Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Hubert Chan was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 30
FIT Hon Teng Limited, Annual General Meeting, May 26, 2026 FIT Hon Teng Limited, Annual General Meeting, May 26, 2026, at 10:00 Taipei Standard Time. Location: 66-1, chungshan road, tucheng district, new taipei city 23680, Taiwan Duyuru • Mar 02
FIT Hon Teng Limited to Report Fiscal Year 2025 Results on Mar 12, 2026 FIT Hon Teng Limited announced that they will report fiscal year 2025 results on Mar 12, 2026 Recent Insider Transactions • Aug 26
Chairman & CEO recently sold €2.4m worth of stock On the 19th of August, Sung-Ching Lu sold around 4m shares on-market at roughly €0.60 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Sung-Ching's only on-market trade for the last 12 months. Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Hubert Chan was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Aug 02
FIT Hon Teng Limited to Report First Half, 2025 Results on Aug 12, 2025 FIT Hon Teng Limited announced that they will report first half, 2025 results on Aug 12, 2025 Duyuru • Jun 20
FIT Hon Teng Limited Approves Election of Mr. Lu Pochin Christopher as Executive Director FIT Hon Teng Limited announced that at its AGM held on June 20, 2025, shareholders approved the election of Mr. LU Pochin Christopher as an executive director. Duyuru • Mar 13
FIT Hon Teng Limited, Annual General Meeting, Jun 20, 2025 FIT Hon Teng Limited, Annual General Meeting, Jun 20, 2025. Duyuru • Feb 28
FIT Hon Teng Limited to Report Fiscal Year 2024 Results on Mar 12, 2025 FIT Hon Teng Limited announced that they will report fiscal year 2024 results on Mar 12, 2025 Duyuru • Oct 17
Fit Hon Teng Showcases Ai Data Center Connectivity and Immersion-Cooled Signal Integrity Solutions At Ocp Global Summit 2024 FIT Hon Teng will unveil its latest advancements in AI data center connectivity and immersion-cooling technologies at the upcoming 2024 OCP Global Summit. Hosted by the Open Compute Project (OCP), this prestigious event brings together global leaders in hardware infrastructure design, addressing the evolving demands of modern data centers. At the summit, FIT will introduce solutions that tackle critical challenges in AI-driven data centers, including signal degradation, heat dissipation, and large-scale manufacturing scalability. FIT's AI rack connectivity innovations are designed to enhance signal integrity and optimize data transmission, all while incorporating advanced cooling technologies for high-density AI workloads. Key product highlights include: 224G+ sockets for XPU/GPU connectivity; Co-packaged copper and optical architectures; Power cables for ORV3; Active Optical Cables (AOC); OSFP1600 and QSFP-DD port configurations. These solutions underscore FIT's commitment to driving innovation in the AI data center space, building on Foxconn's extensive industrial internet expertise to offer cutting-edge AI connectivity solutions to global data center customers. In addition to its AI connectivity offerings, FIT will present its immersion-cooled IT platform solutions at the summit. Terry Little, Development Engineering Manager at FIT, will lead a session titled "Optimizing Signal Integrity in Immersion-Cooled IT Platforms." The session will delve into the effects of dielectric fluids on high-speed signal lines, the challenges of high-speed testing in such environments, and innovative connector mixture strategies. These solutions are critical for ensuring reliable performance in harsh, high-density computing environments, such as AI data centers. By addressing key issues such as performance, efficiency, and scalability, FIT continues to play a pivotal role in supporting the growth of AI infrastructure across industries, further solidifying its leadership in AI data center solutions. Reported Earnings • Sep 29
First half 2024 earnings released: EPS: US$0.005 (vs US$0.001 loss in 1H 2023) First half 2024 results: EPS: US$0.005 (up from US$0.001 loss in 1H 2023). Revenue: US$2.07b (up 16% from 1H 2023). Net income: US$32.5m (up US$41.5m from 1H 2023). Profit margin: 1.6% (up from net loss in 1H 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Sep 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 35% to €0.24. The fair value is estimated to be €0.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.7%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 90% in the next 2 years. Reported Earnings • Aug 14
First half 2024 earnings released: EPS: US$0.005 (vs US$0.001 loss in 1H 2023) First half 2024 results: EPS: US$0.005 (up from US$0.001 loss in 1H 2023). Revenue: US$2.07b (up 16% from 1H 2023). Net income: US$32.5m (up US$41.5m from 1H 2023). Profit margin: 1.6% (up from net loss in 1H 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jul 31
FIT Hon Teng Limited to Report First Half, 2024 Results on Aug 12, 2024 FIT Hon Teng Limited announced that they will report first half, 2024 results on Aug 12, 2024 Recent Insider Transactions • Jul 12
