688095 Foxit Software , with an issue price of 238.53 yuan, initially reached a maximum of 370 yuan, and then plummeted. As of the closing price on June 7, the stock price was only 101.69 yuan. This was an increase from 78.6 yuan in the previous trading days! Shareholders: It’s just a pdf company! Is it really worth such a high valuation?
Not to mention just this company’s stock, it can be priced at 238.53 yuan per share and raise 2.872 billion! What's going on here? What exactly does this company do and is it sponsored by the brokerage firm? How is the company's revenue? Let’s take a look:
PDF electronic solution provider
According to the information disclosed by Foxit Software: it is an internationally operating PDF electronic document solution provider, a major member of the International PDF Association, and the Chinese format document OFD standard Establish members.
Foxit Software has more than 650 million direct users and more than 425,000 corporate customers in more than 200 countries and regions around the world.
To be honest, I have used Foxit Software's pdf, but it didn't feel special. I later abandoned it and it is highly replaceable. I don't understand why I should use it?
Industrial Securities sponsored issuance, raising over 2.4 billion
According to Foxit Software’s prospectus, the company’s listing plan on September 8, 2020, plans to raise 407.4 million funds for PDF product development and upgrade projects, document intelligent cloud service projects, Frontier Document technology research and development projects, global marketing network services and supporting project construction.
Results After the inquiry, Industrial Securities and Foxit Software set the issue price at 238.53 yuan, with an issue price of 12.04 million and a total capital raised of 2.872 billion! The net capital of raised was 2.586 billion, and Industrial Securities took away 290 million in sponsorship fees! The current stock price break has nothing to do with him!
's net profit in 2021 was 46.24 million, a year-on-year drop of 59.9%.
The company's revenue and net profit both increased before the listing. After the listing, the company's net profit began to fall, with a direct loss of 22.19 million after deducting non-net profits!
has revenue of 468.6 million in 2020, net profit of 115.3 million, and non-net profit of 84.78 million; revenue in 2021 is 541.1 million, net profit of 46.24 million, and non-net profit of -22.19 million! Year-on-year net profit fell 59.9%, and non-net profit fell 126.18%! With a price-to-earnings ratio of 245.38 times and a net profit of 1 yuan per share, it would take 238 years to recover the capital!
Shareholders’ views on Foxit Software’s plunge
This time The Shanghai Composite Index If the Shanghai Composite Index falls to 2800 again, I don’t know if Foxit 70 can hold on!
Please don’t compare Foxit Software with Kingsoft Office in the future. They are really not on the same level. They are even worse than 10%. The decline is many times higher than that of Kingsoft. The rise is many times higher than that of Kingsoft. Hehe, pretending to be dead. A few questions, 1. Main capital If you are not optimistic about Foxit, of course you are not willing to invest big money. 2. Foxit management does not care about the stock price and ignores the interests of small and medium investors. 3. The stock price is too bad and there are too many hold-ups!
Foxit Software has trapped many investors! Shareholders are not optimistic about the future of Foxit Software! Do you think Foxit Software can return to its launch price? Issue at a high price to take responsibility? You are welcome to leave comments below.
