Kingsoft Office(688111) 长江商报· Chang Jiang Shang Bao·2025-06-05 23:31Core Viewpoint - Kingsoft Office is accelerating its AI layout by acquiring the remaining 31.98% stake in its subsidiary, Shuke Network Technology, for 254 million yuan, aiming for full ownership and enhanced competitiveness in the government and enterprise market [2][3]. Group 1: Acquisition Details - The acquisition will allow Kingsoft Office to fully control Shuke Network Technology, improving decision-making efficiency and product iteration [3]. - Shuke Network Technology is a key player in the OFD national document standard, complementing Kingsoft Office's WPS 365 and WPS AI technologies [3]. - The acquisition is funded by the company's own resources and does not require shareholder approval, ensuring it does not affect the consolidated financial statements [3]. Group 2: Financial Performance - In 2024, Kingsoft Office reported revenues of 5.121 billion yuan, a 12% increase year-on-year, and a net profit of 1.645 billion yuan, up 25% [5]. - For Q1 2025, the company achieved revenues of 1.301 billion yuan, a 6.22% increase, and a net profit of 403 million yuan, growing by 9.75% [5]. - The WPS personal business generated 857 million yuan, a 10.86% increase, while WPS 365 revenue surged by 62.59% to 151 million yuan, driven by enhanced organizational capabilities [5]. Group 3: R&D Investment - Kingsoft Office's R&D expenses from 2020 to 2024 were 711 million yuan, 1.082 billion yuan, 1.331 billion yuan, 1.472 billion yuan, and 1.696 billion yuan respectively [6]. - In Q1 2025, R&D expenses reached 470 million yuan, a 16.17% increase, accounting for 36.13% of revenue [6]. - The company plans to continue exploring innovation opportunities in key technology areas and strengthen its R&D talent pool for long-term business development [6].