Hangzhou Arcvideo Technology Co.,Ltd. Posted 98.5 Million Yuan Net Loss in 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 98.5 million yuan in 2022, reversing a net profit of 61.3 million yuan for the previous year.

Meanwhile, the company posted 331.4 million yuan in revenue, down 20.7% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 251.7 million yuan in total liabilities, with a liability-to-asset ratio of 15.5%.