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Electronic Technology

Hon Hai Precision Industry Co., Ltd.

Company Background

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.

Business Summary

Hon Hai Precision Industry Co., Ltd. engages in manufacturing, sales, and service of various connectors, chassis, radiators, wired or wireless communication products, optical products, power supply modules, application module assembly products, and network cable assembly products involved in the information, communication, automation equipment, precision machinery, automobile, and consumer electronics industries. It operates through the following product segments: Smart Consumer Electronics, Cloud and Networking Products, Computing Products, and Components and Others. The Smart Consumer Electronics segment includes smartphones, televisions, and game consoles. The Cloud and Networking Products segment focuses on servers and communication network. The Computing Products is involved in computers and tablets. The Components and Others segment offers connectors, mechanical parts, and services. The company was founded by Tai Ming Kuo on February 20, 1974 and is headquartered in New Taipei, Taiwan.

Financial Highlights

Dec 2022 TWDUSD
Gross Profit400,085.15M13,419.83M
Operating income173,787.84M5,829.27M
Income before tax181,738.69M6,095.96M
Net income141,482.71M4,745.67M
Diluted EPS10.050.33
Dividends Per Share5.300.17
Total Assets4,133.97B134,501.61M
Total liabilities2,477.80B80,616.90M
Total equity1,450.54B47,194.44M
Operating cash flow132,993.58M4,460.93M
Currency in TWDCurrency in USD

Historical Data

 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 5,293.80B 5,342.81B 5,358.02B 5,994.17B 6,626.99B
Gross Profit 332,029.90M 315,868.42M 302,918.72M 362,127.04M 400,085.15M
Operating income 136,146.87M 114,896.88M 110,827.44M 148,959.49M 173,787.84M
Income before tax 154,019.72M 144,243.89M 137,646.78M 175,167.02M 181,738.69M
Net income 129,065.10M 115,308.73M 101,794.80M 139,320.33M 141,482.71M
EBITDA 195,334.67M 181,905.74M 175,941.18M 224,440.65M 249,390.14M
Diluted EPS 9.19 8.23 7.27 9.91 10.05
Dividends Per Share 4 4.20 4 5.20 5.30
Total Assets 3,381.35B 3,320.94B 3,674.27B 3,908.87B 4,133.97B
Total liabilities 2,045.58B 1,918.27B 2,195.53B 2,330.88B 2,477.80B
Total equity 1,211.87B 1,239.98B 1,297.27B 1,380.45B 1,450.54B
Operating cash flow -25,748.60M 265,267.52M 384,203.05M -67,612.73M 132,993.58M
 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 175,556.20M 172,835.41M 181,970.13M 214,599.81M 222,285.71M
Gross Profit 11,010.97M 10,218.07M 10,287.77M 12,964.65M 13,419.83M
Operating income 4,514.98M 3,716.81M 3,763.94M 5,332.95M 5,829.27M
Income before tax 5,107.69M 4,666.16M 4,674.78M 6,271.22M 6,095.96M
Net income 4,280.13M 3,730.14M 3,457.17M 4,987.86M 4,745.67M
EBITDA 6,477.80M 5,884.49M 5,975.34M 8,035.28M 8,365.15M
Diluted EPS 0.30 0.26 0.24 0.35 0.33
Dividends Per Share 0.13 0.13 0.13 0.18 0.17
Total Assets 110,009.29M 110,782.99M 130,766.44M 141,283.06M 134,501.61M
Total liabilities 66,551.38M 63,991.58M 78,138.32M 84,247.68M 80,616.90M
Total equity 39,427.35M 41,364.52M 46,169.73M 49,895.44M 47,194.44M
Operating cash flow -853.89M 8,581.18M 13,048.37M -2,420.63M 4,460.93M

Valuation Measures

Dec 2022
Operating margin2.62%
Profit margin2.13%

Key executives

  • Chairman, President & General Manager: Yang Wei Liu
  • Financial Director & Manager-Corporate Governance: Te Tsai Huang
  • Chief Information Security Officer: Wei Bin Lee
  • Vice President & Head-Semiconductor Business Group: Wei-Ming Chen
  • Deputy General Manager: Wei Ming Chen


  • KUO TAI MING /HONHAI/ (12.5%)
  • The Vanguard Group, Inc. (2.7%)
  • BlackRock Fund Advisors (1.9%)
  • Hon Hai Precision Industry Co., Ltd. (1.4%)
  • Yuanta Securities Investment Trust Co., Ltd. (1.2%)
  • Norges Bank Investment Management (1.0%)
  • Dimensional Fund Advisors LP (0.6%)
  • Schroder Investment Management Ltd. (0.5%)
  • Cathay Securities Investment Trust Co., Ltd. (0.5%)
  • BlackRock Advisors (UK) Ltd. (0.5%)

Contact Details

  • Website:
  • Address: No. 2 Tzu Yu Street, Tucheng District, New Taipei, 236 78, Taiwan
  • Phone: +886.2.22683466

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Last Updated on 31 May, 2023

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