Editor | Song Hui
Produced | CSDN Cloud Computing
Kingdee International Software Group Co., Ltd. ("Kingdee International", "Kingdee" or the "Company", together with its subsidiaries, the "Group"; stock code: 0268.HK) today announced its twelve Monthly (“Reporting Period”) annual results. Focusing on the strategy of "Platform + People, Finance, Taxation + Ecology", the Group continued to develop and promote cloud subscription services, resulting in high-quality growth of cloud business. During the reporting period, the Group's cloud business achieved a year-on-year increase of 44.2% in revenue to approximately RMB 2.758 billion, accounting for approximately 66.1% of its revenue. Kingdee Cloud Subscription Service Annual Recurring Revenue (ARR) was approximately RMB 1.57 billion, a year-on-year increase of 58.5%, contract liabilities related to cloud subscription services achieved a year-on-year increase of 64.6%, and the Group's operating cash flow increased by 39.6% year-on-year to approximately RMB 661 million Yuan.
Kingdee Cloud Subscription Service Annual Recurring Revenue (ARR) was approximately RMB 1.57 billion, a year-on-year increase of 58.5%
During the reporting period, the Group recorded revenue of approximately RMB 4.174 billion, representing an increase of approximately 24.4% as compared with the same period in 2020, while revenue from enterprise resource management planning and other businesses decreased by 2% year-on-year. The Group continued to increase investment in product research and development of Kingdee Cloud·Qingqiong, Kingdee Cloud·Xinghan and other clouds, and the loss attributable to the company's equity holders for the current period was approximately RMB 302 million.
According to IDC data, Kingdee International ranks first in the SaaS ERM (enterprise resource management cloud service) market for large, medium and small enterprises in China, and maintains its No. 1 market share in SaaS EA (enterprise application software cloud service) and financial cloud market. one. At the same time, Kingdee became the only Chinese enterprise-level SaaS vendor in Gartner's top five application platform software in 2020; selected as a Chinese vendor in the 2021 IDC 2021 Asia-Pacific Manufacturing ERP SaaS Competitiveness Quadrant, ranking in the Challengers quadrant; selected in "Forrester Low-Code Analysis" Report” and became the enterprise-level PaaS+SaaS platform with the most 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 3 Certification, International Cloud Security Alliance CSA-STAR and many other security certifications .
Large-scale enterprise market leads localization substitution
As a new-generation enterprise-level PaaS platform of independent innovation, Kingdee Cloud Cosmic Platform has applied for 213 patents in total, and launched the industry-leading Kingdee Cloud Cosmic multi-dimensional database, further strengthening its technical advantages in the field of finance and taxation, and its product reliability has won customers many times. Highly recognized; actively integrate into the national Xinchuang ecosystem and participate in the formulation of industry standards. In addition, there are more than 1,200 ecological partners in the Qiong application market.
Kingdee's independent core technology: Kingdee Cloud·Sky Multidimensional Database
Kingdee Cloud Xinghan is represented by financial middle-office, EPM, and global treasury applications, covering a full range of digital management of large enterprise group finance, group taxation, global human resources, group production and procurement, etc. The product performance has reached a world-class level, helping Localized replacement. During the period, Xinghan EPM, which is based on self-developed core technology multi-dimensional database, has been successfully implemented in many Fortune 500 companies such as State Power Investment Corporation and Zhejiang Communications Investment; Xinghan Global Treasurer has helped Xiamen International Trade to greatly improve business processing efficiency; Xinghan supply chain products And manufactured products are chosen by large manufacturing customers as their overall next-generation core digital systems. Xinghan has achieved high-performance and high-consistency processing of 100 billion rows of transaction data, helping many enterprises to break through the "stuck neck" problem of system performance.
During the reporting period, Kingdee Cloud Sky and Kingdee Cloud Xinghan recorded a total revenue of approximately RMB 385 million, a year-on-year increase of 102.9%. At the same time, the renewal rate for customers of Cang Qiong and Xinghan exceeds 120%. In 2021, Cangqiong and Xinghan will sign a total of 551 customers, including 316 new customers, including industry benchmark customers such as CCB Jinke, Wuchan Zhongda, Shagang Group, Yixintang, BGI, Chinasoft International, and Fenghua Hi-Tech. In the past two years, Cang Qiong and Xinghan have assisted 102 corporate customers to carry out localized substitution.
