Kingdee International's stock surged 5.19% during intraday trading on Thursday, reflecting significant investor optimism.

The sharp rise follows the company's release of robust first-quarter operational data, which showed its subscription service Annual Recurring Revenue (ARR) growing approximately 19% year-over-year to about RMB 4.22 billion. Notably, contract signings for its AI-native products reached RMB 2.3 billion in the quarter. Additionally, GF Securities maintained a "Buy" rating on the stock with a fair value target of HKD 17.94 per share, citing strong growth prospects.