Kingsoft Office H1 2026 Net Profit Surges 236.94%, Revenue Reaches RMB 3.31 Billion

Bulletin Express
08/19

Kingsoft Corporation Limited (HKEX: 03888) disclosed key interim results of its STAR Market–listed subsidiary Beijing Kingsoft Office Software Inc. (“Kingsoft Office”, SSE: 688111) for the six months ended 30 June 2026. The figures are prepared under PRC accounting standards and cover only the Kingsoft Office Group.

Revenue accelerated 24.69% year on year to RMB 3.31 billion, driven by continued expansion across its office-software portfolio. Supported by operating leverage and a lower share of R&D expenses, total profit jumped to RMB 2.76 billion, up 254.50%.

Net profit attributable to shareholders of the listed company climbed 236.94% to RMB 2.52 billion, while net profit after deducting non-recurring items rose 241.99% to RMB 2.49 billion. Basic earnings per share advanced to RMB 5.44 from RMB 1.62, and diluted earnings per share reached RMB 5.41.

Profitability improved markedly: weighted average ROE rose 11.41 percentage points to 17.76%, and ROE after excluding non-recurring items reached 17.54%. R&D investment remained substantial at 34.76% of revenue, though down 1.31 percentage points from a year earlier.

Operating cash flow declined 12.96% to RMB 0.64 billion, reflecting higher working-capital outflows. Nevertheless, Kingsoft Office’s balance sheet strengthened; total assets expanded 15.00% to RMB 20.88 billion, and net assets attributable to shareholders increased 17.30% to RMB 15.08 billion as of 30 June 2026.

The disclosed figures are unaudited and relate solely to Kingsoft Office, excluding other subsidiaries within the Kingsoft Corporation group. Investors are advised to interpret the data accordingly when evaluating Kingsoft Corporation’s consolidated performance.

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