Investment Rating - The report maintains a "Buy" rating for the company [6] Core Insights - The company reported a strong performance in H1 2025, with revenue reaching 423 million yuan, a year-on-year growth of 25.20%. The net profit attributable to the parent company is projected to be 45 million yuan for 2025, reflecting a significant recovery from a loss of 5 million yuan in H1 2025 [6][5] - The dual transformation strategy of subscription and channel continues to progress smoothly, with subscription revenue growing by 59.82% to 247 million yuan in H1 2025, accounting for 59.15% of the original business revenue [6] - The company has successfully reduced costs, with sales, management, and R&D expense ratios decreasing significantly in H1 2025 [6] Financial Data and Profit Forecast - Total revenue is projected to grow from 711 million yuan in 2024 to 852 million yuan in 2025, with a year-on-year growth rate of 19.8% [5] - The gross profit margin is expected to remain high, around 94.2% in 2025, indicating strong pricing power and cost control [5] - The company anticipates a net profit of 45 million yuan in 2025, increasing to 119 million yuan in 2026 and 139 million yuan in 2027, demonstrating a robust growth trajectory [5][6]

Core Viewpoint - Recent financial results from Foxit Software (688095) show a mixed performance with a significant increase in revenue but a substantial decline in net profit, indicating potential challenges in profitability and cash flow management [1][3]. Financial Performance - For the first half of 2025, the company reported total revenue of 422 million yuan, a year-on-year increase of 25.2% [1]. - The net profit attributable to shareholders was -4.88 million yuan, reflecting a year-on-year decline of 107.81% [1]. - In Q2 2025, total revenue reached 220 million yuan, up 30.62% year-on-year, while net profit was 953,400 yuan, down 98.7% [1]. - The gross margin was 92.0%, a decrease of 2.24% compared to the previous year, and the net margin was -4.76%, down 126.59% [1]. Accounts Receivable and Debt - Accounts receivable increased significantly, with a year-on-year growth of 95.1%, reaching 186 million yuan [1]. - Interest-bearing liabilities surged by 362.93%, totaling 203 million yuan [1]. Cost Structure - Total selling, administrative, and financial expenses amounted to 287 million yuan, accounting for 67.86% of revenue, a decrease of 11.87% year-on-year [1]. - The company’s operating cash flow per share was -0.65 yuan, an improvement of 23.75% year-on-year [1]. Investment Returns - The company's return on invested capital (ROIC) was 0.06% last year, indicating weak capital returns [3]. - Historical data shows a median ROIC of 9.81% since the company went public, with a notable low of -3.87% in 2023 [3]. Market Sentiment - Analysts expect the company's performance in 2025 to yield a net profit of 18 million yuan, with an average earnings per share of 0.2 yuan [4]. - The largest fund holding Foxit Software is Guoxin Guozheng New Sharp A, with a current scale of 137 million yuan and a recent net value of 1.722 [5].

Meeting Overview - The board meeting of Fujian Foxit Software Development Co., Ltd. was held on August 28, 2025, with all 7 directors present, complying with relevant laws and regulations [1][2]. Resolutions Passed - The board approved the 2025 semi-annual report and its summary, which was reviewed by the audit committee [2]. - The board approved the special report on the storage and use of raised funds for the first half of 2025, which complies with regulatory requirements [2][3]. - The board approved the use of up to RMB 450 million of temporarily idle raised funds for cash management, ensuring that these funds will not be pledged or used for securities investment [3]. - The board approved the use of self-owned funds to pay for project costs during the implementation of fundraising projects, with plans to replace these with raised funds later [4]. - The board approved the semi-annual evaluation report of the "Quality Improvement and Efficiency Enhancement Return Action Plan" for 2025, aimed at optimizing operations and enhancing investor returns [5].

证券代码：688095 证券简称：福昕软件 公告编号：2025-034 福建福昕软件开发股份有限公司 第四届监事会第二十四次会议决议公告 本公司监事会及全体监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。 一、 监事会会议召开情况 二、 监事会会议审议情况 经与会监事认真审议，本次会议以记名投票表决方式表决形成以下决议： （一）审议通过了《关于公司 2025 年半年度报告及摘要的议案》 公司监事会认为： 规范性文件、《公司章程》和公司内部管理制度的有关规定。 证券交易所的各项规定，所包含的信息能从各个方面真实地反映出公司 2025 年 半年度的经营成果和财务状况。 及摘要的编制和审议的人员存在违反保密规定的行为。 完整，所载资料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、准确性和完整性承担个别连带责任。 表决结果：赞成 3 票，反对 0 票，弃权 0 票，表决通过。 具体内容详见公司同日披露于上海证券交易所网站（www.sse.com.cn）的《福 建福昕软件开发股份有限公司 2025 年半年度报告》及《福建福昕软件开发股 ...