COO, CFO & Executive Director recently sold €6.7m worth of stock On the 8th of July, Pochin Lu sold around 18m shares on-market at roughly €0.37 per share. This transaction amounted to 59% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Pochin's only on-market trade for the last 12 months. Duyuru • Jul 08
FIT Hon Teng Limited Provides Group Earnings Guidance for the Six Months Ended June 30, 2024 FIT Hon Teng Limited provided group earnings guidance for the six months ended June 30, 2024. The group is expected to record net profit of approximately USD 28 million to USD 33 million for six months ended June 30, 2024, as compared to the net loss of approximately USD 9 million for the six months ended June 30, 2023. The turnaround from net loss for first half 2023 to net profit for first half 2024 was mainly attributable to (1) the improvement in the group's management effectiveness; and (2) the gradual recovering demand from the computing and networking end markets. Duyuru • Jun 21
FIT Hon Teng Limited Announces Directorate and Committee Changes The Board of FIT Hon Teng Limited announced that Mr. Trainor-DeGirolamo Sheldon (Mr. Trainor- DeGirolamo) has resigned from his positions as a non-executive Director, a member of the Remuneration Committee and a member of the environmental, social and governance committee of the Company (the Environmental, Social and Governance Committee) with effect from June 21, 2024 upon the conclusion of the AGM, due to his intention to focus on other commitments outside the Company. The Board announced that Mr. CHANG Chuan-Wang (Mr. Chang) has been appointed as a non-executive Director with effect from June 21, 2024 upon the conclusion of the AGM. The biographical details of Mr. Chang are set out below: Mr. Chang, aged 55, has around 30 years of experience in the information and communication technology industry. In May 2009, Mr. Chang joined Hon Hai as a manager focusing on the business strategy, operation control and performance analysis management of Hon Hai. Mr. Chang is currently an assistant vice president of the strategic controlling division in Hon Hai. He currently also serves as the executive director of Ennoconn Corporation, a company listed on the Taiwan Stock Exchange (stock code: 6414). Since April 2023, Mr. Chang has also served as the chairman of the board of directors, a non-executive director and a member of the remuneration committee of CircuTech International Holdings Limited (CircuTech), a company listed on the GEM of the Stock Exchange (stock code: 8051). The ultimate controlling shareholder of CircuTech is Hon Hai. Since June 2023, Mr. Chang has served as a non-executive director of FIH Mobile Limited, a company listed on the Main Board of the Stock Exchange (stock code: 2038) and a subsidiary of Hon Hai. Since March 2024, he has also served as the chairman of the board of directors, an executive director, a member of the nomination committee and a member of the remuneration committee of Maxnerva Technology Services Limited, a company listed on the Main Board of the Stock Exchange (stock code: 1037). Mr. Chang obtained a bachelor ' s degree in Automatic Control Engineering from Feng Chia University in Taiwan in 1992 and a master's degree in business administration from the Graduate Institute of Management at Feng Chia University in Taiwan in 2007. In 2007, he was awarded the honorary membership of Phi Tau Phi Scholastic Honor Society for his outstanding academic achievements. The Board further announces that with effect from June 21, 2024 upon the conclusion of the AGM: Mr. Chang has been appointed as a member of the Remuneration Committee and Mr. Trainor- DeGirolamo has ceased to be a member of the Remuneration Committee; and Ms. HUANG Pi-Chun has been appointed as a member of the Environmental, Social and Governance Committee and Mr. Trainor-DeGirolamo has ceased to be a member of the Environmental, Social and Governance Committee. Duyuru • Mar 13
FIT Hon Teng Limited, Annual General Meeting, Jun 21, 2024 FIT Hon Teng Limited, Annual General Meeting, Jun 21, 2024. Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: US$0.018 (vs US$0.024 in FY 2022) Full year 2023 results: EPS: US$0.018 (down from US$0.024 in FY 2022). Revenue: US$4.20b (down 7.4% from FY 2022). Net income: US$129.0m (down 24% from FY 2022). Profit margin: 3.1% (down from 3.7% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. New Risk • Mar 13
New major risk - Revenue and earnings growth Earnings have declined by 15% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 15% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (1.8% net profit margin). New Risk • Mar 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (1.8% net profit margin). Duyuru • Mar 01
FIT Hon Teng Limited to Report Fiscal Year 2023 Results on Mar 12, 2024 FIT Hon Teng Limited announced that they will report fiscal year 2023 results on Mar 12, 2024 Duyuru • Jan 31
