Shulou(Shulou.com)11/24 Report--

CTOnews.com October 26 news, Jinshan Office today released the third quarter report of 2022. In the first three quarters of 2022, the company's operating income reached 2.795 billion yuan, an increase of 17.83% over the same period last year. Revenue in the third quarter exceeded 1 billion yuan for the first time, reaching 1.004 billion yuan, an increase of 24.35 percent over the same period last year, a record high for a single quarter.

In the third quarter of this year, Jinshan office profitability continued to stabilize, achieving a deduction of 251 million of non-return net profit, an increase of 2.88 per cent over the same period last year. At the same time, the company continued to optimize the user experience, and the number of monthly active devices for major products increased by 10.94% to 578 million compared with the same period last year.

CTOnews.com learned that during the reporting period, the total revenue of Jinshan office subscription reached 699 million, an increase of 44.17% over the same period last year, accounting for 70% of the total revenue, driving the steady growth of the company's performance. Among them, domestic personal office service subscription business revenue rose 43% year-on-year to 517 million yuan, while institutional subscription and service revenue increased 47% year-on-year to 182 million yuan.

Under the background of the sharp decline in global smartphone and PC shipments, Kingsoft Office has maintained a steady growth in the number of monthly active devices. As of September 30, 2022, the number of monthly active devices of the company's main products reached 578 million, an increase of 10.94% over the same period last year. Among them, the number of monthly active devices of WPS Office PC version was 238 million, an increase of 15.53% over the same period last year; the number of monthly active devices of mobile version was 336 million, an increase of 8.04% over the same period last year.

In terms of R & D investment, in the first nine months of this year, Jinshan office R & D investment has reached 972 million yuan, an increase of 37.04% over the same period last year, and the R & D expenditure rate is as high as 34.78%. As of October 26, Jinshan office shares closed at 276.70 yuan, up 4.42%, with a total market capitalization of 127.6 billion.

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