Core Viewpoint - The announcement of share reduction plans by directors and senior management of Foxit Software indicates potential changes in shareholder structure and may impact market perception of the company [1][2]. Shareholding and Reduction Plans - Director and Vice President Zhai Pujiang holds 857,937 shares, representing 0.9383% of the total share capital of 91,439,524 shares [1]. - Secretary of the Board and Financial Officer Li Weilan holds 23,551 shares, representing 0.0258% of the total share capital [1]. - Zhai Pujiang plans to reduce his holdings by up to 50,000 shares (0.0547% of total shares) within three months after a 15-trading-day period from the announcement [2]. - Li Weilan plans to reduce his holdings by up to 5,800 shares (0.0063% of total shares) within the same timeframe [2]. Financial Performance - For the year 2024, Foxit Software reported revenue of 711.14 million yuan, a year-on-year increase of 16.44% [2][3]. - The net profit attributable to shareholders was 26.96 million yuan, while the net profit after deducting non-recurring gains and losses was -202 million yuan [2][3]. - The net cash flow from operating activities was -64.34 million yuan, indicating a decline compared to the previous year [2][3]. Historical Financial Data - In 2023, the company achieved revenue of 611 million yuan, a growth of 5.33%, but reported a net loss of 90.94 million yuan [3][4]. - In 2022, revenue was 580 million yuan, with a net loss of 1.74 million yuan [4]. - In 2021, revenue was 541 million yuan, with a net profit of 46.24 million yuan, but a significant decrease in net profit compared to the previous year [4]. Initial Public Offering (IPO) and Fundraising - Foxit Software raised a total of 2.872 billion yuan in its IPO, with a net amount of 2.586 billion yuan after deducting expenses [5]. - The company initially planned to raise 407 million yuan for various projects, but the final amount exceeded the original plan by 2.179 billion yuan [5]. - The IPO was conducted on September 8, 2020, with an issuance price of 238.53 yuan per share [4][5].

Group 1 - The core point of the announcement is that two executives of Foxit Software, Zhai Pujiang and Li Weilan, plan to reduce their shareholdings in the company due to personal financial needs [1][2] - Zhai Pujiang holds 857,937 shares, representing 0.9383% of the total share capital, and plans to sell up to 50,000 shares, which is 0.0547% of the total share capital, between June 30, 2025, and September 29, 2025 [1] - Li Weilan holds 23,551 shares, accounting for 0.0258% of the total share capital, and intends to sell up to 5,800 shares, which is 0.0063% of the total share capital, within the same timeframe [1] Group 2 - The planned share reduction is consistent with previous commitments made by the executives regarding their shareholding [2] - The reduction plan complies with relevant laws and regulations and is not expected to significantly impact the company's governance structure or ongoing operations [2] - There is uncertainty regarding the implementation of the reduction plan, and investors are advised to be aware of investment risks [2]

证券代码：688095 证券简称：福昕软件 公告编号：2025-027 福建福昕软件开发股份有限公司 董事、高级管理人员减持股份计划公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、误导 性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 董监高持股的基本情况 截至本公告披露日，本次拟减持福建福昕软件开发股份有限公司（以下简称 "公司"）股份的减持主体持股情况如下： 1、公司董事、副总裁翟浦江先生持有公司股份 857,937 股，占公司总股本 91,439,524 股的比例为 0.9383%；其股份来源于公司首次公开发行股票并上市前 持有的股份、公司实施资本公积金转增股本取得的股份以及股权激励获授归属取 得的股份，均为无限售流通股。 2、公司董事会秘书、财务负责人李蔚岚女士持有公司股份 23,551 股，占公 司总股本 91,439,524 股的比例为 0.0258%；其股份来源于二级市场增持的股份、 公司实施资本公积金转增股本取得的股份以及股权激励获授归属取得的股份，均 为无限售流通股。 减持计划的主要内容 翟浦江先生基于自身资金需求，计划自本公告 ...

