Oriental Energy Co.,Ltd.’s Net Profit Dropped 69.8% in First Quarter of 2022

Oriental Energy Co.,Ltd. (东华能源股份有限公司) (002221.SZ) reported a net profit of 112.6 million yuan in the first quarter of 2022, down 69.8% year-on-year.

Meanwhile, the company posted 7 billion yuan in revenue, down 4.2% year-on-year.

At the end of the reporting period, it had 35.3 billion yuan in total assets and 22.7 billion yuan in total liabilities, with a liability-to-asset ratio of 64.4%.