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Every AI Flash, Zhongyuan Securities released a research report on November 3rd, giving Kingsoft Office (688111.SH) a "hold" rating. The reasons for the rating mainly include: 1) the company released its third quarter report for 2025; 2) in the third quarter, the company showed clear acceleration signs, and from the perspective of sub-businesses, all three major businesses of the company showed positive signs. The adjustment of product structure promoted the improvement of gross profit margin. With stable performance guaranteed, the company continued to maintain a rapid increase in expenses in 2025; 3) as an important partner of pure-blood Hongmeng, the company benefits from the development and growth of the Hongmeng ecosystem; 4) 2025, as the final year of the 14th Five-Year Plan, shows clear signs of increasing investment in basic software; 5) artificial intelligence enters the landing stage, and the landing of AI enhances the demand for company products. (Daily Economic News)