Hangzhou Prevail Optoelectronic Equipment Co.,Ltd.’s Net Profit Dropped 29.2% in First Half 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 6.7 million yuan in the first half of 2022, down 29.2% year-on-year.

Meanwhile, the company posted 324 million yuan in revenue, down 5.7% year-on-year.

At the end of the reporting period, it had 930.2 million yuan in total assets and 234.2 million yuan in total liabilities, with a liability-to-asset ratio of 25.2%.