金山办公2025年三季报，WPS 365收入同比增超71%

Core Insights - Kingsoft Office reported strong Q3 2025 financial results, with revenue of 1.521 billion yuan, a year-on-year increase of 25.33%, and a net profit of 431 million yuan, up 35.42% [1] - The company’s cash flow from operating activities reached 538 million yuan, growing by 19.30%, enabling continued investment in R&D [1] - The three main business segments all achieved double-digit revenue growth, with WPS 365 revenue soaring by 71.61% [1][4] Financial Performance - Q3 2025 revenue was 1.521 billion yuan, a 25.33% increase year-on-year [1] - Net profit attributable to shareholders was 431 million yuan, reflecting a 35.42% growth [1] - Net profit excluding non-recurring items was 421 million yuan, up 39.01% [1] - Cash flow from operating activities was 538 million yuan, a 19.30% increase [1] - R&D expenses reached 536 million yuan, growing by 18.08%, with an R&D expense ratio of 35.24% [1] Business Segments - WPS personal business revenue was 899 million yuan, a year-on-year increase of 11.18% [2] - WPS 365 revenue was 201 million yuan, a significant increase of 71.61% [4] - WPS software business revenue was 391 million yuan, up 50.52% [1] AI and Product Development - The launch of WPS AI 3.0 and the native Office AI assistant, WPS Lingxi, has redefined the integration of AI with office software [2] - New features include AI document editing, voice assistance, and a knowledge base [2] - WPS 365 has introduced solutions focusing on digital asset protection and compliance management, enhancing its application in the enterprise sector [4][5] Market Position and Growth - WPS Office's global monthly active devices reached 669 million, an 8.83% increase year-on-year [3] - The company is expanding its international presence, particularly in the ASEAN region, where active devices have surpassed 50 million [3] - Kingsoft Office has secured significant clients in state-owned enterprises and is expanding its influence in the private sector [5]