Core Insights - Kingdee announced the comprehensive upgrade of "Kingdee Cloud" to "Kingdee AI" and introduced a new AI product "Xiao K" at the Kingdee 2025 Global Innovators Conference, showcasing its full-chain AI capabilities from technology foundation to business implementation [1][2] Group 1 - The upgrade focuses on three main highlights: the evolution from single intelligent agents to collaborative multi-agent systems, deep scene optimization from general to specific applications, and the introduction of "Xiao K" as China's first enterprise-level AI native super entrance [1][2] - The new AI product "Xiao K" integrates nearly 20 intelligent agents covering various fields such as marketing, supply chain, human resources, and finance, providing ready-to-use solutions for enterprises [2] Group 2 - Kingdee's AI transformation is not just a technological upgrade but involves a comprehensive restructuring of operations, products, business models, ecosystems, organizations, talent, and leadership [2] - Strategic cooperation agreements were signed with 10 companies, including Tongwei Co., Ltd. and Hisense Group, to promote the deep integration of AI technology in real business scenarios and to create a more open ecosystem [2]

Core Insights - The conference focused on the theme "AI + Management Achieving Excellence," highlighting the integration of AI technology in enterprise management and the future direction of AI applications in various industries [1][3]. Group 1: Conference Highlights - The event showcased three main highlights: the evolution from single to multi-agent collaboration, the optimization of deep scenarios, and the upgrade of "Kingdee Cloud" to "Kingdee AI," introducing the new AI product "Xiao K" [3]. - "Xiao K" is recognized as China's first enterprise-level AI native super entrance, marking a significant shift towards AI-native applications in enterprise management [3]. Group 2: AI Transformation - Kingdee's CEO emphasized that AI transformation involves a comprehensive restructuring across operations, products, business models, ecosystems, organizations, talent, and leadership [3]. - The transition in operations is from daily management to strategic execution, while products evolve from traditional to intelligent systems, and business models shift from product sales to subscription or outcome-based pricing [3]. Group 3: AI Solutions and Applications - Kingdee AI aims to help enterprises turn data into valuable assets, providing a unified entry point for various intelligent agents to address specific pain points and enhance collaborative value across different scenarios [4]. - The "Xiao K" platform currently integrates nearly 20 intelligent agents covering marketing, supply chain, human resources, finance, and ESG, all of which are ready for immediate use [4]. Group 4: SaaS Enhancements - Kingdee's entire line of SaaS products has enhanced AI capabilities, with the Kingdee AI Starry Sky suite featuring over 40 AI assistants and a comprehensive data platform to support intelligent analysis and risk management [5]. - The data cloud serves as a full-stack data value platform, facilitating the transition from data visualization to data-driven intelligent decision-making [5]. Group 5: Strategic Collaborations - Kingdee signed strategic cooperation agreements with ten companies, including Tongwei Co., Ltd. and Yuntian Technology, to foster an open ecosystem and innovate AI applications across various industries [5]. - Additionally, Kingdee partnered with Qiangnao Technology to upgrade recruitment intelligent agents, promoting inclusive employment opportunities for individuals with disabilities [6].

Core Viewpoint - Yuntian Lifei and Kingdee signed a strategic cooperation agreement to integrate AI computing power with enterprise digital software ecosystems, aiming to create a benchmark for domestic integration of "domestic computing power engine + enterprise-level software ecosystem" [1] Group 1 - The collaboration focuses on leveraging "enterprise digital software ecosystem" and "domestic AI computing power" as dual engines [1] - The initiative aims to connect the entire chain from "computing power - software - scenarios" [1] - The goal is to seamlessly embed AI reasoning capabilities into the entire digital process of enterprises [1]

