The company's revenue increased by 11.09% year on year in the first half of the year, and the net income attributable to shareholders of the listed companies was 0.721 billion yuan, among which the personal office service subscription business achieved significant growth with a revenue growth of 22.17% year on year, reaching 1.53 billion yuan.
Driven by personal office subscription services, Kingsoft Office achieved steady growth in the first half of the year.
On Tuesday evening, August 20, Kingsoft Office announced its semi-annual financial report for 2024.
The main financial data are as follows:
Revenue: The company's revenue reached 2.413 billion yuan in the first half of the year, an increase of 11.09% year-on-year. Basic EPS and diluted EPS increased from 1.3 yuan in the same period last year to 1.56 yuan, a year-on-year increase of 20%.
Profit: Net profit attributable to shareholders of the listed company was 0.721 billion yuan, a year-on-year increase of 20.38%. Net profit after deducting non-recurring gains and losses was 0.688 billion yuan, a year-on-year increase of 19.35%.
Cash flow: Net cash flow generated from operating activities was 0.628 billion yuan, an increase of 5.51% year-on-year.
It is reported that Kingsoft Office's profit model mainly includes personal office subscription services, domestic institution subscription and service business, domestic institution authorization business, and international and other businesses.
The financial report shows that the company achieved significant growth in personal office subscription services during the reporting period, with revenue reaching 1.53 billion yuan, a year-on-year increase of 22.17%. In addition, domestic institution subscription and service business also achieved steady growth, with revenue of 0.442 billion yuan, a year-on-year increase of 5.95%.
It is worth noting that in the first half of the year, the cumulative annual paid user count of WPS's AI and premium members has exceeded one million, becoming a key driving force for the development of personal subscription services in China.
In addition, in the first half of the year, the company invested 0.808 billion yuan in R&D, an increase of 12.61% year-on-year. The research and development expense ratio was approximately 33%, an increase of 0.46 percentage points from the same period last year, indicating that the company is increasing its investment in technological innovation.
Kingsoft Office stated that it will continue to adhere to the "multi-screen, cloud, content, collaboration, AI" global strategy, seize new opportunities brought by large language models, and further enhance the company's core competitiveness through technological innovation and product iteration.