Kingsoft Office (688111.SH) will have a net profit attributable to the parent company of about 1.645 billion yuan in 2024, and the business income of WPS 365 will increase by 149.33%
DATE:  Mar 19 2025

Kingsoft Office (688111.SH) released its 2024 annual report, and the company's operating income was 5.121 billion yuan, a year-on-year increase of 12.40%. net profit attributable to shareholders of listed companies was 1.645 billion yuan, a year-on-year increase of 24.84%. The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 1.556 billion yuan, a year-on-year increase of 23.30%. Basic earnings per share was 3.56 yuan. In addition, it is proposed to distribute a cash dividend of 9.00 yuan (tax included) to all shareholders for every 10 shares.

During the reporting period, WPS's personal business revenue was 3.283 billion yuan, a year-on-year increase of 18%. As of December 31, 2024, WPS Office had 632 million monthly active devices worldwide, up 6.22% year-over-year. Among them, the number of monthly active devices of WPS Office PC version was 291 million, a year-on-year increase of 9.81%; The number of monthly active devices of WPS Office mobile version was 341 million, a year-on-year increase of 3.33%.

During the reporting period, the company's WPS 365 business revenue was 437 million yuan, a year-on-year increase of 149.33%. During the reporting period, with its perfect product strength and high-quality services, the company's new WPS 365 benchmark customers include China Resources Group, COFCO, China Railway, Sinopharm Group, China Green Hair, Jiangxi Bank, New Oriental, Taikang Insurance, Haier and other well-known enterprises. During the reporting period, WPS software business revenue was 1.268 billion yuan, a year-on-year decrease of 8.56%.

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