Kingdee International (00268) opened nearly 6% higher in morning trading. As of the latest update, the stock had risen 8.38%, reaching HKD 8.67, with a turnover of HKD 171 million.

On April 13, Kingdee International announced that as of March 31, 2026, the annual recurring revenue (ARR) from its subscription services reached approximately RMB 4.22 billion, representing a year-on-year increase of about 19%. In the first quarter of 2026, the contract value for its native AI products (Kingdee AI Suite) amounted to RMB 230 million. The net dollar retention rates for its AI + SaaS offerings—Kingdee AI Xinghan, Kingdee AI Xingkong, and Kingdee AI Xingchen—were 103%, 96%, and 94%, respectively. During the reporting period, the group secured contracts with well-known enterprises, including Shineway Development, Mianbi Intelligence, Greentown Service, Allchip Technology, Puyang Iron & Steel, and Huatong Group.