High-quality development of cloud service business Rapid growth in Cloud Revenue35.5%
ShenzhenAugust 22, 2022/ PR Newswire /-- Kingdee International Software Group Software Group Co., Ltd. ("Kingdee International Software Group”, Kingdee”Or "company"”, together with its subsidiaries, are collectively referred to as the "group"”(stock code: 0268.HK) announced its interim results for the year ended June 30, 2022 (the "reporting period"). During the reporting period, the Group continued to focus on cloud subscription services, contributing to the high-quality development of the Group's cloud services business. During the reporting period, the group's cloud services business revenue increased by 35.5% over the same period last year, accounting for about 76.4% of the group's revenue. The annual recurrent income (ARR) of Jindie Cloud subscription service is about 1.86 billion yuan, an increase of 46.5% over the same period last year, and the contract liabilities related to cloud subscription service increased by 56.0% year-on-year.
During the reporting period, the Group recorded revenue of about 2.197 billion yuan, an increase of about 17.3% over the same period in 2021 (same period in 2021: 1.872 billion yuan), while revenue from enterprise resource management plans and other businesses decreased by 18.1% compared with the same period last year. The loss attributable to the company's equity holders for the current period was RMB 356 million, which was mainly due to the company's increased R & D investment in cloud service products, especially Kingdee Cloud Xinghan and HR SaaS, as well as the continued epidemic situation of COVID-19, which adversely affected the efficiency of project delivery.
Since its establishment nearly 30 years ago, Kingdee has provided digital management solutions for more than 7.4 million enterprises and organizations around the world. In the first half of the year, it has been repeatedly recognized by well-known research institutions at home and abroad: the company has become the only Chinese enterprise aPaaS manufacturer in the global top 10 of Gartner 2021 high-productivity SaaS platform, won the first place in China, and won the first place in IDC aPaaS China's public cloud market ("China ERP application platform cloud service market insight"). Selected into the Gartner Chinese enterprise low-code application platform competition pattern, and became the representative manufacturer of Chinese enterprise low-code platform in the report.
Large enterprises-- accelerating progress500Strong cooperation, domestic replacement of re-tree benchmarking
During the reporting period, Jindieyun Sky and Jindieyun Xinghan recorded a total income of about 284 million yuan, an increase of 77.6% over the same period last year, and the renewal rate remained stable compared with the same period last year. Shandong heavy Industry, China General purpose Group, Minmetals International, Jindi Group, Liugong Group, Guangdong Energy, Chongqing Pharmaceutical and other super-large and large enterprises. In addition, the company continues to introduce strategic delivery partners to achieve a breakthrough in delivery direct signing, supporting the company's overall strategy to attack the large enterprise market. In the past two years, Sky and Xinghan have helped 122 enterprises to complete localization substitution, helping Huawei, Vanke, China Merchants, Zhongda products, Hegang Group, Shagang Group and many other Fortune 500 companies to carry out digital management restructuring.
During the period, Jin Dieyun Sky continued to be recognized by the industry: selected into the list of Yunyuan products of the Institute of Information and Communication, and selected by the Ministry of Industry and Information Technology big data key Laboratory for Analysis and Integrated Application of Industry”In addition, Jindieyun Sky is deeply integrated into the national Xinchuang ecology, has completed the full stack adaptation with the four mainstream technological systems of the Xinchuang industry, and has obtained the Digital Ecological compatibility Certification of the Information and Communication Institute.
Golden Butterfly Cloud Xinghan is a large enterprise EBC, covering financial cloud, human cloud, supply chain cloud, purchasing cloud, marketing cloud, manufacturing cloud and other standard applications and features. Among them, Xinghan Human Cloud, combined with Huawei's leading global human resource management practice, focuses on the main business pain points of human resource management in large Chinese enterprises. it is a global human resource management cloud service application product that meets the organizational change of the main business of large enterprises and the flexible adjustment of innovative business. The advantages of financial center, EPM (enterprise performance management) and intelligent financial differentiation are highlighted, which help large enterprises to build a world-class financial system and accelerate domestic substitution.
Medium-sized businesses-benefits continue to expand, subscribeARRRapid growth53%
During the reporting period, Golden Butterfly Star signed more than 300 national and provincial specialized and special new enterprises; newly signed Oriental selection, Zhoushan Boeing Co, Shanghai Maiwei Biology, Shenzhen Maijie Technology, Beijing Bird Technology, Samba Sensor, Guangzhou Hagar Intelligence, Shenzhen Quick Manufacturing Technology, Zhuhai Zhixin Automation Technology, Zhongshan Elemental Daily Chemical, Jiuyang Bean Industry, Hong Kong Catalo Natural Health Food and other enterprises. During the period, revenue reached 786 million yuan, an increase of 16.1% over the same period last year; cloud subscription ARR increased by 53% over the same period last year, customer renewal rate was 89%, and the number of Star customers reached 28300.
During the period, the Golden Butterfly Cloud strengthens the starry sky with more than one arrow.”Layout, release Golden Butterfly Cloud Star flagship version, and with EXIN, Amazon.Com Inc Cloud, Trip.com Business Travel, Deloitte and other ecological partners to release four major growth plans to accelerate the promotion of platform and ecological strategy; upgrade Manufacturing Operations Management Program (MOM) and special programs for new enterprises to further enhance "PLM+ERP+MES"”Competitiveness, and launched the supply chain control tower of the index design platform based on the customizable number of indicators, and the data intelligent service is further strengthened.
