Baosight software reports solid net profit growth in 2021
Source: Xinhua | 2022-03-13
Shanghai Baosight Software Co., Ltd., the listed IT arm of steel giant China Baowu Steel Group, reported a 35.92 percent surge in net profit last year.
Net profit attributable to the parent company reached about 1.82 billion yuan (about 287.5 million U.S. dollars) in 2021, it said in a statement filed with the Shanghai Stock Exchange.
The company's business revenues rose 15.01 percent to about 11.76 billion yuan in the reporting period, it said.
China Baowu Steel Group Corporation Limited, the world's largest steel conglomerate, is the outcome of reorganizations between several state-owned steel giants.
Baosight attributed its robust growth in net profit to the integration of the parent company and the burgeoning demand for intelligent manufacturing and operation.
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