The Zhitong Finance App learned that Kingdee International (00268) rose more than 4%. As of press release, it had risen 4.4% to HK$8.18, with a turnover of HK$372 million.

According to the news, the scale of commercialization of Kingdee International's AI native products has accelerated and entered a profit channel. In the first half of this year, the company's total revenue was 3.625 billion yuan, up 13.6% year on year, including cloud service revenue of 3.116 billion yuan, up 16.6% year on year; subscription revenue was 2,028 billion yuan, up 20.4% year on year, accounting for more than half of the year to 55.9%; and subscription ARR reached 4.413 billion yuan, up 18.3% year on year.

The company has initially built an AI native product ecosystem. Products include Reiki, Kingdee AI Kit, Kingdee AISuite, etc. In the first half of the year, AI native product revenue reached 296 million yuan, up 189% year on year, of which AI native subscription revenue reached 146 million yuan, up 282.9% year on year. Guoxin Securities believes that the AI native business has become a new growth curve, with subscription priority and AI priority strategy implementation verification, and a stable long-term enterprise SaaS and AI transformation and growth logic.

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