KINGSOFT(03888): Beijing Kingsoft Office Software, Inc (688111.SH) expects its net profit attributable to the parent in the first quarter to be approximately 2.022 billion to 2.307 billion yuan, a year-on-year increase of 401.89% to 472.81%.

KINGSOFT (03888) stated that Beijing Kingsoft Office Software, Inc. (688111.SH) is expected to achieve operating income of approximately 15.65 billion to 16.62 billion yuan in the first quarter of 2026, an increase of 20.24% to 27.68% year-on-year; it is expected to achieve a net profit attributable to the owners of the parent company of approximately 20.22 billion to 23.07 billion yuan in the first quarter of 2026, an increase of 401.89% to 472.81% year-on-year; it is expected to achieve a net profit attributable to the owners of the parent company excluding non-recurring gains and losses of approximately 19.99 billion to 22.82 billion yuan in the first quarter of 2026, an increase of 412.89% to 485.36% year-on-year. In the first quarter of 2026, Beijing Kingsoft Office Software, Inc. continued to focus on the three core strategies of "AI, collaboration, and internationalization," steadily advancing the landing of AI full-scene service capabilities. The overall operation maintained a stable and positive trend, with the company's previous investment in R&D in the AI and collaboration areas gradually showing results, combined with the improvement in operational efficiency. All three core businesses saw growth, and the quality of profitability continued to improve. The WPS personal business continued to iterate and upgrade with the support of AI functions, highlighting the resilience of its paid user base, and business revenue maintained steady growth; the WPS 365 business achieved comprehensive coverage upgrade with AI capabilities. The enterprise-level track has sufficient growth momentum, with continued volume growth in orders from top clients driving high-speed growth in business revenue; the WPS software business benefited from the continuous release of creativity replacement demand and the landing of customized AI demands in government scenarios, driving rapid growth in business revenue. During the reporting period, Beijing Kingsoft Office Software, Inc. gained significant investment income from some external investment fund projects, contributing significantly to the overall net profit growth of the company for this reporting period. Excluding the impact of such investment income, the net profit attributable to the parent for this reporting period is approximately 4.87 billion to 5.44 billion yuan, an increase of 20.99% to 35.15% year-on-year; the net profit excluding non-recurring gains and losses is approximately 4.65 billion to 5.19 billion yuan, an increase of 19.19% to 33.14% year-on-year.