Shanghai New Power Automotive Technology Company Limited Posted 1.1 Billion Yuan Net Loss in First Three Quarters 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 1.1 billion yuan in the first three quarters of 2023, widening 79.4% year-on-year.

Meanwhile, the company posted 6.5 billion yuan in revenue, down 18% year-on-year.

At the end of the reporting period, it had 19.6 billion yuan in total assets and 12.7 billion yuan in total liabilities, with a liability-to-asset ratio of 64.7%.