Shandong Molong Petroleum Machinery Co.,Ltd. Posted 163.9 Million Yuan Net Loss in First Half of 2023

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 163.9 million yuan in the first half of 2023, narrowing 10.5% year-on-year.

Meanwhile, the company posted 798.4 million yuan in revenue, down 49.2% year-on-year.

At the end of the reporting period, it had 3.7 billion yuan in total assets and 3 billion yuan in total liabilities, with a liability-to-asset ratio of 79.9%.