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 ...