Kingdee International announced that as of the end of Q3 2026, its annual recurring revenue (ARR) reached approximately RMB 4.604 billion, up 19.3% year-on-year, with Q3 net new ARR up 46.9% year-on-year. The stock closed at HK$8.105, up 3.45% on the day.
Kingdee's AI contract signings have already exceeded the full-year 2025 total, and the resulting acceleration in net new ARR suggests the company's AI transition is gaining traction, though revenue recognition lags signings by 1-2 years.
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