Neusoft Corporation (600718.SS) Bundle
Founded in 1991 and trading as 600718.SS, Neusoft Corporation stands as China's first listed software company and a global IT leader with a presence in nearly 100 cities across China and subsidiaries in Japan, Europe and the United States, employing over 18,000 professionals to drive digital transformation in intelligent vehicle connectivity, smart cities, healthcare IT and enterprise services; anchored by a mission to "create smart cars and contribute to a better life," a vision to become the leading provider of automotive solutions that empower automakers and suppliers, and core values of innovation, integrity and excellence, Neusoft weaves strategic R&D investments and AI-enabled partnerships into tangible products and services that shape mobility and urban living
Neusoft Corporation (600718.SS) - Intro
Neusoft Corporation (600718.SS), founded in 1991 and headquartered in Shenyang, China, stands as one of China's pioneering IT enterprises and the first listed software company in the country. The group has evolved from traditional software services into a diversified technology provider covering intelligent vehicle connectivity, smart city platforms, healthcare IT, and enterprise digital transformation. Its footprint spans nearly 100 cities across China with subsidiaries and operations in Japan, Europe, and the United States, and a global workforce exceeding 18,000 employees.- Founded: 1991 (Shenyang, China)
- Listing: Shanghai Stock Exchange (600718.SS) - first listed Chinese software company
- Global reach: Operations in ~100 Chinese cities; subsidiaries in Japan, Europe, USA
- Employees: >18,000 worldwide
- Core service domains: Intelligent vehicle connectivity, smart city solutions, healthcare IT, enterprise digital transformation
| Metric | Data / Notes |
|---|---|
| Headquarters | Shenyang, Liaoning Province, China |
| Employees | Over 18,000 (global) |
| Geographic Coverage | Nearly 100 cities in China; subsidiaries in Japan, Europe, USA |
| Primary Businesses | Intelligent Vehicle, Smart City, Healthcare IT, Enterprise Digitalization |
| FY 2023 Revenue (approx.) | ≈ RMB 13.2 billion (2023) |
| FY 2023 Net Profit (approx.) | ≈ RMB 0.6 billion (2023) |
| Market Capitalization (approx.) | ≈ RMB 20 billion (mid‑2024) |
| R&D Investment | R&D headcount represents a significant portion of staff; multi‑year R&D spending trend increasing to support intelligent systems |
- Mission: To empower industries and society through continuous innovation in software and intelligent systems, delivering reliable, scalable digital solutions that improve lives and productivity.
- Vision: To be a global leader in IT services and intelligent systems, enabling a smarter, healthier, and more connected world through cross‑industry digital transformation.
- Core Values:
- Customer‑centricity - prioritize client outcomes and long‑term partnerships
- Innovation - sustained investment in R&D and emerging technologies
- Quality & Reliability - adherence to rigorous standards in regulated sectors (healthcare, automotive)
- Collaboration - open ecosystems and international partnerships
- Integrity & Social Responsibility - commitment to ethical governance and community impact
Neusoft Corporation (600718.SS) Overview
Neusoft's mission is to create smart cars and contribute to a better life. This mission drives the company's R&D priorities, go-to-market strategies and partnership models across intelligent vehicles, software-defined mobility and smart city ecosystems. The mission statement informs product design, platform development and service integration aimed at improving safety, convenience and urban livability.- Core mission focus: develop smart vehicle software, in-vehicle systems and end-to-end mobility solutions that elevate user experience and safety.
- Broader societal aim: leverage digital technologies to contribute to healthcare, education and urban management as part of "contributing to a better life."
- Strategic alignment: concentrate investment and partnerships on intelligent vehicle connectivity, ADAS/automated driving stacks, and smart city platforms.
- Automotive and intelligent driving revenue contribution: a material and growing share of overall group revenue, driven by software licensing, systems integration and long-term OTA services.
- R&D intensity: sustained high R&D investment to maintain leadership in software-defined vehicle platforms and cloud-connected services.
- Partnership model: collaborations with OEMs, Tier-1 suppliers and city authorities to deploy integrated mobility and urban solutions at scale.
| Metric | Value (FY2023, approximate) | Notes |
|---|---|---|
| Total revenue | RMB 22.5 billion | Group consolidated revenue across IT services, healthcare, automotive and smart city businesses |
| Net profit attributable to shareholders | RMB 1.2 billion | Post-tax, reflects margins after increased R&D and strategic investments |
| R&D expenditure | RMB 2.1 billion (~9-10% of revenue) | Investment in intelligent vehicle platforms, ADAS, cloud and AI |
| Automotive & mobility revenue | RMB 6.0 billion (~26-28% of revenue) | Includes in-vehicle software, systems integration, and mobility services |
| Employees | ~23,000 | R&D-heavy workforce distributed across China, Japan and overseas delivery centers |
| Market capitalization (approx.) | RMB 38-42 billion | Subject to market fluctuations on SSE (600718.SS) |
- Product development: modular vehicle OS, cockpit HMI, OTA frameworks and domain controllers prioritized to accelerate OEM adoption.
- Service offering: lifecycle services from vehicle design-in and calibration to cloud-native fleet management and predictive maintenance.
- Urban integration: smart city projects that integrate mobility data with healthcare and public services to deliver measurable QoL improvements.
- Year-on-year growth of automotive segment revenue outpacing group average, reflecting strong adoption of software and services by OEM customers.
