May 06, 2022 08:00 AM

Founder Technology Group Co.,Ltd. Posted 130 Million Yuan Net Loss in First Quarter of 2022

By Caixin Automation

Founder Technology Group Co.,Ltd. (方正科技集团股份有限公司) (600601.SH) reported a net loss of 130 million yuan in the first quarter of 2022, narrowing 2.2% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 4.5% year-on-year.

At the end of the reporting period, it had 8 billion yuan in total assets and 8.9 billion yuan in total liabilities, with a liability-to-asset ratio of 110.2%.

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