Beijing Vrv Software Corporation Limited. Posted 1.9 Million Yuan Net Profit in First Quarter of 2022

Beijing Vrv Software Corporation Limited. (北京北信源软件股份有限公司) (300352.SZ) reported a net profit of 1.9 million yuan in the first quarter of 2022, reversing a net loss of 21.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 130.5 million yuan in revenue, up 52.7% year-on-year.

At the end of the reporting period, it had 3.1 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 43.9%.