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Neusoft
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Neusoft Corporation is a Chinese multinational provider of software engineering services, Information Technology services, product engineering services, IT education and medical equipment headquartered in Shenyang, China.
Key Information
"Neusoft" is an acronym of Northeastern University Software.[citation needed]
The company was founded in 1991 and, as of 2023, is the largest China-based company providing IT services[4] and, as of 2012, the largest software outsourcing firm in China.[5] Neusoft has subsidiaries in United States (Livonia, Michigan, Santa Clara, California, Morrisville, North Carolina), Japan (Tokyo), Switzerland (Appenzell), Germany (Hamburg, Munich) and Romania (Cluj-Napoca).
History
[edit]
Neusoft was founded by Northeastern University professors Liu Jiren and Li Huatian in 1988 as the Computer Software and Network Engineering Research Laboratory of Northeastern University.[6] It had an initial allocation of three people, three computers, and capital of RMB 30,000.[7]
In 1990 it became the NEU Computer Software Research and Development Centre.[6] It was incorporated in 1991.[7] They had a collaboration with Alpine Electronics of Japan and the venture was called Neu-Alpine Software Research Institute.[6] Through technical export and software outsourcing, this made Alpine their first international customer. The entity then became the Neu-Alpine Software Co. Ltd in 1993.[6] As CEO, Liu Jiren led the company in these developments.[4]
The first stages of construction of Neusoft Park began in 1995; around the same time, Neusoft incorporated the NEU Computer Imaging Centre and began to investigate CT scanning and related medical technologies.[6] The NEU Software Group Ltd. was founded in 1996; one of its early collaborations was with Toshiba.[6] In 1996, Neusoft became the first listed software company in China, with an offering on the Shanghai Stock Exchange.[7] A partnership with Bao Steel in 1998 broadened the firm's investor base.[7]
In 2003 there was a consolidation of investments as part of which Alpine Electronics, Toshiba, Bao Steel, and other investors became shareholders of Neusoft Group.[6] By 2004, Neusoft had some 6,000 employees across 40 offices around China and the world with sales of RMB 2.4 billion.[6]
By 2009 it was known as China's largest software outsourcing company.[8] It was however still well behind Indian giants in the sector such as Tata Group and Infosys.[8] By 2010 it had revenues of $540 million across a base of 15,000 employees, with some 8,000 corporate entities as customers.[9] Historically most of their customers are in China and Japan.[9]
By 2015, Neusoft said it had a staff of over 20,000, with six software bases, eight regional centres, and a presence in over forty cities throughout China.[3]
Operations
[edit]
Neusoft is categorized into five main businesses: IT services, software products, medical equipment, IT education, software and services.
Software and services
[edit]
Neusoft offers a wide range of services, including Engineering Services, On-demand Services, Business Process Outsourcing (BPO), as well as IT Education and Training. Engineering Services provides global customers with full-life cycle services for Application Development and Maintenance, Enterprise resource planning consulting and implementation, IT Infrastructure Services, Software Globalization and Localization, Professional Testing & Performance Engineering.
Regarding On-demand Services, Neusoft offers Telemedicine, which is tele-consultation services and medical products, and Xikang, is an integrated all-life-cycle healthcare service platform.
Neusoft's business process outsourcing services include Contact Center Service, Finance & Accounting Outsourcing, human resource outsourcing, Web Content Management, and IT Support.
In 2007 Neusoft was granted ISO/IEC 27001 certification and thus became the first company to be so certified in China for both software outsourcing and business process outsourcing.[10]
Medical equipment
[edit]Neusoft's technology accumulation and R&D experience in the fields of embedded software, image reconstruction, and data processing has provided technical support to Neusoft and its partners in its development of medical equipment. These include over 40 types of medical products in eight categories: CT scanner, MRI, X-ray, Ultrasound, Laser Imager, Clinical Lab Equipment, Holter monitor, and related Consumables.
The company's e-Hospital technology incorporates hospital information system, Picture Archiving and Communication System, and telemedicine systems.
IT Education
[edit]Neusoft operates four IT Education and Training institutes in Shenyang, Dalian, Chengdu, and Nanhai. The four industrial development bases and service platforms are collectively known as Neusoft Parks or Neusoft Institutes of Information.
