Foxconn Industrial Internet Co.,Ltd.’s Net Profit Dropped 4% in First Quarter of 2023

Foxconn Industrial Internet Co.,Ltd. (富士康工业互联网股份有限公司) (601138.SH) reported a net profit of 3.1 billion yuan in the first quarter of 2023, down 4% year-on-year.

Meanwhile, the company posted 105.9 billion yuan in revenue, up 0.8% year-on-year.

At the end of the reporting period, it had 257.6 billion yuan in total assets and 125.1 billion yuan in total liabilities, with a liability-to-asset ratio of 48.6%.