Summary of Key Points from the Conference Call Company and Industry Overview - **Company**: Kingdee International - **Industry**: Artificial Intelligence and Cloud Services in China Core Insights and Arguments 1. **AI Industry Growth**: The revenue of China's AI-related industries is expected to exceed 20 billion yuan in 2024, indicating rapid growth and the establishment of specialized industrial clusters driven by AI technology applications [2][3]. 2. **Cloud Transformation Success**: Kingdee's cloud transformation strategy has shown significant results, with cloud services accounting for 82% of total revenue by 2024, reflecting a compound annual growth rate (CAGR) of 31% [2][4]. 3. **Future AI Revenue Goals**: Kingdee aims for AI-enhanced business revenue to constitute 50% of total income by 2030, with AI-native business at 30% and data and other services at 20% [2][4]. 4. **Shift in Business Models**: Companies need to transition from traditional product sales to intelligent systems that can autonomously execute tasks, moving towards subscription or outcome-based pricing models to remain competitive in the AI era [2][5][6]. 5. **Valuation Changes**: Future company valuations will shift from sales-based metrics to those based on software and AI-related revenues, emphasizing continuous value creation and intelligent decision-making [2][7]. 6. **Global IT Ecosystem Shift**: The global IT ecosystem is transitioning from a single-center to a multi-center structure, with major players like OpenAI, Oracle, and NVIDIA forming new alliances, necessitating similar developments in China [2][8][9]. 7. **Organizational Structure Evolution**: In the AI era, organizational structures will evolve from traditional hierarchies to neural network-like models, emphasizing autonomous decision-making and collaboration [2][10]. 8. **Talent Competition**: The competition for talent is shifting from quantity to high-density talent with AI skills and interdisciplinary knowledge, crucial for digital transformation [2][11]. 9. **Leadership Transformation**: Future leadership will focus on vision, trust, and data-driven guidance rather than traditional authority and processes [2][12]. 10. **Challenges in AI Adoption**: Companies face challenges in adapting AI technologies to existing business processes, requiring decisions on whether to enhance efficiency or reshape core business processes [2][14]. Additional Important Insights 1. **AI Product Design Philosophy**: Kingdee's AI products are designed to focus on results rather than tasks, ensuring that intelligent agents understand business objectives and drive processes towards measurable outcomes [2][16]. 2. **New Product Launches**: Kingdee has introduced the "Xiao K" intelligent agent, which integrates various AI functionalities and enhances SaaS offerings to support businesses in achieving data-driven operations [2][17]. 3. **Data Governance Initiatives**: Kingdee emphasizes data transparency and governance, ensuring compliance with global standards and enhancing corporate credibility [2][23]. 4. **AI in Recruitment**: Kingdee collaborates with Strong Brain Technology to provide inclusive recruitment solutions, helping companies hire diverse talent, including individuals with disabilities [2][25]. 5. **Digital Transformation in Aviation**: China Aviation Group is leveraging AI and digital tools to enhance operational efficiency and decision-making in financial management [2][51][52]. This summary encapsulates the key points discussed in the conference call, highlighting the strategic direction of Kingdee and the broader implications for the AI and cloud services industry in China.

Core Insights - Kingdee announced the comprehensive upgrade of "Kingdee Cloud" to "Kingdee AI" and introduced a new AI product called "Xiao K" at the 2025 Global Innovators Conference, marking the entry of enterprise management into the AI-native era [1] - The CEO of Kingdee emphasized that AI transformation involves a holistic reconstruction across operations, products, business models, ecosystems, organizations, talent, and leadership [1] Group 1: AI Product Launch - "Xiao K" is positioned as China's first enterprise-level AI-native super entrance, enabling interconnected AI applications to address specific pain points while facilitating cross-scenario collaboration [1] - The product currently aggregates nearly 20 AI agents that are ready to use, with a mini-program experience channel opened at the conference [1] Group 2: Transformation Framework - The transformation process includes seven key shifts: 1. Operations shifting from daily management to strategic execution 2. Products evolving from traditional offerings to intelligent systems 3. Business models transitioning from product sales to subscription or outcome-based pricing 4. Ecosystems moving from transaction-oriented to continuous intelligent symbiosis 5. Organizations transforming from hierarchical structures to neural network models 6. Talent competition shifting from quantity to high-density innovation 7. Leadership evolving from tangible control to intangible inspiration [1] Group 3: AI Development and Investment - The Vice President of Kingdee China acknowledged the inevitability of "hallucinations" in large models, emphasizing the need for continuous technological and engineering efforts to mitigate these issues [2] - AI investment is currently seen as incremental, with expectations that deeper AI integration will reduce overall business costs in the long term [2]

Core Insights - The core viewpoint emphasizes the necessity for businesses to adapt and transform in the AI era to avoid disruption and achieve renewal [1] Group 1: AI Transformation Directions - The CEO of Kingdee, Xu Shaochun, outlined seven transformation directions for enterprise management in the AI era, highlighting that AI transformation involves comprehensive restructuring across operations, products, business models, ecosystems, organizations, talent, and leadership [1] - The seven transformation directions include: 1. Transitioning from daily operations to strategic execution operations, leveraging AI for decision-making, analysis, and early warning systems 2. Shifting from traditional products to intelligent systems that possess cognitive capabilities 3. Evolving business models from product sales to subscription or outcome-based pricing for continuous value creation 4. Changing the enterprise ecosystem from transaction-oriented to continuous intelligence-oriented, emphasizing speed in intelligence and learning 5. Transforming organizational structures from hierarchical to neural network models for autonomous action and human-machine collaboration 6. Moving from quantity-based talent competition to high-density competition, focusing on high-quality talent with AI skills and innovative capabilities 7. Shifting leadership from tangible to intangible, where future leaders foster vision, trust, and data intelligence [1] Group 2: Kingdee's AI Initiatives - Kingdee announced the comprehensive upgrade of "Kingdee Cloud" to "Kingdee AI," introducing China's first enterprise-level AI-native super entrance, "Kingdee Xiao K," to establish a new paradigm for enterprise management AI applications [1] - The company has achieved a comprehensive upgrade through "platform + data cloud + AI-enhanced SaaS + AI-native intelligent agents," facilitating the collaborative evolution from single intelligent agents to multiple intelligent agents [2] - The newly launched AI-native intelligent agents cover various deep scenarios, including financial analysis, inventory management, and quality management, supporting AI transformation across finance, human resources, manufacturing, supply chain, and marketing [2] - Kingdee has signed strategic cooperation agreements with ten companies, including Tongwei Co., Ltd. and Lingban Technology, to promote the deep integration of AI technology in practical business scenarios, aiming to accelerate the industrialization and contextualization of AI results [2]

