Foxit Software(688095)2023-04-26 16:00Financial Performance - The net profit attributable to the shareholders of the listed company for 2022 was -1,743,914.50 CNY, while the net profit of the parent company was 3,809,864.13 CNY[6]. - The company's operating revenue for 2022 was approximately RMB 579.88 million, representing a 7.16% increase compared to RMB 541.12 million in 2021[24]. - The net profit attributable to shareholders of the listed company for 2022 was approximately RMB -1.74 million, a decrease of 103.77% from RMB 46.24 million in 2021[24]. - The basic earnings per share for 2022 was RMB -0.0274, a decline of 103.91% compared to RMB 0.7002 in 2021[25]. - The company's net profit after deducting non-recurring gains and losses was approximately -9.51 million yuan due to significant R&D investments in new products that are still in the development or initial promotion stage[40]. - The company reported a net profit attributable to shareholders of the parent company of -1.7439 million yuan, a decline of 103.77% year-on-year[39]. - The net profit attributable to shareholders after excluding non-recurring gains and losses was -78.0048 million yuan, a decrease of 251.47% compared to the previous year[39]. - The company's financial expenses decreased significantly by 132.11% due to changes in exchange rate gains and losses[119]. - The company reported a significant increase in revenue, achieving a total of $100 million in sales, marking a 25% year-over-year growth[171]. Dividend and Capital Management - The proposed cash dividend is 5 CNY (including tax) for every 10 shares, totaling 31,609,028.00 CNY (including tax) based on the adjusted share capital[7]. - The board of directors has approved the profit distribution and capital reserve transfer plan, pending shareholder meeting approval[8]. - The company plans to distribute at least 10% of the annual distributable profit as cash dividends, contingent on meeting specific conditions[200]. - The cash dividend policy is designed to be stable and continuous, considering the long-term interests of all shareholders[200]. Research and Development - Research and development expenses accounted for 32.26% of operating revenue in 2022, an increase of 4.75 percentage points from 27.51% in 2021[25]. - The total R&D investment for the year reached ¥187,044,667.10, an increase of 25.67% compared to the previous year[93]. - R&D investment accounted for 32.26% of total revenue, up from 27.51% in the previous year, reflecting a 4.75% increase[94]. - The company has developed key technologies in PDF document processing, enhancing user experience and document format conversion[89]. - The company is focused on developing AI-based technologies for sensitive information detection and masking, ensuring compliance with privacy regulations[89]. Market and Product Development - The company is transitioning from a one-time licensing model to a subscription model, which has impacted revenue recognition negatively during the transition period[26]. - Subscription business revenue reached 123.0171 million yuan, accounting for 21.21% of total revenue, and grew by 47.98% year-on-year[37]. - The Annual Recurring Revenue (ARR) for subscription business was 138.5133 million yuan, an increase of 56.41% compared to the previous year[37]. - The company launched the PDF Editor Pro+, integrating mobile, desktop, and cloud functionalities, which supports digital signatures using national encryption algorithms to meet domestic user needs[44]. - The company has launched several new products, including PDF product upgrades and intelligent document cloud services, with ongoing improvements to user experience and performance[98]. Corporate Governance and Risk Management - The company has outlined various risks and countermeasures in the report, which can be found in the "Management Discussion and Analysis" section[4]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[10]. - The company has not disclosed any special arrangements for corporate governance[9]. - The company has not faced any penalties from securities regulatory agencies in the past three years, except for a self-regulatory measure in 2020 related to shareholding issues[180]. Employee and Management Structure - The total number of employees at the company reached 818, an increase of 17 compared to the end of the previous year, with new hires primarily focused on the development of new product lines[51]. - The company has established a competitive salary system based on market salaries, considering various factors such as company performance and individual achievements[197]. - The company has implemented a comprehensive talent training mechanism, combining internal and external training programs[198]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to CNY 10.44 million[176]. Strategic Initiatives and Future Outlook - The company plans to expand its marketing efforts in emerging markets such as Brazil and India while continuing to invest in established markets like the US and Europe[111]. - The management indicated a positive outlook for the upcoming fiscal year, expecting continued growth driven by strategic initiatives and market expansion[167]. - The company aims to enhance its core technology competitiveness through independent research and development, focusing on PDF technology expansion in various industries[155]. - The company is exploring potential mergers and acquisitions to further strengthen its market position and diversify its product offerings[168].