Shandong Molong Petroleum Machinery Co.,Ltd. Posted 283.4 Million Yuan Net Loss in First Three Quarters 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 283.4 million yuan in the first three quarters of 2022, widening 249.9% year-on-year.

Meanwhile, the company posted 2.2 billion yuan in revenue, down 24.6% year-on-year.

At the end of the reporting period, it had 4.5 billion yuan in total assets and 3.4 billion yuan in total liabilities, with a liability-to-asset ratio of 76.2%.