Foxconn Interconnect Technology Unveils 224G Tech At DesignCon 2024 Foxconn Interconnect Technology announced the launch of its 224G data rates for high-speed I/O and near-chip connectivity at this year's DesignCon. This development in 224G signifies a strategic step forward, preparing FIT and its key customers for the burgeoning data rates propelled by advancements in AI and machine learning. The 224G standard demands exceptional levels of signal integrity, mechanical robustness, and manufacturing precision. Terry Little, Development Engineering Manager and System Architect at FIT, states, ‘Connectors with 224G interfaces require innovative design approaches, extending beyond conventional development norms. This necessitates creative thinking in electrical contact design, tighter mechanical and manufacturing tolerances, and more stringent assembly processes.’ FIT is dedicated to offering these specialized capabilities to the industry, providing crucial thermal and mechanical design guidance for QSFP-DD1600 and OSFP MSAs. FIT is swiftly progressing in the development of near- or on-chip connectivity. With the expansion of the back-end network, there's a pressing need to move beyond traditional board layers. Reported Earnings • Oct 02
First half 2023 earnings released: US$0.001 loss per share (vs US$0.012 profit in 1H 2022) First half 2023 results: US$0.001 loss per share (down from US$0.012 profit in 1H 2022). Revenue: US$1.78b (down 15% from 1H 2022). Net loss: US$8.95m (down 111% from profit in 1H 2022). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. New Risk • Aug 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 8.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.9% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (1.8% net profit margin). New Risk • Aug 08
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.8% Last year net profit margin: 4.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Reported Earnings • Aug 08
First half 2023 earnings released: US$0.001 loss per share (vs US$0.012 profit in 1H 2022) First half 2023 results: US$0.001 loss per share (down from US$0.012 profit in 1H 2022). Revenue: US$1.78b (down 15% from 1H 2022). Net loss: US$8.95m (down 111% from profit in 1H 2022). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Duyuru • Aug 08
FIT Hon Teng Limited Appoints Huang Pi-Chun Has as Non-Executive Director The board of directors of FIT Hon Teng Limited announced that Ms. HUANG Pi-Chun has been appointed as a non-executive director of the Company with effect from August 7, 2023. Ms. Huang, aged 51, has over 28 years of experience in finance and accounting as well as operational analysis, and specializes in the operation of multinational companies in large scale electronics manufacturing industry. She is currently assistant vice president of corporate accounting department of the head office of Hon Hai Precision Industry Co. Ltd. (2317 TW) ("Hon Hai"), the controlling shareholder of the Company, and is responsible for issuing group financial reports. Ms. Huang is in the core team which is responsible for conducting financial forecasts analysis for top management's decision making, and also holds major positions in the finance and accounting digital transformation projects and has participated in the due diligence on significant investment projects of the group. Ms. Huang obtained a Bachelor of Accounting from the Fu Jen Catholic University in Taiwan in 1994. After graduation, she joined a mid-sized Taiwan local CPA firm (which was merged into DinKum & Co., CPAs and then merged into Crowe (TW) CPAs in 2016) as an auditor and was responsible for auditing financial statements, conducting tax audits and providing initial public offering and over-the-counter market counselling for clients in the manufacturing and construction industries. Ms. Huang left the CPA firm in 1997 where she last served as audit senior, and she subsequently entered the manufacturing industry and served as accounting supervisor of the head office of Lite-On Technology Corporation (2301 TW) ("Lite-On Technology"), a listed company on the Taiwan Stock Exchange operating in the electronics manufacturing industry. During her 17 years of services in Lite-On Technology, Ms. Huang was responsible for issuingfinancial reports for the group and conducting operational analysis. She was also involved in the post-investment consolidation and management work for the group's overseas establishment and closure of factories as well as mergers and acquisitions. Ms. Huang has experience in working in many countries, including the U.S., Mexico, Czech Republic, Finland and Germany. In the course of the group's digital transformation, she has led the team to complete the upgrade of enterprise resource planning (ERP), the optimization of business warehouse (BW) database and the introduction of business consolidation system (BCS) platform for consolidated reporting system, which has laid a solid foundation for