Jiangsu Newamstar Packaging Machinery Co.,Ltd.’s Net Profit Dropped 38.7% in 2022

Jiangsu Newamstar Packaging Machinery Co.,Ltd. (江苏新美星包装机械股份有限公司) (300509.SZ) reported a net profit of 41.8 million yuan in 2022, down 38.7% year-on-year.

Meanwhile, the company posted 763.4 million yuan in revenue, up 7.5% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 63.4%.