The main university campus (where the company was founded) is Northeastern University Biomedical and Information Engineering School in Shenyang.
List of Neusoft educational institutes:
- Dalian Neusoft University of Information
- Chengdu Neusoft University
- Neusoft Institute Guangdong
International partnerships
[edit]
Neusoft's partners in the United States include: Boeing, Cisco, EMC Corporation, HP, Hewitt Associates, Dell, IBM, Intel, Microsoft, Motorola, Oracle Database, and Symantec.[11]
Among Neusoft's partnerships in Japan are: Alpine Electronics, Fujitsu, Hitachi, Itochu, NEC, Panasonic, Sony, and Toshiba.[11]
European partners include: Nokia Siemens Networks, SAP AG, Philips and Sony Ericsson.[11]
Industry recognition
[edit]- In 2009 Neusoft was named to Global Services Media's "Global Services 100", and placed in the top ten of "Best Performers: IT Services" and "Leaders: Human Capital Development".[12]
See also
[edit]
References
[edit]- ^ a b "Key Financial Data". Neusoft Group. Retrieved 14 August 2013.
- ^ "Key Financial Data". Neusoft Group. Archived from the original on 31 May 2012. Retrieved 17 April 2012.
- ^ a b "Company Profile". Neusoft Group. Archived from the original on 27 May 2015. Retrieved 27 May 2015.
- ^ a b Tan, Yinglan (2011). Chinnovation: How Chinese Innovators are Changing the World. John Wiley and Sons. pp. 190–193. ISBN 978-0-470-82797-0.
- ^ "Neusoft Continued Top Ranking in China Outsourcing" (Press release). PR Newswire. August 14, 2013. Actual report is here.
- ^ a b c d e f g h Sigurdson, Jon (2008). "Ningbo and Dalian: Patterns of Science and Technology Development". In Thomson, Elspeth; Sigurdson, Jon (eds.). China's Science and Technology Sector and the Forces of Globalisation. World Scientific. pp. 163–164. ISBN 978-981-277-100-1.
- ^ a b c d Petti, Claudio, ed. (2012). Technological Entrepreneurship in China: How Does it Work?. Edward Elgar Publishing. pp. 74–83. ISBN 978-0-85793-899-2.
- ^ a b Subler, Jason (January 30, 2009). "China's Neusoft sees profits up 20 pct in 2009". Reuters.
- ^ a b Fannin, Rebecca (19 March 2010). "China: $1 Billion And Ambition". Forbes.
- ^ "ISO27001 Certification For Neusoft's Software Outsourcing". China Tech News. January 18, 2007.
- ^ a b c "Partner Alliance". Neusoft Group. Retrieved 27 May 2015.
- ^ "Global Services 100: Category Winners". Global Services Media. February 27, 2009. Archived from the original on 7 January 2010.
External links
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Neusoft
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History
Founding and Early Development
Neusoft traces its origins to 1988, when it was established as a research laboratory at Northeastern University in Shenyang, China, by professors Liu Jiren and Li Huatian. The lab, known as the Computer Software and Network Engineering Research Laboratory, began operations with a modest setup of three people, three computers, and an initial capital of RMB 30,000, funded through university resources to support advanced research in software and networking technologies. Liu Jiren, who held China's first doctorate in computer applications, led the initiative to bridge academic research with practical innovation, addressing the need for better funding and facilities amid China's emerging economic reforms. This humble beginning marked Neusoft's evolution from an academic endeavor into a commercial entity focused on software development.[6][1] In 1991, the laboratory transitioned into a formal company through a joint venture with Japan's Alpine Electronics, incorporating as Shenyang Neu-Alpine Software Co., Ltd. This partnership provided critical technological and financial support, enabling the development of specialized software solutions and marking Neusoft's entry into the commercial market. The collaboration emphasized software for automotive electronics, aligning with Alpine's expertise in car navigation and audio systems, and positioned Neusoft as China's first high-tech software enterprise dedicated to such applications. Early projects involved creating embedded software for vehicle systems, which helped establish a foothold in the domestic market during a period of limited software infrastructure in China. In 2001, the company changed its name from Shenyang Neu-Alpine Software Co., Ltd. to Neusoft Corporation to reflect its growth and academic roots.[7][1][8][9] The name "Neusoft" originated as an acronym for "Northeastern University Software," reflecting its academic roots and focus on software engineering. This branding underscored the company's progression from a university-based lab to a independent commercial operation, while retaining ties to Northeastern University for talent and research. By prioritizing software innovation over hardware, Neusoft laid the groundwork for its role in China's burgeoning IT sector, evolving through strategic international alliances that enhanced its technical capabilities and market entry.[1]Expansion and Listing
