each appearing 15 times, indicating strong interest from Hong Kong Stock Connect funds [2]. Group 2: Individual Stock Performance - Kingsoft Software's trading volume was 19.32 billion HKD, with a net buy of 2.86 billion HKD, marking its first appearance on the active list in a month [2][3]. - The stock closed at 36.56 HKD, reflecting a daily increase of 13.82% [3]. - Other notable stocks included Tencent Holdings with a trading volume of 136.00 billion HKD and a net sell of 24.45 billion HKD, and SMIC with a trading volume of 177.21 billion HKD and a net sell of 5.24 billion HKD [2].

Market Performance - The Hang Seng Index closed down by 1.52% [1] - The Hang Seng Tech Index fell by 1.82% [1] Company Performance - Kingsoft Corporation saw an increase of over 13% [1] - Sunny Optical Technology, Bilibili, and Xiaomi Group each experienced a decline of over 5% [1]

受市场利好刺激，在港股上市的金山软件(03888.HK)今日大幅走高，且盘中一度升超18%。截至发稿，涨12.95%，报36.28港元。 | 要出設は 分別 12月17日 12月25日 38.200 | | --- | | 37.613 | | 37.000 | | 36.387 | | 35. 773 | | 35. 187 | | 34.573 | | 33.960 | | 33.347 | | 32. 733 | | 32. 120 | | 31.533 | | 30.920 | | 30.307 | | 29.693 | | 29.080 | | 28. 493 | | 27.880 | | 27.267 | | 26. 653 | | 26.040 | 注：金山软件的表现 同期的软件概念股表现积极。截至发稿，中国软件国际(00354.HK)涨3%。 | 代码 | 名称 | 最新价 | 涨跌额 | 涨跌幅 ◆ | | --- | --- | --- | --- | --- | | 03888 | 金山软件 | 36.080 | +3.960 | +12.33% | | 00354 | 中国软件国际 | ...

Market Overview - The Hong Kong stock market experienced a decline, with the Hang Seng Index dropping by 2.69% and the Hang Seng Tech Index falling by 3.41% [1] - Internet stocks collectively weakened, while the software and semiconductor sectors showed some localized activity [1] Company Performance - Kingsoft Software saw a significant increase, with its stock price rising over 18% at one point and closing up by 11.77% at HKD 35.9 per share [2] - Kingsoft Office also experienced a rise, with its stock price increasing by 7.19% to CNY 318.35 per share [5] Financial Highlights - Kingsoft Office reported a revenue of CNY 2.657 billion for the first half of 2025, marking a year-on-year growth of 10.12% [8] - The net profit attributable to shareholders was CNY 747 million, reflecting a year-on-year increase of 3.57% [8] - The number of monthly active devices for WPS Office reached 651 million, an increase of 8.56% year-on-year, achieving a historical high [8] Product and Innovation - Kingsoft Office launched the WPS 365 open ecosystem, which consists of capability, integration, and application layers, boasting over 8,000 partners and more than 60,000 applications [10] - The WPS 365 ecosystem aims to enhance collaborative office experiences and has achieved compatibility with the Model Context Protocol (MCP) [10] - The ecosystem currently provides APIs for various business scenarios, including cloud documents and calendars, with plans for future expansion [10] Regulatory Impact - The Ministry of Commerce announced new export controls on certain overseas rare earth-related items with Chinese components, emphasizing military use restrictions [7] - The announcement's attachment was notably formatted in WPS, highlighting the government's push for self-reliance in key technologies and information security [7]

Core Viewpoint - The recent announcement regarding the change of the Ministry of Commerce's document format to WPS has sparked significant public interest, leading to a notable increase in Kingsoft's stock price by 14.45% as of the report date [1] Company Information - Lei Jun has been associated with Kingsoft since 1992 and has served as the chairman of the board since July 5, 2011 [1] - Currently, Lei Jun holds the positions of director and honorary chairman at Beijing Kingsoft Office Software Co., Ltd [1] - Lei Jun is identified as the actual controller and beneficial owner of Kingsoft, with a shareholding percentage of 4.1615% [1]

Core Viewpoint - The Hong Kong stock market experienced a collective decline, with the Hang Seng Technology Index dropping by 4.54%, and major tech stocks like Alibaba and Tencent facing significant pullbacks. The Hong Kong Internet ETF (513770) also saw a decrease of 4.17%, indicating a bearish trend in the market [1]. Group 1: Market Performance - The Hong Kong Internet ETF (513770) recorded a trading volume of nearly 500 million yuan, reflecting a significant market activity despite the downturn [1]. - The ETF has seen a net inflow of over 1.1 billion yuan in the past 20 days, indicating a strong interest from investors despite recent volatility [3]. - The ETF's latest scale has surpassed 11 billion yuan, marking a historical high, with an average daily trading volume exceeding 600 million yuan this year [9]. Group 2: Key Holdings - The top three holdings in the Hong Kong Internet ETF are Alibaba-W (18.92%), Tencent Holdings (15.60%), and Xiaomi Group-W (11.54%), collectively accounting for over 73% of the ETF's total weight [5][6]. - The ETF tracks the CSI Hong Kong Internet Index, which has shown significant resilience and outperformance compared to the Hang Seng Technology Index this year [7]. Group 3: Industry Insights - The recent announcement by the Ministry of Commerce regarding the use of WPS format for official documents is seen as a move towards promoting key technology independence and ensuring information security [3]. - The AI industry is expected to see accelerated domestic production processes, with significant capital expenditures anticipated from major tech players, indicating a broad growth potential in the sector [3]. - The valuation of the CSI Hong Kong Internet Index is currently at a PE ratio of 26.69, which is lower than both the US and A-share tech sectors, suggesting a potentially attractive investment opportunity [7].

Group 1 - Kingsoft Software (03888.HK) saw a significant stock price increase, rising over 18% during trading on October 13, and closing at 10.02% higher at HKD 35.34 per share [2] - The Ministry of Commerce announced export controls on certain foreign rare earth-related items containing Chinese components, with the announcement's attachment now requiring WPS format, which is developed by Kingsoft Software [3] - Kingsoft Software reported a revenue of approximately CNY 4.645 billion for the first half of the year, a year-on-year increase of 0.75%, and a net profit attributable to shareholders of CNY 816 million, up 20.41% year-on-year [3] Group 2 - Other Hong Kong software stocks also experienced gains, with China Software International (00354.HK) up 6.1%, Inspur Digital Enterprise (00596.HK) up 5.07%, and Kingdee International (00268.HK) up 1.04% [4] - Huachuang Securities noted that the demand for domestic software is accelerating due to the push for self-reliance in technology, with several procurement standards from the Ministry of Finance in 2024 emphasizing the need for self-controllable solutions [4] - The domestic software industry's performance is gradually improving, indicating a potential turning point for high-quality development in the sector [4]