Yangtze River Business Daily News ● Yangtze River Business Daily reporter Li Jing

On March 10, the new Wuhan campus of Kingsoft Office was officially opened. As Kingsoft Office (688111. SH) is an important fulcrum of the national R&D system, and the Wuhan Park will carry the functions of core technology R&D, product innovation and talent cultivation, and further promote technological innovation in the office field.

"After 8 years, today we have finally ended 'Han Drift'." Zhang Yuanqing, CEO of Kingsoft Office, said at the housewarming ceremony that 8 years ago, Kingsoft Office was just a small team in Wuhan, and now it has focused on more than 2,000 R&D personnel, becoming the largest R&D base of Kingsoft Office.

It is worth noting that Wuhan recently released the "2025 Artificial Intelligence Industry Development Action Plan", which makes it clear that the "artificial intelligence +" action will be implemented in depth this year, and the city's key advantageous industries will be driven by artificial intelligence large model +.

As the core and most important technical position of Kingsoft Office, Wuhan will further expand its investment layout in Wuhan and Optics Valley in the future, promote the company's revenue in Han to achieve leapfrog growth, and help the development of Hubei artificial intelligence industry to a new level. The construction of a R&D base for 10,000 people has become the next goal of Kingsoft Office in Wuhan.

Wuhan has become the largest R&D base

According to public information, Kingsoft Office was established in 1988 and listed on the Science and Technology Innovation Board in 2019. As of the close of trading on March 11, Jinshan Office closed at 355.89 yuan per share, with a market value of more than 164.6 billion yuan. As the chairman of Kingsoft Software, Lei Jun currently indirectly holds about 13.88% of the equity of Kingsoft Office and is the actual controller of the company.

Jinshan Wuhan Headquarters Project is located in Wuhan Optics Valley New Area, adjacent to Optics Valley 4th Road to the east, Xiaomi Wuhan Science and Technology Park to the north, and close to the Optics Valley Ecological Corridor. The project began in 2017 when Lei Jun responded to the call of "millions of alumni to return to Han", and it is also one of the good stories of Lei Jun giving back to his hometown. The project started construction in early 2021, with a total investment of 4 billion yuan, covering an area of about 78,000 square meters (118 acres) and a total construction area of 280,000 square meters.

It is understood that Kingsoft Wuhan headquarters will have an in-depth layout of digital culture, cloud services and other industrial fields, covering 12 business lines such as Kingsoft Office, Kingsoft Cloud, Kingsoft World Tour, etc., and will build a global game distribution center, Kingsoft Office International Headquarters, remote collaborative office R&D headquarters, art base, digital medical and other business sectors, which is the second headquarters outside the Beijing headquarters that the company strives to build.

From the perspective of performance, Kingsoft Office has continued to promote the optimization of business structure in recent years, and since 2019, the company's operating income and net profit have maintained continuous growth. In 2024, the company will achieve revenue of 5.121 billion yuan, a year-on-year increase of 12.4%; The net profit attributable to the parent company was 1.645 billion yuan, a year-on-year increase of 24.84%.

For the performance growth in 2024, Kingsoft Office pointed out in the recently released performance express report that the company's operation is stable and progressive, focusing on the core strategic direction of "multi-screen, cloud, content, collaboration, and AI", continuing to increase R&D investment in the field of collaboration and AI, driving product iteration and upgrading with innovation, and creating a product system that is more suitable for user needs, effectively enhancing the company's market competitiveness and industry influence in the field of smart office.

In terms of R&D investment, Kingsoft Office has spent more than 1 billion yuan on R&D every year for four consecutive years since 2021. From 2021 to 2023, the company's R&D investment will be 1.082 billion yuan, 1.331 billion yuan, and 1.472 billion yuan respectively. In the first three quarters of 2024, Kingsoft Office's R&D investment has reached 1.262 billion yuan, a year-on-year increase of 17.26%. In the past four years, Kingsoft Office has spent a total of 5.147 billion yuan on R&D, helping to enhance the company's market competitiveness and industry influence in the field of smart office.

It is worth mentioning that today's Jinshan office is inseparable from the in-depth layout in Wuhan. Since landing in Wuhan in 2017, Kingsoft Office has continued to deploy in Wuhan Optics Valley. After 8 years of construction, there is now a R&D team of more than 2,000 people, and Wuhan has become the largest R&D base of Kingsoft Office.

Jointly build an artificial intelligence industry highland

As the vanguard of the domestic software industry and the main force of the Internet technology industry, Kingsoft Office has been actively building an innovation, industry and talent highland in Wuhan for 8 years, and has continued to jointly explore talent training plans with Wuhan universities to jointly promote the comprehensive development of professionals in information technology, big data and digital culture.

School-enterprise co-education, innovation source. Up to now, Kingsoft Office has signed school-enterprise cooperation agreements with Huazhong University of Science and Technology, Wuhan University, China University of Geosciences, Wuhan University of Technology and other Wuhan universities to carry out cooperation in multiple dimensions such as talent training, employment absorption, and scientific research co-creation.

At the policy level, Wuhan leads the development of new productive forces with scientific and technological innovation, deeply implements the "artificial intelligence +" action, continuously strengthens the construction of national strategic scientific and technological forces represented by artificial intelligence models, and brings great support and practical help to Wuhan artificial intelligence enterprises including Kingsoft Office in industrial projects, computing power subsidies, financial support, promotion and application, etc.

In December last year, the Kingsoft Office Government Affairs Model was officially released in Wuhan, and Wuhan East Lake High-tech Zone and Kingsoft Office signed a strategic cooperation agreement, and the two sides will work together to promote the implementation of the Government Affairs Model in Wuhan and accelerate the application and development of artificial intelligence in the field of government affairs.

The relevant person in charge of Kingsoft Office said that the government affairs model is the first vertical field model independently developed by Kingsoft Office, marking another solid step in the intelligence of Kingsoft Office. In the next step, we will continue to increase R&D investment, take Wuhan as the core and most important technical position of Kingsoft Office, and help the development of Hubei artificial intelligence industry to a new level.

The relevant person in charge of the East Lake High-tech Zone also said that in the next step, Optics Valley will accelerate the introduction of special policies in the field of artificial intelligence, demonstrate application scenarios, and empower thousands of industries. The two sides will give full play to their respective advantages and write a glorious chapter in jointly building the highland of Wuhan's artificial intelligence industry.

The Yangtze River Business Daily reporter also noticed that a recent online game called "Limit Relief Machine" has opened a large-scale global test and has become one of the most anticipated game works by gamers around the world in 2025. This game is independently developed and published by Chengdu Xishan Jushiyou Technology Co., Ltd., a subsidiary of Kingsoft Office, which fills the gap in the field of mecha e-sports in China.

In May last year, Wuhan issued a special policy for the game industry, proposing a series of specific and effective measures to support the creation and production of game boutiques, the online operation of products, and the development of market entities. At present, the animation and game industry of Optics Valley has become an important part of the cultural industry in the new era.

Kingsoft Office said that relying on the industrial chain advantages of Wuhan and Optics Valley, it will also make a layout in the future to help the ecological upgrading of the local game industry.

Visual China Diagram

Editor-in-charge: ZB