Huatai Computer [Kingsoft Office] 26H1 Results Preview Quick Review

English summary

26H1 revenue of 3.214-3.413 billion RMB, yoy +21%-28%; net profit attributable to parent of 2.316-2.719 billion RMB, yoy +210%-264%; non-GAAP net profit attributable to parent of 2.288-2.686 billion RMB, yoy +215%-269%; adjusted net profit attributable to parent of 1.000-1.174 billion RMB, yoy +18%-39%; 26Q2 revenue of 1.601-1.799 billion RMB, yoy +18%-32%; adjusted net profit attributable to parent of 420-594 million RMB, yoy +3%-45%; #Commentary:# 1. 26H1 revenue continued high growth, mainly benefiting from gradual realization of AI commercialization. The company continues to deepen the integration of AI capabilities with office scenarios, with both personal and business segments achieving relatively fast growth; 2. Adjusted net profit attributable to parent increased 18.03%-38.55% yoy, reflecting continued improvement in core operating profit; 3. AI transformation continues to deepen. ...