Medium-sized enterprise cloud subscription ARR growth rate reached 60.3%
At present, Kingdee Cloud Starry Sky has established more than 800 industry benchmarks in 18 major industries, covering more than half of "specialized, special and new" and unicorn enterprises, and released a variety of data intelligence such as "early warning, forecast, recommendation" during the reporting period Application, continue to help medium-sized enterprises in healthy operation and accurate decision-making. At the same time, Kingdee Cloud Starry Sky has firmly and continuously deepened the industry layout, focusing on "specialization, specialization and innovation", and strengthening leading research in six major industries including high-tech, manufacturing, life science, food and daily chemicals, wholesale and retail, and new catering.
During the period, Kingdee Cloud·Star continued to grow, achieving revenue of approximately RMB 1.418 billion, a year-on-year increase of 24.3%, accumulative customers of 25,400, cloud subscription ARR growth rate of nearly 60.3%, and customer renewal rate index reaching a record high of 98.6%. During the period, newly signed Inno Laser, Casio Electronic Technology, Shandong Weigao Group, Zero Carbon Technology, Ruida Group, Xima Ophthalmology, Xinsheng Microelectronics, Jianghua Microelectronics, Qirun Tire and other well-known enterprises.
Small and micro enterprise cloud revenue increased by 82.8% year-on-year
During the reporting period, the small and micro finance cloud business achieved rapid growth, with revenue increasing by 82.8% year-on-year, and the overall customer renewal rate was about 85%, of which Kingdee Cloud·Xingchen had nearly 11,000 cumulative customers. During the period, based on the needs of small and micro enterprises for direct bank-enterprise connection and digital transformation, Kingdee Cloud Xingchen joined hands with China Merchants Bank and Ping An Bank to build a win-win service ecosystem to help small and micro enterprises realize the integration of capital flow and business flow Control.
Kingdee's expectations for PaaS platform, finance and taxation SaaS software and services, and human resources SaaS software and services:
Strengthen the ecological strategy and create a win-win situation with partners
Kingdee actively deepens cooperative relations with partners such as KPMG, iSoftStone, and Chinasoft International, explores cooperation in ecological services, and co-creates industry solutions with industry giants such as Huawei, Alibaba, Tencent, AWS, and Meituan. At the same time, Kingdee Cloud·Sky and other products have been completed with 23 domestic Xinchuang partner products such as China Electronics Cloud, Huawei Euler Operating System, Huawei Gauss DB (for open Gauss), Alibaba Cloud Computing Nest, Tencent Cloud TCS, and 360 Browser. Adaptation authentication.
Deeply cultivate " Xu Shaochun's personal account " to promote the transformation of customers' whole journey
"Xu Shaochun Personal Account" has created a precedent and established a culture of "serving the enterprise wholeheartedly" throughout the entire customer experience journey. In 2021, the personal account received more than 35,000 news inquiries, and Kingdee's Net Promoter Score increased by 16 percentage points year-on-year . In the future, based on the "Xu Shaochun Personal Account", Kingdee will continue to optimize the Kingdee customer success system for the end-to-end whole journey.
Kingdee's core strategy: platform + human, financial and taxation + ecology
The head of Kingdee, chairman of the board of directors and CEO of Kingdee Xu Shaochun said that Kingdee will continue to unswervingly transform to the cloud subscription service model. Kingdee; I hope that by 2026, Kingdee will become the most powerful PaaS platform service provider in China; I hope that by 2030, it will become a world-class enterprise SaaS service provider. clear. In the past few years of transformation, especially since 2014, I have smashed every year to continuously promote Kingdee's innovation and reform. Kingdee has transformed into a cloud subscription model and accumulated a lot of experience. The cloud subscription model is actually a very simple model. If We make it to the extreme, and at the same time, we use the new-generation assembleable EBC digital platform to help enterprises digitally transform and achieve high-quality development. I believe Kingdee's development is very promising.