Beijing Kingsoft Office Software, Inc (688111.SH): AI and collaboration will remain the focus of innovation in 2024.

All in AI, collaborative office, security governance, ecological cooperation... Recently, Beijing Kingsoft Office Software, Inc(688111.SH) publicly stated that it will continue to promote technological innovation in core products in the AI and collaboration fields by 2024, providing the market with collaborative, efficient, and secure office experiences. With security, efficiency, reliability, and convenience becoming important goals for the development of information technology and software industry, as the leading domestic office brand, Beijing Kingsoft Office Software, Inc has launched measures such as WPS AI and shutting down third-party commercial advertisements in the past year, allowing users to continuously enjoy the convenience brought by artificial intelligence for collaborative office work and helping facilitate easy office work, becoming a new model of innovation in China's digital office field. All in AI: The launch of the heavyweight product, WPS AI As one of the most commonly used tools for Chinese office work, WPS AI has been integrated into the WPS text, presentation, spreadsheet, PDF, and Kingsoft Document product lines to solve users' daily office problems in content generation, content understanding, and command operation. In the first half of last year, with the popularity of large-scale models, Beijing Kingsoft Office Software, Inc utilized over 30 years of technological accumulation and released the WPS AI intelligent office assistant based on large language models, positioning it in three strategic directions: AIGC (content creation), Copilot (smart assistant), and Insight (knowledge insight). In April of last year, the highly anticipated WPS AI made its debut, showcasing its AIGC capabilities to everyone, and in the following months, it underwent multiple rounds of product evolution at an astonishing speed. In May, WPS AI officially integrated with the four major daily office components: text, international version of the spreadsheet, PPT presentations, and PDF, demonstrating its deep-level capabilities in reading comprehension and question answering, as well as human-computer interaction. In July, Beijing Kingsoft Office Software, Inc showcased WPS AI at the 2023 World Artificial Intelligence Conference, simultaneously launching the WPS AI official website and recruiting intelligent office experience officers. WPS AI was integrated into multiple office product components of Beijing Kingsoft Office Software, Inc, and the existing lightweight documents and spreadsheets were upgraded and renamed as WPS Intelligent Documents, WPS Intelligent Spreadsheets, and WPS Intelligent Forms, further empowering intelligent office in new scenarios. In September, at the 2023 Beijing Kingsoft Office Software, Inc Technology Open Day, Beijing Kingsoft Office Software, Inc further announced that WPS AI had been integrated into all of Beijing Kingsoft Office Software, Inc's products and showcased the latest progress of its self-developed models, which were based on open-source frameworks and trained and optimized to help WPS AI become the first AI office application landing in China. With the rapid evolution of WPS AI, Beijing Kingsoft Office Software, Inc has established more efficient, innovative, and rich connections with users. Last year, the Beijing Kingsoft Office Software, Inc City Talk salon landed in Shanghai, Guangzhou, and Wuhan in three consecutive events, with WPS AI serving as a communication link and inviting numerous big names from the entertainment industry, film and television industry, and art industry to join Beijing Kingsoft Office Software, Inc product line managers and fans from various regions to discuss cutting-edge topics together. In addition, the "WPS AI Player" IP was created to popularize application scenarios to more users. Players such as technology media Aifaner, Hengyuanxiang New Media Operation, high school Chinese teachers, and the Zhihu platform have all obtained efficient intelligent office experiences through WPS AI. Collaborative Office: WPS 365 opens up a new office experience The digital transformation of enterprises influences economic growth, and collaborative office products are an important breakthrough for the current enterprise digital transformation and upgrading. Driven by the AIGC boom, the demand for collaborative office is increasing, and the scale of the digital office market continues to expand. Last year, Beijing Kingsoft Office Software, Inc utilized its profound technological expertise to launch a new one-stop digital office platform, WPS 365, towards enterprise users, opening up a more flexible, simple, efficient, and secure office experience. Also in April last year, Beijing Kingsoft Office Software, Inc announced the official launch of its new product, WPS 365. This product matches business development with the concept of unified tools, unified collaboration, and unified management, realizing efficient collaboration and secure control for the entire organization and providing users with an efficient one-stop digital office platform. In order to accelerate the popularization of the product and bring more efficient digital office experiences to more business users, improving the underlying efficiency of various industries, Beijing Kingsoft Office Software, Inc launched the "WPS 365 Digital Office China Tour" after its successful launch in Shanghai. It continued to tour cities such as Wuhan, Suzhou, Guangzhou, and Harbin, showcasing the digital office solution capabilities of WPS 365. During this process, multiple