http://biz.yahoo.com/prnews/081106/cnth052.html?.v=1
2008年第1季度亏损920万人民币，第2季度盈利280万人民币，第3季度亏损2890万人民币，合计亏损了3530万。不过，还是有不少现金3265万人民币！
Financial Results for the Third Quarter of 2008
2008年第3季度的财务结果
Revenue收入
l eFuture reported total revenues of RMB27.4 million (US$4.0 million) for the third quarter of 2008, a 66.4% increase from RMB16.4 million in the third quarter of 2007.
2008年第3季度的收入为2740万人民币，比2007年第3季度的1640万人民币还增加了66.4%。
Operating Expenses营运费用
l Research and development expenses for the third quarter of 2008 were RMB0.2 million (US$0.03 million), or 0.8% of total revenue, compared to 0.4% of total revenue in the third quarter of 2007 and 0.9% in the second quarter of 2008.
2008年第3季度的研究发展费用是人民币20万，占总收入的0.8%，2007年3季度是占0.4%，2008年第2季度占0.9%。
l General and administrative expenses for the third quarter of 2008 were RMB6.8 million (US$1.0 million), or 24.9% of total revenue, compared to 19.8% in the third quarter of 2007 and 33.4% in the second quarter of 2008.
2008年第3季度的一般及行政费用为680万人民币，或总收入的24.9%,而2007年第3季度是19.8%,2008年第2季度是33.4%。
l Selling and distribution expenses for the third quarter of 2008 were RMB6.3 million (US$0.9 million), or 23.1% of total revenue, compared to 19.5% in the third quarter 2007 and 17.7% in the second quarter of 2008.
2008年第3季度的销售及分销费用是630万人民币，或总收入的23.1%,而2007年第3季度是19.5%,2008年第2季度是17.7%。
l Operating loss in the third quarter of 2008 was RMB0.3 million (US$0.04 million) compared to operating income of RMB0.5 million in the third quarter of 2007 and operating income of RMB1.2 million in the second quarter of 2008.
2008年第3季度的营运亏损是30万人民币，而2007年第3季度50万人民币利润，2008年第2季度是120万人民币利润。
Net Income净利润
l Net loss for the third quarter of 2008 was RMB28.9 million (US$4.2 million), compared to a net loss of RMB0.6 million in the third quarter of 2007 and net income of RMB2.8 million in the second quarter of 2008. The net loss was primarily attributable to the impact of acquisitions, one-time conversion expenses related to the conversion of a portion of US$10 million in convertible notes completed in third quarter of 2008, and payment of operating expenses incurred in the second quarter of 2008. Amortization of acquired software technology was RMB3.3 million (US$0.5 million); interest expense was RMB8.1 million (US$1.2 million); amortization of discount on notes payable was RMB18.4 million (US$2.7 million) and amortization of loan costs was RMB3.4 million (US$0.5 million).
2008年第3季度的净亏损是2890万人民币，而2007年第3季度的亏损是60万人民币，2008年第2季度是盈利280万人民币。净亏损的主要原因是并购的影响、1000万美元可换股债在2008年第3季度所发生的部分转换的一次性转换费用以及2008年第2季度的营运费用在本季度支付。并购软件技术的摊销费用是330万人民币，利息费用是810万，应付债卷折扣的摊销费用是1840万人民币，贷款成本的摊销费用是340万人民币。
富基的赢利水平一直一般，合并前融通虽小，赢利反而好些。但双方的合并恐怕是一种“抱团取暖”的权宜。
去年还是什么时候看过一份对上市公司的分析报告，分析富基在做“无机增长”，换句话说，自己已经不长肉了，只能靠“买”来暂时让自己变“大”，但不是变“壮”。
这说法虽不见的是真理，但还是有根据。此前的唐诚、此后的茂进合并，并未见有更多后续做为，也许颜总是喜欢危机中求生存的那类吧？
我曾经说过，以富基的赢利能力，上市莫如不上。现在看，也不全对，至少，最低限度，现金可以让她更命长，更有机会找到出路，符合颜总“剩者为王”的想法。但单纯的变“大”却恰恰是一种加速消耗宝贵现金流的危险做法。
未来，谁知道呢？
