Hangzhou Arcvideo Technology Co.,Ltd. Posted 19.3 Million Yuan Net Loss in First Quarter of 2023

Hangzhou Arcvideo Technology Co.,Ltd. (杭州当虹科技股份有限公司) (688039.SH) reported a net loss of 19.3 million yuan in the first quarter of 2023, widening 28.8% year-on-year.

Meanwhile, the company posted 52 million yuan in revenue, down 23.6% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 279 million yuan in total liabilities, with a liability-to-asset ratio of 17.1%.