Shandong Oriental Ocean Sci-Tech Co.,Ltd. Posted 14.9 Million Yuan Net Loss in First Three Quarters of 2022

Shandong Oriental Ocean Sci-Tech Co.,Ltd. (山东东方海洋科技股份有限公司) (002086.SZ) reported a net loss of 14.9 million yuan in the first three quarters of 2022, narrowing 77% year-on-year.

Meanwhile, the company posted 472.9 million yuan in revenue, up 78.8% year-on-year.

At the end of the reporting period, it had 2.8 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 85%.