Equity Research 30 September 2026 | 2:49PM HKT Kingdee (0268.HK): AI native products with Lingee AI OS as key growth drivers; Continuous improving profi tability ahead; Neutral Kingdee's AI-native products including its in-house Lingee and Kingdee AI Suite etc. delivered strong growth of the contract value at 159% YoY or 47% HoH, and we view these as key drivers of its subscription business growth ahead. The company's 1H26 revenues were up 14% YoY, in line with its guidance and our estimates, driven by SMB ...

14 October 2026 | 11:53PM HKT Equity Research Kingdee (0268.HK): ARR +19% YoY to Rmb4.6bn by Sep 2026; Rising orders from AI native products; Neutral Ting Song +852-2978-6466 | ting.song@gs.com Goldman Sachs (Asia) L.L.C. Allen Chang +852-2978-2930 | allen.k.chang@gs.com Goldman Sachs (Asia) L.L.C. Verena Jeng +852-2978-1681 | verena.jeng@gs.com Goldman Sachs (Asia) L.L.C. Goldman Sachs does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that ...