Hon Hai Precision Industry Co., Ltd.
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Hon Hai Precision Industry, the world's largest contract manufacturing company, employs more than 1 million workers in China, its main production base. The company produces smartphones, tablet computers and television sets for clients from around the world. It makes the most of its metal mold technology and low-cost production to deliver new products to customers fast.
The company was set up in 1974 by Chairman Terry Gou. After expanding operations through the connector business, it made a full-scale move into contract manufacturing in the 1990s. Business ties with Apple deepened in the 2000s, and the company grew rapidly thanks to orders from the U.S. electronics giant, primarily for smartphones.
Recently, however, Apple's growth has slowed. Hon Hai has thus been looking to diversify its operations. It entered the telecom market by winning a Taiwan fourth-generation high-speed mobile spectrum license in a 2013 auction. In contract manufacturing too, it aims at expanding the range of items it produces. In June this year, Hon Hai acquired a stake in the robotics subsidiary of Japan's SoftBank. Hon Hai is also looking to relocate some production to India and Southeast Asian countries because of rising labor costs in China. It is also stepping up efforts to automate production at plants by introducing industrial robots.
Chairman Gou is known as a charismatic business executive, but the absence of a successor to him is a problem for the company.
|Income before tax||137,646.78M||4,674.78M|
|Dividends Per Share||4||0.13|
|Operating cash flow||384,203.05M||13,048.37M|
|Currency in TWD||Currency in USD|
|Dec 2016||Dec 2017||Dec 2018||Dec 2019||Dec 2020|
|Income before tax||197,122.29M||172,055.87M||154,019.72M||144,243.89M||137,646.78M|
|Dividends Per Share||5.62||2.50||4||4.20||4|
|Operating cash flow||190,685.52M||-18,834.07M||-25,748.60M||265,267.52M||384,203.05M|
|Dec 2016||Dec 2017||Dec 2018||Dec 2019||Dec 2020|
|Income before tax||6,112.16M||5,655.50M||5,107.69M||4,666.16M||4,674.78M|
|Dividends Per Share||0.17||0.08||0.13||0.13||0.13|
|Operating cash flow||5,912.58M||-619.07M||-853.89M||8,581.18M||13,048.37M|
- Chairman & Chief Executive Officer: Yang-wei Liu
- Head-Finance & Deputy Spokesman: Te Tsai Huang
- Deputy General Manager: Wei Ming Chen
- Associate Vice President: Jim Hung
- Manager: Yi Hsiung Chou
- KUO TAI MING /HONHAI/ (12.5%)
- The Vanguard Group, Inc. (2.6%)
- BlackRock Fund Advisors (2.1%)
- Fidelity Management & Research Co. LLC (2.0%)
- GIC Pte Ltd. (Investment Management) (1.8%)
- Labor Pension New Fund (1.6%)
- Norges Bank Investment Management (1.2%)
- Hon Hai Precision Industry Co., Ltd. (1.0%)
- Fubon Life Insurance Co., Ltd. (1.0%)
- Schroder Investment Management Ltd. (0.8%)
- Address: No. 2 Tzu Yu Street, Tucheng District, New Taipei, 236 78, Taiwan
- Phone: +886.2.2268.3466
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