Guangzhou Tech-Long Packaging Machinery Co.,Ltd. Posted 9.8 Million Yuan Net Loss in First Quarter of 2023

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 loss of 9.8 million yuan in the first quarter of 2023, reversing a net profit of 7.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 127.1 million yuan in revenue, down 41.4% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 68.2%.