Shandong Oriental Ocean Sci-Tech Co.,Ltd. Posted 1.6 Billion Yuan Net Loss in 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 1.6 billion yuan in 2022, widening 57.4% year-on-year.

Meanwhile, the company posted 629.3 million yuan in revenue, up 61.8% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 3.2 billion yuan in total liabilities, with a liability-to-asset ratio of 157.6%.