Guangzhou Tech-Long Packaging Machinery Co.,Ltd.’s Net Profit Dropped 34.1% in First Quarter of 2022

Guangzhou Tech-Long Packaging Machinery Co.,Ltd. (广州达意隆包装机械股份有限公司) (002209.SZ) reported a net profit of 7.2 million yuan in the first quarter of 2022, down 34.1% year-on-year.

Meanwhile, the company posted 216.9 million yuan in revenue, down 12.8% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 66.7%.