LUXSHARE-ICT(SZ:002475) Mei Ri Jing Ji Xin Wen·2025-08-20 13:32Core Viewpoint - The hiring season at Foxconn's Zhengzhou Economic Development Zone has seen a decrease in hourly wages from 30 yuan to 26.5 yuan, but overall compensation remains higher than previous years due to additional bonuses [1][3][6]. Group 1: Employment and Wages - The initial hourly wage during the peak hiring period in early July was 30 yuan, which has now decreased to 26.5 yuan as the hiring season nears its end [1][3]. - Workers can receive a 500 yuan bonus for completing a month of work, bringing the effective hourly wage to approximately 27.5 yuan, which is higher than the previous year's range of 23 to 25 yuan [3][6]. - There are three main wage models currently offered: 26.5 yuan per hour, 27.5 yuan with the monthly bonus, and an additional 8,500 yuan after 90 days of work [3][6]. Group 2: Recruitment Trends - Foxconn is primarily hiring temporary workers for three-month contracts, with fewer permanent positions being offered [6][7]. - The preference for hiring hourly workers allows for flexibility in staffing during peak periods, with the option for workers to leave once their contracts end if no additional orders are received [6][7]. - The Zhengzhou facility has maintained a stable workforce of around 200,000 employees as of 2023, with a significant portion being local residents [7][8]. Group 3: Production and Orders - There are indications that the initial orders for this year's iPhone have not decreased, suggesting stable demand for production [6][8]. - The Zhengzhou facility is involved in various stages of iPhone assembly, including the assembly of frames and screens [4][6].