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 使用部分暂时闲置募集资金进行现金管理的核查意见 在确保不影响募集资金投资计划正常进行的前提下，公司计划使用不超过人民币 45,000 万元的暂时闲置募集资金进行现金管理，决议有效期为自董事会审议通过之日起 12 个月，在 不超过上述额度及决议有效期内，资金可循环滚动使用。 （三）资金来源 根据中国证券监督管理委员会出具的《关于同意福建福昕软件开发股份有限公司首次公 开发行股票注册的批复》（证监许可[2020]1749 号），公司获准向社会公开发行人民币普通股 （A 股）1,204 万股，每股发行价格 238.53 元，募集资金总额为人民币 2,871,901,200.00 元， 扣除发行费用人民币 285,422,606.33 元（不含税），实际募集资金净额为人民币 2,586,478,593.67 元。上述募集资金经华兴会计师事务所（特殊普通合伙）验证，并于 2020 年 9 月 4 日出具了 华兴所（2020）验字 G-003 号《验资报告》。为规范公司募集资金管理，保护投资者权益，公 司设立了相关募集资金专项账户，对募集资金实施专项存储，并与保荐机 ...

证券之星消息，8月29日软件开发板块较上一交易日下跌1.56%，鼎捷数智领跌。当日上证指数报收于 3857.93，上涨0.37%。深证成指报收于12696.15，上涨0.99%。软件开发板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 301378 | 通达海 | 38.50 | 20.01% | 22.12万 | | 8.20亿 | | 688201 | 信安世纪 | 14.71 | 15.37% | 43.77万 | | 6.27亿 | | 831832 | 科达自控 | 27.00 | 14.94% | 17.66万 | | 4.49亿 | | 688095 | 福昕软件 | 90.27 | 12.56% | 9.63万 | | 8.38亿 | | 688168 | 安博通 | 108.88 | 10.48% | 5.78万 | | 6.06亿 | | 688692 | 达梦数据 | 285.99 | 10.40% | 5.09万 | | 13.93亿 ...

Group 1 - The core point of the article is that Foxit Software (SH 688095) announced its board meeting to review the half-year report for 2025, highlighting its revenue structure and current market valuation [1] - For the first half of 2025, Foxit Software's revenue composition shows that the software and information services sector accounted for 99.89% of total revenue, while other businesses contributed only 0.11% [1] - As of the report, Foxit Software has a market capitalization of 7.3 billion yuan [1]

Core Viewpoint - Foxit Software (688095.SH) reported a revenue of 423 million yuan for the first half of 2025, reflecting a year-on-year growth of 25.20% [1] Financial Performance - The company's net profit attributable to shareholders was -4.88 million yuan, a decline from 62.52 million yuan in the same period last year [1] - The non-recurring net profit attributable to shareholders was -22.35 million yuan, compared to -63.77 million yuan in the previous year [1]

证券代码：688095 证券简称：福昕软件 公告编号：2025-035 福建福昕软件开发股份有限公司 2025 年半年度募集资金存放与使用情况的专项报告 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。 截至 2025 年 6 月 30 日，福昕软件募集资金使用及结余情况如下： | | | | 项目 | 金额（元） | | --- | --- | | 截至 2024 年 12 月 31 日募集资金余额 减：全球营销服务网络及配套建设项目使用金额 | 541,929,749.76 54,139,470.87 | | 减：智能文档处理中台及垂直行业应用研发项目使用金额 | 57,387,769.69 | | 减：本报告期使用超募资金收购福昕鲲鹏部分股权 | - | | 加：本报告期累计利息收入及理财产品收益扣除手续费、汇兑 2 损益金额及应收受让大额存单垫付利息注 | 7,237,334.11 | | 募集资金余额 | 437,639,843.31 | | 减：持有未到期的理财产品金额 | 387,563,555.56 | | 减 ...

证券代码：688095 证券简称：福昕软件 公告编号：2025-036 福建福昕软件开发股份有限公司 关于使用部分暂时闲置募集资金进行现金管理的公告 本公司董事会及全体董事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、准确性和完整性承担法律责任。 重要内容提示： 基本情况 （一）现金管理目的 为提高募集资金使用效率，合理利用部分闲置募集资金，在确保不影响募集 资金项目建设和使用、募集资金安全的情况下，增加公司收益，为公司及股东获 取更多回报。 （二）投资额度及决议有效期 在确保不影响募集资金投资计划正常进行的前提下，公司计划使用不超过人 民币 45,000 万元的暂时闲置募集资金进行现金管理，决议有效期为自董事会审 议通过之日起 12 个月，在不超过上述额度及决议有效期内，资金可循环滚动使 用。 | 投资金额 | 万元 45,000 | | --- | --- | | 投资种类 | 安全性高、流动性好的保本型投资产品（包括但不限 | | | 于结构性存款、定期存款、通知存款、大额存单、协 | | | 定存款、证券公司保本型收益凭证及国债逆回购等）， | | | 产品期限不超过 ...