19 Mar 2026 CMB International Global Markets | Equity Research | Company Update Kingdee (268 HK) Kingdee (268 HK) - Committed Committed to AI transformation Kingdee reported its 2025 results: revenue was RMB7.0bn, up 12.0% YoY (2024: +10.2% YoY), in line with Bloomberg consensus; net profit attributable to ordinary shareholders was RMB92.9mn (2024: loss of RMB142.1mn), below Bloomberg consensus of RMB132mn. In this print, Kingdee demonstrated its capability to deliver healthy revenue growth with improving o ...

Kingdee International Software Group FY2025 Annual Results Stock code: 268.HK 18 March 2026 2 2025 Financial Highlights Sustained Resilient Revenue Growth: Subscription ARR Surpasses RMB4 Billion, Leading China SaaS Industry (RMB million) Continued Operating Leverage Release from Subscription Business, Driving Steady Improvement in Operating Quality 毛利率 营销费用率 管理费用率 研发费用率 67.1% 38.9% 9.2% 21.3% 65.8% 42.5% 29.3% 12.3% 96.0% 96.5% 22.6% 22.5% Gross margin S&M ratio G&A ratio R&D ratio Implementation, Consulti ...