Kingsoft Office(SH:688111)2020-04-28 16:00Financial Performance - Operating revenue for the period was ¥372,265,142.61, representing a year-on-year growth of 30.90%[4] - Net profit attributable to shareholders was ¥110,314,478.53, a significant increase of 130.87% compared to the same period last year[4] - Basic earnings per share increased to ¥0.24, up 84.62% from ¥0.13 in the same period last year[4] - The company's operating revenue for Q1 2020 was RMB 372,265,142.61, representing a 30.90% increase compared to RMB 284,398,777.85 in the same period last year[10] - The net profit for Q1 2020 reached RMB 110,314,478.53, a significant increase of 130.87% from RMB 47,781,217.87 in Q1 2019[10] - Total operating revenue for Q1 2020 was $372.27 million, a 30.8% increase from $284.40 million in Q1 2019[23] - Net profit for Q1 2020 reached $110.31 million, compared to $47.78 million in Q1 2019, representing a 131.9% year-over-year growth[24] - Operating profit for Q1 2020 was $111.04 million, significantly higher than $43.55 million in Q1 2019, marking a 154.5% increase[23] - The total profit for Q1 2020 was $111.04 million, compared to $48.55 million in Q1 2019, representing a 128.5% increase[24] Cash Flow - The net cash flow from operating activities was ¥131,997,280.26, a recovery from a negative cash flow of ¥2,928,776.26 in the previous year[4] - The cash flow from operating activities for Q1 2020 was RMB 131,997,280.26, a significant improvement from a negative cash flow of RMB -2,928,776.26 in the previous year[10] - Total cash inflow from operating activities reached RMB 545,074,983.49, up from RMB 348,860,999.79 in the previous year, indicating a growth of approximately 56.2%[29] - The cash flow from financing activities was not detailed, but the overall cash flow net increase was RMB 100,130,655.33 in Q1 2020, compared to a decrease of RMB 12,621,646.18 in Q1 2019[30] Assets and Liabilities - Total assets at the end of the reporting period reached ¥6,957,055,079.72, an increase of 1.65% compared to the end of the previous year[4] - The company's total current assets as of March 31, 2020, amounted to approximately 6.79 billion RMB, compared to 6.68 billion RMB at the end of 2019, showing a slight increase[18] - The total assets of the company as of March 31, 2020, were approximately 6.96 billion RMB, up from 6.84 billion RMB at the end of 2019[19] - Total liabilities amounted to ¥774,198,197.15, a slight decrease from ¥775,413,228.15 in the previous period, indicating a reduction of approximately 0.16%[20] - Total current liabilities decreased to ¥110,346,989.79 from ¥142,064,063.43, a reduction of about 22.29%[22] - Total current liabilities were CNY 726,712,543.72, reflecting a decrease of CNY 57,945,108.06 compared to the previous period[35] - Total liabilities amounted to CNY 775,413,228.15, with no change from the previous reporting period[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 7,252[7] - Kingsoft WPS Corporation Limited held 52.71% of the shares, making it the largest shareholder[7] - Total equity attributable to shareholders reached ¥6,182,856,882.57, up from ¥6,068,580,258.44, reflecting an increase of about 1.88%[20] - Shareholders' equity totaled approximately $5.48 billion, including capital reserves of about $4.62 billion and undistributed profits of approximately $339.10 million[40] Research and Development - Research and development expenses accounted for 39.56% of operating revenue, a decrease of 7.88 percentage points compared to the previous year[4] - Research and development expenses amounted to $147.28 million, up from $134.91 million in the same quarter last year, indicating a 9.1% increase[23] Legal Matters - The company is currently involved in ongoing litigation with Foxit Software regarding alleged copyright infringement, with the latest developments pending a ruling from the Supreme People's Court[12] - The company is involved in a legal dispute with Foxit Software, with a first-instance judgment requiring the company to pay 300,000 RMB in damages[15] - The company plans to appeal the first-instance judgment regarding the software cooperation development agreement with Foxit Software[15] User Engagement - As of March 31, 2020, the monthly active users (MAU) for the company's main products reached 447 million, representing a year-over-year increase of 36.28% and a quarter-over-quarter increase of 8.8%[16] - The monthly active users for WPS Office PC version were 168 million, while the mobile version had 271 million active users[16] - The company has reported a stable growth in user data, indicating a positive trend in user engagement and product adoption[16] - The company has not indicated any significant changes in net profit expectations for the upcoming reporting period[16]