Foxit Software(688095)

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福昕软件(688095) - 2021 Q4 - 年度财报
2022-04-27 16:00
Financial Performance - The net profit attributable to shareholders for 2021 was ¥46,235,430.58, with a total distributable profit of ¥178,987,277.60[6]. - The proposed cash dividend is ¥8 per 10 shares, totaling ¥36,227,169.60, which accounts for 78.35% of the net profit attributable to shareholders[6]. - The company's operating revenue for 2021 was CNY 541,121,312.10, representing a year-on-year increase of 15.48% compared to CNY 468,603,962.33 in 2020[24]. - The net profit attributable to shareholders for 2021 was CNY 46,235,430.58, a decrease of 59.90% from CNY 115,289,339.01 in 2020[24]. - The basic earnings per share for 2021 was CNY 0.9639, down 67.30% from CNY 2.9478 in 2020[25]. - The cash flow from operating activities for 2021 was CNY 51,578,260.52, a decline of 62.88% compared to CNY 138,937,973.82 in 2020[24]. - The company reported a net loss of CNY 22,193,645.70 after deducting non-recurring gains and losses in 2021, compared to a profit of CNY 84,782,476.28 in 2020, marking a decrease of 126.18%[24]. - The total assets at the end of 2021 were CNY 3,173,947,605.77, a slight increase of 0.06% from CNY 3,171,887,868.43 at the end of 2020[24]. - The net assets attributable to shareholders decreased by 5.25% to CNY 2,843,110,187.76 at the end of 2021 from CNY 3,000,779,488.76 at the end of 2020[24]. Share Repurchase and Dividend Policy - The company repurchased shares amounting to ¥200,053,164.48, representing 432.68% of the net profit attributable to shareholders for 2021[7]. - The company did not issue bonus shares or increase capital reserves during the reporting period[7]. - The cash dividend distribution policy requires a minimum of 10% of the distributable profit to be allocated as cash dividends if conditions are met[186]. - The company’s cash dividend policy stipulates that during the mature stage without significant capital expenditure, at least 80% of the profit distribution should be in cash[186]. - The company’s board of directors must consider the opinions of independent directors and public investors when making decisions on profit distribution[186]. Research and Development - The company's R&D expenditure accounted for 27.51% of operating revenue in 2021, an increase of 11.42% from 16.08% in the previous year[77]. - The company achieved total R&D investment of ¥148,839,893.73 in the current year, representing a 97.48% increase compared to ¥75,368,099.31 in the previous year[77]. - R&D expenses increased significantly from 5,665.32 million RMB in 2019 to 14,883.99 million RMB in 2021, representing 27.51% of total revenue in 2021[85]. - The company obtained 2 new patents and 19 software copyrights during the reporting period, bringing the total number of patents to 40 and software copyrights to 105[75]. - The company has developed key technologies such as PDF document parsing and rendering, cross-platform technology, and high compression technology, which significantly enhance user experience and operational efficiency[71]. Market Expansion and Strategy - The company plans to shift its marketing strategy towards direct sales following the completion of a brand promotion campaign that cost 40.32 million RMB[34]. - The company plans to expand its marketing efforts in emerging markets such as Brazil and India while continuing to invest in established markets like the US and Europe[95]. - The company aims to optimize personnel structure and strengthen performance assessments to improve per capita productivity and efficiency in 2022[145]. - The company will focus on result-oriented branding strategies to directly acquire customers and increase sales revenue[144]. - The company aims to leverage partnerships and collaborations to accelerate growth in new markets[156]. Operational Risks and Governance - The company has outlined various operational risks and corresponding mitigation measures in the report[4]. - The independent directors have expressed their opinions on the profit distribution plan, which requires approval from the shareholders' meeting[8]. - The company has not faced any non-operational fund occupation by controlling shareholders or related parties[10]. - The report includes a forward-looking statement risk declaration, indicating that future plans do not constitute a commitment to investors[9]. - The company faces risks related to potential infringement of intellectual property, which could