Kingdee International Software Group Co ( (KGDEF) ) has released its Q4 earnings. Here is a breakdown of the information Kingdee International Software Group Co presented to its investors.
Kingdee International Software Group Co. Ltd. is a leading enterprise management software provider, primarily engaged in cloud services and ERP solutions, with a strong presence in the Chinese and Asia-Pacific markets. The company has been listed on the Hong Kong Stock Exchange since 2001.
In its latest earnings report for the year ended December 31, 2024, Kingdee International announced a 10.2% increase in revenue, reaching approximately RMB 6.26 billion. The cloud services segment, which accounts for 81.6% of total revenue, saw a 13.4% growth, highlighting the company’s successful transition to a cloud subscription service model.
Key financial highlights include a narrowed net loss attributable to owners of the company, amounting to RMB 142.07 million compared to RMB 209.89 million in 2023. The company also reported a significant increase in net cash generated from operating activities, which rose to RMB 933.53 million from RMB 653.32 million the previous year. Strategic initiatives such as AI integration and global expansion have been pivotal in driving growth across various market segments.
Kingdee’s strategic focus on AI and subscription models, coupled with its efforts to enhance globalization, positions the company for continued growth. The company aims to strengthen its leadership in the enterprise cloud services sector and expand its market share globally.
Looking ahead, Kingdee International remains committed to empowering enterprises with innovative solutions and robust digital capabilities, as it seeks to solidify its position as a trusted enterprise service platform. The management is optimistic about the company’s future prospects, driven by its strategic initiatives and market leadership.