Netcom employees will be on vacation until September, Foxconn says it is operating normally, no large-scale situation

　　Prior to the press conference of the State Council's joint defense and control mechanism, it was officially disclosed that Foxconn's overall recovery rate was 93.7%.

　　Beijing News (Reporter Liang Chen) On May 8th, it was reported that the sales of Apple's mobile phones have been reduced due to the epidemic, which has led to a reduction in Foxconn orders and some employees will take four months from this month to September 1. In response, Foxconn Technology Group responded to a reporter from the Beijing News that "currently, the factories in the mainland of the group are operating normally, and there is no such thing as large-scale layoffs and vacations."

　　At a press conference of the Joint Defense and Joint Control Mechanism of the State Council on March 30, the official disclosure revealed that the average return rate for the electronic information industry has reached 95%. Foxconn's 27 major factories have resumed 810,000 people, and the overall resumption rate is 93.7%. Nearly 100 core supporting enterprises have resumed production, driving more than 10,000 upstream and downstream small and medium-sized enterprises to resume production, stabilizing the global supply chain.

　　On the same day, Foxconn released its fourth quarter 2019 performance report, showing revenue of NT $ 1.74 trillion, a year-on-year decrease of 4%; net profit of NT $ 47.766 billion, a year-on-year decrease of 24%. Revenue in 2019 was NT $ 5.34 trillion, a year-on-year increase of 1%, and net profit was NT $ 115.309 billion, a year-on-year decrease of 11%.

　　Foxconn did not hold a performance briefing. According to external analysis, affected by the decline in sales of Apple ’s iPhone in the Chinese market, Apple lowered its quarterly revenue forecast in January. This is the first time in 15 years that it has lowered its expectations. Then Apple announced that revenue for the first fiscal quarter of fiscal year 2019 (ie, fourth quarter of 2018) fell 4.5% year-on-year, and iPhone sales fell 15%.

　　However, with the change of the new crown epidemic situation, on May 5, Foxconn announced that its consolidated revenue in April was NT $ 380.925 billion, a year-on-year increase of 0.3%, which is the single-month high since 2020 and the highest in the same period in history. Foxconn pointed out that the second quarter had the effect of deferring orders in the first quarter, and the target first-half performance was flat compared with the same period in previous years.

　　Judging from the four major product lines announced by Foxconn, the performance of components and other products has not yet recovered to the best. The cumulative revenue for the first four months was 1.31 trillion yuan, a year-on-year decrease of 8.74%. For full-year operations, Foxconn expects the growth rate to be slightly lower than previously expected, but the performance will increase slightly.

　　On the evening of April 23, Foxconn held the 2020 Spring Campus Recruitment Seminar, with 14,846 viewers. Foxconn said that for many people, Foxconn stayed on the label of manufacturing generation processing enterprises. The Group's deployment of industrial Internet transformation in 2014 has brought talent transformation and upgrading.

　　In recent years, Foxconn has expanded its business to the field of foundry accidents, including the launch of its own consumer brand and its entry into new areas such as semiconductors and robotics. Starting in 2017, Foxconn has successively launched semiconductor projects in Nanjing, Jinan, Zhuhai and other places.

　　Reporter Liang Chen