Summary by Futu AI
Kingdee International Software Group Co., Ltd. announced its unaudited interim performance as of June 30, 2024. During the period, the group's revenue increased by 11.9% year-on-year to approximately RMB 2,870,025,000. Equity holders of the company suffered a loss of approximately RMB 217,851,000 for the current period, a decrease from the loss of approximately RMB 283,535,000 in the same period last year. The basic loss per share was approximately RMB 6.12. The company accelerated the transformation of its cloud subscription service model, with cloud service business revenue increasing by 17.2% year-on-year, accounting for approximately 83.2% of the group's revenue. Kingdee's cloud subscription service annual recurring revenue (ARR) increased by 24.2% year-on-year, and its contracted liabilities increased by 28.2% year-on-year. In addition, the company repurchased shares during the reporting period and did not declare a mid-term dividend.