Hon Hai Has Better Than Expected Jan. Revenue
2012/02/14 | By Ken LiuTaipei, Feb. 14, 2012 (CENS)--Hon Hai Precision Industry Co., Ltd. saw its revenue shoot up 47.48% year on year to NT$274.6 billion (US$9.1 billion at US$1:NT$30) in January, although the revenue figure represented a 13.3% decline from a month earlier and capped record growth for three consecutive months.
Industry executives pointed out the 13.3% decrease is much better than the average 20% month-on-month decline that the company recorded for the same month over the past few years
Hon Hai executives pointed out that consumer electronics contracts remained the company’s major revenue contributor in December while contracts for computer and telecommunications equipment in the same month increased apparently from the same month of a year earlier.
In spite of uncertainty from the European debt crisis, the company has pledged to attain an annual revenue increase of more than 15% this year. Its revenue is estimated to eclipse the NT$3 trillion (US$100 billion at US$1:NT$30) mark this year based on its 2011 revenue of NT$2.77 trillion (US$92 billion).
The other four top electronics manufacturers of Taiwan—Compal Electronics Inc., Acer Inc., Asustek Computer Inc., and Quanta Computer—also saw monthly revenue reduction of 10-20% in January.
Industry executives estimated their monthly revenues to pick up, beginning this month.
Taiwan’s Top Five Electronics Manufacturers and Their Jan. Revenue Results
Stock Code | Company name | Jan. revenue | Month-on-month change (%) | Year-on-year change (%) |
2317 | Hon Hai | NT$274.6bn | -13.3 | +47.4 |
2324 | Compal | NT$43.7bn | -17 | -22 |
2353 | Acer | NT$27.2bn | -17.6 | -18.4 |
2357 | Asustek | NT$21.8bn | -11.1 | +10 |
2382 | Quanta | NT$78.3bn | -14.4 | +2.1 |