The meeting introduced the financial report of Jinsoft Technology for the first quarter and year of 2025, emphasized the risk of some forward-looking statements, announced the rules for bilingual meeting arrangements and question-and-answer sessions, and mentioned the participation of the management team.

In 2025, the total revenue of Spirit Software Group was 9.68 billion yuan, down 6% year on year. Revenue from office software and services was 5.93 billion yuan, up 16% year-on-year, showing a steady performance. Revenue from online games and other businesses was 3.75 billion yuan, down 28% year-on-year due to the base effect and the decline in game flow. In early 2026, the new game will be launched, with more than 30 million new users, demonstrating the ability to expand new categories and injecting new impetus into the game business.

In 2025, Jinshan Office achieved a total annual revenue of 5.93 billion yuan, a year-on-year increase of 16%, of which the fourth quarter revenue was 1.75 billion yuan, a year-on-year increase of 17%. The company actively promote AI collaboration and internationalization strategy, WTS365 completed the global AI upgrade, WPS international version of the product upgrade, with global integration of office capabilities. In terms of personal business, the scale of users has steadily expanded, and the business at home and abroad has grown in two lines. The total annual revenue is 3.63 billion billion yuan, a year-on-year increase of 14%.

The RPS365 business achieved a total annual revenue of 0.72 billion billion yuan, a year-on-year increase of 65%, and a fourth-quarter revenue of 0.24 billion billion yuan, a year-on-year increase of 63%, maintaining a year-on-year growth of more than 60% for four consecutive quarters. W365 continues to improve the ecological layout of digital employees, promote the application of AI technology in office scenarios, realize large-scale standardized delivery, and formally reveal the open cloud capability in early 2026, injecting new momentum into the quality and efficiency improvement of enterprise collaborative office, and further enriching the ecological layout of AI office.

In 2026, office software will continue to lead the market, and the digital project of government affairs will accelerate. Flagship game sword network three technology upgrade was well received, swordsman world origin steady operation. Social reasoning game goose and duck kill on the first day of the new user break 5 million, casual puzzle games and pastoral simulation games also achieved remarkable results, product optimization and market expansion in parallel.

Jinshan Office plans to deepen the application of AI agent technology in office scenarios, strengthen the competitiveness of intelligent collaboration platforms, and accelerate the global layout. The online game business will focus on boutique content development and global distribution to promote the growth of new categories and achieve sustainable development. The company is committed to technological innovation and commercial layout, expand the global market, and create long-term value for shareholders. The fourth quarter financial report showed that the revenue of office software and service business increased by 50% year-on-year, mainly due to the improvement of AI capability and the improvement of intelligent office experience. WPS 365 business grew strongly due to the deep integration of document, AI and collaboration capabilities. Revenue from online games and other businesses decreased 33% year-on-year, mainly due to a decline in revenue from some existing games.

In the fourth quarter of 2025, the company achieved 68.3 billion revenue and 97.5 billion net profit, up 47% year-on-year, but some profits were diluted due to the issuance of new shares. The report provides a detailed analysis of quarterly profit, pre-tax profit and cash flow from operating activities, noting that the company maintains strong cash reserves and profitability despite challenges.

Discussed the strategic adjustment of the game business, including the potential of AI applications, as well as the user size, retention and future commercialization plans of the goose and duck kill game, emphasizing the priority of user growth and looking forward to overseas expansion and IP derivative opportunities.

It was discussed that the game has been stable at around 3 million users since its release in January. It is planned to maintain stable user growth through updates in different versions and stages, while considering long-term IP expansion and commercialization possibilities. Emphasizes the importance of the classic series of swordsmen, will increase investment in the basic disk, optimize the user experience, moderate adjustment of non-strategic projects, in order to focus on the long-term strategic value of the product direction.

The arrival of the AI era will completely change the game content creation mode. Xi'an District is undergoing a comprehensive transformation, weakening types of work, strengthening creative value, building a AI creation platform, and promoting national creation, aiming to improve production efficiency and efficiency, and meet the fundamental changes in the organization of the industry.

Discussed the progress of the AI business team, emphasizing AI's practice in the industry and the needs of the enterprise, as well as the empowerment of the Xiaomi model to the office field. The future planning of cost and research and development is prospected, and the development strategy of focusing on industry deep cultivation AI is put forward.

The dialogue revolves around the development of AI product centers, the impact of AI on the software industry, and the evolutionary path of office software. The central role of AI in reconstructing digital systems is emphasized, and it is predicted that all digital systems will be reconstructed based on AI. At the same time, the transformation process from Office A to AI Office is discussed, as well as the importance of the Xiaomi model in building the AI ecology, showing Kingsoft's strategic deployment and future prospects in the AI field.

The dialogue focused on the innovation and application of AI technology in 2023, especially the reconstruction and upgrading of AI in office systems, discussed the comparison of AI software and hardware, and the role of AI in improving office efficiency and building a competitive ecology. The importance of AI native applications and WKS in the expansion of the enterprise version of the market is emphasized, while the input strategy of the game business and marketing expenses is mentioned, as well as the overall cost monitoring and AI input-output efficiency maximization.