Wuxi Autowell Technology Co.,Ltd.’s Net Profit Rose 113.1% in First Quarter of 2023

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 216.3 million yuan in the first quarter of 2023, up 113.1% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 66.3% year-on-year.

At the end of the reporting period, it had 9.5 billion yuan in total assets and 6.8 billion yuan in total liabilities, with a liability-to-asset ratio of 71.7%.