Hon Hai chair fore­casts 10% growth in com­pany’s sales

The China Post - - LOCAL -

The chair­man of Tai­wan-based Hon Hai Pre­ci­sion In­dus­try Co. ( ), a ma­jor sup­plier of Ap­ple Inc., promised Thurs­day that his com­pany’s rev­enue will grow 10 per­cent this year.

Speak­ing at a meet­ing with share­hold­ers, Terry Gou (

) said he re­mains “highly op­ti­mistic” about Hon Hai’s growth in the medium and long term be­cause his com­pany’s busi­ness de­vel­op­ment “con­forms to its cus­tomer de­mand.”

Hon Hai, known out­side Tai­wan as Fox­conn Tech­nol­ogy Group ( ), is cur­rently de­vel­op­ing new busi­nesses to cater to the “In­dus­try 4.0” ini­tia­tive for smart plants, to China’s na­tional plan to boost its man­u­fac­tur­ing sec­tor by 2025, and to the de­ploy­ment of robots at Hon Hai’s own fac­to­ries, Gou said.

How­ever, he ad­mit­ted that it will be­come more dif­fi­cult for Hon Hai to grow by another 10 per­cent from a large base of around NT$4 tril­lion (US$129 bil­lion) in con­sol­i­dated rev­enue last year by sim­ply selling prod­ucts, so the com­pany will seek more sales con­tri­bu­tion from pro­vid­ing ser­vices to its cus­tomers.

Hon Hai re­ported con­sol­i­dated net op­er­at­ing in­come of NT$4.213 tril­lion in 2014, an in­crease of 6.6 per­cent from NT$3.952 tril­lion in 2013, and the com­pany’s net profit also grew 22.34 per­cent to a record high of NT$130.535 bil­lion in 2014.

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