| 36 | | 阿里巴巴 | 2799.92 | | | --- | --- | --- | --- | --- | | 4 | | 小米集团-W | 1763.96 | | | 5 | | 拼多多 | 1603.06 | | | | 網易 | 网易 | 825.18 | 11 | | 7 | | 东方财富 | 520.85 | II | | 8 | | 中芯国际 | 516.85 | | | --- | --- | --- | --- | --- | | 9 | | 京东 | 457.68 | | | 10 | | 快手-W | 409.34 | | | II | | 腾讯音乐 | 326.82 | | | 12 | Bal Car | 目度 | 295.44 | | | 13 | | 理想汽车 | 283.13 | | | 14 | | 贝壳 | 221.36 | | | 15 | | 同花顺 | 218.78 | | | 16 | | 小鹏汽车 | 171.87 | | | 17 | | 中通快递 | 159.79 | | | 18 | | 科大讯飞 | 157.13 | | | 19 | | 蔚来 ...

Group 1 - The core viewpoint of the article highlights the strong market position of Kingdee International in the enterprise resource management (ERP) cloud services sector, being ranked first in China for 19 consecutive years [1] - As of July 31, Kingdee International's stock price increased by 5.26%, reaching HKD 17.62 per share, with a trading volume of HKD 299 million [1] - Kingdee International reported total revenue of HKD 6.256 billion and a net loss of HKD 142 million for the fiscal year ending 2024 [2] Group 2 - Kingdee International is recognized as a leading global enterprise management cloud SaaS company, providing ERP cloud services and AI management platforms [1] - The company serves over 7.4 million enterprises and government organizations worldwide [1] - Kingdee International is set to disclose its interim report for the fiscal year 2025 on August 11 [3]

Group 1 - Goldman Sachs expects the revenue of nine covered software companies to improve quarter-over-quarter in Q2, driven by a rebound in customer order momentum [1] - IT spending in certain sectors, such as construction, continues to face short-term pressure [1] - The firm anticipates that Q2 earnings for software companies will remain weak, but improvements are expected in the second half of the year due to enhanced operational efficiency and workforce optimization [1] Group 2 - In the Chinese ERP sector, Goldman Sachs forecasts Kingdee International's revenue to grow by 13% year-over-year to 3.2 billion yuan, supported by improved spending from large enterprise clients [1] - The firm believes that increased productivity per capita will contribute to profit improvement for Kingdee [1] - Goldman Sachs maintains a "Buy" rating on Kingdee, raising the target price from 17.81 HKD to 18.87 HKD [1]

金融界7月29日消息，上证指数低开高走，中证港股通TMT主题指数 (港股通 TMT，931026)报4662.29 点。 据了解，中证港股通TMT主题指数从港股通范围内选取50只TMT主题领域的上市公司证券作为指数样 本，以反映相关行业主题上市公司证券的整体表现。该指数以2014年11月14日为基日，以3000.0点为基 点。 从指数持仓来看，中证港股通TMT主题指数十大权重分别为：腾讯控股（14.6%）、小米集团-W （13.92%）、中国移动（13.46%）、中芯国际（8.79%）、快手-W（7.43%）、长和（4.91%）、联想 集团（3.07%）、中国电信（2.86%）、金蝶国际（2.11%）、舜宇光学科技（2.04%）。 从中证港股通TMT主题指数持仓的市场板块来看，香港证券交易所占比100.00%。 从中证港股通TMT主题指数持仓样本的行业来看，通信服务占比55.41%、信息技术占比44.59%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因 ...

Group 1 - Goldman Sachs reports that Kingdee International (00268) is expected to achieve a year-on-year revenue growth of 13% to 3.2 billion RMB in the first half of the year, driven by improved spending from large enterprise clients [1] - The firm believes that productivity improvements will lead to enhanced profitability and maintains a "Buy" rating for Kingdee [1] - Goldman Sachs has raised its earnings forecasts for Kingdee International for 2026 and 2027 by approximately 1% to reflect growth in cloud service revenue from large enterprises and a slight decrease in operating expense ratio, while keeping the current year's forecast unchanged [1] Group 2 - The target price for Kingdee has been increased from 17.81 HKD to 18.87 HKD [1] - Goldman Sachs anticipates that the nine software companies it covers will see quarter-on-quarter revenue growth in the second quarter, primarily due to a rebound in customer order momentum [1] - However, certain sectors, such as construction, are still facing short-term pressure on IT spending [1] - The firm expects that profitability growth for software companies may improve in the second half of the year due to enhanced operational efficiency and workforce optimization [1]

Group 1 - Goldman Sachs reports that Kingdee International (00268) is expected to achieve a 13% year-on-year revenue growth to 3.2 billion RMB in the first half of the year, driven by improved spending from large enterprise clients [1] - The firm believes that the increase in per capita productivity will lead to profit improvement and maintains a "Buy" rating for Kingdee [1] - Goldman Sachs has raised its earnings forecasts for Kingdee International for 2026 and 2027 by approximately 1% to reflect growth in cloud service revenue from large enterprises and a slight decrease in operating expense ratio, while keeping the current year's forecast unchanged [1] Group 2 - The target price for Kingdee International has been adjusted from 17.81 HKD to 18.87 HKD [1] - Goldman Sachs anticipates that the nine software companies it covers will see quarter-on-quarter revenue growth in the second quarter, primarily due to a rebound in customer order momentum [1] - However, certain sectors, such as construction, are still facing short-term pressure on IT spending [1] - The firm expects that software companies will improve profitability in the second half of the year as operational efficiency and workforce optimization enhance [1]

