Hon Hai's November sales increased 18% year-on-year to NT$650.02 billion

According to news from this site on December 5, Foxconn’s parent company Hon Hai Technology Group has announced its revenue summary for November. Sales in November reached NT$650.02 billion (currently approximately NT$147.555 billion), a month-on-month decrease of 12.3% %, a year-on-year increase of 17.95%, the second highest level in the same period over the past years.

For comparison, Hon Hai’s October revenue was NT$741.2 billion (currently approximately NT$167.511 billion), a month-on-month increase of 12.20% and a year-on-year decrease of 4.56%.

Hon Hai’s cumulative revenue in the first 11 months of this year reached 5.69 trillion yuan, a year-on-year decrease of 4.89%. This is also the second highest decline in the same period over the past year. Hon Hai said: Sales in the fourth quarter will exceed expectations

Hon Hai said that the traditional peak season of the communications industry will arrive in the second half of the year. Revenue performance in the first two months of the fourth quarter was slightly above expectations. Therefore, the company expects the actual performance in the fourth quarter to be better than the "significant growth" previously predicted

Data show that Hon Hai's four major revenue categories in November declined slightly compared with October. Compared with the same period last year, "Consumer Smart Product Category" and "Components and Other Product Categories" achieved strong growth, while "Computer Terminal Product Category" and "Cloud Network Product Category" experienced a decline compared with last year; the cumulative revenue for the first 11 months was " "Components and Other Product Categories" and "Consumer Smart Product Categories" were approximately the same as the same period last year, while "Cloud Network Product Categories" and "Computer Terminal Product Categories" showed a slight decline compared with the same period last year.

According to the third quarter report of 2023 previously announced by Hon Hai Technology Group, Hon Hai’s third quarter revenue was NT$1.54 trillion ( Notes from this site: Currently approximately RMB 348.04 billion), dropped 12% year-on-year, and the market estimate is NT$1.55 trillion .

Hon Hai Technology Group achieved a net profit of NT$43.13 billion (approximately NT$9.747 billion) in the third quarter, a year-on-year increase of 11%, exceeding market estimates of NT$34.01 billion

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