港股异动 | 金蝶国际(00268)涨近4% 预计25年度总收入同比增长至多约12.7% 云订阅业务收入持续快速增长

Core Viewpoint - Kingdee International (00268) has seen a nearly 4% increase in stock price, attributed to its positive revenue and profit forecasts for the fiscal year ending December 31, 2025, driven by its "subscription-first, AI-first" strategy [1] Group 1: Revenue Forecast - The company expects total revenue for the reporting period to be approximately RMB 69.5 billion to RMB 70.5 billion, representing a growth of about 11.1% to 12.7% compared to the same period in 2024, where revenue was approximately RMB 62.56 billion [1] - The growth is primarily due to the rapid increase in cloud subscription business revenue and the accelerated implementation of enterprise management AI, leading to an enhanced market share [1] Group 2: Profit Forecast - Kingdee anticipates a profit attributable to equity holders of the company in the range of approximately RMB 60 million to RMB 100 million, a significant turnaround from a loss of approximately RMB 142 million in 2024 [1] - The expected profit increase is mainly driven by the scaling effects of the cloud subscription business and efficiency improvements brought by AI [1] Group 3: Adjusted Profit - After excluding stock-based compensation, goodwill impairment, changes in fair value of investments, amortization of acquired intangible assets, and related income taxes, the adjusted profit attributable to equity holders is projected to be between RMB 190 million and RMB 240 million, compared to a loss of approximately RMB 10 million in 2024 [1] Group 4: Cash Flow - The net cash inflow from operating activities is expected to be approximately RMB 10.9 billion to RMB 11.1 billion, reflecting a growth of about 16.8% to 18.9% compared to the net inflow of approximately RMB 9.34 billion in 2024 [2]