【Kingdee 268】Kingdee International Turned Profitable Last Year with Nearly 93 Million Yuan in Net Income, Subscription Service ARR Up 19%

SocialAnxietyStaker · 2026-03-17T16:21:33+00:00

Kingdee International successfully turned a profit last year, recording net income of 92.914 million yuan with revenue reaching 7.01 billion yuan, up 12%. Cloud services revenue accounted for 82.5%, and AI application contract amounts reached 356 million yuan, demonstrating the importance of AI technology in improving enterprise operational efficiency. Kingdee will not distribute a final dividend.

SocialAnxietyStaker

2026-03-17 16:21:33

Abstract generation in progress

Kingdee International (00268)
Thanks to the scale effects of cloud subscription services and efficiency improvements brought by AI, the company turned a profit last year, recording a net profit of 92.91 million yuan (RMB), with earnings per share of 2.64 cents; for the same period in 2024, it reported a loss of 142 million yuan. Excluding the International Financial Reporting Standards (IFRS), the adjusted profit last year was 232 million yuan, and in 2024, a loss of 10.15 million yuan. Kingdee does not pay a final dividend.

During the period, Kingdee achieved revenue of 7.01 billion yuan, up 12% year-on-year. Gross profit margin increased by about 2 percentage points to 67.1%, while sales expense ratio and R&D expense ratio decreased by 1.1 and 2.9 percentage points, respectively.

Kingdee Cloud Service Revenue Accounts for 82.5%

Among them, revenue from Kingdee Cloud Services increased by 13.2% to 5.782 billion yuan, accounting for about 82.5% of the group’s total revenue. Subscription services generated approximately 3.556 billion yuan, a growth of about 20.9%. Annual Recurring Revenue (ARR) from subscriptions is about 4.09 billion yuan, up approximately 19.2%; subscription-related contract liabilities are about 3.773 billion yuan, an increase of about 20.7%.

AI applications are another major focus. During the period, Kingdee AI signed contracts worth about 356 million yuan, with new contracts from China Steel Group, Shenzhen Energy, Guangdong Energy, China Electric Power Equipment, and Fuzhou Port Group, helping enterprises reduce costs and improve efficiency in business operations.

Kingdee stated that for small and micro markets, Kingdee AI improves bookkeeping efficiency by over 80%, invoicing efficiency by 40%, and tax reporting efficiency by 60%. The AI assistant has over 200,000 users.

Market Opening and Trading

Focusing on Tencent and Alibaba’s quarterly results, is AI agency outlook sparking market enthusiasm? NVIDIA GTC event kicks off—concept stocks light up new market trends?

Source: Announcement

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.