Kingdee International Software Group Company Limited, an investment holding company, engages in the subscription and sale of software worldwide.
Profile & Fundamentals
Kingdee: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Kingdee Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
Kingdee International Software Group Company Limited, an investment holding company, engages in the subscription and sale of software worldwide. It also provides subscription and software implementation services, software solution consulting, maintenance, upgrade and other supporting services, and other services. In addition, the company designs, develops, manufactures, and sells software and hardware products; and provides software-related and online financial intermediation services. It serves enterprises, government agencies, and other organizations. The company was founded in 1993 and is headquartered in Shenzhen, the People's Republic of China.
Company profile record
Kingdee International Software Group Co Ltd
Common Stock · Information Technology · Application Software
Company
- Company / asset
- Kingdee International Software Group Co Ltd
- Security type
- Common Stock
- Sector
- Information Technology
- Industry
- Application Software
- HQ
- 🇨🇳 China
- Head office
- Kingdee Software Park, Shenzhen, China
Leadership & scale
- Chief executive
- Mr. Shao Chun Xu
- CEO year born
- 1963
- Full-time employees
- 10.5K
- Fiscal year end
- December
- IPO date
- 2001-02-15
Fundamentals snapshot
- Market Cap
- HKD 25.7B
- P/E
- 84.7x
- Revenue (Q2 26)
- CNY 3.6B
- Profit (Q2 26)
- CNY 53.7M
- Dividend Yield
- --
- Revenue (FY 25)
- CNY 7.0B
- Shares in public float
- 2.8B
- Insider ownership
- 20.09%
Reporting & identifiers
- Symbol
- 0268.HKEX
- Listing
- 🇭🇰 Hong Kong | Dividend Tax: 0%
- Ticker Currency
- HKD
- Income Statement Currency
- CNY
- Balance Sheet Currency
- CNY
- Cash Flow Currency
- CNY
- EPS Currency
- CNY
- Contract Type
- SPOT
- ISIN
- KYG525681477
- Asset ID
- equity_f249c87d-ad66-57a1-8949-95dca1a352ba
Ownership
Shares Outstanding
Latest: 3.5B | Max: 3.5B | Min: 2.8B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
79.84%
2.8B latest reported shares
Insider Ownership
20.09%
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 2,845,743,000 |
| 2018-01-01 | 3,509,559,000 |
| 2019-01-01 | 3,318,090,000 |
| 2020-01-01 | 3,370,180,000 |
| 2021-01-01 | 3,131,869,000 |
| 2022-01-01 | 3,443,989,000 |
| 2023-01-01 | 3,465,017,000 |
| 2024-01-01 | 3,528,314,000 |
| 2025-01-01 | 3,523,534,000 |
| 2026-01-01 | 3,513,775,000 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
The company achieved a meaningful financial turnaround in fiscal 2025, generating revenue of 7.01 billion yuan and returning to positive net income of 92.9 million yuan after consecutive years of restructuring deficits. Performance continued into the first half of 2026, with revenue expanding to 3.63 billion yuan. This recovery reflects expanding cloud subscriptions, which now generate the dominant share of enterprise sales and insulate the business against cyclical declines in traditional software licenses. However, interpretations diverge regarding underlying earnings quality. Skeptics note that core operating income remained slightly negative before government grants and financing gains are included. Supporters emphasize that annual free cash flow surged to 961 million yuan, demonstrating that recurring customer collections provide substantial operational liquidity ahead of formal accounting profit recognition.
The company achieved a meaningful financial turnaround in fiscal 2025, generating revenue of 7.01 billion yuan and returning to positive net income of 92.9 million yuan after consecutive years of restructuring deficits. Performance continued into the first half of 2026, with revenue expanding to 3.63 billion yuan. This recovery reflects expanding cloud subscriptions, which now generate the dominant share of enterprise sales and insulate the business against cyclical declines in traditional software licenses. However, interpretations diverge regarding underlying earnings quality. Skeptics note that core operating income remained slightly negative before government grants and financing gains are included. Supporters emphasize that annual free cash flow surged to 961 million yuan, demonstrating that recurring customer collections provide substantial operational liquidity ahead of formal accounting profit recognition.
