Kingsoft Office(SH:688111) Zhong Guo Jing Ji Wang·2025-03-20 03:23Core Insights - Kingsoft Office (688111.SH) reported a revenue of 5,120.84 million yuan for the fiscal year 2024, representing a year-on-year growth of 12.40% [1] - The net profit attributable to the parent company was 1,645.08 million yuan, an increase of 24.84% compared to the previous year [1] - The net profit after deducting non-recurring gains and losses was 1,556.34 million yuan, up by 23.30% year-on-year [1] - The net cash flow from operating activities reached 2,195.57 million yuan, reflecting a growth of 6.71% [1] Business Segments - Revenue from the WPS personal business amounted to 3,283.29 million yuan, showing an 18.00% increase [1] - WPS 365 business revenue surged to 436.50 million yuan, marking a significant growth of 149.33% [1] - Revenue from WPS software business declined to 1,267.95 million yuan, down by 8.56% [1] - Other business revenue fell to 131.72 million yuan, a decrease of 37.17% [1] Financial Position - At the beginning of the reporting period, total assets were 13.974 billion yuan, with total liabilities of 3.954 billion yuan, resulting in a debt-to-asset ratio of 28.30% [2] - By the end of the reporting period, total assets increased to 15.913 billion yuan, while total liabilities rose to 4.476 billion yuan, leading to a slightly improved debt-to-asset ratio of 28.13% [3] Dividend Distribution - The proposed profit distribution plan for 2024 suggests a cash dividend of 9.00 yuan per 10 shares (including tax), amounting to a total of approximately 415.99 million yuan [3][4] - This proposal is subject to approval at the shareholders' meeting, with the actual distribution amount to be confirmed in the subsequent announcement [5] Initial Public Offering (IPO) Details - Kingsoft Office was listed on the Sci-Tech Innovation Board on November 18, 2019, with an issue price of 45.86 yuan per share and a total of 101 million shares issued, accounting for 21.91% of the total share capital post-issue [5] - The total funds raised from the IPO amounted to 4,631.86 million yuan, with a net amount of 4,459.40 million yuan after deducting issuance costs [6]