Download App

Log in to access Online Inquiry

Kingdee International Software Narrows Loss in 2021 on Higher Revenue From Cloud Business; Shares Surge 11%

MT Newswires ·  {{timeTz}}

03:50 AM EDT, 03/17/2022 (MT Newswires) -- Kingdee International Software Group (HKG:0268) narrowed its loss to 0.0923 yuan ($0.015) per diluted share in 2021 from 0.1012 yuan a year prior.

Analysts polled by Visible Alpha expected a loss of 0.099 yuan per diluted share.

Loss attributable to owners of the company for the reported period shrank to 302.3 million yuan year over year from 335.5 million yuan, helped by a jump in revenue from its cloud services business, according to a late Wednesday filing.

Revenue advanced 24.4% year over year to 4.17 billion yuan, with turnover from its cloud services business up 44.2%.

Analysts polled by Visible Alpha expected revenue of 4.28 billion yuan.

Shares of the software company surged nearly 11% in mid-afternoon trade Thursday.

Price (HKD): $17.18, Change: $+1.56, Percent Change: +9.99%

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal.

Moomoo is a financial information and trading app offered by Moomoo Techonologies Inc.

In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).

In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. ("Moomoo Financial SG") regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial SG is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.

In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites and Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.