Core Viewpoint - Kingdee International (00268) saw a stock price increase of over 4%, reaching HKD 15.05, with a trading volume of HKD 230 million, following the announcement of its financial performance and new client acquisitions [1] Financial Performance - As of September 30, Kingdee's annual recurring revenue (ARR) from its cloud subscription services was approximately RMB 3.86 billion, representing a year-on-year growth of 18% [1] - The net renewal rates for various cloud products were as follows: Kingdee Cloud · Cang Qiong at 105%, Kingdee Cloud · Xing Kong at 95%, Kingdee Cloud · Xing Chen at 93%, and Kingdee Jing Dou Cloud at 88% [1] Client Acquisition - During the reporting period, Kingdee signed new contracts with several clients, including Chin Hin Group Berhad, BAIC Group, Yuchai Group, Xinjian Group, Huaxi Biological, and Qiangnao Technology [1] Strategic Partnerships - On August 13, the company signed an ERP project construction agreement with Chin Hin Group Berhad, leveraging its Xing Han and AI quotation agent products. This partnership signifies a strategic shift from merely following Chinese enterprises abroad to directly engaging with local companies, potentially setting a benchmark for regional replication [1]

Core Viewpoint - Kingdee International (00268.HK) has seen a significant increase in its stock price, rising over 4% despite market trends [1] Group 1 - The stock price of Kingdee International increased by 4.3%, reaching HKD 15.05 [1] - The trading volume for Kingdee International amounted to HKD 230 million [1]

Core Viewpoint - Kingdee International (00268) has seen a stock price increase of over 4%, currently trading at HKD 15.05, with a transaction volume of HKD 230 million [1] Financial Performance - As of September 30, Kingdee's annual recurring revenue (ARR) from its cloud subscription services reached approximately RMB 3.86 billion, representing a year-on-year growth of 18% [1] - The net renewal rates for various Kingdee cloud products are as follows: - Kingdee Cloud · Cang Qiong: 105% - Kingdee Cloud · Xing Han: 95% - Kingdee Cloud · Xing Kong: 93% - Kingdee Jing Dou Cloud: 88% [1] Client Acquisition - During the reporting period, Kingdee signed new clients including Chin Hin Group Berhad, BAIC Group, Yuchai Group, Xin Steel Union, Huaxi Biological, and Qiang Nao Technology [1] Strategic Partnerships - On August 13, the company signed an ERP project construction agreement with Chin Hin Group Berhad, leveraging its Xing Han and AI quotation agent products. This partnership signifies a shift from merely following Chinese enterprises abroad to directly engaging with local companies, potentially setting a benchmark for regional replication [1]

Core Insights - The XINGQUAN Flexible Allocation Mixed Fund (LOF), managed by Xie Zhiyu and Xie Yiran, reported a net value growth rate of 43.58% over the past year [1] Fund Holdings Summary - New additions to the top ten holdings include: - Zhongji Xuchuang (300308) with 2.58 million shares valued at 1.042 billion [1] - Lanke Technology (688008) with 4.92 million shares valued at 761 million [1] - Dongshan Precision (002384) with 9.14 million shares valued at 653 million [1] - CATL (300750) with 1.57 million shares valued at 629 million [1] - Significant changes in existing holdings: - Innovent Biologics (01801) increased by 4.81 million shares (42.97%) to 16.01 million shares valued at 1.408 billion [1] - JuHua Co. (600160) increased by 1.09% to 25.23 million shares valued at 1.009 billion [1] - A decrease in holdings for: - Jingchen Technology (6880889) by 5.85% to 8.96 million shares valued at 996 million [1] - SMIC (00981) by 31.54% to 12.11 million shares valued at 880 million [1] - Exited from the top ten holdings: - Xiaomi Group-W, Kingdee International, Lens Technology, Alibaba-W [1]

Core Insights - Kingdee International (00268) continues to deepen its core strategy of "AI-first, Subscription-first, Globalization" [1] - As of September 30, 2025, the annual recurring revenue (ARR) from Kingdee Cloud subscription services is approximately RMB 3.86 billion, representing a year-on-year growth of about 18% [1] - The net dollar retention rates (NDR) for Kingdee Cloud products are as follows: 105% for Cloud Cang Qiong & Xing Han, 95% for Cloud Xing Kong, 93% for Cloud Xing Chen, and 88% for Kingdee Jing Dou Cloud [1] - During the period, the company has signed contracts with notable enterprises such as Chin Hin Group Berhad, BAIC Group, Yuchai Group, New Steel Union, Huaxi Biology, and Qiang Nao Technology [1]

Core Viewpoint - Kingdee International (00268) is deepening its core strategy of "AI-first, Subscription-first, Globalization" with a projected annual recurring revenue (ARR) of approximately RMB 3.86 billion by September 30, 2025, representing a year-on-year growth of about 18% [1] Group 1: Financial Performance - The ARR for Kingdee's cloud subscription services is expected to reach approximately RMB 3.86 billion by September 30, 2025, with a year-on-year growth of around 18% [1] - The net dollar retention rates (NDR) for various Kingdee cloud products are as follows: Kingdee Cloud · Cang Qiong & Xing Han at 105%, Kingdee Cloud · Xing Kong at 95%, Kingdee Cloud · Xing Chen at 93%, and Kingdee Jing Dou Cloud at 88% [1] Group 2: Strategic Partnerships - During the reporting period, Kingdee has signed contracts with notable companies such as Chin Hin Group Berhad, BAIC Group, Yuchai Group, New Steel Union, Huaxi Biological, and Qiang Nao Technology [1]

