Zhejiang Founder Motor Co.,Ltd. Posted 8 Million Yuan Net Loss in First Half of 2022

Zhejiang Founder Motor Co.,Ltd. (浙江方正电机股份有限公司) (002196.SZ) reported a net loss of 8 million yuan in the first half of 2022, narrowing 58.3% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 21.7% 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%.