Shandong Molong Petroleum Machinery Co.,Ltd. Posted 183.2 Million Yuan Net Loss in First Half of 2022

Shandong Molong Petroleum Machinery Co.,Ltd. (山东墨龙石油机械股份有限公司) (002490.SZ) reported a net loss of 183.2 million yuan in the first half of 2022, widening 283.4% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 17.2% year-on-year.

At the end of the reporting period, it had 5 billion yuan in total assets and 3.9 billion yuan in total liabilities, with a liability-to-asset ratio of 76.7%.