证券代码：688095 证券简称：福昕软件 公告编号：2025-026 福建福昕软件开发股份有限公司 2024年年度权益分派实施公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： | 股权登记日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | | 2025/6/10 | 2025/6/11 | 2025/6/11 | 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经福建福昕软件开发股份有限公司（以下简称"公司"）2025 年 5 月 19 日的2024年年度股东大会审议通过。 二、 分配方案 1. 发放年度：2024年年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的公司全体股东， 公司回购专用证券账户除外。 根据《中华人民共和国公司法》《中华人民共和国证券法》《上海证券交易所 上市公司自律监管指引第 7 号——回购股份》等相关法律、行政法规、部门规章 及其他规范性 ...

兴业证券股份有限公司 关于福建福昕软件开发股份有限公司 差异化权益分派事项的核查意见 兴业证券股份有限公司（以下简称"兴业证券"或"保荐机构"）作为福建福昕软件开发 股份有限公司（以下简称"福昕软件"或"公司"）首次公开发行并上市的保荐机构，根据《中 华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证 券法》"）、《上市公司股份回购规则》及《上海证券交易所上市公司自律监管指引第 7 号—— 回购股份》等相关法律法规和规范性文件的有关规定，对福昕软件 2024 年度利润分配所涉及 的差异化权益分派（以下简称"本次差异化权益分派"）进行了审慎核查，具体情况如下： 二、本次差异化权益分派方案 根据公司第四届董事会第二十三次会议及 2024 年年度股东大会审议通过的《关于公司 2024 年度利润分配方案的议案》，公司拟以实施权益分派股权登记日的总股本扣减公司回购 专用证券账户中股份数为基数，向全体股东每 10 股派发现金红利 3 元（含税），不送红股， 也不进行资本公积金转增股本。公司回购专用证券账户中的股份不参与本次利润分配。 三、本次差异化权益分派的计算依据 公司拟以实施权益 ...

福建福昕软件开发股份有限公司 关于变更投资者联系方式的公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 福建福昕软件开发股份有限公司（以下简称"公司"）因内部管理需要，同 时为进一步做好投资者关系管理工作，对投资者联系邮箱进行变更，现将相关情 况公告如下： 证券代码：688095 证券简称：福昕软件 公告编号：2025-025 2025 年 5 月 27 日 投资者咨询电话：0591-38509866 电子邮箱：boardoffice@fuxinsoft.cn 公司传真：0591-38509869 办公地址：福建省福州市鼓楼区软件大道 89 号福州软件园 G 区 5 号楼 邮编：350003 特此公告。 福建福昕软件开发股份有限公司董事会 | 变更事项 | 变更前 | 变更后 | | --- | --- | --- | | 投资者联系邮箱 | boardoffice@foxitsoftware.cn | boardoffice@fuxinsoft.cn | 除上述变更外，公司其他投资者联系方式均保持不变，提请广大投资者注 ...

中国深圳市南山区前海大道前海嘉里商务中心 T2 栋 1401A 室 邮政编码 518054 电话:（86-755）2155-7000 传真:（86-755）2155-7099 北京市竞天公诚（深圳）律师事务所 关于福建福昕软件开发股份有限公司 2024 年年度股东大会的法律意见书 致：福建福昕软件开发股份有限公司 北京市竞天公诚（深圳）律师事务所（以下简称"本所"）接受福建福昕软 件开发股份有限公司（以下简称"公司"）的委托，指派谢美婷律师、钟嘉欣律 师（以下合称"本所律师"）出席公司2024年年度股东大会（以下简称"本次股 东大会"），对本次股东大会进行见证并就相关事项出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的有关召开本次股东大会相 关文件的原件或影印件，包括但不限于： 1. 公司于 2025 年 5 月 10 日刊载的《福建福昕软件开发股份有限公司 2024 年年度股东大会会议资料》（以下简称"《股东大会资料》"）； 2. 公司于 2025 年 4 月 29 日刊载的《福建福昕软件开发股份有限公司关于 召开 2024 年年度股东大会的通知》（以下简称"《股东大会通知》"）； 3. 公 ...

证券代码：688095 证券简称：福昕软件 公告编号：2025-024 福建福昕软件开发股份有限公司 2024年年度股东大会决议公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 5 月 19 日 （二） 股东大会召开的地点：福建省福州市鼓楼区软件大道 89 号福州软件园 G 区 5 号楼公司会议室。 2、 公司在任监事3人，出席3人； 3、 公司董事会秘书出席了本次会议；部分高管列席了本次会议。 二、 议案审议情况 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 48 | | --- | --- | | 普通股股东人数 | 48 | | 2、出席会议的股东所持有的表决权数量 | 41,425,137 | | 普通股股东所持有表决权数量 | 41,425,137 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的 ...

