Shandong Molong Petroleum Machinery Co.,Ltd. Posted 254.7 Million Yuan Net Loss in First Three Quarters 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 254.7 million yuan in the first three quarters of 2023, narrowing 10.1% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 54.9% year-on-year.

At the end of the reporting period, it had 3.3 billion yuan in total assets and 2.6 billion yuan in total liabilities, with a liability-to-asset ratio of 80.1%.