Q3 2025 Kingsoft Corporation Ltd Earnings Call (Chinese, English) Transcript
Key Points
- Kingsoft Corp Ltd (KSFTF) reported a quarter-on-quarter revenue increase of 5%, reaching RMB2.419 billion.
- The WPS 365 business saw significant growth, with revenue increasing by 72% year-on-year.
- WPS Office's global monthly active devices increased by 9% year-on-year, indicating strong user engagement.
- The company has a strong cash position with cash resources of RMB26 billion as of September 30, 2025.
- Kingsoft Corp Ltd (KSFTF) is actively expanding its international presence, particularly with its WPS Office and 365 products.
- Total revenue decreased by 17% year-on-year, indicating challenges in maintaining growth.
- Revenue from online games and other business segments decreased by 47% year-on-year.
- Gross profit decreased by 21% year-on-year, with a gross profit margin decline of 4 percentage points.
- Research and development costs increased by 4% year-on-year, impacting overall profitability.
- Selling and distribution expenses rose by 55% year-on-year, reflecting higher promotional costs.
Good day and thank you for standing by. Welcome to Kingsoft Corporation quarter 2025 earnings conference call. (Operator Instructions) Please be advised that today's conference is being recorded.
And I'd like to hand the conference over to your first speaker today, Ms. Ian Lee, IR director of Kingsoft. Please go ahead.
Thank you operator.
Ladies and gentlemen, good evening and good morning. I would I'd like to welcome everyone to our 2025 3rd quarter earnings call. I'm Li Yunnan, the director of Kingsoft. I would like to start by reminding you that some information provided during the earnings call may include forward-looking statements, which may not be relied upon in the future for various reasons. These forward-looking statements are based on our information and information from other sources which we believe to be reliable. They refer to the other publicly disclosed documents for detailed discussion on risk factors which may affect our business and operations. Additionally, in today
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