Foxconn's parent company sees 18% revenue growth in 2025, reaching a record high of $253 billion
One of the world's largest electronic component suppliers, Foxconn's parent company Hon Hai Group announced that its annual revenue reached 8.1 trillion New Taiwan Dollars (approximately $253 billion), setting a new record, an 18% increase from the previous year.
Net profit attributable to the parent company increased by 24%, reaching 189.4 billion New Taiwan Dollars (approximately $5.9 billion) last year. Earnings per share increased to 13.61 New Taiwan Dollars (0.43 US Dollars), up by 2.6 New Taiwan Dollars from the previous year.
Revenue in the fourth quarter increased by 22%, reaching 2.61 trillion New Taiwan Dollars (approximately $81.7 billion); operating profit rose by 33%, reaching 85.6 billion New Taiwan Dollars (approximately $2.7 billion).
Meanwhile, the company's quarterly net profit decreased by 2%, to 45.2 billion New Taiwan Dollars (approximately $1.4 billion), below analysts' forecast of 59.9 billion New Taiwan Dollars. The quarterly earnings per share dropped to 3.23 New Taiwan Dollars (0.1 US Dollar), down by 0.11 New Taiwan Dollars from the previous year.
According to Reuters, the company expects "strong growth" in revenue for this quarter and the entire fiscal year.
On Monday, the company's stock on the Taiwan Stock Exchange rose by 0.9%.
The Foxconn Technology Group in Taiwan is one of the world's largest electronic component suppliers, with clients including leading technology brands. Foxconn's science and technology park in Zhengzhou, Henan Province, China, is the world's largest iPhone production base, also known as "iPhone City."
Original article: toutiao.com/article/1859850383621132/
Statement: This article represents the views of the author.