Foxconn Industrial Internet Full Year 2023 Earnings: Misses Expectations

Foxconn Industrial Internet (SHSE:601138) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥476.3b (down 6.9% from FY 2022).
• Net income: CN¥21.0b (up 4.8% from FY 2022).
• Profit margin: 4.4% (up from 3.9% in FY 2022). The increase in margin was driven by lower expenses.
• EPS: CN¥1.06 (up from CN¥1.02 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Foxconn Industrial Internet Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) also missed analyst estimates by 9.7%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China.

Performance of the Chinese Electronic industry.

The company's shares are up 1.1% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Foxconn Industrial Internet you should know about.

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