Kingdee International Software Group Co Ltd (00268) saw its share price climb more than 8% during the morning trading session. At the time of writing, the stock was up 8.41% to HK$8.955, with a turnover of HK$237 million.
On the news front, the company's interim results revealed accelerated contract signings for its AI-native products. According to a research note from China Securities, Kingdee's AI suite has already contributed 67% of new subscription value in the large and medium-sized enterprise market. Since the launch of its Lingji platform on May 20, the company has signed 26 clients and deployed over 40 intelligent agents across finance, supply chain, procurement, and manufacturing sectors. This indicates that AI-native products are transitioning from customer validation to large-scale revenue contribution.
Looking ahead, the company maintains its 2026 targets, which include generating over RMB 1 billion in revenue from AI-native products, achieving double-digit group revenue growth, increasing subscription revenue by around 20%, raising its adjusted net profit margin to approximately 7%, and growing operating cash flow by more than 20%. Additionally, Kingdee reaffirms its 2030 vision of "rebuilding Kingdee with AI," aiming for AI-native products and AI+SaaS to each account for 50% of its revenue structure. The AI-native business is expected to become a core growth driver for the company in the medium to long term.