Foxit Software(SH:688095)2020-10-27 16:00Financial 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]