Beijing Kingsoft Office Software (688111) investor relations material

Executive summary

• Q3 revenue rose 16.11% YoY to RMB 1.766 billion; reported net profit attributable to shareholders fell 72.30% to RMB 119.4 million, primarily as returns from some external fund investments declined.

• Adjusted Q3 net profit attributable to shareholders, excluding share-based compensation, fund-related investment income and related tax effects, grew 8.44% YoY to RMB 539 million.

• 9M revenue increased 21.57% to RMB 5.080 billion and attributable net profit rose 123.77% to RMB 2.637 billion, with higher associate and joint-venture investment returns contributing to the profit increase.

Financial highlights

• Q3 attributable net profit excluding non-recurring items was RMB 114.4 million, down 72.85% YoY; 9M was RMB 2.602 billion, up 126.48%.

• Q3 total profit was RMB 103.8 million, down 77.56% YoY; 9M total profit reached RMB 2.868 billion, up 130.85%.

• 9M investment income was RMB 1.587 billion; income from associates and joint ventures was RMB 202.1 million versus a RMB 21.2 million loss in the prior-year period.

• 9M operating cash flow was RMB 1.110 billion, down 13.07% YoY; total assets were RMB 20.498 billion at quarter-end, up 12.90% from year-end 2025.

Segment performance

• WPS Personal Q3 revenue was RMB 1.050 billion, up 16.78% YoY; AI product upgrades supported higher paid conversion and average spending per customer.

• WPS 365 Q3 revenue was RMB 270 million, up 33.83% YoY, supported by AI upgrades and wider enterprise customer coverage.

• WPS Software Q3 revenue was RMB 414 million, up 5.78% YoY, supported by government and enterprise demand for domestic office software and government AI products.

• WPS Office had 678 million global monthly active devices at Sep. 30, up 1.32% YoY; PC devices rose 7.83% to 341 million while mobile devices fell 4.50% to 337 million.