Following its incorporation, Neusoft experienced rapid expansion, marked by its public listing on the Shanghai Stock Exchange on June 18, 1996, under stock code 600718, making it the first software company in China to achieve this milestone.[10][1] This listing provided capital for scaling operations and positioned Neusoft as a pioneer in China's emerging software sector, enabling investments in research, development, and market penetration. By 2004, Neusoft had grown to approximately 6,000 employees and generated revenues of around RMB 2.2 billion, reflecting its early success in software development and outsourcing services.[11] This period saw the company establishing a presence across multiple offices in China and internationally, leveraging partnerships to diversify into embedded software and IT solutions. Continued momentum led to revenues of $540 million and a workforce of 15,000 employees by 2010, with the company serving over 8,000 corporate clients primarily through outsourcing contracts.[12] By 2012, revenues had reached RMB 6.96 billion, underscoring Neusoft's transformation into a scaled enterprise amid China's booming IT demand.[13] Neusoft's growth solidified its leadership in the industry, earning recognition as China's largest software outsourcing firm by 2009, driven by its offshore capabilities and CMMI Level 5 certification.[12] By 2012, it was designated as the top IT services provider in China, topping national rankings for integration of informatization and industrialization.[14] The company's domestic footprint expanded significantly, reaching over 40 cities in China by 2015, supported by six software bases and eight regional centers, while its employee base surpassed 20,000. This geographic spread facilitated broader service delivery in software outsourcing, healthcare IT, and enterprise solutions, establishing Neusoft as a dominant player in China's software industry up to the early 2010s.Modern Era and Digital Transformation
Since the mid-2010s, Neusoft has undergone a strategic pivot toward digital transformation, emphasizing artificial intelligence (AI), big data analytics, and intelligent industries to align with China's evolving technology landscape. This shift involved establishing specialized research institutes, such as the Intelligent Medical Research Institute in 2017 to develop data-driven healthcare solutions and the AI Magic Technology Research Institute in 2020 focused on AI and large language model system engineering. By integrating these technologies, Neusoft expanded its offerings in areas like intelligent vehicle connectivity, smart cities, and enterprise digitalization, building on its software expertise to address demands from social and industrial transformations.[1] In 2024 and 2025, Neusoft accelerated its innovations with key launches in AI-powered mobility and healthcare. At Auto Shanghai 2025 in April, the company unveiled three core product portfolios, including the A³ Cockpit-Driving-Parking Platform, which integrates cockpit functions, instrument clusters, driving assistance, and parking capabilities on a single chip to reduce hardware costs and enable faster software iterations via an AI toolchain supporting highway assist and home-zone parking. Additionally, in August 2025, Neusoft Medical Systems introduced the NeuViz P10, China's first photon-counting CT scanner approved by the National Medical Products Administration (NMPA), featuring an 8-cm detector for enhanced imaging clarity, lower radiation doses, and improved early disease detection through integrated platforms like NeuPhoton Counting and Photon Intelligence.[15][16] Neusoft's expansion into smart city and healthcare digital ecosystems has been marked by global showcases emphasizing consumer-centric innovations. At IAA MOBILITY 2025 in September, Neusoft highlighted products like the OneCoreGo® 6.0 platform, which combines mapping, visual enhancements, payment solutions, and AI interactions for intelligent mobility, alongside the NAGIC Cockpit Software Platform and One Sight AR-HUD for safer driving experiences, drawing from over 30 years of R&D with 6,000+ automotive engineers. These efforts underscore Neusoft's role in fostering interconnected digital ecosystems that blend urban development, health informatics, and mobility services.[17] This globalization strategy earned Neusoft recognition in the 2025 Forbes China Go-International Series Top 30, particularly for its AI advancements and international expansion through subsidiary Neusoft Cloud Technology, which supports digital services across borders. The selection highlights Neusoft's contributions to innovative, outward-facing technologies amid the third year of the series.[18]Corporate Overview
Leadership and Governance
