Oriental Energy Co.,Ltd.’s Net Profit Dropped 47.6% in First Quarter of 2023

Oriental Energy Co.,Ltd. (东华能源股份有限公司) (002221.SZ) reported a net profit of 59 million yuan in the first quarter of 2023, down 47.6% year-on-year.

Meanwhile, the company posted 7.2 billion yuan in revenue, up 2.5% year-on-year.

At the end of the reporting period, it had 41.1 billion yuan in total assets and 29 billion yuan in total liabilities, with a liability-to-asset ratio of 70.6%.