Zhejiang Founder Motor Co.,Ltd.’s Net Profit Rose 577.3% in First Quarter of 2022

Zhejiang Founder Motor Co.,Ltd. (浙江方正电机股份有限公司) (002196.SZ) reported a net profit of 5.8 million yuan in the first quarter of 2022, up 577.3% year-on-year.

Meanwhile, the company posted 570.8 million yuan in revenue, up 38% year-on-year.

At the end of the reporting period, it had 3.3 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 53.5%.