On June 2, Kingdee International rose 5.18% in regular trading, trading at HKD 9.17/share, with trading volume of HKD 436 million, extending the previous session's surge of over 15%.

The continued rally is driven by accelerating AI commercialization and a broader recovery in global SaaS sentiment. The company's Q1 operating data revealed subscription ARR of RMB 4.22 billion, up 19% year-over-year, while AI-native suite contract signings reached RMB 230 million, equivalent to 65% of full-year AI signings. High-value products such as Cosmic maintained a net dollar retention rate of 103%, demonstrating strong fundamental resilience.

Globally, SaaS sector sentiment has warmed significantly after US-listed peers including Snowflake and Okta delivered better-than-expected results, triggering a re-rating of enterprise software valuations. Additionally, JPMorgan recently increased its stake by 6.99 million shares at an average price of approximately HKD 7.53, lifting its position to 6.05%. Institutional research notes suggest the market is beginning to re-evaluate AI's value to the software industry, with Kingdee's commercial traction serving as a key catalyst.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)