Kingdee hits 5-week high on annual recurring revenue growth

Kingdee International Software

13/10/2026 04:58

** Shares of Kingdee International Software Group 0268.HK climb 7% to HK$8.67, their highest point since September 7 and rising for a third straight session 
** Enterprise resource planning (ERP) and cloud services provider says annual recurring revenue (ARR) of its subscription services amounted to 4.604 billion yuan ($687.67 million) for nine months ended at September 30, up 19.3% y/y
** Says net new ARR for third quarter of 2026 increased 46.9%  
** Co says it won bids and signed contracts with enterprises, including CRRC, Changan Automobile, China Everbright Group, H World Group and Sungrow Smart O&M, during third quarter 
** YTD, stock down 37%, Hang Seng TECH Index .HSTECH down 25.7%

($1 = 6.6951 Chinese yuan)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))