Kingsoft Office(SH:688111) 中国基金报·2025-10-12 14:12Core Viewpoint - The article discusses the recent developments regarding China's export control on rare earth-related items and the implications for domestic software applications, particularly highlighting the significance of WPS Office in this context [3][4][5]. Group 1: Export Control and Software Implications - On October 9, the Ministry of Commerce announced export controls on certain overseas rare earth-related items with Chinese components, marking a shift in regulatory approach [3]. - The announcement's attachment was notably changed to WPS format, emphasizing the promotion of domestic software and the requirement for applications to be submitted in Chinese, which reflects a stronger regulatory stance [3][4]. - The Ministry of Commerce responded to the U.S. imposing a 100% tariff on Chinese rare earth exports, asserting that high tariffs are not the correct approach for bilateral relations and reaffirming China's position against trade wars [4][5]. Group 2: Company Performance and Financials - Kingsoft Office reported a global monthly active device count of 651 million for WPS, a year-on-year increase of 8.56%, with the PC version growing by 12.29% and the mobile version by 5.48% [6]. - For the first half of 2025, Kingsoft Office achieved a revenue of 2.657 billion yuan, up 10.12%, and a net profit attributable to shareholders of 747 million yuan, reflecting a 3.57% increase [6]. - The company invested 959 million yuan in R&D, a growth of 18.70%, with R&D expenses accounting for approximately 36% of total revenue, and the workforce in R&D increased by 18.12% [6].