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FINWIRES

Beijing Kingsoft Office Expects Up to 264% Jump in H1 Profit on AI Growth

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Beijing Kingsoft Office Software (SHA:688111) expects to book first-half attributable net profit of between 2.32 billion yuan and 2.72 billion yuan, compared with 747.2 million yuan in the previous year.

The anticipated 210% to 264% jump is attributed to artificial intelligence commercialization and investment gains, according to a Wednesday filing with the Shanghai Stock Exchange.

Operating revenue is expected to rise 21% to 28% year over year to between 3.21 billion yuan and 3.41 billion yuan from 2.66 billion yuan.

The software product distributor's shares rose nearly 2% in recent trade.

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