Core Viewpoint - Foxit Software has identified Europe as a key market, with significant revenue growth expected from this region in the coming years [1] Group 1: Revenue Performance - In the first three quarters of 2025, revenue from the European market accounted for 25.32% of the company's total revenue, representing a year-on-year growth of 32.31% [1] Group 2: Market Strategy - The company has established localized subsidiaries in Europe to enhance its market presence [1] - Foxit Software is expanding its market through direct sales and partnerships with channel agents [1]

证券日报网讯1月19日，福昕软件在互动平台回答投资者提问时表示，公司重视AI赋能的产品战略，在 核心产品PDF编辑器研发了AI助手功能，自2023年发布后，经过多次迭代升级，现已实现保版翻译、智 能书签、SmartPDFCommands及多文档交互等多项功能，助力用户提升文档处理的工作效率。此外，公 司还发布了人工智能驱动工具AI-PoweredResearchAgent，以作为福昕AI助手的重要拓展功能，专为处 理复杂的学术和研究文档而设计，旨在为科研人员、企业用户及学术机构提供更高效、智能的文档解析 和文档处理体验。面向重度文档使用的垂直行业，公司亦依托强大的核心版式文档技术发布了福昕智能 文档处理中台(IDP)。该产品结合大语言模型和领域知识，旨在与公司现有技术相结合，将传统大数据 项目向文档型非结构化数据处理延伸，通过文档解构、内容识别和数据应用三大利器共同作用，帮助企 业"唤醒"大量沉睡的文档，让文档成为系统"对话"的媒介。 ...

证券日报网讯 1月19日，福昕软件在互动平台回答投资者提问时表示，2025年前三季度，公司实现营业 收入约6.76亿元，同比增长32.81%，实现订阅收入约3.99亿元，同比增长62.87%。此外，公司加大了降 本增效力度，费用得到有效控制。公司的净利润已逐渐获得修复。 （文章来源：证券日报） ...

格隆汇1月19日丨福昕软件(688095.SH)在互动平台表示，公司重视AI赋能的产品战略，在核心产品PDF 编辑器研发了AI助手功能，自2023年发布后，经过多次迭代升级，现已实现保版翻译、智能书签、 Smart PDF Commands及多文档交互等多项功能，助力用户提升文档处理的工作效率。此外，公司还发 布了人工智能驱动工具AI-Powered Research Agent，以作为福昕AI助手的重要拓展功能，专为处理复杂 的学术和研究文档而设计，旨在为科研人员、企业用户及学术机构提供更高效、智能的文档解析和文档 处理体验。面向重度文档使用的垂直行业，公司亦依托强大的核心版式文档技术发布了福昕智能文档处 理中台（IDP）。该产品结合大语言模型和领域知识，旨在与公司现有技术相结合,将传统大数据项目向 文档型非结构化数据处理延伸，通过文档解构、内容识别和数据应用三大利器共同作用，帮助企业"唤 醒"大量沉睡的文档，让文档成为系统"对话"的媒介。 ...

格隆汇1月19日丨福昕软件(688095.SH)在互动平台表示，公司重视AI赋能的产品战略，在核心产品PDF 编辑器研发了AI助手功能，自2023年发布后，经过多次迭代升级，现已实现保版翻译、智能书签、 Smart PDF Commands及多文档交互等多项功能，助力用户提升文档处理的工作效率。此外，公司还发 布了人工智能驱动工具AI-Powered Research Agent，以作为福昕AI助手的重要拓展功能，专为处理复杂 的学术和研究文档而设计，旨在为科研人员、企业用户及学术机构提供更高效、智能的文档解析和文档 处理体验。面向重度文档使用的垂直行业，公司亦依托强大的核心版式文档技术发布了福昕智能文档处 理中台（IDP）。该产品结合大语言模型和领域知识，旨在与公司现有技术相结合,将传统大数据项目向 文档型非结构化数据处理延伸，通过文档解构、内容识别和数据应用三大利器共同作用，帮助企业"唤 醒"大量沉睡的文档，让文档成为系统"对话"的媒介。 ...

