Kingsoft Office(SH:688111) 券商中国·2025-10-12 12:15Core Viewpoint - The article discusses the recent announcement by the Ministry of Commerce regarding export controls on certain rare earth items with Chinese components, highlighting the shift to WPS format for application documents and the requirement for submissions in Chinese, which reflects a stronger regulatory stance [2][3]. Group 1: Export Control Announcement - On October 9, the Ministry of Commerce issued Announcement No. 61 of 2025, implementing export controls on certain rare earth-related items with Chinese components [2]. - The announcement's details, including the use of WPS format for attachments and the requirement for applications to be submitted in Chinese, have sparked significant public discussion [2][3]. Group 2: Response to U.S. Tariffs - In response to the U.S. imposing a 100% tariff on Chinese rare earth exports and other key software, the Ministry of Commerce emphasized that high tariffs are not the correct approach for U.S.-China relations [3]. - The Chinese government maintains a consistent stance against trade wars, expressing a willingness to engage in dialogue while also being prepared to take necessary measures to protect its rights [3]. Group 3: Company Overview - Kingsoft Office - Kingsoft Office, the developer of WPS Office, was founded in 1988 and is one of China's earliest internet software companies, with a diverse business portfolio including cloud computing and gaming [4]. - As of June 2025, WPS Office reported 651 million monthly active devices globally, marking an 8.56% year-on-year increase [4]. - The company's revenue for the first half of 2025 reached 2.657 billion yuan, a 10.12% increase year-on-year, with a net profit of 747 million yuan, reflecting a 3.57% growth [4].