Kingsoft Office (688111) released its half-yearly report for 2025, showing a steady growth trend. The company achieved an operating revenue of 2.657 billion yuan in the first half of the year, an increase of 10.12% year-on-year; net profit attributable to shareholders of the parent company was 747 million yuan, up 3.57% year-on-year; and non-recurring net profit was 727 million yuan, up 5.77% year-on-year.
AI Technology Leads to New User Growth
The deep application of AI technology has brought significant results to Kingsoft Office. As of June 30, the monthly active users of WPS AI reached 29.51 million, a significant increase from 19.68 million at the end of 2024. The monthly active devices of WPS Office reached a new historical high of 651 million, an increase of 8.56% year-on-year, with 305 million monthly active users on the PC version and 346 million on the mobile version.
Regarding personal business, WPS personal business revenue was 1.748 billion yuan, an increase of 8.38% year-on-year. The cumulative annual paid individual users in China reached 41.79 million, an increase of 9.54% year-on-year; overseas paid users were 1.89 million, with revenue of 129 million yuan. The overseas market has continuously improved user growth efficiency through optimized local operations and AI benefit deployment.
WPS365 Becomes a New Growth Engine
The enterprise market performed outstandingly, with WPS365 business revenue reaching 309 million yuan, an increase of 62.27% year-on-year, becoming a new growth engine for the company's business. This business accelerated the implementation of industry solutions, covering 75% of "Double First-Class" universities in the education sector, serving over 1,000 universities and 20 million students and teachers.
In the government and enterprise field, WPS365 launched the "Enterprise Brain" solution, integrating AI Hub, AI Docs, and Copilot Pro, adding key clients such as China Unicom, Yangtze Three Gorges Group, and China Electric Equipment Group. The upgraded intelligent document library has a table recognition recall accuracy rate of over 95%, and its multi-format document parsing capability is leading in the industry.
WPS AI 3.0 Reconstructs a New Office Paradigm
During the reporting period, Kingsoft Office launched WPS AI 3.0 and introduced the native Office office intelligence agent - WPS Lixi, redefining the integration model of AI and office software through "two-way transformation." WPS Lixi was awarded the "Treasure of the Exhibition" award at the 2025 World Artificial Intelligence Conference, featuring advantages such as multi-turn dialogue, controllable modifications, and format retention.
Innovative features include the "left-side Office, right-side Lixi" screen interaction method for AI document editing, WPS AIPPT supporting natural language dynamic optimization of outlines, and the industry's first "chat with documents" Lixi voice assistant. The WPS knowledge base supports one-click upgrade to cloud documents, with a single file parsing capacity of up to 500M.
Continuous Increase in Technical Investment
The company invested 959 million yuan in R&D in the first half of 2025, an increase of 18.70% year-on-year, with an R&D cost ratio of approximately 36%. As of the end of the reporting period, there were 3,533 R&D personnel, accounting for about 66% of the total number of employees, providing solid support for technological breakthroughs.
Research reports from Dongwu Securities and Huachuang Securities both expressed optimism about Kingsoft Office's investment value in the AI + enterprise services field, believing that the company has important opportunities under the context of large-scale AI Agent implementation.