lead to user loss and reduced competitiveness[93]. Employee and Management Structure - By the end of 2021, the company had over 800 employees, with more than 200 new hires, including over 120 in R&D roles[45]. - The company has a total of 801 employees, with 435 in the parent company and 366 in major subsidiaries[182]. - Among the employees, there are 276 sales personnel, 389 technical staff, 28 financial staff, and 108 administrative personnel[182]. - The educational background of employees includes 141 with master's degrees or above, 557 with bachelor's degrees, 94 with associate degrees, and 9 with high school or below[182]. - The company has established a competitive and scientifically reasonable compensation system, considering market salaries and company performance[183]. Product Development and Innovation - The company is transitioning its business model from permanent licenses to a subscription model, supported by the launch of integrated desktop and cloud versions of its core product, PDF Editor[40]. - The company successfully integrated electronic signature capabilities into PDF Editor after acquiring the U.S. electronic signature company AccountSight, enhancing its product offerings[39]. - The launch of the cloud version of PDF Editor marked a significant upgrade in the company's core product offerings[38]. - The company is developing multiple projects, including a controllable document collaboration platform and intelligent cloud services, all at an international leading level[80]. - The R&D team is focused on integrating artificial intelligence, machine learning, and cloud computing into document processing, enhancing product capabilities[159]. Awards and Recognition - The company received multiple awards in 2022, including being ranked 36th in G2's "2022 Global Best Sellers" list and having its core products recognized among the top office products[44]. - The company has received several important technology awards, including the 2021 Excellent Software Product Award for Foxit PDF Document Processing Suite V10.0[73]. - The company received the China Standard Innovation Contribution Award for its significant achievements in standardization work, highlighting its commitment to international standards[90]. Future Outlook - The company provided guidance for 2022, projecting revenue growth of 20% to 1.8 billion, driven by new product launches and market expansion efforts[158]. - Future outlook indicates a commitment to innovation and potential strategic acquisitions to bolster growth[156]. - The company aims to become a leader in the formulation of PDF standards, increasing investment in standard expansion and collaborating with partners to promote unified industry standards[143].
福昕软件(688095) - 2022 Q1 - 季度财报
2022-04-27 16:00
Financial Performance - The company achieved operating revenue of CNY 140,205,236.62, representing a year-on-year increase of 10.31%[4] - Net profit attributable to shareholders was CNY 4,987,523.12, a decrease of 83.82% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was CNY -12,072,352.14, a decline of 177.16% year-on-year[5] - Revenue increased by 10.31% year-over-year, attributed to effective control of domestic COVID-19 and gradual easing of overseas pandemic impacts[12] - The company reported a net loss for Q1 2022, with a total loss of CNY 3,399,446.44 compared to a profit in Q1 2021[26] - The net profit for Q1 2022 was CNY 4,961,474.17, a significant decrease from CNY 30,879,000.84 in Q1 2021, representing a decline of approximately 83.9%[27] - Total operating profit for Q1 2022 was CNY 10,000,856.91, down from CNY 36,433,686.68 in the same period last year, indicating a decrease of about 72.5%[27] - The company's total revenue from operating activities was CNY 148,765,672.50, compared to CNY 160,574,479.43 in Q1 2021, reflecting a decline of approximately 7.4%[30] - The total comprehensive income for Q1 2022 was CNY -293,858.79, compared to CNY 31,647,326.33 in Q1 2021, indicating a significant decline[28] Expenses and Costs - Research and development expenses totaled CNY 44,315,457.46, accounting for 31.61% of operating revenue, an increase of 9.64 percentage points[4] - Operating costs rose by 37.63%, primarily due to increased software usage fees[12] - R&D expenses surged by 58.69%, driven by growth in R&D personnel and increased compensation levels[12] - Financial expenses skyrocketed by 378.21%, mainly due to foreign exchange rate fluctuations affecting exchange gains and losses[12] - The