Founder Technology Group Co.,Ltd. Posted 20.5 Million Yuan Net Loss in First Quarter of 2023

Founder Technology Group Co.,Ltd. (方正科技集团股份有限公司) (600601.SH) reported a net loss of 20.5 million yuan in the first quarter of 2023, narrowing 84.2% year-on-year.

Meanwhile, the company posted 680.8 million yuan in revenue, down 30.5% year-on-year.

At the end of the reporting period, it had 5.2 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 33.6%.