Oriental Energy Co.,Ltd.’s Net Profit Dropped 78% in First Half of 2022

Oriental Energy Co.,Ltd. (东华能源股份有限公司) (002221.SZ) reported a net profit of 165.3 million yuan in the first half of 2022, down 78% year-on-year.

Meanwhile, the company posted 15.2 billion yuan in revenue, up 6.5% year-on-year.

At the end of the reporting period, it had 37 billion yuan in total assets and 24.6 billion yuan in total liabilities, with a liability-to-asset ratio of 66.4%.