Kingsoft Office(688111) 华尔街见闻·2025-04-23 13:04Core Insights - The company reported a revenue of 1.301 billion yuan in Q1, representing a year-on-year growth of 6.22% [2][6] - Net profit attributable to shareholders was 402.81 million yuan, reflecting a year-on-year increase of 9.75% [2][6] - The WPS software business experienced a decline in revenue, amounting to 262 million yuan, down 20.99% year-on-year, attributed to the new procurement processes under the "Xin Chuang 2025" initiative [3] Revenue Performance - Total revenue for the reporting period was 1.301 billion yuan, up from 1.225 billion yuan in the same period last year, marking a growth of 6.22% [2][6] - The personal business segment saw a revenue increase of 10.86%, contributing nearly two-thirds of total revenue [3] - WPS 365, a new business segment, achieved impressive revenue growth of 62.59%, reaching 151 million yuan [3] Profitability Metrics - Net profit attributable to shareholders was 402.81 million yuan, an increase of 9.75% compared to the previous year [2][6] - The net profit excluding non-recurring items was 389.84 million yuan, reflecting a growth of 10.72% [2][6] - Basic and diluted earnings per share were both 0.87 yuan, up 10.13% year-on-year [2][6] Cash Flow and R&D Investment - The net cash flow from operating activities was 35.22 million yuan, a significant decline of 77.05% year-on-year, primarily due to seasonal fluctuations in customer payments and increased employee-related cash expenditures [4] - R&D expenditure reached 470 million yuan, representing a year-on-year increase of 16.17%, with R&D investment accounting for 36.13% of total revenue, up 3.10 percentage points [4] Device Coverage and User Engagement - As of March 2025, the number of monthly active devices for WPS Office reached 647 million, a year-on-year increase of 7.92% [4] - The monthly active devices for the PC version were 301 million, up 11.30%, while the mobile version had 346 million, reflecting a growth of 5.14% [4]