China's Kingdee jumps as cloud recurring revenue grows

Kingdee International Software Co

10/04/2025 03:50

** Shares of Kingdee International Software Group 0268.HK jump 10.3% to HK$12.4, set for the biggest one-day pct rise since March 6

** Stock on course for third straight session of gains; fifth biggest pct gainer on Hang Seng Tech Index .HSTECH, which is up 5.8%

** The Chinese cloud services provider said its Kingdee Cloud subscription annual recurring revenue for quarter ended in March reached 3.56 bln yuan ($484.50 mln), up 20% y/y

** Kingdee said it gained a number of new customers during the period, including Kweichow Moutai, Geely Group, China Meheco Group, China Paper, 01.AI, AutoAgents.ai

** Hang Seng Commerce & Industry Index .HSNC jumps 4.5%, Hang Seng Index .HSI rises 4.2%

** Stock up 43.7% YTD

($1 = 7.3478 Chinese yuan renminbi)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))