Industrial Fulian

Industrial Fortune, known as Foxconnindustrial internetCo.

Company Overview

• Date and place of establishment: Industrial Fortune was founded on March 6, 2015 and is headquartered in Shenzhen.
• Main business: The company's main business coverscloud computing, communication networks and mobile network equipment, and industrial Internet in three major areas.
• Main productsThese include network equipment, telecommunication equipment, high-precision mechanical parts for communication network equipment, servers, storage equipment, high-precision mechanical parts for cloud service equipment, precision tools, and industrial robots.

Milestones

• early stage of establishment: The predecessor of Industrial Fulfillment, Fuso Technology, was founded in March 2015 and began to lay out the field of intelligent manufacturing and industrial internet.
• capital increase and name changeIn 2017, the company increased its capital for the first time and introduced Shenzhen Hongfujin, and then changed its name to Foxconn Industrial Internet Co.
• IPO development: In 2018, Industrial Fortune was listed on the main board of the Shanghai Stock Exchange, further consolidating its global leadership in the foundry of communication network equipment and cloud computing equipment.

Market performance and financials

• Revenue and Profit: According to the newly released performance report, the annual revenue of 2023 reached 476.34 billion yuan, the net profit of the mother of 21.04 billion yuan, an increase of 4.8% year-on-year, and the net profit of non-deductible net profit of 20.21 billion yuan, an increase of 9.8% year-on-year, which are all at record highs.
• Gross and net margins: Gross margin exceeded 8% for the first time, a new high since the IPO, while operating margin and net margin also achieved double-digit percentage growth.
• Other financial data: As of the end of the reporting period, total assets amounted to RMB 287.7 billion, with net cash inflow from operating activities of RMB 43.1 billion, an increase of 1,80% year-on-year; and net assets increased for five consecutive years, reaching RMB 140 billion.

Business layout and innovation capability

• Intelligent Manufacturing: By integrating IoT, artificial intelligence, big data analysis and other technologies, it provides enterprises with a full range of solutions from equipment management, production scheduling to supply chain optimization.
• industrial internet: Using real-time data monitoring and analysis to help companies identify potential problems, optimize production processes, achieve predictive maintenance, and build a more flexible supply chain system.
• Cloud Computing and AI: Actively promote the expansion of cloud computing business, especially in the field of AI servers, and deep cooperation with AI technology leaders such as NVIDIA to jointly develop AI gas pedals and servers.
• 5G technology: In the construction of smart factories, 5G technology dramatically improves the communication efficiency between devices, enhances the real-time and stability of data transmission, and improves production efficiency and the ability of equipment to work together.

Future development and strategic planning

• Increase semiconductor and new energy vehicle layout: IFE is increasing the layout of its semiconductor and new energy automobile parts business, which have huge growth potential.
• Exploring the Metaverse in conjunction with the Industrial Internet: The company is exploring the application of the "lighthouse factory" building program to the industrial meta-universe to enable predictive maintenance of equipment and remote expert assistance, among other features.
• Environmental social governance and carbon neutrality: It has a strong performance in ESG, actively responding to the global trend of carbon reduction and comprehensively promoting carbon neutral projects by enhancing energy efficiency and the proportion of clean energy use.

As a leading global provider of high-end intelligent manufacturing and industrial Internet solutions, Industrial Fortune continues to lead the industry in the field of intelligent manufacturing and create more value in the future with its deep manufacturing foundation, globalization layout and continuous technological innovation capability.