Neusoft Corporation Posted 887,994 Yuan Net Profit in First Quarter of 2023

Neusoft Corporation (东软集团股份有限公司) (600718.SH) reported a net profit of 887,994 yuan in the first quarter of 2023, reversing a net loss of 32.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 29.6% year-on-year.

At the end of the reporting period, it had 18.4 billion yuan in total assets and 9.1 billion yuan in total liabilities, with a liability-to-asset ratio of 49.2%.