HNHAF - Hon Hai Precision Industry: A Seasoned Tech Giant Set To Expand

• Foxconn, as it is popularly known, reported revenues of NT$1.292 billion - a 7% yearly decrease but an improvement on the previous quarter.
• Profit margin and operating margins showed improvement resulting from better expense management, leaving net income with a 0.66% increase compared to the previous year.
• The company recorded slightly improved ROA at 0.92 but decreased ROE at 2.25 due to growth in Shareholder’s Equity.
• There is still enough free cash flow to finance high levels of debt shown in its debt-to-equity ratio of 1.44.
• The future of the company lies with the success of Foxconn 3.0, the last step in its roadmap where investment is directed to diversification in areas of electrical vehicles, digital health and robotics industries.

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