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| HSI1 | 25,116.85 | 0.00 | -- |
| HSCEI1 | 8,340.83 | 0.00 | -- |
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2026-08-14 17:58:24 Nomura issued a report saying that KINGDEE INT'L (00268.HK) maintained strong growth in 1H26, while commercialization of its AI-native products accelerated. The broker reiterated its Buy rating, but sharply lowered its target price by 35.8% from HKD18.49 to HKD11.87. KINGDEE INT'L (00268.HK) announced its results for 1H26 on August 11, 2026, and held an earnings conference call on August 12. Revenue for the first half rose 13.6% YoY to RMB3.6 billion, while the company swung to a net profit of RMB54.5 million, compared with a net loss of RMB97.7 million in 1H25. Cloud services revenue increased 16.6% YoY to RMB3.1 billion, while subscription revenue climbed 20.4% YoY to RMB2 billion. Annual recurring revenue (ARR) from subscriptions was approximately RMB4.4 billion, up 18.3% YoY, mainly driven by growth in KINGDEE AI suites and strong demand from clients in certain industries. Gross margin continued its upward trend, rising 2.1 ppts YoY to 67.7%. The broker attributed this to the ongoing structural shift toward subscriptions and higher-value AI products. The broker believes KINGDEE INT'L is moving in the right direction in transforming into an AI-native company, with AI agents becoming its new growth engine. (da/a)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |