Core Viewpoint - Foxconn Industrial Internet Co., Ltd. will hold an online performance briefing for the 2024 annual report and the first quarter of 2025 on May 16, 2025, to provide investors with insights into the company's operational results and financial status [1]. Group 1: Meeting Details - The performance briefing is scheduled for May 16, 2025, from 15:00 to 16:00 [1]. - The meeting will be conducted online, and investors can participate via the Shenzhen Roadshow Network Technology Co., Ltd. website [1]. - Investors can submit questions via email to the company's investor relations before May 15, 2025, and the company will address common inquiries during the briefing [1]. Group 2: Participants and Contact Information - Key participants in the briefing include Chairman and General Manager Zheng Hongmeng, Independent Director Liao Cuiping, and Secretary of the Board Liu Zongchang [1]. - For inquiries, investors can contact Jie Xiaoxiao at phone number 0755-3359 5881 [1]. Group 3: Additional Information - After the briefing, the company will publish a written record of the meeting on the Shanghai Stock Exchange e-interaction platform for investors to review [1].

证券代码：601138 证券简称：工业富联 公告编号：临 2025-037 号 富士康工业互联网股份有限公司 关于召开 2024 年年度暨 2025 年第一季度 网上业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 二、说明会召开的时间、地点 四、投资者参加方式 重要内容提示： 一、说明会类型 公司已于 2025 年 4 月 30 日在上海证券交易所网站（www.sse.com.cn）及指定媒 体披露《富士康工业互联网股份有限公司 2024 年年度报告》《富士康工业互联网股份 有限公司 2025 年第一季度报告》。为使广大投资者更全面深入了解公司 2024 年年度 及 2025 年第一季度经营成果、财务状况，公司将于 2025 年 5 月 16 日（星期五）通 过网络方式举行 2024 年年度暨 2025 年第一季度业绩说明会。 （一）会议召开时间：2025 年 5 月 16 日（星期五）下午 15:00-16:00 （二）会议召开方式：网络方式 （三）网络直播地址：投资者可直接登录深圳市路演中网络科技有限公司 ...

Investment Rating - The report maintains a "Recommended" investment rating for the company, indicating an expected stock performance that will outperform the market by 10% to 20% over the next six months [1][13]. Core Insights - The company benefits from the global demand for AI computing power, leading to steady growth in its performance. In 2024, the company achieved a revenue of 609.135 billion yuan, a year-on-year increase of 27.88%, and a net profit attributable to shareholders of 23.216 billion yuan, up 10.34% year-on-year [4][8]. - For Q1 2025, the company reported a revenue of 160.415 billion yuan, reflecting a year-on-year growth of 35.16%, and a net profit of 5.231 billion yuan, which is a 24.99% increase year-on-year [4][8]. Financial Performance Summary - **Revenue and Profit Growth**: The company is projected to achieve revenues of 717.968 billion yuan in 2025, with a year-on-year growth of 17.9%, and net profits of 29.210 billion yuan, reflecting a growth of 25.8% [6][11]. - **Profit Margins**: The gross margin is expected to be 6.7% in 2025, while the net margin is projected at 4.1% [11]. - **Earnings Per Share (EPS)**: The EPS is forecasted to be 1.47 yuan in 2025, with a corresponding price-to-earnings (P/E) ratio of 12.3 [6][11]. Business Segment Performance - **Cloud Computing**: The cloud computing segment saw a revenue increase of over 50%, with AI server revenue growing by more than 150%, making it a core growth driver for the company [8][9]. - **Telecommunications Equipment**: The telecommunications and mobile network equipment business achieved stable revenue growth of 3.20%, with significant increases in high-speed switch sales [9]. Valuation Metrics - The report adjusts the earnings forecast for 2025-2027, with EPS estimates of 1.47 yuan, 1.73 yuan, and 2.09 yuan respectively, leading to P/E ratios of 12.3X, 10.4X, and 8.7X based on the closing price as of April 30 [9][11].

