Kingsoft (03888) has disclosed that its subsidiary, Beijing Kingsoft Office Software, Inc. (688111.SH), anticipates first-quarter 2026 revenues to reach approximately 1.565 billion to 1.662 billion yuan, reflecting a year-on-year increase of 20.24% to 27.68%. The company forecasts net profit attributable to shareholders for the same period to be between 2.022 billion and 2.307 billion yuan, marking a substantial growth of 401.89% to 472.81% compared to the previous year. Additionally, adjusted net profit, excluding non-recurring gains and losses, is projected to range from 1.999 billion to 2.282 billion yuan, representing a surge of 412.89% to 485.36%.
During the first quarter of 2026, Kingsoft Office continued to focus on its three core strategic pillars: artificial intelligence, collaboration, and international expansion. The company made steady progress in deploying comprehensive AI-driven services across all scenarios, maintaining a robust and positive operational trajectory. Investments in research and development for AI and collaborative technologies initiated earlier began yielding results, complemented by enhanced operational efficiency through refined management. All three core business segments experienced growth, leading to continuous improvements in profitability.
The WPS individual user business demonstrated resilience in its paying subscriber base, supported by ongoing upgrades to AI functionalities, contributing to stable revenue growth. The WPS 365 segment, leveraging extensive AI capabilities, showed strong growth momentum in the enterprise market, with significant order volumes from major clients driving rapid revenue expansion. The WPS software business benefited from sustained demand driven by domestic technology substitution initiatives and the implementation of customized AI solutions in government sectors, resulting in accelerated revenue growth.
Notably, the reporting period included substantial investment gains from certain external investment fund projects, which significantly contributed to the overall net profit growth. Excluding the impact of these investment returns, the company's net profit attributable to shareholders for the quarter would have been approximately 487 million to 544 million yuan, up 20.99% to 35.15% year-on-year. Adjusted net profit, excluding non-recurring items, would have been between 465 million and 519 million yuan, increasing by 19.19% to 33.14%.
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