Guangzhou Tech-Long Packaging Machinery Co.,Ltd. Posted 23.6 Million Yuan Net Profit in 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 23.6 million yuan in 2022, reversing a net loss of 50.9 million yuan for the previous year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 8% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 65.6%.