Research Reports Digging Gold丨Tianfeng: Foxconn Industrial Internet's revenue and net profit both reached new highs in 2024, maintaining a "Buy" rating.

A recent research report from Tianfeng points out that Foxconn Industrial Internet (601138.SH) will achieve record-high revenue and net profit in 2024, with income from AI servers increasing by over 150%. In 2024, the revenue growth in the Cloud Computing Service sector will be significant, achieving more than 50% growth compared to the same period last year, accounting for more than half of the company's overall revenue for the first time. Revenue from AI servers significantly surpassed 1.5 times year-on-year, with its proportion of total server revenue rising from 30% to over 40%. Revenue from general servers grew by 20% year-on-year, outperforming the overall market trend. Looking at customer categories, revenue from servers for Cloud Computing Service providers grew by over 80% compared to the same period last year.

Gelonghui FinanceFeb 24 02:08 ET

Trump said: tariffs Apple Ukraine sweep the swing states.

The speech reiterated that a 25% tariff on imported Autos will be implemented starting April 2; Apple CEO Tim Cook promised this week to move manufacturing from Mexico to the USA; Note: It is currently unclear which manufacturing facilities Trump refers to, as Fujifilm Holdings Corporation Unsponsored ADR (Foxconn) has a large manufacturing base in Mexico and plans to expand its local Business. AI companies will be allowed to have their own power plants; The USA is negotiating with Russia and Ukraine; He posted on his Social Media platform Truth Social, stating: I won the presidential election by a landslide, securing all seven.

Global Market BroadcastFeb 21 15:41 ET

Trump: The CEO of Apple agreed to move production facilities from Mexico to the USA.

US President Trump stated at a governors' conference that Apple CEO Tim Cook promised him this week to relocate manufacturing from Mexico to the USA. Trump said on Friday that Cook "closed two factories in Mexico" and will produce products in the USA, with the company also committing to invest hundreds of millions of dollars in the USA. "They do not want to get caught up in tariffs," Trump said. It is still unclear which manufacturing facilities Trump was referring to, as Foxconn, responsible for iPhone production, has large manufacturing bases in Mexico and plans to expand its Business locally. A representative for Apple has not yet responded to a request for comment.

Global Market NewsFeb 21 12:43 ET

Foxconn Industrial Internet Co., Ltd. 2024 Annual Results Express Announcement

SZSIFeb 21 11:00 ET · Announcements

Express News | Foxconn Industrial Internet Says Prelim 2024 Net Profit up 10.3% Y/Y

ReutersFeb 21 03:03 ET

Foxconn Industrial Internet (601138.SH): In 2024, net income increased by 10.34% year-on-year, and revenue from AI servers grew more than 1.5 times compared to the same period last year.

On February 21, Gelonghui reported that Foxconn Industrial Internet (601138.SH) announced the performance report for the year 2024. According to preliminary calculations, in 2024 the company achieved revenue of 609.135 billion yuan, an increase of 132.795 billion yuan compared to the same period in 2023, a growth rate of 27.88%. The net income attributed to the shareholders of the listed company was 23.216 billion yuan, an increase of 2.176 billion yuan compared to the same period in 2023, a growth rate of 10.34%. In terms of Cloud Computing Business, the revenue in this Sector showed significant year-on-year growth, achieving over 50% growth compared to the same period last year, with the overall revenue of the company exceeding 50% for the first time.

Gelonghui FinanceFeb 21 03:03 ET