Core Insights - The report from CICC highlights a significant surge in AI model development and application, driven by the listing of independent model vendors and upcoming model releases, indicating a robust investment opportunity in the AI sector [1][2]. AI Model Layer - Domestic models such as DeepSeek and ByteDance's Doubao are expected to update their foundational models around the Spring Festival, with DeepSeek's open-source model V4 anticipated to be released in mid-February, showcasing capabilities comparable to Anthropic's Claude [2]. - Major overseas models like Anthropic, OpenAI, and Gemini are also expected to enhance their model capabilities in the first two quarters of the year, with leading model vendors focusing on breakthroughs through reinforcement learning and long-context engineering, which is likely to accelerate revenue growth [2]. AI Application Layer - Despite not exceeding market expectations in the past year, AI applications are increasingly integrating with models and scenarios to accelerate revenue realization. The report anticipates a rise in AI application penetration rates this year due to improved model capabilities and the integration of vertical scenario data [3]. - Key areas of focus for investment include AI Coding with high revenue certainty, AI Health with strong user payment willingness, and AI Pharmaceuticals within the AI for Science sector [3]. - Currently, AI revenue constitutes a small portion of total revenue for application companies, suggesting that the market may apply a Sum of the Parts (SOTP) valuation to these companies, potentially reshaping the overall valuation framework [3]. AI Infra Layer - Ongoing research in academia and industry is focused on enhancing models' continuous learning and long-context memory capabilities, which are essential for achieving Artificial General Intelligence (AGI) [4]. - The need for increased memory capacity due to long-context requirements is driving demand for storage and database solutions, as model vendors explore ways to optimize memory for continuous and online learning [4]. Related Companies - Recommended AI application-related companies include Kingsoft Office (688111.SH), Dingjie Zhizhi (300378.SZ), Foxit Software (688095.SH), and Tax Friend (603171.SH) [5]. - Recommended AI infrastructure-related company is Sangfor Technologies (300454.SZ) [5].

Summary of Key Points from Conference Call Records Industry Overview - The AI application market is experiencing a strong upward trend, with the computer sector showing a high probability of growth in February, suggesting a recommendation to increase positions in AI computing due to currently low holdings [2][1]. Company-Specific Insights 合合信息 (Hehe Information) - Transitioning from an OCR company to a multi-modal company, with a global monthly active user base of approximately 189 million, primarily from overseas markets. The company is expected to see significant growth, with a PS ratio indicating at least 50% growth potential [4][1]. 卓翼信息 (Zhuoyue Information) - Positioned in the AI Q point sector, which accounts for 50% of global Talkies consumption. The company has shown strong growth in its product lines and has a robust stock incentive plan indicating confidence in future business development [5][6]. 金山办公 (Kingsoft Office) - Currently valued at historical lows around 20 times PS, with AI monthly active users exceeding 50 million. The company is expected to see a significant acceleration in performance, making it a key investment target [7][1]. 汉得信息 (Hand Information) - Strong capabilities in AI implementation, particularly in large state-owned enterprises. The company has a solid order acquisition ability and is recognized for its stability and growth potential in the AI sector [8][9]. 税友股份 (Tax Friend) - A leading pure subscription SaaS company in the B-end tax software sector, with significant growth expected due to AI functionality improvements. The company is currently undervalued at less than 15 times PE, indicating substantial upside potential [10][1]. 盟科科技 (Mengke Technology) - A leader in military AI applications, with a strong revenue base from AI Agent services. The company is expanding into robotics and commercial aerospace, with a valuation that remains low compared to its peers [11][12]. 新大陆 (Newland) - Collaborating closely with Alibaba to launch a merchant-side AI product, with significant growth potential in cross-border payments. The company is currently undervalued at 18-19 times PE, with a strong performance trajectory [13][1]. 科大讯飞 (iFLYTEK) - As a leader in the education sector, the company is expected to see over 50% profit growth in the coming years, with a low current valuation and strong market potential [14][16]. 虹软科技 (Horizon Robotics) - A key player in the AI multi-modal field, with significant partnerships and revenue growth expected in AI applications. The company is also focusing on smart driving and has seen substantial profit increases [17][18]. 同花顺 (Tonghuashun) - A leader in the AI+finance sector, with strong growth potential in its product offerings. The company is expected to see significant profit increases, with a market space that remains underappreciated [19][1]. 锐明技术 (Ruiming Technology) - A leading company in intelligent commercial vehicle driving, with a focus on SaaS revenue models. The company is expected to achieve significant revenue growth through its subscription-based services [20][1]. 外星科技 (Alien Technology) - Positioned well in the multi-modal technology space, with strong revenue growth expected from its AI applications. The company is focusing on mobile strategies to enhance profitability [21][1]. 彩讯股份 (CaiXun) - Actively expanding in AI computing and voice applications, with significant revenue growth expected in the coming years. The company is also investing in intelligent robotics [22][1]. 360 公司 (360 Company) - Increasing investments in both C-end and B-end AI applications, with significant revenue growth in C-end products. The company is also enhancing its B-end offerings with new security solutions [23][24]. 用友网络 (Yonyou Network) - As a leading ERP provider, the company is leveraging AI to improve performance, with significant growth in signed contracts and expected profitability improvements [25][1]. 汇晨股份 (Huichen) - Strong in vertical data accumulation and collaboration with large models, enhancing its competitive edge in the market [26][1]. 汇成公司 (Huicheng) - Exhibiting strong confidence in AI application revenue growth, with a focus on various sectors including healthcare and home services [27][1]. 福昕软件 (Foxit Software) - A leader in the PDF industry, with significant growth in subscription revenue and a strong focus on AI capabilities in document management [28][29]. Conclusion - Several companies within the AI application sector are showing promising growth trajectories and investment opportunities, particularly in the fields of SaaS, AI computing, and multi-modal technologies. The overall sentiment is optimistic, with recommendations for increased investment in these areas.

