金山软件4Q25 业绩前瞻:我们预计金山软件4Q25 营收26 亿元,同比下滑5%/环比增长9%,预计4Q25 经营利润率环比提升至19%,对应25 全年经营利润率19%左右。整体来看,我们预计4Q25 公司业绩仍将呈现“游戏弱、办公强”的结构性分化特征。游戏业务受存量产品周期及低基数效应影响,环比或有小幅修复但同比下滑态势难改,2026 年新游上线为核心催化;金山办公受益于政企数字化深化、...
Source Link金山软件4Q25 业绩前瞻:我们预计金山软件4Q25 营收26 亿元,同比下滑5%/环比增长9%,预计4Q25 经营利润率环比提升至19%,对应25 全年经营利润率19%左右。整体来看,我们预计4Q25 公司业绩仍将呈现“游戏弱、办公强”的结构性分化特征。游戏业务受存量产品周期及低基数效应影响,环比或有小幅修复但同比下滑态势难改,2026 年新游上线为核心催化;金山办公受益于政企数字化深化、...
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