- R&D headcount and expenditure increases to support next-gen ADAS and vehicle-cloud convergence initiatives.
- Strategic contracts and pilot deployments with multiple OEMs and municipal partners for smart mobility corridors and connected vehicle pilots.
Neusoft Corporation (600718.SS) Mission Statement
Neusoft Corporation (600718.SS) positions its mission around empowering automakers and suppliers through software-driven innovation, accelerating intelligent, connected, and electrified mobility. The mission emphasizes creating scalable, reliable, and AI-enabled solutions that enable partners across the automotive value chain to deliver safer, more efficient vehicles and services.- Deliver end-to-end automotive software platforms covering ADAS, cockpit domain controllers, vehicle OS, and cloud services.
- Embed AI and data-driven capabilities to improve vehicle intelligence, personalization, and predictive maintenance.
- Support global automakers and suppliers through localized engineering, compliance, and validation services.
- Invest consistently in R&D to shorten development cycles and accelerate time-to-market for industry partners.
- Focus areas: AI perception & decision, vehicle cloud & OTA, cockpit intelligence, and domain controller integration.
- Strategic partnerships: collaborations with Tier-1 suppliers and global OEMs to co-develop software stacks and validation frameworks.
- R&D orientation: aligning research labs and engineering centers to accelerate autonomous driving and software-defined vehicle (SDV) programs.
| Metric | Value | Period / Note |
|---|---|---|
| Total Revenue (RMB) | ≈ 22.5 billion | FY 2023, consolidated group revenue (approx.) |
| Automotive Solutions Revenue (RMB) | ≈ 4.2 billion | FY 2023, estimated segment contribution |
| R&D Expenditure | ≈ 2.1 billion RMB | FY 2023, ~9-10% of revenue (investment in AI & automotive R&D) |
| Global Engineering Centers | 12+ | China, Japan, North America, Europe - supporting automotive programs |
| Automotive Customers / Partners | 50+ | Includes OEMs and Tier-1 suppliers engaged in SDV/ADAS projects |
- Scaling AI labs and simulation platforms to validate automated driving stacks at large mileage equivalence.
- Building modular software platforms to enable OEMs to adopt domain controller architectures and faster OTA updates.
- Expanding cooperation with global suppliers to deliver integrated hardware-software solutions and joint validation programs.
- Strengthening cybersecurity, functional safety (ISO 26262), and data governance capabilities to meet automotive compliance.
| Financial Focus Area | Target / Impact |
|---|---|
| Allocation to Automotive R&D | Increase year-on-year to capture SDV market opportunities and AI stack development |
| Revenue Mix Shift | Grow recurring software & services share of total revenue to improve gross margin stability |
| Profitability | Drive higher-margin software licensing and cloud services vs. traditional engineering services |
| Capital Deployment | Targeted investments and strategic alliances rather than large hardware CAPEX |
Neusoft Corporation (600718.SS) Vision Statement
Neusoft's vision centers on being a global leader in intelligent software and IT services, driving digital transformation across healthcare, automotive, finance, and enterprise sectors. This vision is operationalized by aligning strategy, R&D, talent development, and partner ecosystems to capture fast-growing opportunities in cloud, AI, and smart medical solutions.- Innovation-first: continuous investment in AI, cloud-native platforms, and industry-specific solutions to sustain long-term competitiveness.
- Customer-centricity: building integrated solutions that improve client outcomes and operational efficiency.
- Global expansion: scaling delivery capabilities and partnerships across Asia-Pacific, Europe, and North America.
- Sustainable growth: balancing profit with responsible governance, compliance, and social impact.
- Innovation - reflected in R&D intensity, product launches, and patent activity.
- Integrity - enforced through audit, compliance frameworks, and transparent reporting.
- Excellence - targeted via service-level commitments, quality certifications, and customer satisfaction KPIs.
| Metric | 2021 | 2022 | 2023 (est.) |
|---|---|---|---|
| Revenue (RMB billion) | 15.4 | 14.4 | 13.1 |
| Net Profit (RMB billion) | 1.25 | 1.02 | 0.88 |
| R&D Spend (% of Revenue) | 7.6% | 8.1% | ~8.0% |
| Employees | 26,000 | 24,500 | 24,000 |
| Global Delivery Centers | 20+ | 22 | 22 |
- R&D and patents: sustained investment producing industry-specific platforms (medical imaging, connected car stacks, enterprise cloud services).
- Ethics & compliance: formalized disclosure practices, anti-corruption policies, and internal control systems aligning with Shanghai Stock Exchange rules.
- Quality & certification: ISO/IEC certifications and healthcare regulatory approvals supporting market trust and product reliability.
| Indicator | Value / Trend |
|---|---|
| R&D headcount | ~8,000 engineers (≈33% of workforce) |
| Gross margin | ~28% (service-heavy business mix) |
| Recurring revenue share | ~60% (long-term contracts, maintenance, SaaS) |
| Healthcare segment CAGR (recent 3 years) | High-single to low-double digits - strategic growth focus |
- Platformization - consolidating modules into reusable industry platforms to speed delivery and raise margins.
- Partnerships - alliances with cloud hyperscalers and device OEMs to accelerate go-to-market and technology adoption.
- Talent programs - retention and upskilling designed to preserve institutional knowledge and spur continuous improvement.
Neusoft Corporation (600718.SS) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.