Oriental Energy Co.,Ltd.’s Net Profit Dropped 41% in First Half of 2023

Oriental Energy Co.,Ltd. (东华能源股份有限公司) (002221.SZ) reported a net profit of 97.6 million yuan in the first half of 2023, down 41% year-on-year.

Meanwhile, the company posted 14.2 billion yuan in revenue, down 6.4% year-on-year.

At the end of the reporting period, it had 40.5 billion yuan in total assets and 28.3 billion yuan in total liabilities, with a liability-to-asset ratio of 69.8%.