Beijing Kingsoft Office Software, Inc officially announced the financial report data for the third quarter of 2024 today. In the third quarter, Beijing Kingsoft Office Software, Inc achieved revenue of 1.214 billion yuan, an 11% year-on-year increase; net income attributable to owners of the parent company was 0.318 billion yuan, an 8% year-on-year increase; net income attributable to owners of the parent company after deducting non-recurring gains and losses was 0.303 billion yuan, a 7% year-on-year increase, maintaining solid growth.

Monthly active devices of Beijing Kingsoft Office Software, Inc's main products reached a new historical high, with a monthly active device count of 0.618 billion, a 5% year-on-year increase.

WPS Asia Vets 2.0 is driving growth in personal office service subscription business.

In the main business, domestic personal subscription business revenue in the third quarter was 0.762 billion yuan, a 17% year-on-year increase. The commercialization achievements of Beijing Kingsoft Office Software, Inc's WPS Asia Vets have begun to show.

During the reporting period, Beijing Kingsoft Office Software, Inc continued to focus on personal users' AI office needs. In July 2024, WPS Asia Vets 2.0 was released, adding four major AI office assistants for individual users. By providing users with a more convenient and efficient creative experience, it effectively promotes user stickiness and improves conversion to paid services.

The four new AI office assistants include AI Writing Assistant, AI Reading Assistant, AI Data Assistant, and AI Design Assistant. The AI Writing Assistant can provide services such as AI help me write, AI help me edit, and AI collaborative writing; the AI Reading Assistant can analyze, summarize, and answer questions on documents; the AI Data Assistant can perform calculations, analysis, and categorization of massive data based on natural language input; the AI Design Assistant can quickly complete tasks such as layout, design style, and image processing.

Continued increase in research and development investment, WPS Asia Vets 2.0 fully integrated into WPS 365.

In the third quarter of 2024, research and development investment by Beijing Kingsoft Office Software, Inc was 0.454 billion yuan, a 27% year-on-year increase, accounting for 37% of revenue. By further increasing research and development investment, it continues to inject momentum into business development.

Beijing Kingsoft Office Software, Inc. fully embeds the capabilities of WPS AI 2.0 into the WPS 365 new productivity platform, exploring the application boundaries of AI in various industries and scenarios. For example, the WPS 365 multidimensional table developed by Beijing Kingsoft Office Software, Inc. is the first in the industry to support applications with 1 million rows of data, enabling zero-code construction of business-specific management systems, supporting integration with various mainstream communication tools on the market, and helping enterprises manage and improve efficiency using a multidimensional table.

WPS AI 2.0 includes the WPS AI Enterprise Edition and WPS AI Government Edition. The WPS AI Enterprise Edition can upgrade traditional enterprise documents to intelligent document libraries with one click, and provide intelligent question and answer functions. The WPS AI Government Edition can improve internal office processes and empower external service systems by enabling functions such as policy inquiries, item inquiries, and result inquiries. Beijing Kingsoft Office Software, Inc. is currently leveraging AI to drive the development of subscription services and service businesses for domestic institutions, laying a foundation for the company's long-term stable growth.

WPS 365 has launched multiple versions based on enterprise size and usage scenarios, such as the WPS 365 Education Edition tailored for educational institutions. Currently, Beijing Kingsoft Office Software, Inc. has served over 18,000 top government and enterprise customers, helping organizational clients simplify work processes and enhance efficiency.