Hangzhou Arcvideo Technology Co.,Ltd. Posted 39.2 Million Yuan Net Loss in First Half 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 39.2 million yuan in the first half of 2022, reversing a net profit of 26.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 93.3 million yuan in revenue, down 34.1% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 300.5 million yuan in total liabilities, with a liability-to-asset ratio of 17.1%.