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Zhejiang Founder Motor Co., Ltd.'s (SZSE:002196) Price Is Right But Growth Is Lacking After Shares Rocket 26%
Even After Rising 14% This Past Week, Zhejiang Founder Motor (SZSE:002196) Shareholders Are Still Down 44% Over the Past Three Years
Fangzheng Motor: 2024 Annual Performance Forecast
Zhejiang Founder Motor (002196.SZ) and its subsidiaries have been recognized as high-tech enterprises.
Gelonghui, January 1st丨Zhejiang Founder Motor (002196.SZ) announced that recently, the company and its wholly-owned subsidiary, Gaoke Run Electronics (Zhejiang) Co., Ltd., received the "High-tech Enterprise Certificate" issued jointly by the Zhejiang Provincial Department of Economy and Information Technology, the Zhejiang Provincial Department of Finance, and the Zhejiang Provincial Tax Service of the State Administration of Taxation.
Zhejiang Founder Motor (002196.SZ): Plans to increase capital by 0.1 billion yuan for its wholly-owned subsidiary Deqing Founder.
On December 23, Gelonghui reported that Zhejiang Founder Motor (002196.SZ) announced that the eighth Board of Directors will hold its twentieth meeting on December 23, 2024, to review and approve the proposal regarding the increase of capital for its wholly-owned subsidiary, Zhejiang Founder Motor (Deqing) Co., Ltd. In order to meet the funding needs for the expansion of the wholly-owned subsidiary’s production operations, the company will increase the capital of Zhejiang Founder Motor (Deqing) Co., Ltd. (hereinafter referred to as "Deqing Founder") by 100 million yuan. The current registered capital of Deqing Founder is 50 million yuan, and after the increase, the registered capital will rise to 150 million yuan.
Zhejiang Founder Motor (002196.SZ): received government subsidies of 24 million yuan.
Gelonghui, December 19 - Zhejiang Founder Motor (002196.SZ) announced that the "Future Factory" project at Lishui Power Valley has received a government subsidy of 24 million yuan from the Lishui Economic and Technological Development Zone, of which 12 million yuan has been disbursed recently. The government subsidy obtained this time is related to income and is associated with the company's regular Operation activities; it does not have sustainability.
Market Might Still Lack Some Conviction On Zhejiang Founder Motor Co., Ltd. (SZSE:002196) Even After 27% Share Price Boost