Foxconn Industrial Internet reports on raised funds, plans new investments

Foxconn Industrial Internet (FII) [SSE:601138]’s 2024 annual report detailed its utilization of raised funds and shifts in investment strategy. The company disclosed RMB 26,716.44 million in net raised funds as of December 31, 2024, while outlining the year’s expenditures. It spent a total of RMB 1,511.21 million on raised funds during the year. As the company transitions towards a greater focus on technological upgrades the board approved a plan to reallocate funds to other projects.