Wuxi Autowell Technology Co.,Ltd.’s Net Profit Rose 77% in First Half 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 515 million yuan in the first half of 2023, up 77% year-on-year.

Meanwhile, the company posted 2.5 billion yuan in revenue, up 66.4% year-on-year.

At the end of the reporting period, it had 11.2 billion yuan in total assets and 8.4 billion yuan in total liabilities, with a liability-to-asset ratio of 74.9%.