Announcement of the Results for the Three Months Ended 31 March 2026

Kingsoft Corporation Limited reports its unaudited financial results for the first quarter ended 31 March 2026, highlighting a period of strategic investment in artificial intelligence and product development. The company generated total revenue of RMB2,416.7 million, representing a 3% year-on-year increase. Profit attributable to owners of the parent reached RMB1,091.3 million, a significant 284% increase compared to the same period in 2025, largely driven by net unrealized gains on equity investments.

The office software and services segment remains the primary revenue driver, contributing 67% of total quarterly revenue at RMB1,613.2 million, a 24% year-on-year increase. This growth is attributed to the successful integration of AI capabilities into the WPS Office suite, which bolstered user conversion rates and expanded the WPS 365 business within private and state-owned enterprises. Conversely, the online games and others segment recorded RMB803.5 million in revenue, a 22% year-on-year decline, primarily due to reduced performance from certain legacy titles, despite ongoing efforts to monetize new releases like Goose Goose Duck.

Operational metrics indicate a global reach, with monthly active devices for WPS Office reaching 672 million by March 2026. The company maintains a robust financial position, reporting cash and bank deposits of RMB23,304.2 million, which accounts for 56% of total assets. Research and development expenditures rose 14% year-on-year to RMB941.8 million, reflecting a sustained commitment to advancing AI-driven office solutions and enhancing gaming content. The company continues to prioritize long-term operational stability and the expansion of its AI-integrated product ecosystem across both domestic and international markets.