Zhejiang Founder Motor Co.,Ltd.’s Net Profit Rose 44.7% in First Quarter of 2023

Zhejiang Founder Motor Co.,Ltd. (浙江方正电机股份有限公司) (002196.SZ) reported a net profit of 8.3 million yuan in the first quarter of 2023, up 44.7% year-on-year.

Meanwhile, the company posted 445.5 million yuan in revenue, down 22% year-on-year.

At the end of the reporting period, it had 3.7 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 66.2%.