Foxit Software(SH:688095)2022-04-27 16:00Financial 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]