Guangzhou Tech-Long Packaging Machinery Co.,Ltd.’s Net Profit Dropped 6.9% in First Half 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 profit of 21.9 million yuan in the first half of 2023, down 6.9% year-on-year.

Meanwhile, the company posted 526.9 million yuan in revenue, down 3.8% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 68.2%.