Hangzhou Arcvideo Technology Co.,Ltd. Posted 15 Million Yuan Net Loss in First Quarter of 2022

Hangzhou Arcvideo Technology Co.,Ltd. (杭州当虹科技股份有限公司) (688039.SH) reported a net loss of 15 million yuan in the first quarter of 2022, reversing a net profit of 1.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 68 million yuan in revenue, up 10.2% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 371.6 million yuan in total liabilities, with a liability-to-asset ratio of 19.7%.