Kingsoft Office(SH:688111) 2 1 Shi Ji Jing Ji Bao Dao·2025-08-21 03:41Core Insights - Kingsoft Office (688111.SH) reported a revenue of 2.657 billion yuan for the first half of 2025, representing a year-on-year growth of 10.12% [1] - The net profit attributable to shareholders was 747 million yuan, with a year-on-year increase of 3.57%, indicating a slower growth rate compared to revenue [1] Revenue Breakdown - The personal business remains the core revenue source, generating 1.748 billion yuan (65.8% of total revenue) with a year-on-year growth of 8.38%, and the number of paying users increased to 41.79 million [1] - The enterprise product WPS365 showed significant performance, achieving revenue of 309 million yuan (11.6% of total revenue) with a substantial year-on-year growth of 62.27%, primarily due to contracts with government and enterprise clients such as China Unicom and China Three Gorges Corporation [1] - Revenue from WPS software business was 542 million yuan (20.4% of total revenue), experiencing a slight decline of 2.08% year-on-year [1] - The overseas market contributed 129 million yuan in revenue [1] R&D Investment - The company invested 959 million yuan in R&D during the first half of the year, marking an 18.7% year-on-year increase, with R&D expenses accounting for 36.07% of total revenue [1] - Key areas of investment include AI technology development and cross-platform adaptation, such as training large models with hundreds of billions of parameters and developing "instant document opening" technology for the HarmonyOS [1] Shareholder Changes - Notably, there was a significant reduction in holdings by employee stock ownership platforms, with nine companies, including Qiwen Yiwei and Qiwen Erwei, transferring 7.761767 million shares at a price of 267.50 yuan per share, totaling 2.076 billion yuan [1]