Founder Technology Group Co.,Ltd. Posted 118.7 Million Yuan Net Profit in First Three Quarters 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 118.7 million yuan in the first three quarters of 2023, reversing a net loss of 440 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.3 billion yuan in revenue, down 32.6% year-on-year.

At the end of the reporting period, it had 5.5 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 30.6%.