Shanghai Putailai New Energy Technology Co.,Ltd.’s Net Profit Dropped 4.8% in First Half of 2023

Shanghai Putailai New Energy Technology Co.,Ltd. (上海璞泰来新能源科技股份有限公司) (603659.SH) reported a net profit of 1.4 billion yuan in the first half of 2023, down 4.8% year-on-year.

Meanwhile, the company posted 7.8 billion yuan in revenue, up 13.2% year-on-year.

At the end of the reporting period, it had 39.3 billion yuan in total assets and 23.8 billion yuan in total liabilities, with a liability-to-asset ratio of 60.7%.