Zhejiang Founder Motor Co., Ltd. Financial Data

Consolidated

Consolidated Balance Sheet (B/S)

(in CNY millions)

  FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 FY ended Dec. 31, 2021
Current assets 2,117.71 2,043.18 1,951.96
Illiquid assets 1,959.55 1,764.96 1,248.05
Total assets 4,077.26 3,808.15 3,200.01
Current liabilities 2,068.02 2,021.69 1,524.13
Illiquid debts 598.85 527.60 161.83
Total liabilities 2,666.87 2,549.28 1,685.96
Capital 497.67 498.72 498.91
Capital reserve 1,881.34 1,864.86 1,828.55
Profit reserve 38.37 38.37 38.37
Backlog profit (96.00) (1,077.13) (753.89)
Minority stock holders' equity 1.98 15.99 18.97
Total stockholders' equity 1,410.39 1,258.86 1,514.05
Total Liabilities and shareholders' equity 4,077.26 3,808.15 3,200.01

Consolidated Profit and Loss Statement

(in CNY millions)

  FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 FY ended Dec. 31, 2021
Sales 2,495.97 2,330.64 1,890.77
Operating profit 122.45 (331.54) (8.41)
Gross profit 112.43 (334.13) (8.34)
Net profit 99.54 (325.71) 270.05

Consolidated Cash Flow

(in CNY millions)

  FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 FY ended Dec. 31, 2021
Cash flows from operating activities 166.71 2.08 142.16
Cash flows from investing activities (248.52) (703.97) 153.13
Cash flows from financing activities 79.49 569.45 (57.71)
Gains (losses) from exchange-rate translation 1.03 2.20 (5.10)
Increases (decreases) in cash and cash equivalents (1.29) (130.23) 232.48
Cash and cash equivalent at the beginning of the term 215.58 345.81 113.33
Cash and cash equivalents at the term-end 214.29 215.58 345.81

Non-Consolidated

Unconsolidated balance sheet (B/S)

(in CNY millions)

  FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 FY ended Dec. 31, 2021
Current assets 1,255.78 1,375.98 1,202.70
Illiquid assets 1,607.95 1,674.80 1,565.53
Total assets 2,863.73 3,050.77 2,768.24
Current liabilities 1,313.86 1,643.11 1,294.23
Illiquid debts 145.43 273.80 134.05
Total liabilities 1,459.29 1,916.92 1,428.27
Capital 497.67 498.72 498.91
Capital reserve 1,888.25 1,871.77 1,835.46
Profit reserve 38.37 38.37 38.37
Backlog profit (979.81) (1,201.44) (927.02)
Total stockholders' equity 1,404.44 1,133.86 1,339.96
Total Liabilities and shareholders' equity 2,863.73 3,050.77 2,768.24

Unconsolidated cash flow

(in CNY millions)

  FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 FY ended Dec. 31, 2021
Sales 1,319.38 1,466.81 1,039.72
Operating profit 311.31 (286.81) (27.98)
Gross profit 301.59 (286.95) (28.22)
Net profit 289.08 (274.42) (18.28)

Unconsolidated profit and loss statement

(in CNY millions)

  FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 FY ended Dec. 31, 2021
Cash flows from operating activities 67.40 7.17 (115.97)
Cash flows from investing activities (109.35) (421.48) 119.83
Cash flows from financing activities 45.13 249.94 184.61
Gains (losses) from exchange-rate translation - - -
Increases (decreases) in cash and cash equivalents 3.17 (164.37) 188.48
Cash and cash equivalent at the beginning of the term 46.22 210.59 22.11
Cash and cash equivalents at the term-end 49.39 46.22 210.59

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