Zhejiang Founder Motor Co.,Ltd. Posted 325.7 Million Yuan Net Loss in 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 325.7 million yuan in 2022, reversing a net profit of 270,052 yuan for the previous year.

Meanwhile, the company posted 2.3 billion yuan in revenue, up 23.3% year-on-year.

At the end of the reporting period, it had 3.8 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 66.9%.