福昕软件(688095) - 2025 Q1 - 季度财报

Financial Performance - The company achieved operating revenue of CNY 202.17 million in Q1 2025, representing a year-on-year increase of 19.78%[3] - The net profit attributable to shareholders was a loss of CNY 5.83 million, narrowing the loss by 45.02% compared to the previous year[6] - Total revenue for Q1 2025 reached CNY 202,168,454.41, an increase from CNY 168,790,139.13 in Q1 2024, representing a growth of approximately 19.7%[31] - Total operating costs for Q1 2025 were CNY 213,490,085.36, up from CNY 187,885,218.40 in Q1 2024, indicating an increase of about 13.6%[31] - The net loss for Q1 2025 was CNY 10,182,981.78, compared to a net loss of CNY 10,713,323.72 in Q1 2024, showing an improvement of approximately 4.9%[32] - The company reported a basic and diluted earnings per share of CNY -0.0650 for Q1 2025, compared to CNY -0.1193 in Q1 2024, indicating an improvement in loss per share[33] Revenue Breakdown - The company reported an Annual Recurring Revenue (ARR) of CNY 451.66 million, a 9.81% increase from the previous year, with a quarterly ARR growth of 31.32%[8] - Subscription revenue reached CNY 117.20 million, up 57.58% year-on-year, accounting for 58% of total operating revenue[10] - Revenue from channel sales was CNY 84.86 million, reflecting a year-on-year growth of 34.30% and constituting 42% of total operating revenue[12] Cash Flow and Assets - The net cash flow from operating activities was a negative CNY 53.32 million, with the original business's cash flow narrowing the outflow by 21.65% when excluding the impact of acquisitions[7] - In Q1 2025, the cash inflow from operating activities was CNY 196,502,164.74, an increase of 4.6% compared to CNY 187,407,520.75 in Q1 2024[34] - The total current assets amounted to 2,402,734,838.03 RMB, an increase from 2,290,476,289.30 RMB at the end of 2024[28] - Cash and cash equivalents increased to 856,396,603.38 RMB from 763,736,517.97 RMB[28] - The total cash and cash equivalents at the end of Q1 2025 were CNY 854,656,625.22, up from CNY 640,536,495.97 at the end of Q1 2024[35] Investment and Financing - The company completed an investment of 474.9817 million RMB to acquire a 51% stake in Tongban Information, which will be consolidated into the company's financial statements[25] - The company plans to apply for a merger loan of up to 284.98 million RMB, using the 51% stake in Tongban Information as collateral[26] - Cash inflow from financing activities was CNY 139,396,522.06, with a net cash flow of CNY 137,804,025.83, compared to a negative cash flow of -CNY 8,774,899.46 in Q1 2024[35] Shareholder Information - The total number of common shareholders at the end of the reporting period was 8,794[22] - The largest shareholder, Xiong Yuqian, holds 36,410,668 shares, representing 39.82% of the total shares[22] - The total number of shares held in the company's repurchase account is 1,738,819, accounting for 1.90% of the total share capital[23] - The company has not identified any related party relationships among its top shareholders[23] Research and Development - The company’s R&D investment totaled CNY 63.08 million, representing 31.20% of operating revenue, a decrease of 6.17 percentage points from the previous year[3] - Research and development expenses for Q1 2025 amounted to CNY 60,767,142.69, slightly higher than CNY 57,232,086.06 in Q1 2024, reflecting a growth of about 4.4%[32] Market Performance - The North American market saw stable revenue growth of nearly 15%, improving by approximately 5 percentage points compared to the previous year's growth rate[14] Asset and Liability Changes - The total assets increased to CNY 3.58 billion, a growth of 16.14% compared to the end of the previous year[4] - Total liabilities rose to CNY 798,175,993.16, up from CNY 537,546,864.39, indicating an increase of about 48.5%[30] - The equity attributable to shareholders increased slightly to CNY 2,552,904,394.10 from CNY 2,552,759,092.18, showing a marginal growth of 0.006%[30] - The company’s goodwill increased significantly to CNY 461,761,996.14 from CNY 235,237,366.43, reflecting a growth of approximately 96.2%[30] - Deferred tax assets rose to CNY 88,654,783.00 from CNY 77,726,194.75, representing an increase of about 14.0%[30]