Orient Group Incorporation Posted 41.5 Million Yuan Net Loss in First Half of 2022

Orient Group Incorporation (东方集团股份有限公司) (600811.SH) reported a net loss of 41.5 million yuan in the first half of 2022, reversing a net profit of 258.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 6 billion yuan in revenue, down 12.3% year-on-year.

At the end of the reporting period, it had 45 billion yuan in total assets and 25.5 billion yuan in total liabilities, with a liability-to-asset ratio of 56.7%.