the digital transformation of Lite-On Technology. With years of management experience in Lite-On Technology, Ms. Huang has led the team to make significant contributions in terms of innovation and digital transformation. In 2015, she left Lite-On Technology after serving the company as senior manager for six years and joined Taikoo Motors Limited (Taiwan branch) ("Taikoo Motors") as financial controller. During her service with Taikoo Motors, Ms. Huang led the accounting and finance team to be responsible for operational analysis, capital planning and deployment, as well as post-investment management, in which she gained understanding of the agency operations and pricing models of the automotive industry. Specializing in the operations of large scale electronics manufacturing industry, Ms. Huang joined Hon Hai in 2016 as the accounting senior manager of the head office, and has served Hon Hai for more than seven years by now. She is also serving as the supervisor of Hon Hai's subsidiaries, Foxtron Vehicle Technologies Co. Ltd. and Hon Young Semiconductor Corporation. With years of experience in multinational companies, apart from the electronics manufacturing industry, Ms. Huang has also been involved in the automotive, construction and investment industries and has participated in digital transformation projects, which will enable her to bring her strengths into play and provide professional advice from different perspectives during the Company's transformation and strengthening of its overseas presence. Duyuru • Jul 28
FIT Hon Teng Limited to Report First Half, 2023 Results on Aug 07, 2023 FIT Hon Teng Limited announced that they will report first half, 2023 results on Aug 07, 2023 New Risk • Jul 06
New major risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Duyuru • May 04
K2 Acquisitions Corp. entered into a share purchase agreement to acquire 4.39% stake in Autotalks, Ltd. from FIT Hon Teng Limited for $15 million. K2 Acquisitions Corp. entered into a share purchase agreement to acquire 4.39% stake in Autotalks, Ltd. from FIT Hon Teng Limited for $15 million on May 3, 2023. Reported Earnings • May 03
Full year 2022 earnings released: EPS: US$0.024 (vs US$0.02 in FY 2021) Full year 2022 results: EPS: US$0.024 (up from US$0.02 in FY 2021). Revenue: US$4.53b (flat on FY 2021). Net income: US$169.6m (up 23% from FY 2021). Profit margin: 3.7% (up from 3.1% in FY 2021). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 15
Full year 2022 earnings released: EPS: US$0.024 (vs US$0.02 in FY 2021) Full year 2022 results: EPS: US$0.024 (up from US$0.02 in FY 2021). Revenue: US$4.53b (flat on FY 2021). Net income: US$169.6m (up 23% from FY 2021). Profit margin: 3.7% (up from 3.1% in FY 2021). Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 7% per year. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Hubert Chan was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 03
First half 2022 earnings released: EPS: US$0.012 (vs US$0.001 in 1H 2021) First half 2022 results: EPS: US$0.012 (up from US$0.001 in 1H 2021). Revenue: US$2.10b (up 6.0% from 1H 2021). Net income: US$85.1m (up US$75.9m from 1H 2021). Profit margin: 4.1% (up from 0.5% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 10
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down US$9.26m from profit in 1H 2021). Profit margin: (down from 0.5% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 1.6%, compared to a 21% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 21% per year. Duyuru • Jul 30
FIT Hon Teng Limited to Report First Half, 2022 Results on Aug 09, 2022 FIT Hon Teng Limited announced that they will report first half, 2022 results on Aug 09, 2022 Duyuru • Jul 19
Fit Hon Teng Limited Announces Profit Guidance for the Six Months Ended June 30, 2021 FIT Hon Teng Limited announced the profit guidance for the six months ended June 30, 2021. The company expects the unaudited net profit attributable to owners of the Company is anticipated to increase to USD 80 million to 90 million from USD 8 million for the six months ended June 30, 2021. The increase in net profit was mainly attributable to: (1) operational recovery from anti-pandemic measures; (2) product mix; and (3) foreign exchange fluctuation. Duyuru • May 12
FIT Hon Teng Limited to Report Q1, 2022 Results on May 15, 2022 FIT Hon Teng Limited announced that they will report Q1, 2022 results on May 15, 2022 Reported Earnings • May 02
Full year 2021 earnings released: EPS: US$0.02 (vs US$0.006 in FY 2020) Full year 2021 results: EPS: US$0.02 (up from US$0.006 in FY 2020). Revenue: US$4.49b (up 4.1% from FY 2020). Net income: US$137.6m (up 224% from FY 2020). Profit margin: 3.1% (up from 1.0% in FY 2020). Over the next year, revenue is forecast to stay flat compared to a 26% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Hubert Chan was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Mar 23
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Hubert Chan was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 18
