Kingdee International Software Group Co., Ltd. · HKEX:268

Kingdee International Software — H1 2026 Earnings Presentation

33 slides from Kingdee International Software's earnings presentation, Aug 12, 2026

  1. Slide 1: Kingdee International Software Group 2026 Interim Results

    Kingdee International Software Group 2026 INTERIM RESULTS Stock code: 268.HK 12 August, 2026

  2. Slide 2: Business Review

    e °. Kingdee Business Review

  3. Slide 3: 2026 Interim Results Highlights

    2026 Interim Results Highlights Overall Revenue Growth Continues to Accelerate (RMB million) 4,413 +18.3% +13.6% 3,625 2,028 3,730 +20.4% 3,192 1,684 2025 H1 2026 H1 2025 H1 2026 H1 2025 H1 2026 H1 Group Revenue Subscription Revenue Subscription ARR 3

  4. Slide 4: Product Segment Growth

    2026 Interim Results Highlights Product Segment Growth (RMB million) AI Native AI+SaaS Others 2,770 2,345 +10.3% 296 580 -3.6% 559 +189.0% 103 2025 H1 2026 H1 2025 H1 2026 H1 2025 H1 2026 H1 101% 套件 96% NDR 4 94%

  5. Slide 5: AI-Native Product Begins to Drive Our Growth

    2026 Interim Results Highlights AI-Native Product Begins to Drive Our Growth (RMB million) New Subscription Amount Breakdown 605 in 2026 H1 411 33% 67% 233 2025 H1 2025 H2 2026 H1 AI-Native Product Contract Value Kingdee AI Suite has become the core driver of new subscription growth in the large and

  6. Slide 6: AI-Native Products Reshape the Growth Curve

    AI-Native Products Reshape the Growth Curve 1. Time to Reach RMB1bn: Software Licenses 15 years → Cloud SaaS Subscriptions 6–7 years → AI 1–2 years 2. Scale Ceiling: License Era RMB0.8~1bn → SaaS Era RMB2bn → AI Era: ? (RMB million) 1,000 750 500 250 - 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Yea

  7. Slide 7: Expanding Market Share Across the AI Value Chain

    Expanding Market Share Across the AI Value Chain 58% of China’s Top 50 AI Technology Companies Choose Kingdee¹ 49% of National-Level “Little Giant” Enterprises Choose Kingdee AI Model Embodied Robot Frontier Hardware Optical Comm. PCB Value Chain (1) Based on the “2026 Forbes China Top 50 AI Technol

  8. Slide 8: Semiconductor Industry Customer Base

    Semiconductor Industry Customer Base Chip Design EDA Materials Metrology & Wafer Inspection Final Test MNEs Foundry Equipment Packaging Equipment CoWoS IDM 8

  9. Slide 9: 2026 Interim Results Highlights: Margins and Expense Ratios

    2026 Interim Results Highlights Subscription Model Compound Effect Accelerates, Operating Leverage Expands 96.5% 96.5% 47.4% 36.7% 65.6% 67.7% 33.4% 22.3% 17.9% 11.1% 10.2% 13.9% Group 整体 Implementation, 实施、咨询运维服务及其他 订阅及软件 Subscription & Software 营销费用率 S&M as % of Revenue 管理费用率 G&A as % of Revenue 研

  10. Slide 10: 2026 Interim Results Highlights: Profit and Cash Flow

    2026 Interim Results Highlights Per capita revenue exceeds RMB700k, operating quality continues to improve. 142 (RMB million) 116 +20.8% 54 -98 -51 -18 2025 H1 2026 H1 2025 H1 2026 H1 2025 H1 2026 H1 2025 H1 2026 H1 Per Capita Revenue Profit Attributable Adjusted Profit Net Cash Inflow from to Owner

  11. Slide 11: Contract Liabilities

    2026 Interim Results Highlights Contract Liabilities (RMB million) Recent 6.5-Year CAGR of Contract Liabilities: 4,645 +26.7% 997 118 190 2019 2020 2020 2021 2021 2022 2022 2023 2023 2024 2024 2025 2025 2026 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 Contract Liabilities Account Receivable 11

  12. Slide 12: Shareholder Returns & Strategic Investments

    2026 Interim Results Highlights Shareholder Returns & Strategic Investments Share Buyback Strategic (Cancellation & ESOP Platform) Investments HK$350mn RMB775mn Shares cancelled during the period represented 1% of the opening share capital RMB3.5bn Net Cash Reserves 12

  13. Slide 13: AI Native Product Progress

    02 AI Native Product Progress 13

  14. Slide 14: Kingdee Product Family

    Kingdee Product Family AI Native AI+ SaaS & Others Work Manage Build 套件 …… 14

  15. Slide 15: AI-Native Product Architecture

    AI-Native Product Architecture Multi-platform Access Interaction Work Manage Build Web PC Mobile SaaS Application Lingee Agent Ecosystem Product Financial Supply Chain Production Finance Mgmt Group Finance HRM SCM Production Mgmt R&D Agents Agents Agents Expansion Agents / Skills Market Procurement

  16. Slide 16: Lingee Enterprise AI Operating System

    Lingee Enterprise AI Operating System Work Manage Build Empower every employee to become a super AI native ERP Enterprise AI Development Platform individual. Build an AI-native organization that is human- An AI super-agent assistant for every employee machine symbiotic and self-evolving. across the

  17. Slide 17: Lingee Data Cloud

    Lingee Data Cloud Provides Trustworthy Context for Agents and Accumulates Reusable Enterprise AI Assets Context Assembly · Agent Loop Skills & Tools Controlled → → Business Actions Working Memory: Business Methods · System Task Context · Intermediate Results · Tool Status Connections · Permission En

