Guangdong Kinlong Hardware Products Co.,Ltd. Posted 81.5 Million Yuan Net Loss in First Half of 2022

Guangdong Kinlong Hardware Products Co.,Ltd. (广东坚朗五金制品股份有限公司) (002791.SZ) reported a net loss of 81.5 million yuan in the first half of 2022, reversing a net profit of 391.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.2 billion yuan in revenue, down 6.8% year-on-year.

At the end of the reporting period, it had 9.8 billion yuan in total assets and 4.9 billion yuan in total liabilities, with a liability-to-asset ratio of 50.6%.