Beijing Kingsoft Office Software (688111) Q4 2024 earnings summary

Executive summary

• Revenue reached RMB 5.12 billion in 2024, up 12.40% year-over-year, driven by innovation in collaboration and AI products.

• Net profit attributable to shareholders was RMB 1.65 billion, a 24.84% increase year-over-year.

• Main business lines maintained steady growth, with improved operational efficiency and higher investment income supporting profit expansion.

Financial highlights

• Operating profit rose 24.31% year-over-year to RMB 1.74 billion.

• Total profit increased 25.94% year-over-year to RMB 1.75 billion.

• Net profit excluding non-recurring items was RMB 1.56 billion, up 23.30% year-over-year.

• Basic EPS was RMB 3.56, up 24.48% year-over-year.

Outlook and guidance

• Continued focus on multi-screen, cloud, content, collaboration, and AI to drive product upgrades and market competitiveness.