company reported a significant increase in personnel costs, with total salary expenses rising by approximately CNY 19,672,000 year-on-year[5] Cash Flow and Assets - The company reported a net cash flow from operating activities of CNY -8,394,177.28, primarily due to increased cash outflows for personnel and market sales expenses[6] - Cash flow from operating activities showed a net outflow of CNY 8,394,177.28 in Q1 2022, contrasting with a net inflow of CNY 11,143,684.95 in Q1 2021[31] - Cash and cash equivalents as of March 31, 2022, were CNY 784,099,083.99, up from CNY 674,985,559.22 at the end of 2021[22] - Total assets at the end of the reporting period were CNY 3,031,149,707.14, a decrease of 4.50% from the end of the previous year[4] - Total assets as of March 31, 2022, amounted to CNY 3,031,149,707.14, a decrease from CNY 3,173,947,605.77 at the end of 2021[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 7,261[16] - The company repurchased a total of 1,456,429 shares, representing 3.03% of total share capital, with a total expenditure of RMB 180.08 million[19] - The company's equity attributable to shareholders was CNY 2,720,745,392.48 as of March 31, 2022, compared to CNY 2,843,110,187.76 at the end of 2021[23] Strategic Initiatives - The company launched the new Foxit eSign product after integrating the acquired AccoutSight electronic signature product, and established a partnership with Dell for product promotion[6] - The company is exploring collaborations with well-known enterprises in specialized verticals, including a project with China Classification Society for a drawing management system[7] - The company continues to strengthen its presence in the European and American markets through increased investment in sales teams and marketing[12] - The company plans to continue investing in R&D to enhance product offerings and market competitiveness[26] Other Financial Metrics - The weighted average return on net assets was 0.18%, a decrease of 0.84 percentage points[4] - Investment income declined by 65.37%, primarily due to decreased profits from associated enterprises[12] - Other comprehensive income recorded a loss of RMB 58.20 million, mainly from investments affected by geopolitical factors[12] - The company incurred a total tax expense of CNY 4,900,990.96 in Q1 2022, compared to CNY 5,675,066.45 in Q1 2021, reflecting a decrease of about 13.6%[27] - Other comprehensive income after tax for Q1 2022 was CNY -5,255,332.96, contrasting with CNY 768,325.49 in Q1 2021, indicating a significant negative shift[27]
福昕软件(688095) - 2021 Q3 - 季度财报
2021-10-27 16:00
Financial Performance - The company's operating revenue for Q3 2021 was ¥137,064,710.09, representing an increase of 18.43% year-over-year[2]. - The net profit attributable to shareholders for Q3 2021 was -¥6,207,623.89, a decrease of 120.19% compared to the same period last year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was -¥23,163,868.12, a decline of 198.08% year-over-year[2]. - The basic earnings per share for Q3 2021 was -¥0.1289, a decrease of 115.14% year-over-year[3]. - The weighted average return on equity for Q3 2021 was -0.20%, a decrease of 7.82 percentage points compared to the same period last year[3]. - The net profit for Q3 2021 was CNY 40,087,123.67, a decrease from CNY 93,468,440.17 in Q3 2020, representing a decline of approximately 57.1%[24]. - The total comprehensive income for Q3 2021 was CNY 37,909,229.81, down from CNY 92,393,129.25 in Q3 2020, indicating a decrease of about 59.0%[25]. - The basic earnings per share for Q3 2021 was CNY 0.84, compared to CNY 2.56 in Q3 2020, reflecting a decline of approximately 67.2%[25]. Research and Development - The total R&D investment for Q3 2021 was ¥39,661,316.74, an increase of 93.69% compared to the same period last year, accounting for 28.94% of operating revenue[3]. - R&D investment increased by 93.69% in the current reporting period, attributed to growth in the number of R&D personnel and higher compensation levels[8]. - Year-to-date R&D investment increased by 102.09%, consistent with the reasons for the current period increase[8]. - Research and development expenses for the first three quarters of 2021 were ¥105,150,289.25, which is a 102% increase from ¥52,031,694.57 in the previous year[23]. - The company is focusing on expanding its market presence and investing in new technologies, as indicated by the significant increase in R&D expenses[23]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥13,900,359.41, a