Neusoft Corporation's leadership is headed by a board of directors and an executive team that steer its strategic focus on information technology innovation and global operations. As a publicly listed entity on the Shanghai Stock Exchange (SSE: 600718), the company maintains a governance framework with established board committees, including audit, compensation, and nomination, to ensure regulatory compliance, risk management, and alignment with shareholder interests.[19] As of November 2025, Rong Xinjie serves as Chairman and Chief Executive Officer, having assumed these roles in April 2025 following his tenure as Vice Chairman from May 2023 and Chief Strategy Officer from April 2023. A Ph.D. holder in computer science and an associate professor, Rong joined Neusoft in 1993 and has contributed significantly to software systems development and corporate strategy, guiding the firm's emphasis on digital transformation and open innovation.[20][21] Liu Jiren holds the position of Honorary Chairman, a role reflecting his foundational influence on the company. Born in 1955, Liu earned a Ph.D. in computer applications—the first in China in this field—and served as a professor and former Vice President at Northeastern University, where he initiated the software center that evolved into Neusoft in 1991. His vision has been central to the company's long-term pursuit of IT innovation, including early developments in software engineering.[21][22][1] Wang Jingxi acts as Vice Chairman and Senior Vice President, overseeing human resources and administrative functions since May 2025. With a Ph.D. in the philosophy of science and technology, he joined Neusoft in 1999 and has supported organizational growth through talent management and operational efficiency.[20] The executive structure includes rotating CEOs to distribute leadership across key divisions; Xu Hongli currently fills this role since April 2025, leveraging his 1996 entry into the company and expertise in government relations and software solutions. Additionally, Zhang Xiao’ou serves as Co-President and Chief Financial Officer since April 2025, managing financial strategy and operations for international subsidiaries like Neusoft Japan. The board's oversight extends to strategic priorities such as global expansion and digital transformation, underpinning Neusoft's "Beyond Technology" philosophy.[20][23]Global Presence and Subsidiaries
Neusoft Corporation maintains its headquarters in Shenyang, China, at Neusoft Park, No. 2 Xinxiu Street, Hunnan District, while being listed on the Shanghai Stock Exchange (SSE: 600718). The company operates with a significant domestic footprint in China, featuring six regional headquarters and a marketing and service network spanning over 60 cities. Internationally, Neusoft has established subsidiaries in key markets to support its global IT solutions and services. Neusoft's subsidiaries include operations in Malaysia; the United States, with offices in Cary, North Carolina (serving as the Americas headquarters), and Livonia, Michigan; Japan, based in Tokyo; and in Europe, including Hamburg, Germany, Appenzell, Switzerland, and Cluj-Napoca, Romania. These locations facilitate specialized R&D and service delivery, such as automotive software development in Japan and IT outsourcing and business process services in the United States. As of 2025, Neusoft employs approximately 18,000 people worldwide, with key operational hubs concentrated in Asia (primarily China), Europe, and North America to drive its international expansion. The company's international presence began expanding post-2000, with subsidiaries established to tap into global markets for software and IT services. In recent years, Neusoft has intensified efforts in emerging regions, including a 2025 focus on Central Asia through participation in major healthcare exhibitions like the Tashkent International Healthcare Exhibition (TIHE) in Uzbekistan and the Kazakhstan International Healthcare Exhibition (KIHE), showcasing medical imaging solutions and fostering regional partnerships. This strategic outreach complements its established hubs, enhancing Neusoft's role as a provider of technology solutions across continents.Business Operations
Software and IT Services
