Septwolves planning a European R&D center, headquartered in Italy

According to several media reports recently, Septwolves is planning to set up a European R&D center in Italy.

The Q1 2023 financial report shows that the company's main operating income was 909 million yuan, a year-on-year increase of 2.75%, the net profit attributable to the parent company was 88.9743 million yuan, a year-on-year increase of 96.63%, and the net profit after deduction of non-recurring gains and losses was 65.79 million yuan, a year-on-year increase of 65.39%.