Foxconn Industrial Internet (601138) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 reached RMB 243.17 billion, up 42.81% year-over-year; year-to-date revenue was RMB 603.93 billion, up 38.40% year-over-year.

• Net profit attributable to shareholders for Q3 was RMB 10.37 billion, up 62.04% year-over-year; year-to-date net profit was RMB 22.49 billion, up 48.52% year-over-year.

• Basic and diluted EPS for Q3 were RMB 0.52, up 62.50% year-over-year; year-to-date EPS was RMB 1.13, up 48.68%.

Financial highlights

• Gross margin improved as operating efficiency gains outpaced expense growth.

• Total assets at quarter-end were RMB 447.34 billion, up 40.88% from the previous year-end.

• Shareholders’ equity attributable to listed company shareholders was RMB 161.53 billion, up 5.79% from the previous year-end.

• Net cash flow from operating activities for the first nine months was negative RMB 4.14 billion, mainly due to increased inventory for strong AI server demand.

Outlook and guidance

• AI server market expansion and large-scale delivery of new-generation AI cabinet products are expected to continue driving growth.

• Cloud service provider business remains a key growth driver, with robust demand anticipated.