Ge Long Hui·2026-03-25 09:30Core Viewpoint - Kingsoft Software (03888.HK) reported a revenue of 9.683 billion RMB for the year ending December 31, 2025, representing a year-on-year decrease of 6% [1] Group 1: Financial Performance - Gross profit for 2025 was 7.864 billion RMB, down 8.4% year-on-year [1] - Net profit attributable to shareholders was 2.004 billion RMB, an increase of 29% year-on-year [1] - Basic earnings per share were 1.46 RMB, with a proposed final dividend of 0.13 HKD per share [1] Group 2: Revenue Breakdown - Revenue from office software and services accounted for 61% of total revenue, while revenue from online games and others made up 39% [1] - Revenue from online games and other businesses was 3.754 billion RMB, a decline of 28% year-on-year, attributed to last year's high base and a drop in revenue from existing games [1] - Revenue from office software and services was 5.929 billion RMB, reflecting a growth of 16% year-on-year, driven by an increase in paid users and enhancements in smart office experiences through WPS AI upgrades [1] Group 3: Business Growth Drivers - The robust growth of WPS personal business was supported by a continuous increase in paid user numbers [1] - Significant growth in WPS 365 business was mainly due to the deep integration of document, AI, and collaboration capabilities, as well as accelerated customer expansion among private enterprises and local state-owned enterprises [1] - Growth in WPS software business was primarily driven by an increase in government and enterprise orders [1]