Hangzhou Arcvideo Technology Co.,Ltd. Posted 61 Million Yuan Net Loss in First Half 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 61 million yuan in the first half of 2023, widening 55.6% year-on-year.

Meanwhile, the company posted 106.9 million yuan in revenue, up 14.6% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 327.9 million yuan in total liabilities, with a liability-to-asset ratio of 19.7%.