decrease of 84.10% compared to the same period last year[2]. - Cash flow from operating activities decreased by 84.10%, primarily due to increased investments in personnel, marketing, and advertising, leading to higher cash outflows[8]. - Cash flow from operating activities for the first nine months of 2021 was CNY 13,900,359.41, down from CNY 87,441,996.85 in the same period of 2020, a decrease of about 84.1%[27]. - Cash flow from investing activities generated a net inflow of CNY 50,640,952.69 in the first nine months of 2021, compared to a net outflow of CNY 1,697,431,122.69 in the same period of 2020[27]. - The company’s investment activities included cash inflows of CNY 5,850,800,227.70 in the first nine months of 2021, significantly higher than CNY 115,921,370.07 in the same period of 2020[27]. Shareholder Information - As of the end of the reporting period, the total number of common shareholders was 6,730[10]. - The largest shareholder, Xiong Yuqian, holds 18,492,983 shares, representing 38.42% of total shares[10]. - The company repurchased 350,196 shares, accounting for 0.73% of total share capital, with a total expenditure of RMB 59.9862 million[14]. - The share repurchase plan aims to enhance employee motivation and align shareholder interests with company and employee benefits[13]. Assets and Liabilities - The total assets at the end of Q3 2021 were ¥3,254,647,104.32, an increase of 2.61% from the end of the previous year[3]. - The total assets as of September 30, 2021, were ¥3,254,647,104.32, compared to ¥3,171,887,868.43 at the end of 2020, reflecting a growth in total assets[20]. - The total liabilities as of September 30, 2021, were ¥295,877,983.92, an increase from ¥167,851,835.97 in the previous year[20]. - The company's equity attributable to shareholders was ¥2,954,840,561.85 as of September 30, 2021, compared to ¥3,000,779,488.76 at the end of 2020[20]. - The company's cash and cash equivalents were ¥1,059,129,335.89 as of September 30, 2021, slightly down from ¥1,098,333,013.90 at the end of 2020[19]. - The company has seen an increase in accounts receivable, which stood at ¥59,702,151.90 as of September 30, 2021, compared to ¥59,113,738.47 at the end of 2020[19]. Acquisitions - The company’s wholly-owned subsidiary, DocuSavvy Technologies Limited, acquired 100% of AccountSight for a total consideration of up to USD 28 million[14]. - As of September 30, 2021, DocuSavvy paid USD 12.53 million as part of the acquisition, including USD 1.4 million as a compliance deposit[15].
福昕软件(688095) - 2021 Q2 - 季度财报
2021-08-20 16:00
Financial Performance - The company reported a total revenue of RMB 200 million for the first half of 2021, representing a year-on-year increase of 15%[15]. - The company's operating revenue for the first half of 2021 was CNY 261,698,946.66, representing a year-on-year increase of 15.99%[22]. - The net profit attributable to shareholders was CNY 46,485,860.51, a decrease of 24.85% compared to the same period last year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 12,511,699.52, down 78.17% year-on-year[24]. - The net cash flow from operating activities was CNY 22,569,294.05, a decline of 62.89% compared to the previous year[25]. - The basic earnings per share decreased by 43.65% to CNY 0.9656 compared to the same period last year[23]. - The company achieved a total R&D investment of ¥65,488,972.51, representing a 107.54% increase compared to the previous period's ¥31,555,208.17[60]. - Research and development expenses surged by 107.54% to 65.49 million yuan, driven by an increase in the number of R&D personnel and higher salary levels[89]. - The company’s total assets increased by 0.24% to 317,950.25 million yuan, and the equity attributable to the parent company rose by 0.28% to 300,915.13 million yuan[87]. User Growth and Market Expansion - User data showed an increase in active users by 25% compared to the same period last year, reaching 1.5 million active users[15]. - The company expects a revenue growth of 20% for the full year 2021, driven by new product launches and market expansion strategies[15]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[15]. - The company expanded its global sales network, achieving overseas revenue of 238.99 million yuan, a year-on-year increase of 13.78%[78]. - The Oceania market saw a significant revenue increase of 54.14% year-on-year, reaching 8.53 million yuan[78]. Research and Development - Research and development expenses increased by 