**: Hexun Finance.
On February 27, Kingsoft Office disclosed the 2023 annual performance report, the operating situation, financial status and main factors affecting the operating performance in the reporting period In 2023, the company continued to maintain a stable business situation, and the company's overall performance continued to grow, driven by the individual and institutional subscription business. At the same time, the company continues to invest in R&D in the field of AI and collaboration, and continuously enhances product competitiveness and accelerates the commercialization process through technological innovation, product iteration, performance improvement and other measures, further consolidating the company's competitive barriers.
During the reporting period, the company achieved operating income of 455.6 billion yuan, a year-on-year increase of 1727%；Net profit attributable to owners of the parent company was 131.9 billion yuan, a year-on-year increase of 1803%；Net profit attributable to owners of the parent company after deducting non-recurring gains and losses126.4 billion yuan, a year-on-year increase of 3458%。
In response to the diversified needs of individual users, the company optimized the experience of using the whole line of products, and at the same time upgraded the membership rights and interests system, and continuously improved the payment conversion and customer unit price of individual users by providing a membership system with rich rights and interests and flexible structure, which drove the steady growth of the domestic personal office service subscription business, and achieved a revenue of about 26 during the reporting period5.3 billion yuan, a year-on-year increase of about 2942%。
In order to further meet the needs of government and enterprise customers for cost reduction and efficiency increase, comprehensive cloud transformation, and security control, the company has launched a one-stop intelligent office platform, WPS 365. Under the trend of dual optimization of products and services, it effectively improved the digital and intelligent office experience of government and enterprise customers, and promoted the rapid growth of domestic institutional subscription and service business, achieving revenue of about 95.7 billion yuan, a year-on-year increase of about 3836%。
Affected by the adjustment of the information and innovation industry, the revenue of the authorized business of domestic institutions during the reporting period was about 65.5 billion yuan, a year-on-year decrease of about 2160%。
The company took the initiative to shrink and then shut down the domestic advertising business, while the overseas business continued to grow, and the revenue of Internet advertising promotion services and other businesses during the reporting period was about 28.8 billion yuan, a year-on-year decrease of about 605%。
Analysis of the reasons for the change of main indicators: net profit attributable to owners of the parent company after deducting non-recurring gains and losses during the reporting period126.4 billion yuan, a year-on-year increase of 3458%, mainly due to the growth of the company's overall performance in the reporting period and the year-on-year decrease in non-recurring profit and loss due to the company's adjustment of capital management strategy and reduction in the purchase of wealth management products.
The Company's financial statements and financial indicators are as follows:
The main business of Kingsoft Office:
It is mainly engaged in the design, development, sales and promotion of WPS Office office software products and services.
Kingsoft Office 2023 Annual Results Express Announcement.
Hexun self-selected stock writer.
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