BUZZ-China's Kingdee climbs on estimated return to profit for 2025

Reuters
01/22
BUZZ-China's Kingdee climbs on estimated return to profit for 2025

** Shares of Kingdee International Software Group 0268.HK climb 4.5% to HK$14.8, on track for the biggest one-day pct gain since January 12

** Stock of the Chinese enterprise resource planning (ERP) and cloud services provider hits its highest since January 19, on course to snap five straight sessions of decline

** Kingdee expects to post 60 mln-100 mln yuan ($8.6 mln-$14.4 mln) profit for 2025, as compared to 142 mln yuan loss in 2024, helped by economies of scale of the cloud subscription business and efficiency improvements driven by AI

** Total revenue is expected to rise 11.1%-12.7% y/y on rapid growth of cloud subscription revenue and an increase in the market share of its scenario-based enterprise management AI

** YTD, Hong Kong stock up 10.3%, the benchmark Hang Seng Index .HSI up 3.8%

($1 = 6.9625 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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