30% year-on-year, totaling RMB 30 million, reflecting the company's commitment to innovation[15]. - The company's R&D investment accounted for 25.02% of operating revenue, an increase of 11.03 percentage points year-on-year[23]. - The company has increased its investment in R&D and sales teams, leading to higher R&D and sales expenses[24]. - The company has developed into a leading provider of PDF software products and services globally, with a product range covering over 200 countries and regions[41]. - The company is actively developing new technologies such as intelligent document processing and expanding its service subscription model to enhance service quality[44]. Product Development and Innovation - A new cloud-based document management solution is set to launch in Q3 2021, anticipated to contribute an additional RMB 50 million in revenue[15]. - The flagship product, Foxit Advanced PDF Editor, generated revenue of 220.44 million yuan, accounting for 84.24% of total revenue, with an 18.29% year-on-year growth[75]. - The company launched new products, including Foxit Sign, enhancing its product matrix and competitiveness in the electronic signature field[75]. - The company’s PDF Enterprise Document Automation Solutions are designed to meet diverse client needs for batch processing of PDF documents, improving efficiency and optimizing workflows[48]. - The company has established a comprehensive product and service system based on its independently developed PDF core technology, targeting various industries including government, energy, finance, and education[50]. Market Trends and Industry Insights - The PDF electronic document industry is experiencing rapid growth due to increasing demand for document exchange and sharing, driven by advancements in information technology[32]. - The software industry in China has seen a compound annual growth rate of 17.68% from 2011 to 2020, with software business revenue increasing from 188.49 billion CNY in 2011 to 816.16 billion CNY in 2020[37]. - The integration of cloud computing and artificial intelligence is enhancing the functionality of PDF documents, enabling features like document protection, dynamic authorization, and online collaboration[33]. - The demand for cross-platform compatibility in PDF software is rising as users increasingly utilize various devices, including smartphones and tablets[34]. - The rise of online collaboration tools post-pandemic has created a sustained demand for PDF electronic documents in daily office tasks[38]. Corporate Governance and Compliance - The board of directors confirmed that all members attended the board meeting, ensuring governance compliance[5]. - The report is unaudited, but management has assured the accuracy and completeness of the financial statements[4]. - There were no non-operational fund occupations by controlling shareholders or related parties during the reporting period[7]. - The company has committed to minimizing related party transactions and ensuring fair pricing and disclosure in unavoidable transactions[139]. - The company has no non-operating fund occupation or guarantee issues reported during the reporting period[153]. Shareholder and Management Information - The company experienced changes in its management team, with the appointment of Wei Jiqing as Vice President following the departure of Steven Xun Li[115]. - The company has not declared any dividends or stock increases for every 10 shares during the reporting period[119]. - The company has implemented a stock incentive plan, which was approved in meetings held on October 26, 2021, and subsequent meetings in February 2021[120]. - The company has committed to maintaining a profit distribution policy that protects shareholder interests as outlined in its articles of association[152]. - Major shareholders must disclose control arrangements and ensure stable operations if they reduce their holdings after the lock-up period[131].
福昕软件(688095) - 福建福昕软件开发股份有限公司关于参加2021年度福建上市公司投资者网上集体接待日活动的公告
2021-05-10 08:43
证券代码:688095 证券简称:福昕软件 公告编号:2021-031 福建福昕软件开发股份有限公司 关于参加 2021 年度福建上市公司投资者网上集体接待日 活动的公告 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。 为进一步加强与投资者的互动交流,使广大投资者能更深入全面地了解公司 情况,本公司将参加由福建证监局与福建省上市公司协会、深圳市全景网络有限 公司举办的"2021 年度福建上市公司投资者网上集体接待日活动"。现将有关事 项公告如下: 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网 上平台采取网络远程的方式进行,投资者可以登录"全景网投资者关系互动平台" (http://ir.p5w.net)参与本次投资者网上集体接待日活动,网上互动交流时间为 2021 年 5 月 14 日(星期五)15:30-17:00。 欢迎广大投资者积极参与。 特此公告。 福建福昕软件开发股份有限公司董事会 2021 年 5 月 11 日 ...