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$0.02 (up from US$0.006 in FY 2020). Revenue: US$4.49b (up 4.1% from FY 2020). Net income: US$137.6m (up 224% from FY 2020). Profit margin: 3.1% (up from 1.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.5%. Over the next year, revenue is expected to shrink by 1.1% compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Duyuru • Mar 01
Fit Hon Teng Limited Provides Earnings Guidance for the Year Ended December 31, 2021 FIT Hon Teng Limited Provides Earnings Guidance for the Year Ended December 31, 2021. For the period, the company and potential investors expects that, based on a preliminary assessment of the unaudited consolidated management accounts of the Group and other information currently available to the Company, the net profit attributable to owners of the Company is anticipated to increase to a range of USD 130 to USD 140 million for FY2021 from USD 43 million for the year ended December 31, 2020. The increase in net profit was mainly attributable to the absence in FY2021 of one time events in FY2020 including the writedown for fair value changes relating to unlisted convertible preferred shares, and income tax expenses relating to profits of prior years which expenses were recognized in year 2020, and a litigation settlement payment receipt in the fourth quarter of 2021 as disclosed in the Company's announcement dated December 17, 2021. Duyuru • Sep 24
FIT Hon Teng Limited Launches the Standard Epidemic Prevention Procedures and Disinfected the Relevant Work Areas FIT Hon Teng Limited announced that one of its employees in New Taipei City, Taiwan was tested positive for COVID-19 on September 22, 2021. The employee and his six close contacts are under quarantine. The Company has also launched the standard epidemic prevention procedures and disinfected the relevant work areas. Since the Company's production facilities in New Taipei City, Taiwan continue to adopt alternate work arrangements to reduce the flow of people and social contact, this COVID-19 infected case does not affect the operations of the Group. Duyuru • Aug 17
Point2 Technology and Foxconn Interconnect Technology Announce Expanded Production of Point2’s Active Electrical Cable Point2 Technology and Foxconn Interconnect Technology announced expanded production of Point2’s Active Electrical Cable (AEC). The solution reflects the increased demand for the company’s first 400GBASE-SR4 AEC based on its C-Tube™ technology and a proprietary PAM4 SoC. Point2’s partnership with FIT demonstrates the ability to produce high performance interconnect solutions and offer a low cost, high-performance alternative to expensive AOCs and performance-limited DACs to proliferate 400G disaggregated chassis configurations at hyperscalers and service providers. The company will be able to get to production quickly because of Point2’s comprehensive reference design including the “paddle board” PCB, software and built-in self-test capabilities ideal for high quality volume manufacturing. Unlike other AEC Ethernet solutions that do not include self-test capability, the PT-QD20132 has an integrated processor that provides access to Digital Diagnostic Monitoring (DMM) via the 2-wire QSFP management interface. This enables eye monitoring, PRBS pattern generation and checking, user-defined pattern generation, DC offset and phase calibration, eye and equalizer calibration, and loss of signal detection, without the need for external circuits. In addition, customization firmware can be downloaded to the PT-QD20132 to satisfy the needs of specific applications. The hot-pluggable PT-QD20132 accepts eight lanes of 53.125 Gb/s PAM4-modulated signals in each direction over a length of 7 m for an aggregated data rate of 425 Gb/s, and bit error rate performance is 10-8 or less. It easily replaced existing AOC assemblies because it has the same standard QSFP56-DD form factor, so it can replace bulky 400G QSFP56 DAC copper cables as well. The PT-QD20132 consumes just 4.5 W per cable end at 3.3 VDC and has a bend radius is 3 cm. The PAM4 SoC in the PT-QD20132 has embedded clock and data recovery (CDR) functionality and employs low-power, high-performance digital signal processing to compensate for the effects of intersymbol interference. A unique feature of the PT-QD20132 is its self-test capability enabled by an integrated MCU that provides access to Digital Diagnostic Monitoring (DMM) via a two-wire QSFP management interface. These capabilities allow eye monitoring, PRBS pattern generation and checking, user-defined pattern generation, DC offset and phase calibration, eye and equalizer calibration, and loss of signal detection, without the need for external circuits. In addition, customization firmware can be downloaded to the PT-QD20132 to satisfy the needs of specific applications. Foxconn Interconnect Technology (FIT) and Point2 will be demonstrating its low-power 400G Active Electrical Cable (AEC) SoC and reference design at Designcon at the San Jose McEnery Convention Center, August 16-18, 2021. The PT-QD20132 is available in lengths of 3, 5, and 7 m terminated in 76-pin edge connectors. It is sampling now and expected to be in production by the second quarter of 2022. Module manufacturers are encouraged to contact Point2 Technology for information about integrating the company’s PAM4 SoC into their products. Reported Earnings • Aug 12
