---
title: "\"Big Banks\" Bank of America Securities: Kingdee's performance last year met expectations, target price 20.2 yuan"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/279526158.md"
description: "Bank of America Securities released a research report stating that KINGDEE INT'L's performance for the fiscal year 2025 met expectations, with revenue increasing by 12% year-on-year to RMB 7 billion, and net profit of RMB 93 million. The contract value of artificial intelligence products reached RMB 356 million, accounting for approximately 5% of revenue. As of the fourth quarter of 2025, the annual recurring revenue (ARR) from subscription services grew by 19% year-on-year to RMB 4.09 billion. The bank maintains a \"Buy\" rating on KINGDEE INT'L, with a target price of RMB 20.2"
datetime: "2026-03-18T02:56:37.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279526158.md)
  - [en](https://longbridge.com/en/news/279526158.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279526158.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/279526158.md) | [繁體中文](https://longbridge.com/zh-HK/news/279526158.md)


# "Big Banks" Bank of America Securities: Kingdee's performance last year met expectations, target price 20.2 yuan

Bank of America Securities published a research report stating that Kingdee International (00268.HK) announced its fiscal year 2025 results after the market closed yesterday (17th). Revenue grew by 12% year-on-year to RMB 7 billion (same below), with a net profit of RMB 93 million, both in line with the company's profit forecast. The monetization of artificial intelligence continues to advance, with the contract value of AI products reaching RMB 356 million in fiscal year 2025, accounting for approximately 5% of revenue. As of the fourth quarter of 2025, annual recurring revenue (ARR) from subscription services grew by 19% year-on-year to RMB 4.09 billion.

In summary, the firm believes that Kingdee has achieved resilient revenue growth, improved annual ARR trends in the fourth quarter, and an increase in net dollar retention rates among large and medium-sized clients. Based on the rise in subscription revenue and the clear growth prospects driven by AI monetization, the firm maintains a "Buy" rating on Kingdee, with a target price of RMB 20.2

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- [KINGDEE INT'L (00268.HK)](https://longbridge.com/zh-CN/quote/00268.HK.md)
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