福昕软件1月12日大宗交易平台出现一笔成交，成交量43.90万股，成交金额4509.84万元，大宗交易成交 价为102.72元，相对今日收盘价折价20.00%。该笔交易的买方营业部为湘财证券股份有限公司上海陆家 嘴证券营业部，卖方营业部为湘财证券股份有限公司上海陆家嘴证券营业部。 1月12日福昕软件大宗交易一览 | 成交量 | 成交金额 | 成交价 | 相对当日收盘 | | | | --- | --- | --- | --- | --- | --- | | （万 | （万元） | 格 | 折溢价（%） | 买方营业部 | 卖方营业部 | | 股） | | （元） | | | | | 43.90 | 4509.84 | 102.72 | -20.00 | 湘财证券股份有限公司上 | 湘财证券股份有限公司上 | | | | | | 海陆家嘴证券营业部 | 海陆家嘴证券营业部 | （文章来源：证券时报网） 证券时报·数据宝统计显示，福昕软件今日收盘价为128.40元，上涨20.00%，日换手率为8.11%，成交额 为8.67亿元，全天主力资金净流入8949.25万元，近5日该股累计上涨32.15%，近5日资金合计净 ...

股价表现方面，今日科创50指数上涨2.43%，科创板股中，今日上涨的有447只，占74.50%，今日发生 大宗交易的科创板股平均上涨2.83%，其中，涨幅居前的为福昕软件、康希通信、希荻微等，涨幅分别 为20.00%、8.09%、5.05%，跌幅居前的有利扬芯片、华海诚科、拓荆科技等，分别下跌2.42%、 2.04%、0.77%。 从参与大宗交易的营业部看，买方或卖方营业部为机构的成交共有12笔，涉及5只股，机构买入金额居 前的为中微公司、云路股份、创耀科技等，买入金额分别为1.61亿元、550.60万元、507.84万元。 16只科创板股大宗交易平台今日发生交易，合计成交8.25亿元。 证券时报·数据宝统计显示，1月12日共有16只科创板股发生大宗交易，合计成交47笔，累计成交量 1523.99万股，成交额合计8.25亿元。 统计显示，成交金额最多的是中微公司，共有10笔大宗交易，合计成交量为89.50万股，成交金额合计 2.87亿元；其次是沪硅产业、拓荆科技，今日大宗交易金额分别为1.54亿元、1.49亿元。 折溢价情况来看，今日出现大宗交易的科创板股中，大宗交易成交价格相对收盘价折价率居前的有康希 通信 ...

Group 1 - The main point of the news is that the net outflow of capital from the Shanghai and Shenzhen markets reached 27.468 billion yuan, with the STAR Market experiencing a net outflow of 6.933 billion yuan [1] - A total of 241 stocks saw net inflows of capital, while 359 stocks experienced net outflows [1] - Among the stocks with net inflows, Guoke Military Industry led with a net inflow of 252.43 million yuan, followed by Zhuoyi Information and Yuntian Lefe-U with net inflows of 177.01 million yuan and 155.75 million yuan respectively [3] Group 2 - There are 65 stocks that have seen continuous net inflows for more than three trading days, with Foxit Software leading at nine consecutive days of inflow [2] - On the other hand, 166 stocks have experienced continuous net outflows, with Transsion Holdings leading at 14 consecutive days of outflow [2] Group 3 - The top stocks by net inflow include Guoke Military Industry (252.43 million yuan), Zhuoyi Information (177.01 million yuan), and Yuntian Lefe-U (155.75 million yuan) [3][4] - The stocks with the highest net outflows include SMIC with 909 million yuan, followed by Shijia Photon and Dongxin Shares with net outflows of 675 million yuan and 658 million yuan respectively [1]