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<Research>BofAS: KINGDEE INT'L 2025 Rev. Growth Stable, Adjusted NP in Line
Recommend 5 Positive 8 Negative 3 |
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KINGDEE INT'L (00268.HK) issued a positive profit alert after the bell yesterday (21st), according to a BofA Securities report. Based on the median of the expected range, KINGDEE INT'L's FY25 operating revenue is projected to have grown by 12% YoY to RMB7 billion (range: RMB6.95-7.05 billion), while adjusted net profit will have hit RMB215 million (range: RMB190-240 million). Both figures aligned with market consensus and BofA Securities expectations. The adjusted net profit excluded expenses such as equity incentive costs, goodwill impairment, and changes in the fair value of investments. BofA Securities attributed KINGDEE INT'L's solid FY25 revenue growth to strong expansion in large enterprise business. Meanwhile, the accelerated revenue growth in 2H25 (up 12.5% YoY compared to an 11% increase in 1H25) might reflect a gradual improvement in downstream demand, partly due to an increase in new orders from SMEs in 4Q25. KINGDEE INT'L's rating has been kept as Buy by BofA Securities, with a target price of HKD20.2. AAStocks Financial News |
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