Guangdong Kinlong Hardware Products Co.,Ltd.’s Net Profit Dropped 91% in 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 profit of 87 million yuan in 2022, down 91% year-on-year.

Meanwhile, the company posted 7.6 billion yuan in revenue, down 13.2% year-on-year.

At the end of the reporting period, it had 10.5 billion yuan in total assets and 5.5 billion yuan in total liabilities, with a liability-to-asset ratio of 52.4%.