Glonghui, March 20 | CCB International released a report saying that Kingdee International's performance last year was in line with expectations, and the trend in the second half of last year was positive. While the company's revenue guidance for this year is slightly disappointing, the total subscription revenue target is encouraging. According to the bank, Kingdee International focused on subscriptions and artificial intelligence, focused on profit quality and the next stage of growth, and maintained a “outperforming the market” rating. The target price was lowered from HK$14.7 to HK$14. According to the report, after Kingdee International announced the results, considering the latest management guidelines, the revenue forecast for the 2024 and 2025 fiscal years was lowered by 1% and 4%, respectively. It is expected that this year's losses will narrow at a similar rate to 2023, bringing the company close to breakeven in 2024.