Founder Securities Co.,Ltd.’s Net Profit Dropped 48.3% in First Quarter of 2022

Founder Securities Co.,Ltd. (方正证券股份有限公司) (601901.SH) reported a net profit of 462.7 million yuan in the first quarter of 2022, down 48.3% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 18.6% year-on-year.

At the end of the reporting period, it had 173.9 billion yuan in total assets and 131.4 billion yuan in total liabilities, with a liability-to-asset ratio of 75.5%.