According to the mid-2024 report of FIH, the company is facing challenges of declining revenue and changes in customer structure. During the reporting period, the group's operating income was 1895.5 million US dollars, a decrease of 29.2% compared to the same period last year. The gross margin slightly increased to 1.51%, but the gross profit decreased to 29 million US dollars. Operating expenses decreased to 73.1 million US dollars, mainly due to layoffs and restructuring. Other income, profit, and loss were 43.0 million US dollars, a decrease of 89.7 million US dollars compared to the same period last year. The period loss was 31.6 million US dollars, a decrease from 50.0 million US dollars in the same period last year. The group continues to promote the "2+2" strategy, expanding...Show More

According to the mid-2024 report of FIH, the company is facing challenges of declining revenue and changes in customer structure. During the reporting period, the group's operating income was 1895.5 million US dollars, a decrease of 29.2% compared to the same period last year. The gross margin slightly increased to 1.51%, but the gross profit decreased to 29 million US dollars. Operating expenses decreased to 73.1 million US dollars, mainly due to layoffs and restructuring. Other income, profit, and loss were 43.0 million US dollars, a decrease of 89.7 million US dollars compared to the same period last year. The period loss was 31.6 million US dollars, a decrease from 50.0 million US dollars in the same period last year. The group continues to promote the "2+2" strategy, expanding into the fields of automotive electronics, robots, artificial intelligence, and next-generation communication technologies, and actively developing new customers. The group also faces foreign exchange risks and hedges through forward contracts. Capital commitments totaled 31 million US dollars and cash balance was 1,706 million US dollars. The group's future outlook remains uncertain, but a financial performance improvement is expected in the second half of the year.