Investment Rating - The investment rating for Foxit Software is "Buy" with a target price of RMB 92.92, indicating a potential upside of 38% from the closing price of RMB 67.21 as of May 15, 2025 [7]. Core Views - Foxit Software's dual transformation strategy is progressing smoothly, leading to an expected acceleration in revenue growth in 2025. The company's revenue for 2024 is projected at RMB 711.14 million, representing a year-on-year growth of 16.44%, while the net profit attributable to shareholders is expected to reach RMB 26.96 million, a significant increase of 129.64% [1][5]. Revenue and Profitability - Subscription revenue reached RMB 351 million in 2024, a year-on-year increase of 62.33%, contributing to 49% of total revenue, up 14 percentage points from the previous year. The annual recurring revenue (ARR) from subscriptions is projected at RMB 411 million, reflecting a growth of 64.42% [2]. - The overall renewal rate for core products is approximately 90%, indicating strong customer retention [2]. - Revenue from sales channels grew by 40.49% to RMB 292 million, accounting for 41% of total revenue, which is a 7 percentage point increase year-on-year [2]. Cost Management and Efficiency - The sales, management, and R&D expense ratios for 2024 were 53.85%, 23.64%, and 32.67%, respectively, with a notable decrease in the R&D expense ratio attributed to efficiency gains from AI integration [3]. - The company has enhanced its product suite with AI capabilities, improving its market competitiveness [3]. Global Expansion - Revenue growth in 2024 across different regions was robust, with North America, Europe (including the Middle East), Asia-Pacific, and China experiencing year-on-year growth rates of 9.41%, 24.02%, 53.42%, and 18.00%, respectively [3]. - The separation of domestic and international operations is expected to accelerate Foxit's globalization efforts, particularly in the Asia-Pacific market [3]. Financial Forecasts - Revenue forecasts for Foxit Software are adjusted upwards, with expected revenues of RMB 865.28 million, RMB 1,054 million, and RMB 1,285 million for 2025, 2026, and 2027, respectively. The net profit attributable to shareholders is projected to be RMB 31.50 million, RMB 71.93 million, and RMB 126.16 million for the same years [5][11].

Investment Rating - The investment rating for the company is "Buy" [1] Core Views - The company has shown a recovery in demand in the first quarter, which enhances the annual expectations, and the counter-cyclical adjustment brings new opportunities for domestic software [1] - The company is a global leader in the PDF sector, maintaining a significant market share [2] - The subscription transformation is gradually showing results, with the new subscription plan effectively reducing user decision costs and enhancing the subscription transition process [3] Financial Performance - In Q1 2025, the company achieved revenue of 202 million yuan, a year-on-year increase of 19.78%, and a net profit attributable to the parent company of -6 million yuan, compared to -11 million yuan in the same period last year [1] - For the full year 2024, the company expects total revenue of 711 million yuan, a growth rate of 16.4%, and a net profit attributable to the parent company of 27 million yuan, a significant turnaround from a loss of 91 million yuan in 2023 [5] - The subscription business is projected to generate 411 million yuan in Annual Recurring Revenue (ARR) in 2024, reflecting a 64.42% increase year-on-year [3] Market Performance - The company has seen strong revenue growth across various regions, with the Asia-Pacific market growing by 53.42%, Europe (including the Middle East) by 24.02%, and North America by 9.41% [3] - The North American market accounted for 53% of total revenue, while the Chinese market showed an 18% increase following the acquisition of Foxit Kunpeng [3] Research and Development - The company maintains high R&D investment levels, with a comprehensive AI empowerment strategy being fully implemented in 2024 [3] - New AI features have been added to traditional editing tools, enhancing document processing efficiency [3] Earnings Forecast - The projected earnings per share (EPS) for 2025, 2026, and 2027 are 0.60 yuan, 1.21 yuan, and 1.45 yuan respectively, with corresponding price-to-earnings (P/E) ratios of 118.97, 58.60, and 48.87 [4]