Hangzhou Prevail Optoelectronic Equipment Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 26, 2021 at 04:14 pm
Share
Hangzhou Prevail Optoelectronic Equipment Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 170.573 million compared to CNY 77.406 million a year ago. Operating loss was CNY 1.198 million compared to CNY 4.619 million a year ago. Net loss was CNY 152,693.56 compared to CNY 4.241 million a year ago. Basic loss per share from continuing operations was CNY 0.0022 compared to CNY 0.0618 a year ago.
Hangzhou Prevail Optoelectronic Equipment Co Ltd is a company mainly engaged in research, development, production and sales of radio and television network equipment. The Company's primary products are cable television optical fiber transmission equipment and cable television cable transmission equipment, such as optical transmitters, optical receivers, amplifiers, branch distributors and radio frequency equipment. The Company is also involved in production of front-end system and data communication system products, including satellite receivers, network adapters, encoders and Ethernet over Coax (EOC) equipment. The Company's products are mainly used in the transmission network, optimization and upgrading, as well as broadband access in radio and television industry. The Company sells its products to both domestic and international markets, including Vietnam, Indonesia, Singapore, Turkey and Russia.