金山办公_买入评级_仍是软件国产化核心受益者

Equity Research Report 17 October 2025 Kingsoft Office (688111 CH) AI narrative remains intact. WPS AI 3.0 saw active user engagement and positive user feedback since its launch in July. Kingsoft Office also plans to launch a AI PC version of WPS Office based on Qualcomm X Elite, which could achieve faster response time with lower power consumption in opening large documents, complex spreadsheet calculation, and running multi tasks in parallel, per company. We remain positive on Kingsoft Office's AI monetis ...