Landocean Energy Services Co.,Ltd. Posted 36.1 Million Yuan Net Loss in First Quarter of 2023

Landocean Energy Services Co.,Ltd. (恒泰艾普集团股份有限公司) (300157.SZ) reported a net loss of 36.1 million yuan in the first quarter of 2023, narrowing 24.8% year-on-year.

Meanwhile, the company posted 204.9 million yuan in revenue, up 217.2% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 85.3%.