First half 2021 earnings released: EPS US$0.001 (vs US$0.003 in 1H 2020) The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: US$1.98b (up 3.4% from 1H 2020). Net income: US$9.26m (down 58% from 1H 2020). Profit margin: 0.5% (down from 1.2% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Reported Earnings • May 04
Full year 2020 earnings released: EPS US$0.006 (vs US$0.036 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$4.31b (down 1.3% from FY 2019). Net income: US$42.5m (down 82% from FY 2019). Profit margin: 1.0% (down from 5.4% in FY 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS US$0.006 (vs US$0.036 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$4.31b (down 1.3% from FY 2019). Net income: US$42.5m (down 82% from FY 2019). Profit margin: 1.0% (down from 5.4% in FY 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Duyuru • Mar 17
FIT Hon Teng Limited to Report Fiscal Year 2020 Results on Mar 26, 2021 FIT Hon Teng Limited announced that they will report fiscal year 2020 results on Mar 26, 2021 Is New 90 Day High Low • Jan 26
New 90-day high: €0.42 The company is up 12% from its price of €0.38 on 27 October 2020. The German market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.53 per share. Is New 90 Day High Low • Nov 26
New 90-day low: €0.28 The company is down 7.0% from its price of €0.30 on 28 August 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.41 per share. Duyuru • Oct 15
Belkin, Announces Four New Products Across Its Mobile Power, Screen Protection and Accessories Categories Engineered Belkin, the connected things division within the Belkin International and Foxconn Interconnect Technology (FIT) announced four new products across its mobile power, screen protection and accessories categories engineered and designed for iPhone 12 mini, iPhone 12, iPhone 12 Pro and iPhone 12 Pro Max. Leveraging the latest innovative features introduced on iPhone 12 models, Belkin mobile accessories offer secure wireless charging capabilities up to 15W, compatible with the new MagSafe system, flexible and reliable glass material for even more screen protection, and ultimate hands-free convenience for using phone when driving. The BOOST?CHARGE™ PRO MagSafe 3-in-1 Wireless Charger is designed to be ultra-convenient and ultra-fast providing up to 15W of wireless charging power, compatible with MagSafe. MagSafe features an array of magnets around the wireless charging coil of iPhone to allow accessories and wireless charging solutions to perfectly connect and align to iPhone every time. The BOOST?CHARGE™ PRO MagSafe 3-in-1 Wireless Charger also provides 5W charging power for AirPods Pro and AirPods with Wireless Charging Case, and a wireless charging module for Apple Watch. It features a non-slip design to support device in portrait or landscape mode and is compatible with MagSafe cases up to 3mm thick. The MagSafe Car Vent Mount PRO simplifies and enhances the in-car experience, providing a safe, convenient and stylish way to use iPhone 12 models on the road. The powerful magnet module uses MagSafe to keep the device in place while offering convenient view in portrait or landscape mode. The intuitive cable management keeps cable at fingertips. Designed exclusively to fit iPhone 12 models, it features a slim-profile and premium finishes, for a bold, refined look. iPhone 12 models feature a new Ceramic Shield front cover, tougher than any smartphone glass, providing the biggest jump in durability ever on iPhone. The UltraGlass screen protector gives users extra protection with German-engineered lithium aluminosilicate (LAS) glass, the next generation of screen protection for improved flexibility and reliability. Chemically strengthened through a double-ion exchange process, UltraGlass screen protector is 2x stronger than tempered glass and provides best-in-class performance for added impact and scratch protection while maintaining native screen experience with ultra-slim design. The UltraGlass screen protector is first-to-market with use of LAS materials in screen protection, developed to ensure even more protection for iPhone 12 models. Enjoy two-way privacy filters for full-screen privacy when viewed from side with UltraGlass Privacy Screen Protector. Reported Earnings • Oct 02
First half earnings released Over the last 12 months the company has reported total profits of US$155.8m, down 32% from the prior year. Total revenue was US$4.37b over the last 12 months, up 3.9% from the prior year. 