Small and micro enterprises-- promote the upgrading of the integration of finance and taxation, and the market share continues to increase.
During the reporting period, the financial cloud service business of small and micro enterprises continued to maintain rapid growth, with revenue growing by 74.1% compared with the same period last year, of which Golden Butterfly Cloud Star revenue increased by 337.7% year-on-year, renewal rate of 72%, and nearly 20000 customers. Jindieyun Xingchen positioning meets the needs of small business and industrial and trade enterprises in the growing period, continuously improving solutions, helping enterprises to upgrade their "management + operation" integration, helping enterprises to achieve intelligent fiscal and tax management, numerical intelligence of customer management, online and offline integration and collaborative integration of production, supply and marketing, and redefining the standard of upgrading the integration of industry, finance and taxation. Through continuous product innovation and marketing promotion, the layout of ecological partners of small and micro enterprises is becoming more and more perfect, and Kingdee's market share in small and micro enterprises is further enhanced.
Partner Ecology-- SkyISVPartners develop rapidly and deepen the layout of ecological strategy
The ecologically sustainable development of Skydome ISV development partners has attracted more than 150 ISV partners to develop products based on the Skydome platform, covering 13 major industries, including intelligent manufacturing, transportation logistics, wholesale and retail, finance, life sciences, etc. In terms of strategic ecology, Kingdee continues to cooperate with well-known consulting service enterprises at home and abroad. During the reporting period, Kingdee reached strategic cooperation with Deloitte, Ernst & Young, Xinyong Zhonghe, Hande Information, Jianguang Mathematical Science, etc., while continuing to deepen cooperation with KPMG, Softong Power and China soft International to build Kingdee delivery ecological service system and support the group's strategy of attacking large enterprise markets. And work with Huawei Yun, Aliyun, Tencent, Amazon.Com Inc AWS, Meituan and other service partners to continuously promote industry solutions to complete cross-platform product layout and jointly serve customers. In addition, Kingdee actively distributes Xinchuang Ecology and completes the product adaptation certification of more than 20 domestic Xinchuang partners.
“Xu Shaochun personal account” -- Listen to customer feedback and optimize Kingdee customer success system
"Xu Shaochun personal account”Set a precedent for enterprise service and set up "serving the enterprise wholeheartedly"”The culture runs through the whole journey of customer experience. In the first half of 2022, personal account received a total of 12000 inquiries. In addition, "Xu Shaochun personal account”Through the optimization process, let the customer feedback directly to the R & D team to promote product improvement. In the future, based on Xu Shaochun's personal account”Kingdee will continue to optimize the end-to-end Kingdee customer success system.
Chairman and Chairman of the Board of Directors of Kingdee GroupCEO Xu Shaochun saidIn the first half of 2022, the domestic COVID-19 epidemic is repeated, the global economic recovery is facing many challenges, and the severe external living environment also promotes various industries to accelerate digital transformation and pursue high-quality development. Kingdee helps enterprises build a new generation of assemblable EBC digital platform, meets challenges through agile innovation, and realizes "digital governance and resilient growth."”. In the future, the Group will adhere to "customer-centered, long-term professionalism; striver-oriented, long-term clear heart and pure heart"”Kingdee philosophy, fight side by side with every customer; on the basis of independent innovation and technology guidance, open and win-win with ecological partners; continue to focus on "platform + human finance and taxation + ecology"”Strategy, unswervingly transition to the cloud subscription service model, to achieve "using the subscription model to create a Kingdee"”。
About Kingdee International Software Group software group co., Ltd
Kingdee International Software Group Software Group Co., Ltd. (Kingdee International Software Group”Or "Kingdee"”) was founded in 1993, is a listed company on the main board of the Hong Kong Stock Exchange (stock code: 0268.HK), headquartered in Shenzhen, China, with "conscience, follow the right path, king" as the core values, to "serve the enterprise wholeheartedly, let the sun shine into every enterprise" as the mission, and strive to become the "most worthy of entrusted enterprise service platform".
According to IDC data, Kingdee International Software Group ranks first in the SaaS ERM (enterprise resource management cloud service) market of large, medium and small enterprises in China, as well as in SaaS EA (enterprise application cloud service) and financial cloud market share. At the same time, Kingdee became the only Chinese enterprise aPaaS manufacturer in the global top 10 of Gartner 2021 high productivity SaaS platform, winning the first place in China; the Chinese manufacturer selected by IDC 2021 to manufacture ERP SaaS competitiveness quadrant in Asia Pacific, ranking in the Contenders quadrant; selected into Forrester low Code Analysis report”And become the enterprise PaaS+SaaS platform with the largest number of practice cases in the report. Kingdee attaches great importance to user privacy and data security, and has completed the Grand Slam of product security and privacy system.”Including ISO27001, ISO27701, national information security level protection level 3 certification, international cloud security alliance CSA-STAR and other security certifications
Kingdee's cloud service products are favored by benchmark enterprises, including Kingdee Cloud Sky (enterprise-class PaaS platform), Kingdee Cloud Xinghan (large enterprise EBC), Kingdee Cloud Starry Sky (high-growth enterprise EBC), Kingdee Cloud Xingchen (small business SaaS management cloud), etc., which have provided digital management solutions for more than 7.4 million enterprises and organizations worldwide.