Contemporary Amperex Technology Co.,Ltd.’s Net Profit Rose 122.1% in First Half 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 21.5 billion yuan in the first half of 2023, up 122.1% year-on-year.

Meanwhile, the company posted 189.2 billion yuan in revenue, up 67.5% year-on-year.

At the end of the reporting period, it had 641 billion yuan in total assets and 449.3 billion yuan in total liabilities, with a liability-to-asset ratio of 70.1%.