China's Neusoft Gained 18.2% Net Profit Growth and 29.6% Overseas Outsourcing Revenue...

China's Neusoft Gained 18.2% Net Profit Growth and 29.6% Overseas Outsourcing
Revenue Increase in 2008

SHENGYANG, China, March 30 /PRNewswire-Asia/ -- Neusoft Corporation
(600718.SH), a leading IT solutions & services provider as well as the largest
offshore software & service outsourcing provider in China, published its 2008
Annual Report recently. The report indicates a continuously high-speed growth
in its two core businesses, industry solutions and product engineering
solutions, based upon its overall business strategy in both domestic and
international markets. According to the report, Neusoft achieved a net profit
of RMB 491 million Yuan in 2008, an 18.2% increase over 2007, and revenue
increased 10.3% to RMB 3.711 billion Yuan. In terms of its global operations,
despite the worldwide economic and financial crisis, Neusoft acquired a steady
growth in Japan, Europe, and the U.S. markets and earned a total outsourcing
revenue of US$ 182 million, a year-on-year increase of 29.6%, and rose to
contribute 33.9% of the company's total revenue.
In the year 2008, Neusoft successfully completed its consolidated listing
and redefined its mission "To become a globally leading IT solutions &
services provider". Neusoft effectively expanded its sales systems, and
enhanced its overall capacities in open innovation, global delivery and
corporate management, which improved its operational quality and ensured
steady business growth.
In 2008, Neusoft passed the Capability Maturity Model Integration (V1.2)
Level 5 and People Capability Maturity Model ML3 certifications, authorized by
Software Engineering Institute (SEI), and became the first software company to
pass these appraisals in China. In addition, Neusoft was listed for the fifth
time among the 2009 Global Services 100 by the U.S.-based Global Services and
neoIT, and continued ranking No. 1 in the category of "Leaders: Emerging Asian
Markets" for three successive years since 2007. Moreover, Neusoft also made a
breakthrough in the two other categories of "Best Performers: IT Services" and
"Leaders: Human Capital Development".
In addressing this year's development, Mr. Wang Yongfeng, President of
Neusoft Corporation, said, "In 2009, the domestic and international markets
will be full of uncertainties and challenges. Under such a complex business
context, Neusoft has made active business strategies to accelerate the
progress of globalization and international markets expansion, consolidate and
enhance our predominant position in Japanese market, and further optimize
resource allocation in Europe and U.S. markets. Meanwhile, for the domestic
market, responding to opportunities brought by China's4 trillion Yuan
stimulus to boost domestic demand, we will pay close attention and follow-up
the IT demands from major industries, actively raise market shares, optimize
our business model, and input more in product development and service quality
based on the premise of continuing increase of our core competitiveness in
industry solutions, to maintain steady growth of businesses in the domestic
and international markets."
About Neusoft Corporation
Neusoft is a leading IT solutions & services company and the largest
offshore software and service outsourcing provider in China. Neusoft has set
up a large sales and services network in China, as well as subsidiaries in
Japan, USA and Europe, maintaining a total of more than 15,000 employees. For
more information about Neusoft, please visit: http://www.neusoft.com/en .
For more information, please contact:

Evelyn Tang
Senior PR Manager
Neusoft Corporation
Tel: +86-24-8366-5663
Email: tangyi@neusoft.com

SOURCE Neusoft Corporation

Evelyn Tang, Senior PR Manager of Neusoft Corporation, +86-24-8366-5663,
tangyi@neusoft.com