Investment Rating - The investment rating for the company is "Buy" [1] Core Views - The company is expected to benefit significantly from the AI wave, with multiple engines driving growth [1][3] - The cloud computing business is experiencing high growth, with AI server revenue increasing dramatically [3] - The company has established strong R&D and manufacturing advantages in the AI server sector, leading to increased customer loyalty [3] Financial Performance Summary - In 2024, the company achieved a total revenue of 609.135 billion yuan, a year-on-year increase of 27.88%, and a net profit attributable to shareholders of 23.216 billion yuan, up 10.34% year-on-year [1] - The gross profit margin and net profit margin for 2024 were 7.28% and 3.82%, respectively, showing a decrease of 0.78 percentage points and 0.59 percentage points year-on-year [1] - For Q1 2025, the company reported revenue of 1604.15 billion yuan, a year-on-year increase of 35.16%, and a net profit of 5.231 billion yuan, up 24.99% year-on-year [1] Business Segment Performance - The cloud computing segment's revenue reached 319.377 billion yuan in 2024, growing by 64.37% year-on-year, and accounted for over 50% of total revenue for the first time [3] - AI server revenue saw a year-on-year increase of over 150%, making up more than 40% of the cloud computing segment's revenue [3] - The telecommunications and mobile network equipment business achieved stable growth, with a 10% increase in shipments of 5G terminal precision components in 2024 [3] Future Projections - Revenue projections for 2025, 2026, and 2027 are estimated at 802.738 billion yuan, 935.562 billion yuan, and 1,035.357 billion yuan, respectively, with year-on-year growth rates of 32%, 17%, and 11% [3] - Net profit projections for the same years are 28.638 billion yuan, 34.491 billion yuan, and 36.494 billion yuan, with year-on-year growth rates of 23%, 20%, and 6% [3]

Investment Rating - The investment rating for the company is "Buy" [1] Core Views - The company is expected to benefit significantly from the AI wave, with multiple growth engines contributing to its expansion [1][3] - In 2024, the company achieved a revenue of 609.135 billion yuan, a year-on-year increase of 27.88%, and a net profit of 23.216 billion yuan, up 10.34% year-on-year [1] - The first quarter of 2025 saw a revenue of 160.415 billion yuan, representing a year-on-year growth of 35.16%, with a net profit of 5.231 billion yuan, up 24.99% year-on-year [1] Summary by Sections Financial Performance - In 2024, the company reported a gross margin of 7.28% and a net margin of 3.82%, with slight declines of 0.78 percentage points and 0.59 percentage points year-on-year respectively [1] - The company's cloud computing business revenue reached 319.377 billion yuan in 2024, growing by 64.37% year-on-year, marking its first time exceeding 50% of total revenue [3] - AI server revenue saw a year-on-year increase of over 150%, accounting for more than 40% of cloud computing revenue [3] Business Segments - The telecommunications and mobile network equipment segment achieved stable growth, with revenue of 287.898 billion yuan in 2024 [3] - The company is positioned to benefit from the ongoing evolution of AI terminals and the high-end trend in related products [3] Future Projections - Revenue projections for 2025, 2026, and 2027 are estimated at 802.738 billion yuan, 935.562 billion yuan, and 1,035.357 billion yuan respectively, with year-on-year growth rates of 32%, 17%, and 11% [3] - Net profit forecasts for the same years are 28.638 billion yuan, 34.491 billion yuan, and 36.494 billion yuan, with growth rates of 23%, 20%, and 6% respectively [3]

Group 1 - Industrial Fulian (601138.SH) reported its Q1 2025 results, with 68 institutional investors holding a total of 17.238 billion shares, representing 86.80% of the total share capital [1] - The top ten institutional investors collectively hold 86.39% of the shares, with a slight decrease of 0.42 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, 22 funds increased their holdings, including notable funds such as Guotai CSI All-Share Communication Equipment ETF and E Fund Vision Growth Mixed A [2] - Conversely, 14 funds reduced their holdings, with significant reductions from funds like Southern Growth Pioneer Mixed A and Huaxia CSI 5G Communication Theme ETF [2] - A total of 15 new public funds were disclosed this period, including Manulife Transformation Opportunity Stock A and Harvest Information Industry Stock Initiation A [2] - Additionally, 654 public funds were not disclosed this period, including major ETFs like Huatai-PineBridge CSI 300 ETF and E Fund CSI 300 ETF [2]

