87.15-91.76%! Autowell Technology Expects an Increase in Net Profit in 2022

PVTIME – Wuxi Autowell Technology Co., Ltd. (688516.SH), a well-known automation equipment manufacturer in the photovoltaic and lithium-ion battery industry, released its performance forecast with an expected increase of 87.15-91.76% for its net profit in 2022, on January 10, 2023.

According to the announcement, its net profit attributable to shareholders of listed companies in the year of 2022 is calculated to be 694 million to 711 million yuan, an year-on-year increase of 87.15%-91.76%.

Autowell stated that the main reason for the change in performance was its early strategic layout in the photovoltaic industry was gradually fulfilled in the reporting period during the rapid development of the new energy industry in 2022. There was a dramatically growth of its core products and orders, and the company achieved a year-on-year increase in sales and profit.