Contemporary Amperex Technology Co.,Ltd.’s Net Profit Rose 410.3% in First Quarter of 2023

Contemporary Amperex Technology Co.,Ltd. (宁德时代新能源科技股份有限公司) (300750.SZ) reported a net profit of 10.1 billion yuan in the first quarter of 2023, up 410.3% year-on-year.

Meanwhile, the company posted 89 billion yuan in revenue, up 82.9% year-on-year.

At the end of the reporting period, it had 640.2 billion yuan in total assets and 431.5 billion yuan in total liabilities, with a liability-to-asset ratio of 67.4%.