Foxconn Industrial Internet (601138) H2 2025 earnings summary

Executive summary

• Achieved revenue of RMB 902.89 billion in 2025, up 48.22% year-over-year; net profit attributable to shareholders reached RMB 35.29 billion, up 51.99% year-over-year.

• Cloud computing business drove growth, with AI-related revenue surging and AI server sales more than tripling year-over-year.

• Maintained leading positions in AI servers, high-speed network equipment, and precision components for mobile devices.

• Expanded industrial internet solutions, adding four new lighthouse factories and deepening AI integration in manufacturing.

Financial highlights

• Total assets at year-end: RMB 456.22 billion, up 43.68% from previous year.

• Net assets attributable to shareholders: RMB 166.78 billion, up 9.23% year-over-year.

• Operating cash flow: RMB 5.24 billion, down 78.01% year-over-year.

• Basic and diluted EPS: RMB 1.78, up 52.14% year-over-year.

• Quarterly revenue and net profit showed sequential growth throughout the year.

Outlook and guidance

• AI infrastructure demand expected to remain robust, with global AI server shipments projected to grow 28.3% in 2026.

• Focus on expanding AI, cloud, and industrial internet businesses, leveraging innovation and strategic partnerships.

• Plans to further integrate AI with industrial internet and empower more sectors with digital solutions.