Shandong Oriental Ocean Sci-Tech Co.,Ltd. Posted 10.7 Million Yuan Net Loss in First Quarter of 2022

Shandong Oriental Ocean Sci-Tech Co.,Ltd. (山东东方海洋科技股份有限公司) (002086.SZ) reported a net loss of 10.7 million yuan in the first quarter of 2022, narrowing 45.5% year-on-year.

Meanwhile, the company posted 110.3 million yuan in revenue, up 30.1% year-on-year.

At the end of the reporting period, it had 2.7 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 84.7%.