Core Viewpoint - Kingdee International (00268.HK) is deepening its core strategy of "AI-first, Subscription-first, Globalization," with a projected annual recurring revenue (ARR) of approximately RMB 3.86 billion by September 30, 2025, representing a year-on-year growth of about 18% [1] Group 1 - The net dollar retention rates (NDR) for Kingdee Cloud's various services are as follows: 105% for Cloud Cang Qiong & Xing Han, 95% for Cloud Xing Kong, 93% for Cloud Xing Chen, and 88% for Kingdee Jing Dou Cloud [1] - The company has secured contracts with notable enterprises such as Chin Hin Group Berhad, BAIC Group, Yuchai Group, Xin Steel Union, Huaxi Biological, and Qiang Nao Technology during the period [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並表明不會就本公告全部或任何部 分內容所產生或因倚賴該等內容而引致的任何損失承擔任何責任。 金蝶國際軟件集團有限公司 主 席 徐 少 春 深圳，中華人民共和國 本公告乃金蝶國際軟件集團有限公司（「本公司」連同其附屬公司（「本集團」）） 自願作出，旨在向本公司的股東及潛在投資者提供有關本集團的最新季度業務發 展情況。 金蝶持續深化「AI優先、訂閱優先、全球化」的核心戰略，截至2025年9月30日， 金蝶雲訂閱服務年經常性收入（ARR）約為人民幣38.6億元，同比增長約18%； 金蝶雲·苍穹&星瀚、金蝶雲·星空、金蝶雲·星辰、金蝶精斗雲的淨金額續費率（Net Dollar Retention，NDR）分別為105%、95%、93%、88%。期內，集團中標簽約 Chin Hin Group Berhad、北汽集團、玉柴集團、新鋼聯、華熙生物、強腦科技等 知名企業。 本公告所載以上營運數據未經審核乃僅供參考。本公司股東及潛在投資者應審慎 以避免不恰當地依賴上述數據，及於買賣本公司證券時務請審慎行事。 承董事會 ...

Group 1 - The Hang Seng Index rebounded, closing up 0.72%, with the internet sector leading the gains, followed by banking, industry, technology, and real estate sectors [1] - The internet sector saw a rise of 1.07%, with Meituan up 4.06%, Alibaba up 1.67%, Tencent Holdings up 1.52%, JD Group up 1.5%, and Baidu Group up 1.22%. However, companies like SenseTime, Bilibili, and Kingdee International experienced declines [3] - The banking sector opened strong and maintained a consolidation above the midline, closing up 0.88%, with Postal Savings Bank rising 4.59% and Minsheng Bank up 2.39% [3] Group 2 - The consumer sector rebounded, closing up 0.35%, with notable gains from companies like Chenzi Biological up 6.68%, Li Ning up 6.55%, and Sands China up 4.4% [3] - The healthcare sector opened low and saw a slight reversal near the end, closing down 1.31%, with CSPC Pharmaceutical down 2.96% and China Biopharmaceutical down 2.78% [3]

Core Insights - The article discusses the challenges small companies face in financial management and how Kingdee Cloud Star addresses these needs with a tailored solution [1][11] - Kingdee Cloud Star is positioned as a lightweight financial solution that integrates various functions to automate financial processes at a low cost [1][11] Group 1: Challenges Faced by Small Companies - Small companies often struggle with limited financial personnel, tight budgets, and diverse business needs, making it difficult to adopt traditional financial software [1] - The need for low-cost, easy-to-use, integrated, and compliant financial solutions is critical for small businesses [1] Group 2: Kingdee Cloud Star Features - Kingdee Cloud Star offers a cloud-native architecture that eliminates the need for server deployment, significantly lowering the digitalization barrier for small companies [1] - The solution automates financial processes, integrating smart finance, inventory management, tax compliance, and data analysis [1][11] Group 3: Efficiency Improvements - The software reduces repetitive tasks by 80% through features like intelligent bookkeeping, OCR invoice management, and automated bank reconciliation [2] - Integration of inventory and financial data eliminates "data silos," improving efficiency and accuracy in financial reporting [2] Group 4: Tax Management and Compliance - Kingdee Cloud Star includes a policy radar feature that updates tax incentives and automates tax reporting for various tax types, reducing the burden of tax compliance [4][5] Group 5: Mobile and Collaborative Features - The platform supports multi-device collaboration, allowing business owners to access financial data in real-time and approve transactions on the go [5] - The mobile app enhances decision-making efficiency by providing instant access to key financial metrics [5] Group 6: Industry Recognition - Kingdee Cloud Star has been recognized as the leading SaaS cloud service for small and medium enterprises in China for three consecutive years [6] - The product has received endorsements from government initiatives, ensuring compliance with tax regulations [6] Group 7: Customer Success Stories - A trading company reduced its month-end closing time from three days to two hours after implementing Kingdee Cloud Star, significantly decreasing error rates [7] - A restaurant chain managed to automate tax reporting, saving costs and achieving zero tax anomalies over a year [8] - A tech company improved financial processing efficiency by 60% during remote work by utilizing mobile approval features [9] Group 8: Free Trial Offer - Kingdee Cloud Star offers a 15-day free trial, allowing small companies to experience the software without upfront costs, with flexible payment options available afterward [10] Group 9: Conclusion - Kingdee Cloud Star is positioned as an ideal financial software choice for small companies, addressing their unique challenges with a focus on low cost, high efficiency, and comprehensive integration [11]