Arcsoft Corporation Limited’s Net Profit Rose 15.3% in First Quarter of 2023

Arcsoft Corporation Limited (虹软科技股份有限公司) (688088.SH) reported a net profit of 28.1 million yuan in the first quarter of 2023, up 15.3% year-on-year.

Meanwhile, the company posted 161.4 million yuan in revenue, up 18.3% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 396.8 million yuan in total liabilities, with a liability-to-asset ratio of 13.2%.