Hangzhou Prevail Optoelectronic Equipment Co.,Ltd. Posted 2.2 Million Yuan Net Profit in First Quarter of 2022

Hangzhou Prevail Optoelectronic Equipment Co.,Ltd. (杭州万隆光电设备股份有限公司) (300710.SZ) reported a net profit of 2.2 million yuan in the first quarter of 2022, reversing a net loss of 436,106 yuan for the same period in the previous year.

Meanwhile, the company posted 154.7 million yuan in revenue, down 9.3% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 374.7 million yuan in total liabilities, with a liability-to-asset ratio of 34.9%.