Hon Hai (2317-TW) Today (12), Fa said and announced the first quarter financial report. Benefiting from the growth of computer terminal product shipments, the first quarter paid three and three times, and the EPS reached 2.12 yuan, the best in the same period in 14 years. In the second quarter, the whole The annual outlook is estimated to be flat, but the gross profit margin is expected to be better than the performance of the same period last year. In addition, the impact of China’s blockade control and the layout of electric vehicles are also the focus of the legal person. “Juheng.com” has sorted out the six key points of this field, so that readers can quickly grasp it after reading the article.
Q1 EPS hits 14-year high
Hon Hai’s net profit after tax in the first quarter was 29.45 billion yuan, a quarterly decrease of 34% and an annual increase of 5%. The net profit per share was 2.12 yuan, a new high for the same period in 2014. Among them, the three-rate performance increased compared with the same period last year. Hon Hai’s first-quarter revenue was 1.4 trillion yuan, down 26% quarter-on-quarter and up 4% year-on-year, mainly due to the fact that the computer terminal product field, which was originally expected to be flat, turned to growth, driving overall revenue better than expected.
Q2, the full-year outlook is estimated to be flat
Looking forward to the second quarter, Chairman Liu Yangwei believes that although there are variables such as inflation, the epidemic and geopolitics at this stage, the order control is better than the situation seen in the previous law in March, and the second quarter is estimated to be flat. In the first quarter and the same period last year, cloud network products grew the most. Looking at the whole year, Liu Yangwei said that the current visibility has not changed, and the outlook remains flat.
Computer terminal product shipment target raised
As for the performance of the four major product lines, Liu Yangwei said that computer terminal products benefited from the increase in market share. Whether desktop, notebook or tablet, shipments will increase. Therefore, the outlook is raised from the original flat to growth; the remaining products are expected to grow. Estimates remain unchanged, with flat consumer smart products, growth in cloud networking products, and substantial growth in components and other products.
Gross profit growth this year
The outside world is concerned about the performance of Hon Hai’s gross profit margin. Liu Yangwei pointed out that China’s closure of the city has led to an increase in costs, and material prices may remain high in the next six months, but the impact on Hon Hai will not be great. Gross profit margins will be better than the performance of the same period last year.
The impact of China’s lockdown
Liu Yangwei said that China’s implementation of epidemic prevention and control has indeed brought challenges to logistics, but most factories adopt closed-loop normal production, and the team has also spent a lot of effort in arranging staff accommodation and communicating with the local government. At present, the overall impact seems to be limited. Continuing, on the contrary, it has the opportunity to assist Hon Hai to win customer orders and gain more market share.
Electric vehicle layout
Regarding the layout of electric vehicles, Liu Yangwei said that the whole vehicle assembly will be given priority, followed by modules and key spare parts. Among them, the initial shipment of the independently developed Model C is 10,000 units, and the battery and LiDar will be available in the second half of the year. new progress.
The legal person is also concerned about Apple Car OEM rumors and whether Hon Hai has mass production capacity in the future. In this regard, Liu Yangwei said that he would not comment on a single customer, but at present, existing large car manufacturers and start-up companies have contacts, and the electric vehicle manufacturing process is complicated, and the design is correct. The process requirements are high, and we will try our best to provide the technical force needed by the car factory, so that the car factory can mass-produce smoothly.