金山办公：Q3净利同比增35.42%，三大主营业务营收均实现双位数增长

Core Insights - Kingsoft Office (688111.SH) reported strong Q3 2025 financial results, with revenue of 1.521 billion yuan, a year-on-year increase of 25.33% [1] - The net profit attributable to shareholders reached 431 million yuan, up 35.42% year-on-year, while the net profit excluding non-recurring items was 421 million yuan, reflecting a 39.01% increase [1] - The company generated a net cash flow from operating activities of 538 million yuan, marking a 19.30% year-on-year growth [1] Revenue Breakdown - All three main business segments of Kingsoft Office achieved double-digit revenue growth in Q3 [1] - WPS 365 business revenue surged to 201 million yuan, a significant increase of 71.61% year-on-year [1] - WPS personal business revenue was 899 million yuan, growing by 11.18% year-on-year [1] - WPS software business revenue reached 391 million yuan, up 50.52% year-on-year [1] R&D Investment - Kingsoft Office's R&D expenditure for Q3 was 536 million yuan, representing an 18.08% increase year-on-year [1] - The R&D expense ratio stood at 35.24%, indicating a strong commitment to product development and iteration [1]