Jinshan Software announced that in the first quarter of 2024, the company realized a revenue of 2.137 billion yuan, up 8% year on year, and a net profit of 285 million yuan, up 48% year on year. According to the financial report, the revenue of office software and service business was 1.225 billion yuan, up 17% year on year. Online game and other business revenue was 912 million yuan, a slight decrease of 1% year on year. With the help of WPS, the company's office software and service business revenue increased significantly.
Jinshan Software said that it would increase the investment in research and development of AI and collaboration products, enrich the interests of members, improve user stickiness and payment conversion, and at the same time, trust and innovation orders would promote the growth of institutional licensing business.
In addition, the company will continue to invest in AI research and development, explore the application of WPS AI in various industries, focus on high-quality game strategy, actively listen to user feedback, and provide high-quality game experience.
In terms of online game business, the daily activity and flow of the new tour "Dust and White Forbidden Area" increased significantly, while "Sword Net 3" maintained steady development.
In the first quarter of 2024, the R&D cost of Kingsoft Software will be 712.8 million yuan, an increase of 8% over the same period of the previous year and 4% over the previous quarter. The year-on-year growth is mainly due to the continuous investment of Jinshan Office Group in AI and collaboration products and services.
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