Foxconn Industrial Internet (SHSE:601138) Full Year 2023 Results
Main financial results
- Sales: CAD 476.3 billion (down 6.9% from FY2022).
- Net profit: CAD 21 billion (4.8% increase compared to FY2022).
- Profit margin: 4.4% (up from 3.9% in FY2022). The increase in profit margins was driven by lower expenses.
- EPS: 1.06 CN Yen (up from 1.02 CN Yen in FY2022).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Foxconn Industrial Internet sales and profits fall below expectations
Sales were 5.2% lower than analysts expected. Earnings per share (EPS) also fell 9.7% below analyst expectations.
Looking ahead, revenues are expected to increase by an average of 12% per year over the next three years, compared to a growth forecast of 19% for China’s electronics industry.
performance of China’s electronic industry.
The company’s stock rose 1.1% from the previous week.
risk analysis
What about risks?Every company has them and we discovered that 2 warning signs for Foxconn Industrial Internet you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodologies, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.
