Yantai Jereh Oilfield Services Group Co.,Ltd.’s Net Profit Dropped 22.5% in First Quarter of 2022

Yantai Jereh Oilfield Services Group Co.,Ltd. (烟台杰瑞石油服务集团股份有限公司) (002353.SZ) reported a net profit of 218.4 million yuan in the first quarter of 2022, down 22.5% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, up 27.3% year-on-year.

At the end of the reporting period, it had 20.8 billion yuan in total assets and 7.2 billion yuan in total liabilities, with a liability-to-asset ratio of 34.6%.