Kingsoft Corporation, a privately owned Chinese software company founded in 1988 and headquartered in Beijing, employs approximately 1440 people. Its primary business is software development, encompassing several subsidiaries with distinct focuses. These include Seasun (video game development), Cheetah Mobile (mobile internet applications), Kingsoft Cloud (cloud storage platforms), and WPS (office software, notably WPS Office). Kingsoft also has a history of producing security software.
On February 27, 2025, Kingsoft Office released an announcement regarding its 2024 annual performance report. The report showed operating income reached 5.121 billion yuan, a 12.40% year-on-year increase. Net profit attributable to the parent company's owner was RMB 1.645 billion, a 24.84% year-on-year increase. A subsequent report, released on March 20, 2025, by Passionategeekz, provided similar figures, reporting operating income of 5.121 billion yuan (a 12% year-on-year increase), net profit attributable to shareholders of RMB 1.645 billion (a 25% year-on-year increase), and net profit attributable to shareholders, excluding non-operating items, of 1.556 billion yuan (a 23% year-on-year increase). A preliminary report also indicated a 24.8% year-on-year increase in net profit for 2024. A JPMorgan research report noted increased investor interest in software applications platforms and cutting-edge AI, including Kingsoft Office, following a stock market rally triggered by the AI model DeepSeek since January 20, 2025.
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