Hangzhou Prevail Optoelectronic Equipment Co., Ltd. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was CNY 519.49 million compared to CNY 721.28 million a year ago. Revenue was CNY 530.62 million compared to CNY 728.64 million a year ago.

Net loss was CNY 21.51 million compared to net income of CNY 31.38 million a year ago. Basic loss per share from continuing operations was CNY 0.2162 compared to basic earnings per share from continuing operations of CNY 0.3154 a year ago. Diluted loss per share from continuing operations was CNY 0.2162 compared to diluted earnings per share from continuing operations of CNY 0.3154 a year ago.