Neusoft's software and IT services division forms the backbone of its operations, providing end-to-end solutions in software engineering, business process outsourcing (BPO), and on-demand services to support enterprise digital transformation.[24] These offerings emphasize product innovation, enhanced customer experiences, and operational efficiency across sectors such as finance, manufacturing, public utilities, and media.[24] With over 30 years of experience, Neusoft delivers scalable software development, including upstream design, testing, and integration, where approximately 75% of efforts focus on design phases to accelerate time-to-market.[24] A key component is Neusoft's BPO services, which include on-site and remote support like helpdesk, application maintenance, and network management, serving more than 62 long-term partners primarily in Japan.[24] On-demand services extend to specialized platforms, such as the Xikang platform, which enables telemedicine and integrated healthcare management as part of broader IT outsourcing.[25] For digital transformation, Neusoft offers enterprise solutions like product lifecycle management (PLM/PDM), customer relationship management (CRM), and data integration platforms that facilitate AI adoption and business growth.[24] These services are backed by robust certifications, including CMMI Level 5 for process maturity since 2002 and ISO/IEC 27001 for information security management since 2007, ensuring high-quality outsourcing in software development and BPO.[26][27] In product engineering, Neusoft specializes in custom solutions for manufacturing and automation, including logistics systems and embedded software, leveraging tools like SQL generation and web developer suites for efficient delivery.[24] The company has historically led in outsourcing, establishing key partnerships by 2009 to expand its global software business.[24] Recent advancements include AI-powered platforms for enterprise application performance management, providing comprehensive monitoring across IT stacks to boost efficiency.[28] As of 2025, Neusoft continues to showcase these AI-integrated tools at international forums, such as Japan IT Week and GITEX Global, highlighting generative AI for digital transformation and operational optimization in enterprise settings.[29][30] This focus positions Neusoft as a key provider of intelligent IT services, emphasizing data-driven platforms like the Data Middle Platform for enhanced decision-making.[31]Healthcare and Medical Solutions
Neusoft Medical Systems, a key subsidiary of Neusoft Corporation, develops and manufactures a wide range of medical imaging equipment, encompassing computed tomography (CT) scanners, magnetic resonance imaging (MRI) systems, digital subtraction angiography (DSA) systems, X-ray systems, positron emission tomography/computed tomography (PET/CT) systems, and ultrasound (US) systems.[32][33] This portfolio supports diagnostic needs across various clinical applications, with notable examples including the NeuViz Epoch CT for high-resolution imaging and the NeuMR Universal 3.0T MRI featuring dual-energy gradient technology for enhanced tissue differentiation.[32][34] In August 2025, Neusoft launched the NeuViz P10, China's first photon-counting CT system approved by the National Medical Products Administration (NMPA), which utilizes a cadmium zinc telluride (CZT) detector for direct X-ray photon conversion, improving image quality and reducing radiation dose.[35][36] Complementing its hardware offerings, Neusoft provides health information technology (IT) solutions, including telemedicine platforms and AI-powered diagnostic tools integrated with imaging systems. The Xikang platform, developed by Neusoft Xikang, functions as a cloud-based healthcare management system offering integrated services for health monitoring, consultation, and data analytics, supporting remote care and all-life-cycle health management.[37] At the Radiological Society of North America (RSNA) 2024 annual meeting, Neusoft showcased AI-enhanced imaging solutions, such as intelligent algorithms for automated lesion detection and workflow optimization in CT and MRI scans, aimed at improving diagnostic accuracy and efficiency.[38] These IT solutions leverage artificial intelligence to process medical data, enabling predictive diagnostics and seamless integration with Neusoft's hardware for comprehensive clinical support. Neusoft has expanded its healthcare solutions internationally, particularly in emerging markets. In 2025, the company participated in the Tashkent International Healthcare Exhibition (TIHE) and Kazakhstan International Healthcare Exhibition (KIHE), presenting advanced imaging technologies tailored for Central Asian healthcare providers to address regional diagnostic challenges and enhance accessibility.[16] Following the 7.9-magnitude earthquake in Myanmar on March 28, 2025, which impacted northern Thailand, Neusoft's Thailand subsidiary deployed an emergency response team to maintain imaging service continuity at affected hospitals, ensuring uninterrupted CT and MRI operations through rapid technical support and equipment stabilization.[39] As a prominent player in China's medical equipment sector, Neusoft holds significant market share in medical imaging information systems and has established a strong position through innovative domestic approvals and cost-effective solutions.[40] Its products are exported to over 90 countries and regions worldwide, serving more than 5,000 clients and contributing to global healthcare infrastructure development.[41][42]Intelligent Mobility and Smart Cities
