Fangzheng Motor announced that in the first half of 2026 it provided non-operating loans totaling 98.65 million yuan to multiple subsidiaries, involving six subsidiaries including Fangzheng Motor Deqing, Lishui Fangde Zhiqu, and Songxian Huarui Mining. As of the end of the first half of 2026, the balance of other receivables reached 181.64 million yuan, an increase of 4.34 million yuan from the beginning of the period. All fund transfers were internal loans, formed to support the operational development of subsidiaries.
Zhejiang Founder Motor Co LtdCompany provides internal loans to subsidiaries, a capital allocation move with unclear direct impact on parent's value.
