China’s Kingsoft Releases All-in-One AI Office Suite to Raise the Bar in Workplace Software

Kingsoft Office has launched an AI-powered office suite, aiming to set a new standard in collaborative software. The suite includes an intelligent document library, Digital Employee 2.0, and a private cloud solution. CEO Zhang Qingyuan emphasizes the importance of an "enterprise brain" driven by AI. The WPS 365 suite differentiates itself by organizing chat content and meeting documents, unlike Microsoft's email-focused approach. Kingsoft's revenue from its office suite rose significantly, highlighting the growing demand for AI integration in workplace tools.

Dongfang Securities has upgraded Kingsoft Office's rating to Buy; target price is RMB 409.53

Kingsoft Office Q3 Profit Up 35%; Shares Jump 11%

Kingsoft Office Q3 Profit Up 35%; Shares Jump 11%

The software service sector strengthens, with SERVYOU and others hitting the limit up

The software service sector strengthened, with SERVYOU hitting the daily limit, RONGJI SOFTWARE previously hitting the daily limit, and Kingsoft Office, Century Rui'er, Top Yun Nong, INTSIG, and others leading in gains

Understanding the Market | KINGSOFT rises nearly 4% against the trend, Kingsoft Office's third-quarter net profit increased by nearly 40% year-on-year, with significant growth in all WPS businesses

KINGSOFT Software rose nearly 4% against the market, as of the time of writing, up 4.13% to HKD 33.82, with a transaction volume of HKD 414 million. In terms of news, KINGSOFT Software announced that its subsidiary Kingsoft Office achieved an operating income of RMB 4.178 billion in the first three quarters, a year-on-year increase of 15.21%; net profit attributable to the parent company was RMB 1.178 billion, a year-on-year increase of 13.32%; and net profit attributable to the parent company after deducting non-recurring gains and losses was RMB 1.149 billion, a year-on-year increase of 15.94%. In the third quarter, the operating income was approximately RMB 1.521 billion, a year-on-year increase of 25.33%. The net profit was approximately RMB 463 million, a year-on-year increase of 39.38%. During the reporting period, all three main businesses of Kingsoft Office achieved significant year-on-year revenue growth: WPS personal business revenue was RMB 899 million, a year-on-year increase of 11%, accounting for 59% of total revenue; revenue from WPS 365 for organizational customers was RMB 201 million, a year-on-year increase of 72%, accounting for 13% of total revenue; and revenue from WPS software business was RMB 391 million, a year-on-year increase of 51%, accounting for 26% of total revenue