Hon Hai's revenue hit a new high in May and is expected to continue to supply apple miniled

Hon Hai announced yesterday (6) that its combined revenue in May 2021 will be 455.034 billion yuan (New Taiwan dollars, the same below), a record high over the same period of the previous year, 9.08% lower than that of last month and 17.59% higher than that of the same period of last year. Foreign investment estimates that Hon Hai's revenue in the second quarter will be roughly the same as that in the first quarter.

Hon Hai's revenue in the first five months of 2021 was 2290 billion yuan, an increase of 35.42% over the same period last year. Compared with the same period last year, the performance of the four major categories of products in Hon Hai's revenue in May was the strongest in consumer electronics, followed by components and other products, cloud network products and computer terminal products. If compared with April, computer terminal products performed best, followed by consumer electronics products, cloud network products, components and other products.

U.S. foreign investors estimate that Hon Hai's revenue in the second quarter is about the same as that in the first quarter, mainly because consumer electronics products benefit from the strong demand for mobile phones and game consoles. Although the revenue in the second quarter will decrease slightly in single digits, it will increase by 15% compared with the same period last year.

As for Hon Hai's computer products, the number of single digits will also decrease slightly in the second quarter. Cloud network products, components and other products will increase by double digits in the quarter. Moreover, foreign investors expect that compared with the first quarter, Hon Hai's profit margin in the second quarter will be higher.

Foreign investors pointed out that the management of Hon Hai said that the impact of the shortage of spare parts was limited because most of Hon Hai's customers had sufficient scale to ensure the supply of spare parts, which was due to their business scale and strong bargaining power.

Although some investors will also worry about the rising competitive pressure of Hon Hai in the iPhone / iPad assembly business, foreign investors pointed out that Hon Hai is expected to maintain its supply chain position in Apple's business, and there will be no significant changes in the short term.

Foreign investors said that because newcomers need time to establish NPI (new product trial production into mass production service) and component manufacturing functions. Hon Hai will remain the main supplier of new iPhone assembly and stainless steel case in the second half of 2021; Its position in the supply chain of high-end / miniled iPad is also expected to remain unchanged.