Suzhou Douson Drilling&Production Equipment Co.,Ltd. Posted 21.3 Million Yuan Net Loss in First Quarter of 2022

Suzhou Douson Drilling&Production Equipment Co.,Ltd. (苏州道森钻采设备股份有限公司) (603800.SH) reported a net loss of 21.3 million yuan in the first quarter of 2022, narrowing 22.9% year-on-year.

Meanwhile, the company posted 291.8 million yuan in revenue, up 68.4% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 55.5%.