Kingsoft Office(SH:688111) Zheng Quan Shi Bao Wang·2025-08-21 09:12Core Insights - Kingsoft Office reported a steady growth in its 2025 semi-annual report, with operating revenue reaching 2.657 billion yuan, a year-on-year increase of 10.12%, and net profit attributable to shareholders of the parent company at 747 million yuan, up 3.57% [1] Financial Performance - The company's main business segments showed positive growth, with WPS personal business revenue at 1.748 billion yuan, increasing by 8.38%, and WPS 365 business revenue soaring to 309 million yuan, a significant rise of 62.27% [1][2] - The net profit excluding non-recurring gains and losses was 727 million yuan, reflecting a year-on-year growth of 5.77% [1] User Growth and Engagement - As of June 30, 2025, WPS AI had 29.51 million monthly active users, a substantial increase from 19.68 million at the end of 2024, indicating strong user engagement driven by AI benefits [1] - The global monthly active devices for WPS Office reached 651 million, marking an 8.56% year-on-year growth, with PC version monthly active users at 305 million (up 12.29%) and mobile version users at 346 million (up 5.48%) [2] Product Development and Innovation - WPS 365 has become a new growth engine for the company, with its revenue driven by comprehensive upgrades and deeper industry penetration [2] - The introduction of the "Enterprise Brain" solution in the government and enterprise sector integrates AI capabilities, enhancing document management and compliance [2][3] - Kingsoft Office launched WPS AI 3.0 and the native Office AI assistant WPS Lingxi, redefining the integration of AI with office software [3][4] Research and Development - The company invested 959 million yuan in R&D during the first half of 2025, an increase of 18.70%, with a R&D expense ratio of approximately 36% [4] - The workforce in R&D reached 3,533 employees, accounting for about 66% of the total staff, supporting technological breakthroughs and product iterations [4]