Hangzhou Prevail Optoelectronic Equipment Co.,Ltd. Posted 7.3 Million Yuan Net Loss in First Half of 2023

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 7.3 million yuan in the first half of 2023, reversing a net profit of 6.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 171.7 million yuan in revenue, down 47% year-on-year.

At the end of the reporting period, it had 840.2 million yuan in total assets and 176.2 million yuan in total liabilities, with a liability-to-asset ratio of 21%.