On July 8, Kingdee International rose 5.68% in regular trading, trading at HK$6.82/share, with turnover of approximately HK$90.96 million.
The movement was driven by the company's positive profit alert issued on July 7. Kingdee expects attributable net profit of RMB 40 million to RMB 60 million for the first half, compared with a loss of RMB 98 million in the year-ago period, marking a turnaround to profitability. Total revenue for the period is projected at RMB 3.608 billion to RMB 3.639 billion, representing year-over-year growth of approximately 13% to 14%.
The company attributed the improvement to economies of scale in its subscription business and efficiency gains from AI applications, as it continues to deepen its AI-first, subscription-first, and globalization strategy. Subscription ARR stood at approximately RMB 4.22 billion as of March 31, with AI suite contracted value reaching RMB 230 million in Q1. Notably, BlackRock and JPMorgan recently increased their stakes in the company, reflecting institutional confidence in its cloud transformation trajectory.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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