Core Viewpoint - The chairman of Kingdee Group, Xu Shaochun, proposed seven transformations for enterprise management in the AI era, emphasizing the need for companies to adapt to new operational and strategic paradigms [1] Group 1: Transformations in Operations - Operations should shift from daily management to strategic execution [1] - The product focus must transition from traditional products to intelligent systems [1] Group 2: Business Model Evolution - Business models need to evolve from selling products to subscription-based or outcome-based pricing [1] - The ecosystem should change from transaction-oriented to a model of continuous intelligent symbiosis [1] Group 3: Organizational Structure and Talent - Organizational structures should move from a pyramid model to a neural network model [1] - Talent competition should shift from quantity-based to high-density competition [1] Group 4: Leadership Changes - Leadership should transition from tangible to intangible forms [1]

Core Insights - The conference emphasized the importance of transitioning management paradigms in the AI era, highlighting that those who adapt will define the future [1][2] - The CEO of Kingdee, Xu Shaochun, introduced a theoretical framework of "Seven Transformations of Enterprise Management in the AI Era," which serves as a guide for intelligent transformation in global enterprises [1] Group 1: Seven Transformations - Operations should shift from daily operations to strategic execution, with intelligent agents replacing repetitive tasks and a focus on strategic monitoring [1] - Products need to transition from traditional offerings to intelligent systems that possess autonomous perception and decision-making capabilities [1] - Business models should evolve from selling products to subscription or outcome-based pricing, transforming one-time transactions into ongoing service relationships [1] - Ecosystems must change from transaction-oriented to continuous intelligent symbiosis, leveraging AI to unlock ecosystem multiplier effects [1] - Organizational structures should move from pyramid models to neural network models, breaking down departmental boundaries and eliminating middle layers [1] - Talent competition should shift from quantity to high-density competition, requiring young talents who understand AI and can innovate [1] - Leadership should transition from tangible control to intangible influence, focusing on providing spiritual motivation and emotional value [1] Group 2: Kingdee's Commitment and Innovations - Kingdee aims to empower enterprises and elevate Chinese management models globally, emphasizing the importance of leaders remembering their original mission in the AI era [2] - The company announced the upgrade of "Kingdee Cloud" to "Kingdee AI" and introduced a new AI product called "Xiao K," marking a significant step into the AI-native era of enterprise management [2] - Xu Shaochun stated that the AI era is not a short-term technological race but a long-term marathon that tests organizational resilience and strategic endurance, advocating for a long-term approach to embrace change and reshape management [2]

Core Insights - The chairman and CEO of Kingdee International Software Group, Xu Shaochun, proposed seven transformations for enterprise management in the AI era, emphasizing that AI transformation is not just a technological upgrade but a comprehensive reconstruction involving operations, products, business models, ecosystems, organizations, talent, and leadership [2]. Group 1: Transformations in Operations - Operations are shifting from daily operations to strategic execution [2]. Group 2: Transformations in Products - Products are transitioning from traditional offerings to intelligent systems [2]. Group 3: Transformations in Business Models - Business models are evolving from selling products to subscription-based or outcome-based charging [2]. Group 4: Transformations in Ecosystems - Ecosystems are moving from transaction-oriented to continuous intelligent symbiosis [2]. Group 5: Transformations in Organizations - Organizations are transforming from a pyramid structure to a neural network structure [2]. Group 6: Transformations in Talent - Talent competition is shifting from quantity-based to high-density competition [2]. Group 7: Transformations in Leadership - Leadership is transitioning from tangible to intangible forms [2].

Core Insights - Shenzhen Yuntian Lifei Technology Co., Ltd. announced a deep integration plan with Kingdee Group, marking the first domestic project combining "independent reasoning chip computing power engine + enterprise-level software ecosystem" [1] - The initiative aims to connect the entire "computing power-software-scenario" chain, facilitating seamless integration of AI reasoning capabilities into enterprise digital processes [1] Summary by Categories - **Partnership Details** - The collaboration includes the launch of the "Kingdee + Yuntian Lifei reasoning acceleration card" integrated suite [1] - Establishment of a "Smart Computing Native Technology Laboratory" [1] - Development of "AI+" integrated solutions [1]