Arcsoft Corporation Limited’s Net Profit Dropped 56.4% in First Three Quarters of 2022

Arcsoft Corporation Limited (虹软科技股份有限公司) (688088.SH) reported a net profit of 52.6 million yuan in the first three quarters of 2022, down 56.4% year-on-year.

Meanwhile, the company posted 390.8 million yuan in revenue, down 12.5% year-on-year.

At the end of the reporting period, it had 2.9 billion yuan in total assets and 343.1 million yuan in total liabilities, with a liability-to-asset ratio of 11.8%.