承董事會命 金蝶國際軟件集團有限公司 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佈之內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示概不會就本公佈全部或任何部分內容而產生 或因倚賴該等內容而引致之任何損失承擔任何責任。 KINGDEE INTERNATIONAL SOFTWARE GROUP COMPANY LIMITED 金 蝶 國 際 軟 件 集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：268） 董事會召開日期 金蝶國際軟件集團有限公司（「本公司」）董事會（「董事會」）宣佈，本公司將於二零 二五年八月十一日（星期一）上午十時在中國廣東省深圳市南山區高新科技園南區科技南 十二路二號金蝶軟件園舉行董事會會議，藉以（其中包括）審議並批准本公司及其附屬公 司截至二零二五年六月三十日止六個月的中期業績及公告及中期股息分配的建議（如有）。 主 席 徐少春 中華人民共和國深圳，二零二五年七月二十八日 於本公佈刊發時，董事會成員包括執行董事徐少春先生（董事會主席及首席執行官）及林 波先生（首席财务官）；非執行董事董明珠女士及 Gary Clark Biddle 先生；及 ...

Core Insights - Kingdee Software (China) Co., Ltd. has applied for a patent titled "Data Query Method, Computer Equipment, and Computer Storage Medium" with publication number CN120371863A, filed on April 2025 [1] - The patent aims to simplify complex query statements by breaking them down into individual table queries, thereby enhancing query efficiency and speed [1] Company Overview - Kingdee Software (China) Co., Ltd. was established in 1993 and is located in Shenzhen, primarily engaged in software and information technology services [2] - The company has a registered capital of 1.4 billion RMB [2] - Kingdee has invested in 65 enterprises and participated in 3,302 bidding projects, holding 801 trademark records and 1,853 patent records, along with 97 administrative licenses [2]

Core Insights - The article presents the market capitalization rankings of the top 50 Chinese technology and internet companies as of July 28, 2025, highlighting significant shifts in valuations and market positions [1]. Group 1: Market Capitalization Rankings - The top three companies by market capitalization are Alibaba with 1,000.00 billion, Tencent at 800.00 billion, and Baidu at 600.00 billion [3]. - Notable companies in the top 10 include JD.com at 478.29 billion and Kuaishou at 398.09 billion [3]. - The rankings show a decline in market value for several companies, with Tencent Music and Li Auto both experiencing a decrease of 1% [3]. Group 2: Changes in Valuation - Companies like Kingsoft and China Software have shown slight increases in their market capitalization, with Kingsoft rising by 1% to 62.09 billion [4]. - Conversely, companies such as New Oriental and Kingdee International have seen declines, with New Oriental at 76.34 billion and Kingdee at 76.33 billion, both down by 2% [4]. - The overall trend indicates a mixed performance among the top 50 companies, with some gaining value while others are losing [5]. Group 3: Additional Insights - The data reflects daily calculations of market capitalization based on the current exchange rates between USD and HKD [5]. - The rankings serve as a tool for investors to gauge the performance and market position of leading technology firms in China [5].

Investment Rating - The report maintains a positive investment rating for the computer industry, emphasizing the transition from "Internet+" to "AI+" as a significant opportunity for growth [7]. Core Insights - The digital economy in China is evolving from the broad connectivity phase of "Internet+" to the innovative leadership phase of "AI+", driven by government policies and the rapid implementation of AI applications across various industries [5][11]. - The AI industry in China is projected to maintain a compound annual growth rate (CAGR) of 32.1% from 2025 to 2029, with the market size expected to exceed 1 trillion yuan by 2029 [12][18]. Summary by Sections Market Review - During the week of July 21-25, the CSI 300 index rose by 1.69%, the small and medium-sized board index increased by 2.44%, and the ChiNext index grew by 2.76%. The computer sector (CITIC) saw an increase of 1.81% [3]. Industry News - Hanxin Technology announced plans for share reduction by major shareholders, while Hailianxun completed changes in registered capital and business license [4]. Weekly Insights - Investment suggestions include focusing on companies in various sectors such as office software (e.g., Kingsoft Office), programming (e.g., Zhuoyi Information), terminal AI (e.g., Hanshu Technology), ERP/CRM (e.g., Kingdee International), and more, as the "AI+" applications accelerate across industries [5][22]. Historical Turning Point - The transition from "Internet+" to "AI+" is marked by significant policy support, with the government emphasizing the integration of digital technology with manufacturing and market advantages [11][18]. Policy Support - The report highlights a surge in policies supporting "AI+" initiatives, with local governments actively promoting AI applications across various sectors [19][21]. Accelerating AI Applications - Numerous successful AI application cases are emerging across over 20 industry categories, indicating a potential for high growth similar to the "Internet+" era [22][24].