high-end manufacturing companies wereThe company announced its participation in the "Pioneering Manufacturing Industry Co-construction Program" of Beijing Kingsoft Office Software, Inc., jointly creating high-end manufacturing digital office scenes, and promoting continuous innovation in industry solutions.Last year at the Chengdu Universiade, WPS 365 provided collaborative office software and security management services, as well as customized services based on the characteristics of the sports events. As a digital office suite aimed at enterprise organizations, WPS 365 provided support for various office applications such as team management, document processing, meeting processing, volunteer organization management, ticket collection, hotel customer groups, venue item information statistics, medal statistics, audience reception, vehicle allocation, tour planning, and emergency event reporting, providing strong technical support for the well-organized Universiade and receiving unanimous recognition. At the same time, WPS 365 continues to empower the digital transformation of large enterprise customers. Hubei Airport Group, with a workforce of over 5000 employees, partnered with Beijing Kingsoft Office Software, Inc. to focus on the pain points and difficulties of collaborative office work in their daily operations. Through micro-innovations in office scenarios such as inspiring employees' digital creativity, innovating business development methods, revolutionizing team collaboration models, and optimizing comprehensive office processes, the digital level of Hubei Airport Group's office work was effectively improved, achieving a transformation through digitization. Similarly, Perfect World, an entertainment industry group with over 6000 employees, partnered with WPS 365 to build an all-in-one collaborative office platform under a private deployment environment. As a unified entrance to enterprise office scenarios, this platform enables over 6000 employees of Perfect World to connect and work on a daily basis. Security governance: Promoting the creation of a secure "shield" for society In addition to efficiency and innovative experiences, "security" is also a distinct label of Beijing Kingsoft Office Software, Inc's products. Over the past year, Beijing Kingsoft Office Software, Inc has actively participated in the innovation of social information security assurance through concrete actions. In October last year, the "Tianfu Cup" 2023 International Network Security Competition was held at the Chengdu Tianfu International Convention Center. The security technology team of Beijing Kingsoft Office Software, Inc stationed at the event site before the start of the competition to provide technical support and security guarantee for the smooth operation of the competition, promoting the development of cutting-edge technologies in network security. In November, at the World Internet Conference's Network Security Symposium, Beijing Kingsoft Office Software, Inc explained its own information security protection measures and called for joint efforts from all parties to respond to current challenges and promote the sustainable development of artificial intelligence technology. In December, at the "Conference on the Innovative Application and Security Governance of Large-scale Models" held in Guangzhou, Beijing Kingsoft Office Software, Inc called for cooperation across industries to jointly solve the problems of large-scale model security and ethical issues, promoting the sustainable development of artificial intelligence in China. Ecological cooperation: Empowering across industries, advancing together Based on the leading advantages of its innovative products, over the past year, Beijing Kingsoft Office Software, Inc has completed multiple cross-industry cooperative initiatives, contributing its strength to the efficiency upgrade of various industries. Impressive examples include: collaborating with Baidu Intelligent Cloud to integrate Wenxin Yiyu into Baidu Intelligent Cloud's Qianfan large-scale model platform, utilizing the Chinese advantage of Wenxin Yiyu to make WPS AI more suitable for Chinese office habits; deep cooperation with Xiaomi Penglai OS, inviting users to experience a new mobile intelligent office and allowing users to experience WPS AI on Xiaomi 14; partnering with NVIDIA to improve the reasoning efficiency of image document recognition and understanding, enhancing the experience of WPS AI services; cooperating with Amazon Web Services to establish a stable cloud infrastructure, achieving breakthroughs in AI innovation capabilities; signing a strategic cooperation agreement with Alibaba Cloud and jointly expanding the ecosystem, meeting the digital transformation needs of customers with ecosystem partners; cooperating with Iflytek Co., Ltd. to engage in deep cooperation in digital office products, industry solutions, AI large-scale models, and integrated open capabilities, jointly building a digital and intelligent service ecosystem. "All in AI, collaborative office, security governance, and ecological cooperation" are the key themes for Beijing Kingsoft Office Software, Inc in 2023, and they will also be the focus of its work in 2024. The responsible person of Beijing Kingsoft Office Software, Inc stated that collaborative office products are an important breakthrough point for current enterprise digital transformation and upgrade. In 2024, the company will focus on AI and collaboration as its two major strategies, continuing to uphold the company's mission of "simple creation, easy expression, and connecting value," and providing high-quality products, services, and experiences.