Guangfa Securities: Maintains a buy rating on Kingdee International Software Group Limited (00268.HK)

According to the Wisdom Financial APP, Guotai Junan Securities released a research report stating that Kingdee International (00268.HK) focuses on subscription priority and AI priority. As a leading domestic ERP company, with the support of AI, Kingdee's product strength is expected to be further enhanced. Maintain revenue forecasts for 2025-2027 at 6.9/7.7/8.5 billion yuan. Maintain a "buy" rating. On November 4, 2025, at the Kingdee 2025 Global Innovators Conference, "Kingdee Cloud" was officially upgraded to "Kingdee AI," and a new AI product "Xiao K" was launched, marking the official entry of enterprise management into the AI native era.