Foxconn Industrial Internet reported a significant increase in its first-quarter net profit, reaching RMB 10.595 billion, marking a 102.55% year-over-year rise. The company's revenue for the quarter was RMB 251.078 billion, up 56.52% from the previous year. This growth is attributed to the strong demand for AI computing power, which has allowed the company to optimize its product mix and enhance the operational performance of its core business.
In related news, Cambricon announced a dividend distribution plan for 2025, proposing a cash dividend of RMB 15 per 10 shares and a transfer of 4.9 shares per 10 shares, with a record date set for May 7, 2026. Meanwhile, Xianglu Tungsten's net profit surged by 2,917% year-over-year in Q1 2026, driven by higher tungsten prices, resulting in revenue of RMB 1.148 billion, a 138.65% increase from the previous year.
Foxconn Industrial Internet Q1 Net Profit Soars 102.55% on AI Demand
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