Foxconn Industrial Internet forecasts strong Q1 revenue and profit growth

Foxconn Industrial Internet (SSE:601138) has released its preliminary financial results for the first quarter of 2025, projecting significant year-over-year growth in both revenue and net profit. The company anticipates revenue to be between CNY 1,590 billion and CNY 1,610 billion, representing a 34.0% to 35.6% increase. Net profit attributable to shareholders is estimated at CNY 52 billion to CNY 53 billion, a rise of 24.4% to 26.8%. The company cites improvements in its cloud computing business, with revenue from this segment growing over 50%, driven by strong sales of AI and general-purpose servers. Foxconn Industrial Internet also highlights its ability to manage global supply chains and adapt to changing trade conditions, with flexible production capacity across multiple regions. The company intends to continue increasing investment in Mainland China, focusing on automation and advanced manufacturing to support future growth.