Beijing Kingsoft Office Software (688111) Q2 2025 earnings summary

Executive summary

• Revenue for H1 2025 reached ¥2.66 billion, up 10.12% year-over-year; net profit attributable to shareholders was ¥747 million, up 3.57% year-over-year.

• WPS 365 business revenue surged 62.27% year-over-year, while WPS personal business grew 8.38% and WPS software business declined 2.08%.

• R&D investment increased 18.70% year-over-year to ¥958 million, representing 36.07% of revenue.

• WPS Office global monthly active devices reached 651 million, up 8.56% year-over-year.

• Major product upgrades included the launch of WPS AI 3.0 and the introduction of the WPS Lingxi intelligent office agent.

Financial highlights

• Operating income: ¥2.66 billion, up 10.12% year-over-year.

• Net profit attributable to shareholders: ¥747 million, up 3.57% year-over-year.

• Operating cash flow: ¥738 million, up 17.51% year-over-year.

• Basic EPS: ¥1.62, up 3.85% year-over-year.

• Gross margin: 85.0%.

• R&D expenses: ¥958 million, up 18.70% year-over-year.

Outlook and guidance

• Management expects continued growth in AI-driven office solutions and further international expansion.

• WPS AI monthly active users expected to accelerate in H2 2025.

• Focus remains on AI, collaboration, and internationalization as strategic priorities.