HK Stock Market Move | KINGDEE INT'L (00268) rises over 6%; contracted amount for AI-native products in the first three quarters exceeds RMB 1 billion; wins bids and signs contracts with multiple well-known enterprises.

KINGDEE INT'L (00268) rose over 6%, up 6.17% as of press time, at HK$8.6, with a turnover of HK$82.2442 million. On the news front, on October 12, KINGDEE INT'L announced that the group continues to advance its core strategy of "AI-first, subscription-first, globalization." As of September 30, 2026, the group's annual recurring revenue (ARR) from subscription services was approximately RMB 4.604 billion, a year-on-year increase of approximately 19.3%; net new ARR in the third quarter alone increased by approximately 46.9% year-on-year, mainly benefiting from the continued deepening of AI applications in enterprise management, which drove rapid growth in customer demand for Kingdee AI Suite and Lingji. For the nine months ended September 30, 2026, the contracted amount for the group's AI-native products reached RMB 1.002 billion. In addition, the net dollar retention (NDR) rates of AI+SaaS products (Kingdee AI Cosmic, Kingdee AI Galaxy, and Kingdee AI Stellar) as of September 30, 2026 were 101%, 97%, and 95%, respectively. In the third quarter of 2026, the group won bids and signed contracts with well-known enterprises including CRRC Corporation, Chongqing Changan Automobile, China Everbright Group, Huazhu Group, and Sunshine Zhiwei.