Core Viewpoint - The human software sector is currently trading at 10-year lows in terms of multiples, indicating a significant market selloff that has broadly affected many companies, suggesting an exaggerated reduction in expected growth rates [1][5][12] Valuation Metrics - The sector is trading at an average of slightly above 10 times EBITDA, a stark contrast to the historical average of about 25 times, indicating strong support levels for depressed valuations [5] - The one-year forward PE ratio for the sector is currently at 17 times, projected to decrease to 14 times in 2027, aligning more closely with the broader equity market despite the sector's faster growth [5] Growth Expectations - Companies in Europe are expected to achieve around 10% revenue growth, but the market is pricing in a much lower growth rate for the future [6][12] - The anticipated growth for many companies in Europe remains healthy, with no downgrades expected through 2026, although acceleration in revenue growth is not evident [12] Company-Specific Insights - Companies with strong customer bases and data modes, such as SAP, are viewed as more insulated from market risks, despite not holding shares in these companies [3][9] - The integration level of software solutions, particularly ERP systems, makes it challenging for companies to switch providers, providing a competitive advantage to established players [7][9] Market Dynamics - The current market environment shows a lack of differentiation among software companies, creating potential investment opportunities in firms with low churn and high data modes [2][8] - The divergence in performance between hardware and software sectors is notable, with hardware companies like ASML reporting record earnings while software firms like SAP face investor disappointment due to slower growth in their cloud businesses [10][11]

Core Insights - AppFolio, Inc. experienced a data breach involving unauthorized access to its CRM system through a third-party vendor, Salesloft, between August 8 and August 18, 2025 [3][4]. Group 1: Incident Details - The data breach was discovered on or around August 22, 2025, prompting AppFolio to deactivate all Salesloft integrations and initiate an investigation [3]. - Investigators found that the unauthorized party targeted a specific location within the CRM that stored sensitive personal information, potentially including names and Social Security numbers [4]. Group 2: Company Overview - AppFolio, Inc. is a technology company based in Santa Barbara, specializing in cloud-based software solutions for property management [2].

As filed with the Securities and Exchange Commission on August 8, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 YOUXIN TECHNOLOGY LTD (Exact Name of Registrant as Specified in Its Charter) Not Applicable (Translation of Registrant's name into English) (Primary Standard Industrial Classification Code Number) Room 1005, 1006, 1007, No. 122 Huangpu Avenue West, Tianhe District, Guangzhou, Guan ...