证券代码：601138 证券简称：工业富联 公告编号：2025-034 富士康工业互联网股份有限公司 2025年第一次临时股东大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 4,957 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 17,087,590,393 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 86.0451 | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事会召集，会议现场以现场投票和网络投票相结合的方式 进行表决，由董事长郑弘孟先生主持。会议的召集、召开和表决符合《公司法》 (一) 股东大会召开的时间：2025 年 4 月 30 日 (二) 股东大会召开的地点：广东省深圳市南山区高新技术产业园区南区科苑 大道与学府路交汇处高新区联合总部大厦 52 层 ...

证券代码：601138 证券简称：工业富联 公告编号：2025-036 富士康工业互联网股份有限公司 关于以集中竞价交易方式回购股份的回购报告书 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： ● 回购股份价格：本次回购股份的价格为不超过人民币 20.00 元/股，不高于公司 董事会通过回购决议前 30 个交易日公司股票交易均价的 150%； ● 回购股份数量：在回购股份价格不超过人民币 20.00 元/股的条件下，若按照回 购资金总额上限测算，预计可回购数量约为 5,000 万股，约占公司目前总股本的 0.2518%；若按照回购资金总额下限测算，预计可回购数量约为 2,500 万股，约占 公司目前总股本的 0.1259%。具体回购股份的数量以回购期限届满时实际回购的股 份数量为准； ● 相关风险提示： ● 回购股份金额：不低于人民币 5 亿元（含），不超过人民币 10 亿元（含）； ● 回购股份资金来源：富士康工业互联网股份有限公司（以下简称"公司"或"本 公司"）自有资金； ● 回购股份用途：注销以减少 ...

会社霍师事务所 ING&WOD 北京市朝阳区东三环中路1号 环球金融中心办公楼东楼18层 邮编:100020 18th Floor, East Tower, World Financial Center Dongsanhuan Zhonglu Chaovang District Beiling, 100020 P.R. China -86 10 5878 5588 北京市金杜律师事务所 关于富士康工业互联网股份有限公司 2025年第一次临时股东大会之 法律意见书 致:富士康工业互联网股份有限公司 北京市金杜律师事务所（以下简称本所）接受富士康工业互联网股份有限公司 （以下简称公司）委托，根据《中华人民共和国证券法》（以下简称《证券法》）、 《中华人民共和国公司法》（以下简称《公司法》）、中国证券监督管理委员会《上 市公司股东会规则（2025年修订）》（以下简称《股东会规则》）等中华人民共和国 境内(以下简称中国境内,为本法律意见书之目的,不包括中国香港特别行政区、中 国澳门特别行政区和中国台湾地区）现行有效的法律、行政法规、规章和规范性文件 和现行有效的公司章程有关规定,指派律师出席了公司于 2025年 4 ...

证券代码：601138 证券简称：工业富联 公告编号：临 2025-035 号 富士康工业互联网股份有限公司 关于回购股份减少注册资本通知债权人的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、通知债权人的原由 （一）债权人可采用邮寄信函方式申报债权。债权申报所需材料为能证明债权债 务关系存在的合同、协议及其他凭证的复印件。 富士康工业互联网股份有限公司（以下简称"公司"）于 2025 年 4 月 14 日召开 第三届董事会第二十次会议、第三届监事会第十六次会议，审议通过了《关于以集中 竞价交易方式回购公司股份的议案》，并于 2025 年 4 月 30 日召开 2025 年第一次临时 股东大会审议通过了上述议案。公司拟使用自有资金不低于人民币 5 亿元（含）且不 超过人民币 10 亿元（含），以集中竞价交易方式进行股份回购，回购股份的价格不超 过人民币 20.00 元/股，回购股份数量约为 2,500 万股~5,000 万股（依照回购价格上限 测算），占公司总股本比例为 0.1259%至 0.2518%，回购股份将注 ...