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Jinshan Office: Jinshan Office Report for the First Quarter of 2025
Beijing Kingsoft Office Software, Inc 2025 First Quarter Report.
Beijing Kingsoft Office Software, Inc (688111.SH): plans to promote a restricted stock incentive plan of no more than 3.46 million shares.
On April 23, Gelonghui reported that Beijing Kingsoft Office Software, Inc (688111.SH) announced a restricted stock incentive plan for 2025, planning to grant a maximum of 3.46 million shares of restricted stock to the incentive participants, which accounts for approximately 0.75% of the company's total share capital of 462.674004 million shares at the time of the announcement of this incentive plan draft. Among these, the initial grant will not be less than 80.66% of the total grant rights, corresponding to an initial grant of 2.791 million shares, which is about 0.60% of the company's total share capital at the time of the announcement of this incentive plan draft; the reserve portion will not exceed 19.34% of the total grant rights.
Beijing Kingsoft Office Software, Inc's Q1 Net income increased by 9.75%. Affected by the procurement process for new trust creation, WPS Software Business revenue decreased by 20.99% | Earnings Reports Insights.
In Q1, Beijing Kingsoft Office Software, Inc's revenue increased by 6.22% year-on-year, and Net income grew by 9.75% year-on-year. The traditional personal Business steadily grew, with WPS 365 performing impressively. However, due to the impact of the new procurement process in the 2025 trust creation program, the revenue from WPS Software business was 0.262 billion yuan, down 20.99% year-on-year.
Express News | Kingsoft Office Software Q1 Net Profit up 9.8% Y/Y
Bank of America Securities: Domestic software companies are less affected by tariffs, with a preference to "Buy" KINGSOFT and others.
Bank of America Securities released a Research Report stating that it maintains a "Buy" rating on KINGSOFT (03888), with the Target Price lowered from HKD 53 to HKD 52. The firm covers a total of 15 software and cloud companies with uneven performance in 2024 (including profit warnings or preliminary results), of which 4 exceeded expectations, 2 met expectations, and 9 fell below expectations. Generally, the companies with strong performance mainly engage in office software or public cloud business, such as KINGSOFT, Beijing Kingsoft Office Software, Inc (688111.SH), and Kingsoft Cloud (03896), benefiting from the increasing contribution of AI revenue; while the cybersecurity and real estate software sectors are projected to be affected in 2024.