  18. Slide 18: Lingee Enterprise Agent Operating System

    Lingee Enterprise Agent Operating System Intelligence That Continuously Evolves L6 Closed-Loop｜Goal-Driven Strategic goal setting and execution, process monitoring, and results review 03 Goal-Driven Closed Loop L5 Execution｜Business Agents Intelligent execution across expense reimbursement, invoicin

  19. Slide 19: Lingee Management Philosophy

    Lingee Management Philosophy Traditional ERP is process-driven, whereas AI is cognition-driven. 01 Intent-Driven Users set the intent and objectives, and AI executes work end to end. Intent-driven operations are the foundation of AI-native management. Management should evolve, not remain static. 02

  20. Slide 20: Lingee Delivers Measurable Value to Customers

    Lingee Delivers Measurable Value to Customers Delivery Lead Time for Dealer Signed with Malaysia’s largest Sales Orders Reduced by 65% Improvement in R&D 50% Shortening of 97% Improvement in Employee integrated construction and Approximately 30% Efficiency Development Cycles Expense Reimbursement pr

  21. Slide 21: Lingee Customer Co-innovation – Lighthouse to Best Practice

    Lingee Customer Co-innovation – Lighthouse to Best Practice Partnering with More Industry Leaders to Build an AI-Powered Future… 21

  22. Slide 22: Outlook

    O pz °. Kingdee Outlook 22

  23. Slide 23: 2026 Business Outlook

    2026 Business Outlook AI and Globalisation to Drive Growth • Group Revenue Achieves Double-Digit Growth, AI-Native Product Revenue Exceeds RMB1 Billion - The combination of Lingee and Kingdee AI Suite • Subscription Revenue at Approximately 20% Growth • Overseas Revenue Maintains Strong Growth Subsc

  24. Slide 24: Maintain AI Transformation Goal in 2030

    Maintain AI Transformation Goal in 2030 Build another Kingdee with AI native products AI Native 50% SaaS AI + SaaS 50% 24

  25. Slide 25: Appendix

    Appendix 25

  26. Slide 26: Income Statement

    Income Statement (RMB’000) 2026 H1 2025 H1 YoY Chg Revenue 3,625,422 3,192,499 13.6% Cost of Sales -1,169,510 -1,097,158 6.6% Gross Profit 2,455,912 2,095,341 17.2% Selling & Marketing Expenses -1,330,408 -1,263,898 5.3% Administrative Expenses -368,132 -346,049 6.4% Net Impairment Losses on Financi

  27. Slide 27: Revenue by Business Segments

    Revenue by Business Segments (RMB’000) 2026 H1 % of Revenue 2025 H1 % of Revenue YoY Chg Subscription & Software 2,300,590 63.5% 1,999,487 62.6% 15.1% Subscription 2,028,003 55.9% 1,684,262 52.8% 20.4% Software 272,587 7.6% 315,225 9.8% -13.5% Implementation, Consulting, Maintenance 1,324,832 36.5%

  28. Slide 28: Research and Development Expenses

    Research and Development Expenses (RMB’000) 2026 H1 2025 H1 YoY Chg Staff Costs 758,123 753,498 0.6% Fixed Fees 19,240 15,119 27.3% Professional Services Fees 4,674 4,835 -3.3% Travel Expenses 4,669 3,724 25.4% Others 11,060 1,646 571.9% Total R&D Expenditure 797,766 778,822 2.4% Less: Capitalized R

  29. Slide 29: Selling and Marketing Expenses

    Selling and Marketing Expenses (RMB’000) 2026 H1 2025 H1 YoY Chg Staff Costs 721,990 725,577 -0.5% Sales Promotion & Marketing 512,649 439,630 16.6% Activity Expenses Fixed Fees 44,528 45,196 -1.5% Travelling Expenses 31,370 33,802 -7.2% Project Collaboration Fees 6,537 6,888 -5.1% Others 13,334 12,

  30. Slide 30: General and Administrative Expenses

    General and Administrative Expenses (RMB’000) 2026 H1 2025 H1 YoY Chg Staff Costs 285,587 280,060 2.0% Fixed Costs 54,271 41,631 30.4% Professional Services Fees 17,593 16,233 8.4% Recruitment & Training Costs 3,898 1,212 221.6% Travel Expenses 2,580 2,453 5.2% Others 4,203 4,460 -5.8% Total 368,132

  31. Slide 31: Other Income and Gains - Net

    Other Income and Gains - Net (RMB’000) 2026 H1 2025 H1 YoY Chg VAT Refund and Research Project 41,672 82,859 -49.7% Income Rental - Net 50,834 39,604 28.4% Fair Value Changes of Investments -22,006 2,231 N/A Gain Recognized on Investment 8,060 7,466 8.0% Income Foreign Exchange Loss -4,278 -1,842 -1

  32. Slide 32: Adjusted Net Profit (a Non-IFRS measure)

    Adjusted Net Profit (a Non-IFRS measure) (RMB’000) 2026 H1 2025 H1 YoY Chg Profit / Loss Attributable to Owners of the Company 54,497 （97,738） NA Share-based Compensation 34,551 51,169 -32.5% Share of Profit / Loss of Associates （6,385） (7,126) 10.4% Amortization of Intangible Assets from Acquisitio

  33. Slide 33: Thanks

    e e Kingdee BYNES Thanks — b Terima kasih BBY J Copyrights ©1993-2026 Kingdee International Software Group

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