Hangzhou Prevail Optoelectronic Equipment Co.,Ltd. Posted 15.5 Million Yuan Net Loss in 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 loss of 15.5 million yuan in 2022, reversing a net profit of 30.5 million yuan for the previous year.

Meanwhile, the company posted 530.6 million yuan in revenue, down 27.2% year-on-year.

At the end of the reporting period, it had 887.5 million yuan in total assets and 216.2 million yuan in total liabilities, with a liability-to-asset ratio of 24.4%.