Foxconn Industrial Internet Announces 2023 Dividend Plan and Strong 2024 Semi-Annual Performance

TapTechNews August 9th news, on August 7th, Foxconn Industrial Internet announced the implementation of the 2023 dividend plan, distributing 5.8 yuan per 10 shares, with a total dividend of 11.52 billion US dollars, and the dividend rate reaching a new high of 54.76% since listing.

The equity registration date for this equity distribution is August 14th, and the ex-dividend date is August 15th.

TapTechNews found out that Foxconn Industrial Internet has released the semi-annual performance express of 2024. After preliminary accounting, the company achieved revenue of 266.09 billion US dollars in the first half of this year, an increase of 28.69% year-on-year, and the net profit attributable to the parent company was 8.74 billion US dollars, an increase of 22.04% year-on-year, both hitting new highs in the same period since the company's listing.

In the announcement, Foxconn Industrial Internet stated that the main reasons for the performance change are:

Benefiting from the strong growth in demand for AI servers, the company, with its vertically integrated capabilities covering the entire AI industry chain, has seen strong revenue growth in the cloud computing business, among which the revenue of AI server products has increased exponentially, showing an accelerating growth trend. The revenue share of cloud service providers has continued to increase, driving the growth of the company's revenue and profitability. The company seizes the opportunities of the digital economy and AI development, and through advanced technology research and development and capacity layout, it has achieved significant leading advantages in the cloud computing and network communication sectors within the industry.