Arcsoft Corporation Limited’s Net Profit Dropped 55.9% in First Quarter of 2022

Arcsoft Corporation Limited (虹软科技股份有限公司) (688088.SH) reported a net profit of 24.2 million yuan in the first quarter of 2022, down 55.9% year-on-year.

Meanwhile, the company posted 136.4 million yuan in revenue, down 9.4% year-on-year.

At the end of the reporting period, it had 2.9 billion yuan in total assets and 345.1 million yuan in total liabilities, with a liability-to-asset ratio of 11.8%.