Hon Hai / Optimism is gone!Hon Hai’s 3rd quarter outlook is ‘prudent’, the full year will still be better than flat

Hon Hai (2317) announced that its revenue in July was 475.1 billion yuan, down 9.71% from June. The cumulative revenue for the first seven months was 3.39 trillion yuan, an annual increase of 8.83%, both hitting new highs in the same period of the previous year and better than the company’s expectations; The outlook for the third quarter is different from June in that the view has changed from “prudently optimistic” to “prudent”. Hon Hai emphasized that the visibility is comparable to market expectations, and the full-year outlook is expected to be better than the company’s original flat view.

The exterior of Hon Hai Group headquarters. Photo / Zhang Jiahao Photography.

Hon Hai is cautious about the outlook for the third quarter, and believes that it is still necessary to closely observe inflation, the epidemic and the follow-up changes in the supply chain, and will hold the second quarter legal meeting on August 10, and announce the second quarter financial report figures and explain the outlook for the market. view.

Hon Hai said that in July revenue, the “cloud network product category” benefited from the increase in server purchases, the “computer terminal product category” benefited from the new product release in June and the increase in component shipments of “components and other product categories”. Both maintained positive growth compared with the previous month, and the “Consumer Smart Product Category” experienced a decline compared with the previous month due to the transition period of new and old products.

Hon Hai emphasized that if the revenue in July is compared with last year, the “cloud network product category” has strong double-digit growth compared with last year due to the overall strong demand in the server market. Significant annual growth rate, while “components and other product categories” declined compared to last year due to a decrease in other income. (Review: Lu Junyi)

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