Wuxi Autowell Technology Co.,Ltd.’s Net Profit Rose 89.1% in 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 694.8 million yuan in 2022, up 89.1% year-on-year.

Meanwhile, the company posted 3.5 billion yuan in revenue, up 72.9% year-on-year.

At the end of the reporting period, it had 8.5 billion yuan in total assets and 5.9 billion yuan in total liabilities, with a liability-to-asset ratio of 69.6%.