福昕软件(688095) - 2020 Q4 - 年度财报
2021-04-27 16:00
Financial Performance - The company's operating revenue for 2020 was approximately ¥468.60 million, representing a year-over-year increase of 27.01% compared to ¥368.95 million in 2019[23]. - The net profit attributable to shareholders for 2020 was approximately ¥115.29 million, a significant increase of 55.51% from ¥74.14 million in 2019[23]. - The cash flow from operating activities for 2020 was approximately ¥138.94 million, up 21.72% from ¥114.15 million in 2019[23]. - The total assets at the end of 2020 reached approximately ¥3.17 billion, reflecting a 583.15% increase from ¥464.30 million at the end of 2019[23]. - The company's net assets attributable to shareholders at the end of 2020 were approximately ¥3.00 billion, an increase of 815.95% from ¥327.61 million at the end of 2019[23]. - The basic earnings per share for 2020 were ¥2.95, representing a 43.54% increase from ¥2.05 in 2019[24]. - The company reported a total of ¥30.51 million in non-recurring gains for 2020, compared to ¥14.15 million in 2019[28]. - The fourth quarter of 2020 saw an operating revenue of approximately ¥127.24 million, with a net profit of approximately ¥22.69 million attributable to shareholders[26]. Dividend Policy - The company plans to distribute a cash dividend of 8 RMB per 10 shares, totaling 38,512,000 RMB, which represents 33.40% of the net profit attributable to shareholders for the year 2020[6]. - The proposed cash dividend for 2020 is 8 RMB per 10 shares, totaling 38,512,000 RMB, which represents 33.40% of the net profit attributable to ordinary shareholders[157]. - In 2019, the company distributed cash dividends of RMB 5.00 per 10 shares, amounting to RMB 18,050,000, which was 24.35% of the net profit attributable to ordinary shareholders[157]. - For the year 2018, the cash dividend was RMB 10.00 per 10 shares, totaling RMB 36,100,000, representing 93.80% of the net profit attributable to ordinary shareholders[157]. - The company has adhered to its dividend distribution principles and policies, ensuring compliance and transparency in decision-making processes[154]. - The proposed dividend distribution plan for 2020 has been approved by the board and requires shareholder meeting approval for implementation[156]. - The company has committed to maintaining the rights of minority shareholders during the dividend distribution process[154]. Research and Development - The R&D expenditure as a percentage of operating revenue was 16.08% in 2020, up from 15.36% in 2019[24]. - The company achieved a total R&D investment of ¥75,368,099.31 in the reporting period, representing a 33.03% increase compared to ¥56,653,238.10 in the previous year[66]. - R&D investment accounted for 16.08% of total revenue, up from 15.36% in the previous year, indicating a slight increase of 0.72 percentage points[66]. - The company obtained 4 new patents and 1 software copyright during the reporting period, bringing the total number of patents to 116[64][65]. - The company has a total of 268 R&D personnel, accounting for 48.29% of the total workforce, an increase from 214 personnel in the previous period[70]. - Research and development expenses increased by 33.03% to CNY 75.37 million, indicating a focus on innovation[107]. Market Expansion and Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[23]. - The company has established a marketing network in major economies including the US, Japan, Europe, and Australia, with dedicated marketing teams in Beijing and Fuzhou for domestic market expansion[42]. - The company plans to actively promote the development of new technologies such as intelligent document processing and expand its service subscription model[55]. - The company aims to become the leading global brand in PDF solutions, emphasizing innovation and efficiency in document handling[92]. - The company plans to expand into emerging markets such as Russia, Brazil, and India while continuing to invest in existing markets like the US and Europe[96]. - The company is actively pursuing global market expansion by restructuring its sales strategy and integrating channel resources for improved sales efficiency[87]. Product Development and Innovation - The company has transformed its main products from free offerings to customized and standardized products, leveraging a complete set of core technologies related to document generation, conversion, display, editing, and management[34]. - The core products include Foxit Phantom PDF, Foxit Phantom PDF Online, Foxit Reader, and Foxit PDF Reader Mobile, which are designed for various platforms and provide a comprehensive range of PDF document processing capabilities[35]. - The company offers a software development platform, FoxitPDF SDK, allowing developers to integrate PDF functionalities into their applications across multiple platforms, enhancing usability and efficiency[36]. - The PDF enterprise document automation solutions developed by the company enable batch processing of large volumes of PDF documents, improving efficiency and optimizing workflows for enterprise clients[37]. - The company emphasizes continuous innovation in product development to meet diverse customer needs and enhance user experience across different platforms[35]. - The company launched the online PDF editor during the pandemic, marking its entry into the cloud service sector[86]. - The release of the advanced PDF editor version 10.0 introduced new features such as form filling and barcode support, enhancing operational efficiency during the pandemic[86]. Legal Matters - The company is involved in a significant lawsuit against Zhuhai Kingsoft Office Software Co., Ltd. regarding a contract dispute over the "OFFICE document format to PDF document format" technology, claiming damages of 300,000 RMB[189]. - The total amount involved in the lawsuit is 100 million RMB[190]. - The company has filed an appeal to the Supreme People's Court against the judgment made by the Beijing Intellectual Property Court on April 22, 2020[190]. - The company initiated litigation in November 2018, alleging that Kingsoft's WPS Office software infringed on its PDF technology rights[193]. - The company is actively pursuing its legal rights to protect its intellectual property and technology[193]. Corporate Governance - The company has not proposed any stock dividends or capital reserve transfers for the year 2020[6]. - The company has confirmed that there are no issues with the authenticity, accuracy, and completeness of the annual report by the majority of the board members[9]. - The company has established a commitment to uphold the interests of shareholders and ensure compliance with relevant regulations regarding share transfers and dividends[158]. - The controlling shareholders committed to not transferring or managing their shares for 36 months post-IPO, with an automatic extension of the lock-up period if stock prices fall below the issue price for 20 consecutive trading days[162]. - The actual controller pledged to avoid engaging in competitive businesses during their tenure and to ensure that any business opportunities are prioritized for the company[169].
