Understanding the Market | KINGDEE INT'L rose over 7%, with a year-on-year growth of approximately 20% in its cloud subscription services for the first quarter. The company’s "Cloud + AI" has entered the harvest stage
KINGDEE INT'L's stock price rose by more than 7%, with an increase of 7.12% as of the time of publication, reported at HKD 12.06, with a transaction volume of HKD 303 million. The company announced that its annual recurring revenue from cloud subscription services is expected to reach approximately RMB 3.56 billion by 2025, a year-on-year increase of about 20%. KINGDEE INT'L's "Cloud + AI" strategy is driving digital transformation for enterprises, and it is expected to achieve profitability by 2025
According to Zhitong Finance APP, KINGDEE INT'L (00268) rose over 7%, with a current increase of 7.12%, priced at HKD 12.06, and a transaction volume of HKD 303 million.
In terms of news, on April 9th, KINGDEE INT'L announced that it continues to deepen its cloud subscription model transformation strategy. As of March 31, 2025, the annual recurring revenue (ARR) of KINGDEE Cloud subscription services is expected to be approximately RMB 3.56 billion, a year-on-year increase of about 20%. The net dollar retention rates (NDR) for KINGDEE Cloud·Cangqiong & Xinghan, KINGDEE Cloud·Xingkong, KINGDEE Cloud·Xingchen, and KINGDEE Jingdou Cloud are 108%, 94%, 92%, and 88%, respectively. During this period, the group signed contracts with well-known companies such as Kweichow Moutai, Geely Holding, China National Pharmaceutical Group, China Paper, Lingyi Technology, and Future Intelligent.
Shenwan Hongyuan previously pointed out that the company is currently driven by a "cloud + AI" dual engine, deeply empowering enterprises' digital transformation. The proportion of cloud service revenue in 2024 has reached 82%, with rapid growth in leading financial indicators such as contract liabilities and operating cash flow, and it is expected to turn a profit by 2025. The cloud transformation has entered the harvest stage, and the subsequent strategic focus will fully shift to enterprise digital empowerment centered on AI Agent. The long-term accumulation and rapid iteration of AI are expected to quickly realize returns
