China Oilfield Services Limited’s Net Profit Rose 674.1% in 2022

China Oilfield Services Limited (中海油田服务股份有限公司) (601808.SH) reported a net profit of 2.5 billion yuan in 2022, up 674.1% year-on-year.

Meanwhile, the company posted 35.7 billion yuan in revenue, up 22.1% year-on-year.

At the end of the reporting period, it had 77.2 billion yuan in total assets and 37.3 billion yuan in total liabilities, with a liability-to-asset ratio of 48.3%.