Shanghai New Power Automotive Technology Company Limited Posted 922.1 Million Yuan Net Loss in First Half of 2023

Shanghai New Power Automotive Technology Company Limited (上海新动力汽车科技股份有限公司) (600841.SH) reported a net loss of 922.1 million yuan in the first half of 2023, widening 300.2% year-on-year.

Meanwhile, the company posted 4.5 billion yuan in revenue, down 21.9% year-on-year.

At the end of the reporting period, it had 19.4 billion yuan in total assets and 12.4 billion yuan in total liabilities, with a liability-to-asset ratio of 63.8%.