Shanghai Baosight Software: Revenue and profit dropped significantly amid steel sector headwinds and margin compression

Revenue and net profit declined sharply year-over-year due to steel industry headwinds, but operational cash flow remained robust. The company advanced in AI, robotics, and cloud, maintained high R&D investment, and executed a stable dividend policy.

Original document: Shanghai Baosight Software Co., Ltd. Class A [600845] Interim report — Aug. 19 2025

Shanghai Baosight Software Chairman Xia Xuesong resigned effective Friday, citing job changes, according to a Tuesday filing with the Shanghai bourse.

The software company has not yet named Xia's successor.

Shares fell 1% during morning trading on Tuesday.

Revenue and net profit declined over 25% year-over-year in Q1 2025, while operating cash flow grew modestly. The company completed a major acquisition and saw increases in total assets and equity despite lower profitability.

Original document: Shanghai Baosight Software Co., Ltd. Class A [600845] Interim report — Apr. 26 2025

Chinese shares ended mixed on the first trading day of April despite a private reading showing the country's manufacturing sector expanded to a four-month high.

The Shanghai Composite Index, the main gauge of Chinese stocks, gained 0.38% or by 12.69 points to 3,348.44. The Shenzhen Component Index stayed nearly flat, losing 0.0064% or by 0.68 points to 10,503.66.

The Caixin/S&P Global headline seasonally adjusted manufacturing purchasing managers' index or PMI grew to a four-month high of 51.2 in March from 50.8 in February.

The figure marks the sixth straight month the private PMI reading rose above the neutral 50 mark, and is attributable to an increase in new orders and higher purchasing activity.

Meanwhile, China's central bank conducted 800 billion yuan of outright reverse repurchase agreements in March, composed of 500 billion yuan in three-month repos and 300 billion yuan in six-month repos.

In the geopolitical front, China, Japan and South Korea are seen to issue a joint response to tariffs imposed by US President Donald Trump, Reuters reported, citing a social media account affiliated with Chinese state media.

The comments come after the three countries met Sunday to facilitate trade among the three East Asian powers in response to the tariffs.

Both South Korea and Japan dismissed the claims, with Seoul saying the suggestion is "exaggerated," while Tokyo said such discussions did not take place.

In corporate news, Beijing also intends to overhaul its state-backed automakers to increase competitiveness in the electric and smart vehicle industry.

AVIC Shenyang Aircraft finished 5% higher after its 2024 profit jumped 135 to 3.39 billion yuan.

Shanghai Baosight Software closed 6% lower as its net profit fell 11% to 2.27 billion yuan.

Shanghai Baosight Software posted 2024 net profit attributable to shareholders of 2.27 billion yuan, down 11% from 2.55 billion yuan the previous year.

Earnings per share fell to 0.785 yuan from 0.887 yuan, according to a filing with the Shanghai bourse.

The software company's revenue rose 5.6% year over year to 13.6 billion yuan from 12.9 billion yuan.

Baosight Software declared a dividend of 0.6 yuan per share.

Shares of the company fell 5% in recent trade.

Shanghai Baosight Software posted 2024 net profit attributable to shareholders of 2.27 billion yuan, down 11% from 2.55 billion yuan the previous year.

Earnings per share fell to 0.785 yuan from 0.887 yuan, according to a filing with the Shanghai bourse.

The software company's revenue rose 5.6% year over year to 13.6 billion yuan from 12.9 billion yuan.

Baosight Software declared a dividend of 0.6 yuan per share.

Shares of the company fell 5% in recent trade.