Kingsoft Corp Ltd Adr

Thank you for standing by. Welcome to Q1 2025 King South Corporation's and NIC's conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you need to press star 11 on your telephone. You'll then hear an automatic message advising your hand is raised. Please be advised that today's conference is being recorded. I would now like to turn the call over to Ms. Yilan Li, our director of Kingsoft. Thank you. Please go ahead.

Thank you, operator. Ladies and gentlemen, good evening and good morning. I would like to welcome everyone to our 2025 first quarter earnings call. I'm Yilan Li, the ad director of Kingsoft. I would like to start by reminding you that some information provided during the earnings call may include forward looking statements which may not be reliable in the future for various reasons. These forward-looking statements are based on our information and information from other sources, which we believe to be reliable. Please refer to the other publicly disclosed documents for detailed discussion on risk factors which may affect our business and operations. Additionally, in today's earnings call, the management will deliver prepared remarks in both Chinese and English. A third-party interpreter will provide its consecutive interpretation into English. During the Q&A session, we will accept questions in both English and Chinese with alternating interpretation provided by the third-party interpreter. On-site translation is only to facilitate communication during the conference call. In case of any discrepancies between the original remarks and the translation, the statements made by the management will prevail. Having said that, please allow me to introduce our management team who joined us today. Mr. Zhou Tao, our executive director and CEO, and Ms. Li Yi, our acting CFO. Now, I'm turning the call to Mr. Zhou.

Hello, everyone. Welcome to the first quarter of this software in 2025. In the first quarter of 2025, we achieved a good start. The overall performance was stable. Group total revenue reached RMB 23.38 billion, which is a 9% increase. Today's office continues to use users as the core, optimize product experience, and at the same time strengthen the core competitiveness of WPS 365 in the field of corporate cooperation, deepen the application of AI technology in the field of office, and promote globalization. Game business