Neusoft Corporation has established itself as a key player in intelligent mobility by developing AI-powered solutions that integrate advanced software and hardware for automotive applications, enhancing vehicle connectivity and user interaction. The company's offerings in this domain emphasize seamless integration of cockpit systems, advanced driver-assistance features, and in-vehicle intelligence to support the transition to software-defined vehicles (SDVs). Complementing these efforts, Neusoft's smart city initiatives leverage cloud-based platforms to optimize urban infrastructure and governance, aligning with global trends in digital transformation.[43] In April 2025, at Auto Shanghai, Neusoft launched three core product portfolios for AI-powered intelligent mobility: the A³ Cockpit-Driving-Parking Platform, the NeuMind Empowerment System, and OneCoreGo® Global In-Vehicle Intelligent Mobility Solutions 6.0. The A³ Platform utilizes a single-chip architecture to consolidate cockpit displays, instrument clusters, driving assistance, and parking functions, thereby reducing hardware complexity and costs while enabling high-way assist (HWA) and high-parking assist (HPA) capabilities through a self-developed AI toolchain.[15] The NeuMind system functions as an AI "brain" that connects cockpits, advanced driver-assistance systems (ADAS), and connectivity modules, supporting over-the-air (OTA) updates and personalized user experiences for global deployment.[15] Meanwhile, OneCoreGo® 6.0 incorporates modules like One Pay for seamless payments, One Mate for AI-driven interactions, and enhanced navigation with augmented reality (AR), transforming vehicles into intelligent mobile agents.[15] These solutions were further showcased at major international events in 2025. At Automotive World in Tokyo in January, Neusoft highlighted the NAGIC Intelligent Cockpit Software Platform, which delivers cost-effective, high-performance functions including advanced vehicle monitoring (AVM) and driver monitoring systems (DMS), alongside updates to OneCoreGo® 5.0 and intelligent communication products tailored for diverse markets.[44] In September, at IAA MOBILITY in Munich, the company presented OneCoreGo® 6.0 and NAGIC in greater detail, emphasizing their role in accelerating SDV adoption through agile development and support for domains such as central driving computers (CDC) and user experience (UX/UI).[17] A standout feature was One Sight, an AR-for-car solution with patented algorithms and a high-performance graphics engine, designed to boost driving safety and immersion via heads-up displays (HUDs).[17] Neusoft's smart city solutions center on a "people-oriented, cloud-empowered" model that integrates information technology with urban ecosystems to address governance challenges and promote sustainable development. These platforms facilitate urban digital management by combining connectivity infrastructures with data engines, enabling real-time optimization in areas like transportation, environmental protection, and public services. For instance, Neusoft's smart transportation tools have been deployed across public transit systems in China, supporting efficient traffic flow and resource allocation through cloud-based analytics.[45] Key innovations in Neusoft's portfolio prioritize consumer experience enhancements, such as intuitive AI interactions and immersive AR interfaces that make mobility more accessible and engaging. The NAGIC platform, for example, supports flexible deployment on low-cost chips while maintaining high-end performance, allowing automakers to customize solutions for entry-level to premium vehicles. These advancements build on Neusoft's over 30 years of automotive R&D, with products integrated into more than 1,800 vehicle models worldwide.[17] Since 2024, Neusoft has intensified its AI-driven globalization in transportation through a comprehensive strategy that embeds artificial intelligence into intelligent vehicle connectivity and related services. Announced in March 2024, this approach focuses on "AI+" empowerment, data-value extraction, and service-oriented models to drive industrial transformation, with organizational restructuring to enhance global efficiency and customer-centric delivery. The strategy supports Neusoft's expansion into international markets, evidenced by partnerships like the May 2024 memorandum of understanding with ACCESS for in-vehicle mobility solutions, enabling OEMs to offer enhanced global user experiences.[43]Education and Training Services
