Founder Technology Group Co.,Ltd. Posted 48 Million Yuan Net Profit in First Half of 2023

Founder Technology Group Co.,Ltd. (方正科技集团股份有限公司) (600601.SH) reported a net profit of 48 million yuan in the first half of 2023, reversing a net loss of 225.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 34.2% year-on-year.

At the end of the reporting period, it had 5.1 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 32%.