Zhejiang Founder Motor Co.,Ltd. Posted 86.8 Million Yuan Net Profit in First Three Quarters 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 86.8 million yuan in the first three quarters of 2023, reversing a net loss of 8.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 3.4% year-on-year.

At the end of the reporting period, it had 3.8 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 63.8%.