Apr 04, 2023 08:00 AM

Shandong Molong Petroleum Machinery Co.,Ltd. Posted 448.9 Million Yuan Net Loss in 2022

By Caixin Automation

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 448.9 million yuan in 2022, widening 21.9% year-on-year.

Meanwhile, the company posted 2.8 billion yuan in revenue, down 25.9% year-on-year.

At the end of the reporting period, it had 4 billion yuan in total assets and 3.1 billion yuan in total liabilities, with a liability-to-asset ratio of 77.5%.

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