福昕软件(688095) - 2021 Q1 - 季度财报
2021-04-27 16:00
Financial Performance - Operating revenue for the year-to-date was CNY 127,104,217.01, reflecting an increase of 11.05% year-on-year[5] - Net profit attributable to shareholders of the listed company was CNY 30,831,397.72, a decrease of 1.49% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 15,646,104.07, down 43.32% year-on-year[5] - Basic earnings per share were CNY 0.64, a decline of 26.44% compared to CNY 0.87 in the previous year[5] - The company reported a net decrease in cash and cash equivalents of -¥385,323,378.27 for Q1 2021, contrasting with an increase of ¥19,792,144.39 in Q1 2020[46] Asset and Liability Management - Total assets at the end of the reporting period reached CNY 3,192,194,817.90, an increase of 0.64% compared to the end of the previous year[5] - Non-current liabilities rose significantly to CNY 19,397,986.01 from CNY 6,894,010.07, indicating an increase of about 182.56%[29] - The total liabilities amounted to CNY 171,215,459.16, up from CNY 167,851,835.97, representing a growth of approximately 1.36%[29] - Owner's equity reached CNY 3,020,979,358.74, an increase from CNY 3,004,036,032.46, showing a growth of about 0.56%[29] - The company reported a new lease standard implementation, adding ¥3,522,778.63 in right-of-use assets and lease liabilities[55] Cash Flow Analysis - The net cash flow from operating activities was CNY 11,143,684.95, down 25.26% from CNY 14,909,194.46 in the same period last year[5] - Cash and cash equivalents decreased to CNY 381,938,244.72 from CNY 893,514,807.82, a decline of approximately 57.3%[32] - The company reported a total cash outflow from operating activities of ¥149,430,794.48, compared to ¥103,907,815.41 in the previous year, indicating a rise of 43.8%[45] - The cash inflow from sales of goods and services was ¥46,482,075.38, up from ¥24,672,755.36 in Q1 2020, representing an increase of 88.3%[49] - The company recorded a cash inflow from investment recovery of ¥1,692,750,597.30, a significant increase from ¥41,499,632.84 in Q1 2020[45] Shareholder Information - The total number of shareholders at the end of the reporting period was 5,351[11] - The largest shareholder, Xiong Yuqian, held 18,489,000 shares, representing 38.41% of the total shares[11] - The company has a total of CNY 257,732,912.20 in undistributed profits, up from CNY 226,901,514.48, representing an increase of approximately 13.6%[29] Research and Development - R&D expenses rose by 81.45% year-over-year, with the R&D expense ratio increasing from 13.44% to 21.97%[14] - Research and development expenses increased significantly to ¥27,925,122.09 in Q1 2021, up 81.5% from ¥15,389,803.07 in Q1 2020[36] Market and Product Performance - Core products, including PDF editors and readers, saw a year-over-year growth rate of 17.00%, accounting for 85.84% of total revenue[13] - Subscription revenue grew by 30.49%, with its share of total revenue rising from 13.72% to 15.30%[13] - Online sales revenue increased by 27.15% year-over-year, while the revenue from the China division surged by 76.89%[13] Management and Governance - The company plans to implement a long-term incentive mechanism to attract and retain talent through a stock incentive plan approved by the board[19] - The company appointed Wei Jiqing as the new vice president following the resignation of Steven Xun Li, ensuring continuity in technical leadership[21]
福昕软件(688095) - 2020 Q3 - 季度财报
2020-10-27 16:00
