Wuxi Autowell Technology Co.,Ltd.’s Net Profit Rose 105.8% in First Three Quarters of 2022

Wuxi Autowell Technology Co.,Ltd. (无锡奥特维科技股份有限公司) (688516.SH) reported a net profit of 459.5 million yuan in the first three quarters of 2022, up 105.8% year-on-year.

Meanwhile, the company posted 2.4 billion yuan in revenue, up 68% year-on-year.

At the end of the reporting period, it had 7.4 billion yuan in total assets and 5.1 billion yuan in total liabilities, with a liability-to-asset ratio of 68.7%.