Digging for shellfish nets August 30,Neusoft Group (600718)Recently, the 2020 semi-annual report was released. As of June 30, 2020, the company achieved operating income of 2,478,856,010 yuan in the first half of 2020, a year-on-year decrease of 15.27%, and realized net profit attributable to shareholders of listed companies of 65,109,551 yuan, an increase of 152.56% over the previous year.

As of June 30, 2020, the total assets of the company at the end of the reporting period were 15,830,381,630 yuan, up 8.93% from the end of the previous year; the net assets attributable to shareholders of listed companies were 8,429,723,957 yuan, down 3.58% from the end of the previous year.

Revenue decreased by 446.86 million yuan from the same period last year, a decrease of 15.27%, mainly due to the impact of the epidemic during the reporting period, delays in the progress of some projects, and implementation of the new revenue standards. Some software development, service, and system integration contract businesses recognized revenue according to the completion percentage method under the old guidelines, but revenue recognition was delayed when customers obtained control of relevant products under the new revenue standards.

Management expenses decreased by $20.59 million compared to the same period last year, a decrease of 6.57%, mainly due to the reduction in transportation and travel expenses affected by the epidemic and the company's strengthened cost control during the reporting period.

According to data from Gaobei.com, Neusoft Group mainly focuses on software technology. Through the integration of software and services, the integration of software and manufacturing, and the integration of technology and industry capabilities, Neusoft Group provides industry solutions, intelligent interconnection products, platform products, and cloud and data services.