Hon Hai's revenue in October decreased by 4.56% year-on-year, facing uncertainty in development
Hon Hai announced its October financial report on October 5th, with revenue of NT $741.2 billion (the same unit below), an increase of 12.20% month on month and a decrease of 4.56% compared to the same period last year, the second highest in previous years. The cumulative revenue for the first 10 months of this year was 5049.4 billion yuan, a year-on-year decrease of 7.21%, the second highest in the same period in previous years.
From the perspective of Hon Hai's four major product categories, compared with September, in October, "computer terminal products" benefited from the Double 11 in Chinese Mainland and Thanksgiving Day in North America, and customers prepared goods in advance, with a strong growth compared with last month; The demand for "cloud network products" from American server brand customers has also grown strongly compared to last month; "Consumer smart products" benefited from the demand for new products, the Double 11 in Chinese Mainland, and the Thanksgiving Day in North America, and customers increased their stock in advance; The 'components and other products' remain approximately unchanged.
Looking ahead to the fourth quarter, Hon Hai stated that the second half of the year is the traditional peak season for the information and communication technology (ICT) industry, so operations will be warmed up quarterly, maintaining the forecast of significant growth in the fourth quarter compared to the third quarter.
On October 22, the tax and natural resources departments in Chinese Mainland launched an investigation on the tax and land use of some enterprises under Foxconn. It was reported that this made Apple's position in its largest international market and production base more complicated.
Foxconn's parent company, Hon Hai, urgently issued a major news statement on the afternoon of October 22, stating that "legality and compliance are the fundamental principles of Hon Hai worldwide. The group will actively cooperate with relevant units in handling operations
Investors are also increasingly nervous about Apple's prospects in Chinese Mainland. Chinese Mainland accounts for about one fifth of Apple's sales. Due to the continuing technical conflict with China and the United States, American enterprises are facing an increasingly adverse environment. The launch of Huawei's new mobile phone also carved up the market share of smart phones in Chinese Mainland.
In addition, Taiwan, China is investigating the campaign team of the founder of Hon Hai Group, Gou Taiming, for allegedly offering bribes in the process of running for the leadership of Taiwan, China to collect signatures.
Looking ahead to the fourth quarter, Hon Hai stated that the second half of the year is the traditional peak season for the information and communication technology (ICT) industry, so operations will be warmed up quarterly, maintaining the forecast of significant growth in the fourth quarter compared to the third quarter.
On October 22, the tax and natural resources departments in Chinese Mainland launched an investigation on the tax and land use of some enterprises under Foxconn. It was reported that this made Apple's position in its largest international market and production base more complicated.
Foxconn's parent company, Hon Hai, urgently issued a major news statement on the afternoon of October 22, stating that "legality and compliance are the fundamental principles of Hon Hai worldwide. The group will actively cooperate with relevant units in handling operations
Investors are also increasingly nervous about Apple's prospects in Chinese Mainland. Chinese Mainland accounts for about one fifth of Apple's sales. Due to the continuing technical conflict with China and the United States, American enterprises are facing an increasingly adverse environment. The launch of Huawei's new mobile phone also carved up the market share of smart phones in Chinese Mainland.
In addition, Taiwan, China is investigating the campaign team of the founder of Hon Hai Group, Gou Taiming, for allegedly offering bribes in the process of running for the leadership of Taiwan, China to collect signatures.