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| HSI1 | 22,934.68 | 0.00 | -- |
| HSCEI1 | 7,689.19 | 0.00 | -- |
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2026-10-13 11:48:31 CLSA issued a research report saying that KINGDEE INT'L (00268.HK)'s annual recurring revenue (ARR) from subscription services for 3Q ended September rose 19.3% YoY to RMB4.604 billion. Net new ARR in 3Q increased 46.9% YoY, driven by strong demand for Kingdee's AI suite and Lingee. The broker reiterated its "Outperform" rating with a TP of HKD12.6. The broker noted that the contract value of KINGDEE INT'L (00268.HK)'s AI-native business reached RMB1.002 billion in the first three quarters of 2026, implying new contract value of about RMB397 million in 3Q, higher than RMB375 million in 2Q and RMB230 million in 1Q. This reflects that the company's AI-native products are generating incremental recurring revenue, while its existing core subscription services business also maintained healthy growth. In 3Q, KINGDEE INT'L (00268.HK) signed contracts with enterprises including CRRC (01766.HK), China Everbright Group and HWORLD-S (01179.HK), with customers spanning state-owned enterprises, financial services, consumer services and new energy sectors.(gc/da)~ 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. | |