The Zhitong Finance App learned that Kingdee International (00268) was higher today. As of press release, it was up 5.15% to HK$9.605, with a turnover of HK$247 million.

According to the news, Kingdee International added a net ARR of about 191 million yuan in a single quarter in the third quarter of this year, an increase of about 46.9% over the previous year. The total contract amount for the company's AI native products reached 1.02 billion yuan in the first three quarters, and the amount of new contracts signed in the first quarter, second quarter, and third quarter was 2.30, 3.75, and 397 million yuan, respectively, maintaining a month-on-month growth trend.

It is worth mentioning that on October 23, Kingdee's AI products ushered in a new round of core capability upgrades. Focusing on the implementation of enterprise agents, Kingdee released three major products: Lingji Manage, Enterprise Context, and ERP Connectors. It also announced that the enterprise intelligence operating system Lingji has only been in operation for 5 months, and that the number of paying customers has reached 3,706. Shanxi Securities believes that the accelerated implementation of the AI priority strategy will bring an important increase in the company's performance.

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