| | 20 | | --- | --- | | 19 | 10 | | | 125 | | 6 0 | #13-106-280 | 来源：朝阳永续 1. 金蝶国际全年业绩预期怎么样？ 截至2025年11月06日，根据朝阳永续季度业绩前瞻数据： 预测营业收入66.67~72.15亿元，同比增长6.6%~15.3%；预测净利润0.28~2.01亿元，同比增长 119.7%~241.8%；预测经调整净利润0.28~1.57亿元。 关注后续财报数据披露后能否超预期，朝阳永续港股季度业绩前瞻数据将为投资者提供业绩鉴定。 分业务来说： 1) 订阅ARR增长：金蝶国际订阅ARR达到38.6亿元，净新增1.3亿元，显示增量稳定堆积。 2) NDR表现：苍穹&星瀚/星空/星辰/精斗云NDR分别为105%/95%/93%/88%，环比基本持平，大企业同 比大幅改善。 3) 出海扩张：与马来西亚振兴集团签订合作协议，标志着公司直接触及当地企业，预计海外营收占比 将提升至5%-10%。 信达证券认为：金蝶国际在低代码与零代码软件市场保持领先地位，市场占有率连续五年位居中国第 一，达到15.7%。2024年下半年市场规模同比增长20 ...

Core Viewpoint - On October 13, 2025, Yonyou Network Technology Co., Ltd. was placed on the military procurement suspension list due to violations of contract agreements, specifically related to project number 2023-JL13(04)-F10005 [1][4]. Group 1: Company Information - Yonyou Network was founded in 1995 and is headquartered in Haidian District, Beijing, with a registered capital of 3.416997409 billion RMB [9]. - The company focuses on the development, sales, and services of enterprise digital software and intelligent services, leveraging AI, big data, and cloud computing technologies [8]. Group 2: Financial Performance - For the first half of the year, Yonyou reported total revenue of 3.581 billion RMB, a decrease of 5.9% compared to the same period last year [8]. - The company recorded a net profit attributable to shareholders of -944.52 million RMB, indicating a loss compared to -793.94 million RMB in the previous year [8]. - The net cash flow from operating activities was -928.18 million RMB, an improvement from -1.521 billion RMB in the same period last year [8]. - As of the end of the reporting period, the net assets attributable to shareholders were 7.548 billion RMB, down 8.5% from the previous year, while total assets decreased by 9.2% to 21.926 billion RMB [8].

【今日焦点】 金蝶国际(00268.HK)中期收入同比增长约11.2%至31.93亿元 金蝶国际(00268.HK)公告，截至2025年6月30日止6个月，收入较2024年同期增长约11.2%至约人民币 31.93亿元；公司权益持有人应占当期亏损约人民币9773.8万元(2024年同期亏损约人民币2.18亿元)，同 比减亏约55.1%；公司权益持有人应占当期亏损每股基本亏损约人民币2.78分(2024年同期每股基本亏损 约人民币6.12分)。 作为全球领先的企业管理云SaaS公司，金蝶在多个领域获得行业专业机构的认可。根据IDC最新发布的 企业应用市场相关追踪报告，金蝶在中国市场的SaaSERP、财务云、财务和会计应用云、司库管理云、 EPM、税务、PLM云等多个细分领域均位列第一，并已连续21年蝉联IDC中国成长型企业应用软件市场 占有率第一。 一元宇宙(01616.HK)接获法定要求偿债书 【财报业绩】 百胜中国(09987.HK)中期经营利润同比增长10%至7.03亿美元 康师傅控股(00322.HK)上半年股东应占溢利同比提高20.5%至22.71亿元 裕元集团(00551.HK)：中期股东应占溢利1 ...

Core Viewpoint - The "golden decade" of AI+SaaS has arrived, presenting opportunities for small and medium-sized enterprises (SMEs) to achieve digital transformation through AI technology, which is essential for industrial upgrading [1][3]. Group 1: Digital Transformation and Policy Support - The digital transformation of SMEs is a crucial step towards new industrialization and is key to achieving the "specialized, refined, distinctive, and innovative" development of SMEs [3][4]. - The "Action Plan for Digital Empowerment of SMEs (2025-2027)" outlines a systematic approach to promote digital transformation, including seven key tasks such as implementing pilot projects and enhancing public service capabilities [3][4]. - SMEs are encouraged to leverage policy support and technological tools to build competitive advantages in niche markets [3][5]. Group 2: AI and SaaS as New Growth Drivers - The integration of AI and SaaS is redefining the digital transformation landscape, with a focus on AI-native technologies to reconstruct enterprise management [5][6]. - The launch of the AI-native mobile application "Cangqiong APP" by the company supports natural language interaction and intelligent data analysis across various business functions [5][6]. - The expected cloud adoption rate among SMEs is projected to exceed 40% by 2027, with the company offering subscription-based cloud services to lower the barriers to transformation [5][6]. Group 3: Strategic Recommendations for SMEs - A gradual approach to digital transformation is recommended, starting with basic functions like financial management and gradually extending to core business areas [6]. - The company has initiated a subsidy program to alleviate cost pressures on SMEs, emphasizing that true digitalization enhances human capabilities rather than replacing them [6]. - The company plans to invest significantly in R&D over the next three years to develop an intelligent management system covering finance, human resources, and supply chain [6].