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Zhejiang Founder Motor Co Ltd (002196.SZ)

002196.SZ on Shenzhen Stock Exchange

21.85CNY
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Zhejiang Founder Motor's controlling shareholder cuts stake in the company
Monday, 20 Mar 2017 05:55am EDT 

Zhejiang Founder Motor Co Ltd <002196.SZ> :Says controlling shareholder has unloaded 1.2 percent stake in the company on March 17, taking his holdings to 16.5 percent after transaction.  Full Article

Zhejiang Founder Motor's controlling shareholder to cut stake in the company
Wednesday, 8 Mar 2017 04:49am EST 

Zhejiang Founder Motor Co Ltd <002196.SZ> :Says controlling shareholder plans to unload up to 3.8 percent stake in the company within six months.  Full Article

Zhejiang Founder Motor adopts Fair Value Model for investment real estate
Wednesday, 28 Dec 2016 04:10am EST 

Zhejiang Founder Motor Limited Company<002196.SZ>:Says it adopts Fair Value Model for investment real estate, changed from Cost Measurement Model.  Full Article

Zhejiang Founder Motor unit to fully buy Guangxi technology development firm
Wednesday, 17 Aug 2016 11:26pm EDT 

Zhejiang Founder Motor Limited Company<002196.SZ>: Says its wholly owned unit, Shanghai-based auto electronics company, plans to buy 49 percent stake in Guangxi-based technology development firm for 15.3 million yuan in total .Says the technology development firm will be wholly owned by the unit after the acquisition.  Full Article

Zhejiang Founder Motor completes merger with wholly owned unit
Thursday, 14 Jul 2016 04:37am EDT 

Zhejiang Founder Motor Co Ltd <002196.SZ>: Says it completed merger with wholly owned Lishui-based electromechanical subsidiary . Says the subsidiary has been dissolved .Says merger plan disclosed on June 16, 2015.  Full Article

Zhejiang Founder Motor issues 2016 H1 net profit outlook
Thursday, 28 Apr 2016 08:00pm EDT 

Zhejiang Founder Motor Co Ltd:Sees net profit for 2016 H1 to increase by 430 percent to 480 percent, or to be 48.7 mln yuan to 53.29 mln yuan.Says the net profit of 2015 H1 was 9,188,700 yuan.Comments that increase in new energy automobile business and involved performance of two newly acquired companies are the main reasons for the forecast.  Full Article

Zhejiang Founder Motor to pay 2015 dividend on May 5
Monday, 25 Apr 2016 08:00pm EDT 

Zhejiang Founder Motor Co Ltd:To pay 2015 dividend on May 5, with record date on May 4.  Full Article

Zhejiang Founder Motor says 2015 dividend payment as 0.1 yuan per share
Monday, 14 Mar 2016 08:00pm EDT 

Zhejiang Founder Motor Co Ltd:To pay cash dividend of 1 yuan per 10 shares (before tax) to the company's shareholders for 2015.  Full Article

Zhejiang Founder Motor expects 2016 Q1 net profit to rise
Monday, 14 Mar 2016 08:00pm EDT 

Zhejiang Founder Motor Co Ltd:Says expects 2016 Q1 net profit of 17.7-20.5 million yuan, to increase by 220-270 percent compared with 2015 Q1.Says 2015 Q1 net income was 5.5 million yuan.Comments that increased new energy vehicle sales revenue is the main reason for the forecast.  Full Article

Zhejiang Founder Motor to set up battery JV
Friday, 22 Jan 2016 07:00pm EST 

Zhejiang Founder Motor Co Ltd:To set up a new JV in Shanghai, which to be engaged in R&D, manufacture and sale of battery pack for new energy automobiles, jointly with a new energy investment limited partnership and a Shanghai new energy technology limited partnership.Says the JV with registered capital of 10 million yuan and the co to hold a 33 percent stake in it.  Full Article

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