Hangzhou Prevail Optoelectronic Equipment Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 84.76 million compared to CNY 154.66 million a year ago. Revenue was CNY 84.76 million compared to CNY 154.66 million a year ago.

Net loss was CNY 0.806977 million compared to net income of CNY 0.254145 million a year ago. Basic loss per share from continuing operations was CNY 0.0081 compared to basic earnings per share from continuing operations of CNY 0.0026 a year ago. Diluted loss per share from continuing operations was CNY 0.0081 compared to diluted earnings per share from continuing operations of CNY 0.0026 a year ago.