Revenue, Net Income, and Free Cash Flow
Latest: CNY 7.0B | Max: CNY 7.0B | Min: CNY -513.3M
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: --
No history available.
Profitability & Margins
Margins and Operating Efficiency
AI Review
Gross margins expanded to 67.1 percent in fiscal 2025 and reached 67.7 percent in the first half of 2026, recovering from lows of 61.6 percent in 2022. This improvement reflects a growing mix of high-margin cloud subscriptions, which amortize platform development costs over a broadening customer base. Operating margins also narrowed from double-digit negative territory toward breakeven. A key structural debate persists regarding terminal profit margins. Large state-owned clients frequently require bespoke on-site engineering, which prevents gross margins from reaching historical peaks above eighty percent. However, as standard subscription modules and automated deployment scripts scale, operating leverage is expected to steadily pull consolidated operating margins toward sustainable mid-single digits.
Gross margins expanded to 67.1 percent in fiscal 2025 and reached 67.7 percent in the first half of 2026, recovering from lows of 61.6 percent in 2022. This improvement reflects a growing mix of high-margin cloud subscriptions, which amortize platform development costs over a broadening customer base. Operating margins also narrowed from double-digit negative territory toward breakeven. A key structural debate persists regarding terminal profit margins. Large state-owned clients frequently require bespoke on-site engineering, which prevents gross margins from reaching historical peaks above eighty percent. However, as standard subscription modules and automated deployment scripts scale, operating leverage is expected to steadily pull consolidated operating margins toward sustainable mid-single digits.
Profitability Margins
Latest: 67.1% | Max: 81.7% | Min: -12.4%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
67.1%
Gross profit / revenue
Operating Margin
-2.3%
Operating income / revenue
Net Margin
1.3%
Net income / revenue
FCF Margin
13.7%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
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| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 267,943,453.24 | 41,471,942.45 | 19,554,964.03 |
| 2017-12-31 | 353,833,794.16 | 47,619,662.06 | 68,324,731.18 |
| 2018-12-31 | 408,235,174.42 | 59,899,127.91 | 72,498,982.56 |
| 2019-12-31 | 477,814,655.17 | 53,531,609.2 | 64,392,241.38 |
| 2020-12-31 | 514,003,828.48 | -51,375,038.28 | 18,396,324.66 |
| 2021-12-31 | 656,312,421.38 | -47,536,163.52 | -17,505,188.68 |
| 2022-12-31 | 705,183,913.04 | -56,399,710.14 | -74,387,826.09 |
| 2023-12-31 | 799,869,436.62 | -29,561,971.83 | -34,264,225.35 |
| 2024-12-31 | 856,943,013.7 | -19,461,369.86 | 34,650,684.93 |
| 2025-12-31 | 1,002,294,134.48 | 13,292,417.74 | 137,420,171.67 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
No reported records are available in this preview.
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 81.31 | 13.37 | 15.48 | 7.3 |
| 2017-12-31 | 81.46 | 18.27 | 13.46 | 19.31 |
| 2018-12-31 | 81.69 | 16.14 | 14.67 | 17.76 |
| 2019-12-31 | 80.39 | 12.74 | 11.2 | 13.48 |
| 2020-12-31 | 65.81 | -12.37 | -10 | 3.58 |
| 2021-12-31 | 63.09 | -11.19 | -7.24 | -2.67 |
| 2022-12-31 | 61.61 | -12.07 | -8 | -10.55 |
| 2023-12-31 | 64.17 | -7.39 | -3.7 | -4.28 |
| 2024-12-31 | 65.07 | -5.36 | -2.27 | 4.04 |
| 2025-12-31 | 67.15 | -2.33 | 1.33 | 13.71 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-08-20.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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