Foxconn Industrial Internet (601138) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 160.42 billion, up 35.16% year-over-year, driven by rapid AI server growth.

• Net profit attributable to shareholders was RMB 5.23 billion, a 24.99% increase compared to Q1 2024.

• Product mix optimization and strong performance in cloud computing and AI servers contributed to results.

Financial highlights

• Operating cash flow dropped 75.04% year-over-year to RMB 1.30 billion due to slower accounts receivable collection.

• Basic and diluted EPS were RMB 0.26, up 23.81% year-over-year.

• Gross margin and segment cost details not explicitly disclosed.

• Total assets at quarter-end were RMB 362.66 billion, up 14.22% from year-end 2024.

• Net assets attributable to shareholders rose to RMB 157.16 billion.

Outlook and guidance

• Cloud computing segment revenue grew over 50% year-over-year, with AI and general server sales both exceeding 50% growth.

• Cloud service provider server revenue up over 60%, brand customer server revenue up over 30% year-over-year.

• Communications and mobile network equipment aligned with digital economy and AI trends, supporting stable shipments.