Wuxi Autowell Technology Co.,Ltd.’s Net Profit Rose 86.4% in First Three Quarters 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 856.5 million yuan in the first three quarters of 2023, up 86.4% year-on-year.

Meanwhile, the company posted 4.2 billion yuan in revenue, up 76.7% year-on-year.

At the end of the reporting period, it had 14.4 billion yuan in total assets and 11 billion yuan in total liabilities, with a liability-to-asset ratio of 76.6%.