Neusoft Education Technology, now operating as Neutech Group Limited following a rebranding in January 2025, manages a network of institutes dedicated to IT education and workforce development in China. These include primary locations in Dalian (Liaoning Province), Chengdu (Sichuan Province), and Foshan (Guangdong Province, encompassing the Nanhai area), where programs emphasize practical training in software engineering and core IT skills such as programming, data management, and systems integration.[46][47] The Shenyang facility, historically part of Neusoft's early education efforts, supports ongoing talent pipelines through integrated programs aligned with the group's broader industrial focus.[1] The group's educational offerings are structured around industry-aligned curricula, including bachelor’s and associate degrees in computer science, software engineering, and emerging technologies. Programs incorporate Capability Maturity Model Integration (CMMI) principles at Level 3, certified in 2023, to ensure standardized processes for human capital development, with a strong emphasis on project-based learning that mirrors real-world software development cycles.[46] Specialized courses in AI and digital transformation cover topics like machine learning algorithms, big data analytics, and cloud computing applications, preparing students for roles in intelligent systems and enterprise digitization. These initiatives foster skills in areas such as AI model integration and digital workflow optimization, drawing from Neusoft's proprietary technologies.[48][46] Neusoft Education Technology collaborates with over 700 undergraduate and vocational institutions across China, including more than 30 "Double First-Class" universities and 60 "Double High Plan" vocational schools, to deliver joint programs and facilitate student placements. This network supports an annual intake exceeding 17,000 new students, contributing to a total enrollment of nearly 58,000 full-time students across its universities as of late 2024.[46][49] The scale of these efforts has produced over 162,000 graduates since inception, many of whom enter Neusoft's workforce or partner industries. In 2009, Neusoft's education arm was recognized in the Global Services 100 list and ranked among the top 10 for best performers in IT services, highlighting its excellence in human capital development for the outsourcing sector.[50] In 2025, Neutech has integrated advanced AI training modules into its core curriculum, partnering with WorldSkills International to co-develop resources for global youth skills in cutting-edge technologies like AI and industrial automation. These modules target workforce readiness in digital economies, with initiatives extending to regions such as Africa and Southeast Asia through online platforms and joint workshops, aiming to upskill thousands in AI-driven applications for sustainable development.[51][52]Financial Performance
Revenue Trends and Growth
Neusoft Corporation's revenue demonstrated steady growth in the early 2010s, reaching RMB 4.937 billion in 2010, increasing to RMB 5.751 billion in 2011 (a 16.5% year-over-year rise), and further to RMB 6.960 billion in 2012 (a 21.0% year-over-year increase).[53] This period reflected the company's expansion in software services and IT solutions amid China's burgeoning tech sector.[1] Following a period of moderate expansion, Neusoft's revenue accelerated post-2020, driven by strategic investments in high-growth areas. By 2024, annual revenue reached RMB 11.56 billion, marking a 9.64% year-over-year growth from RMB 10.54 billion in 2023.[54] As of September 2025, the trailing twelve-month (TTM) revenue stood at approximately RMB 12.16 billion (equivalent to about $1.69 billion at prevailing exchange rates).[54] The 9.64% annual growth in 2024 highlighted resilience in core operations despite global economic challenges.[55] Key growth drivers since 2020 include Neusoft's deepened focus on artificial intelligence (AI) integration, particularly through frameworks like "Rongzhi" that embed AI models into industry applications, alongside expansions in healthcare solutions such as medical imaging and digital health platforms.[56] Enhanced global services, including offshore software development and partnerships in intelligent mobility, have also contributed significantly, with international revenue streams bolstering domestic gains.[1] These initiatives have positioned Neusoft to capitalize on demand for intelligent industries, with AI and healthcare segments showing double-digit contributions to revenue uplift.[57] Looking ahead, Neusoft's 2025 quarterly reports indicate a continued upward trajectory, with revenue for the first nine months reaching RMB 7.491 billion, an 8.7% increase from RMB 6.891 billion in the same period of 2024.[58] This performance, particularly in AI-driven healthcare and smart city projects, suggests full-year revenue could exceed 2024 levels, supported by ongoing commercialization of intelligent solutions. However, TTM net income as of September 2025 stood at -RMB 38.23 million, reflecting a Q3 loss.[59]| Year | Revenue (RMB billion) | YoY Growth (%) |
|---|---|---|
| 2010 | 4.94 | 16.5 |
| 2011 | 5.75 | 16.5 |
| 2012 | 6.96 | 21.0 |
| 2023 | 10.54 | 11.4 |
| 2024 | 11.56 | 9.6 |