On March 13th, Industrial Fulian released its annual report for 2023, with a revenue of 476.34 billion CNY, marking the second-highest in its history.
The net profit attributable to shareholders reached 21.04 billion CNY, a year-on-year increase of 4.8%, while the non-GAAP net profit reached 20.21 billion CNY, showing a growth of 9.8%, both reaching record highs.
Industrial Fulian also noted that in 2023, the gross profit margin surpassed 8% for the first time, reaching a new high. The gross profit margin, operating profit margin, and net profit margin all experienced double-digit percentage growth.
In the highly anticipated cloud computing business, the proportion of cloud service provider products in cloud computing revenue rapidly increased to nearly half, while the shipment of AI servers showed strong growth, accounting for about 30% of cloud computing revenue and driving the gross profit margin of this segment to a new high.
Industrial Fulian, a subsidiary of Foxconn, is formally known as Foxconn Industrial Internet Co., Ltd. The company specializes in industrial internet transformation.
Today, Industrial Fulian saw a significant increase in its stock price during trading hours, rising nearly 9% at one point, setting a new historical high, but it experienced a late-session downturn, ending in the red.
It's worth noting that since February of this year, the stock has surged by more than 80% cumulatively.
