Foxit Software(SH:688095)2021-04-27 16:00Financial 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]