Orient Group Incorporation Posted 219.5 Million Yuan Net Loss in First Three Quarters of 2022

Orient Group Incorporation (东方集团股份有限公司) (600811.SH) reported a net loss of 219.5 million yuan in the first three quarters of 2022, reversing a net profit of 257.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 10.3 billion yuan in revenue, down 2% year-on-year.

At the end of the reporting period, it had 43.7 billion yuan in total assets and 24.4 billion yuan in total liabilities, with a liability-to-asset ratio of 55.8%.