Wuxi Autowell Technology Co., Ltd. (688516.SH) reported a net profit of 1.314 billion yuan in 2024, an increase of 4.64% year-on-year.

Wuxi Autowell Technology Co., Ltd. (688516.SH) released its 2024 annual performance report. In 2024, the company achieved operating income of 8.947 billion yuan, a year-on-year increase of 41.96%; and net profit attributable to the owners of the parent company of 1.314 billion yuan, a year-on-year increase of 4.64%. In 2024, the photovoltaic industry continued to undergo deep adjustments, facing issues such as significant price declines and overcapacity, with overall profitability levels under pressure across various links in the industry chain, and some customers experiencing losses. The company persisted in technological innovation, relied on the advantages of its core products, strengthened cost control measures, and achieved good performance in 2024.