Zhejiang Founder Motor (002196.SZ) announced its interim report for the first half of 2024, with operating revenue of 1.166 billion yuan, a year-on-year increase of 14.76%; net income attributable to shareholders of listed companies was 0.84469 million yuan, a year-on-year decrease of 96.83%; net income attributable to shareholders of listed companies after deducting non-recurring gains and losses was -2.7765 million yuan; basic earnings per share was 0.0017 yuan.
In the first half of 2024, the company invested 62.43 million yuan in research and development, an increase of 12% compared to the same period last year. During the reporting period, the company's electric tool motor business has entered the supply chain of international customers such as TTI, Bostitch, SharkNinja, and Bosch, and is developing various types of motor products for applications in the vacuum cleaner, garden tool, hair dryer, and air compressor fields.