Financial Performance - Operating revenue for the first nine months was CNY 341,365,294.95, a 37.13% increase compared to the same period last year[7] - Net profit attributable to shareholders increased by 142.46% year-on-year, amounting to CNY 92,603,510.46[7] - Basic and diluted earnings per share were both CNY 2.56, reflecting a 141.51% increase[8] - The net profit after deducting non-recurring gains and losses increased by 189.38% to CNY 80,940,971.59[7] - Net profit rose by 140.92% to ¥93,468,440.17, driven by a 37.13% increase in operating revenue[16] - Total profit for Q3 2020 was ¥36,254,088.61, compared to ¥23,486,993.22 in Q3 2019, reflecting a 54.4% increase[32] - Net profit for Q3 2020 was ¥31,090,823.29, compared to ¥19,549,144.47 in Q3 2019, representing a 58.8% increase[32] Assets and Liabilities - Total assets increased by 577.71% year-on-year, reaching CNY 3,146,603,856.73[7] - The company's cash and cash equivalents increased by 840.48% to ¥1,095,457,825.78 due to funds raised during the reporting period[14] - Trading financial assets surged by 3,763.92% to ¥1,580,963,332.61, primarily from new idle fundraising financial management[15] - The total number of shareholders is 5,067[12] - The total liabilities amounted to CNY 136,023,396.83, compared to CNY 131,526,216.88 in the previous year, showing a slight increase[25] - Current liabilities increased to CNY 129,455,289.98 from CNY 120,534,045.31, reflecting a rise of approximately 7.6%[25] - The company’s total current liabilities amounted to 120,534,045.31 RMB, reflecting an increase of 24,472,232.88 RMB[46] Cash Flow - Cash flow from operating activities for the first nine months was CNY 87,441,996.85, up 28.50% year-on-year[7] - Cash flow from operating activities for the first three quarters of 2020 was ¥378,764,065.92, an increase from ¥283,344,921.84 in the first three quarters of 2019[39] - Net cash flow from operating activities for the first three quarters of 2020 was ¥17,769,208.31, a decrease of 55.32% compared to ¥39,763,873.83 in the same period of 2019[41] - Cash flow from financing activities generated a net cash inflow of ¥2,575,424,825.52 in Q3 2020, compared to a net outflow of ¥18,053,797.26 in Q3 2019[42] Research and Development - Research and development expenses accounted for 15.24% of operating revenue, a decrease of 1.14 percentage points[8] - Research and development expenses increased by 27.60%, while sales expenses rose by 19.31%, both not exceeding the growth in sales revenue[16] - R&D expenses for Q3 2020 amounted to ¥20,476,486.40, a significant rise of 44.1% from ¥14,202,862.69 in Q3 2019[31] Shareholder Information - The total number of shareholders at the end of the reporting period and the shareholding status of the top ten shareholders were disclosed[11] - The company has no preferred shareholders as of the reporting period[13] Other Financial Metrics - The weighted average return on equity rose by 11.3 percentage points to 24.87%[7] - Other income increased by 59.43% to ¥9,863,774.85, primarily due to government subsidies received during the reporting period[16] - Investment income decreased significantly by 1,137.16% to -¥5,913,477.08, attributed to losses from equity investments in joint ventures[16] - Fair value changes in financial assets resulted in a gain of ¥6,071,706.73, a 285.22% increase compared to the previous period[16] - The company reported a significant increase in income tax expenses, up 156.44% to ¥16,587,832.76, due to higher total profit[16] Legal Matters - The company is involved in ongoing litigation regarding software copyright infringement, which may impact future operations[17] Changes in Accounting Standards - The company has adopted new revenue and lease standards starting in 2020, which may affect future financial reporting[42] - The company executed a new revenue standard adjustment, resulting in a 100% increase in contract liabilities to ¥81,702,667.41[15]