Aotecar New Energy Technology Co.,Ltd. Posted 18.4 Million Yuan Net Loss in First Half of 2022

Aotecar New Energy Technology Co.,Ltd. (奥特佳新能源科技股份有限公司) (002239.SZ) reported a net loss of 18.4 million yuan in the first half of 2022, reversing a net profit of 45.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.9 billion yuan in revenue, up 14% year-on-year.

At the end of the reporting period, it had 10.7 billion yuan in total assets and 5.2 billion yuan in total liabilities, with a liability-to-asset ratio of 48.9%.