Hangzhou Arcvideo Technology Co.,Ltd. Posted 42.2 Million Yuan Net Loss in First Three Quarters 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 42.2 million yuan in the first three quarters of 2022, reversing a net profit of 13.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 253.2 million yuan in revenue, up 31.9% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 249 million yuan in total liabilities, with a liability-to-asset ratio of 14.9%.