Hon Hai's Jan. Revenue Shrinks 12.1% Annually to NT$92.395 B.

Taipei, Feb. 11, 2009 (CENS)--The Taiwan-based Hon Hai Precision Industry Co., Ltd., a globally leading EMS (electronic manufacturing service) provider, reported its sales revenue of NT$92.395 billion for January, dropping 24.3% from December 2008 or 12.1% from a year earlier, and hitting a single-month low in the past 20 months, according to company sources.

Hon Hai said that the sales decline was due partly to a seasonal industrial recession in the first quarter, and partly to the global economic downturn. Also, to counter shrinking orders and idle capacity, the firm was forced to cut employees' working hours to lower operating costs, causing its sales revenue to drop as result, according to institutional investors.

On the other hand, Hon Hai's affiliate Foxconn Technology Group, however, saw its combined revenue grow by 20% annually to NT$14.901 billion in January, thanks to its strong shipments of TV game consoles. The firm scored NT$163.3 billion in annual revenue for 2008, and is likely to push up the figure to over NT$200 billion this year.

In the meantime, Hon Hai Group's other affiliates, including Innolux Display Corp., CyberTAN Technology Inc. and Pan International Industrial Corp., all suffered sales declines in January.

Sale Performance of Hon Hai Group in Jan., 2009
Company	Sales Revenue	Month-on-month Growth Rate	Year-on-year Growth Rate
Hon Hai Precision Industry Co., Ltd.	NT$92.395 B.	-24.3%	-12.1%
Foxconn Technology Group	NT$14.901 B.	-6.4%	20.7%
Innolux Display Corp.	NT$8.872 B.	-1.4%	-40.4%
CyberTAN Technology Inc.	NT$737 M.	-17.4%	-42.5%
Pan International Industrial Corp.	NT$654 M.	-56.7%	-56.4%

Source: Taiwan Stock Exchange Corp.