金山办公_买入_AI 货币化将加速

5 March 2025 Equity Research Report Kingsoft Office (688111 CH) Buy: AI monetisation to accelerate 4Q24 preliminary results beat our estimates; solid earnings growth to continue: Kingsoft Office's 4Q24 revenue and net profit growth of 16% and 43% y-o-y beat our expectations due to better business-side revenue growth and cost controls. Previously, we expected lower compute costs and more upgraded AI functions to drive accelerated AI monetisation for Kingsoft (China Software, 9 January 2025). With enhanced AI ...