Demand for cloud computing surged, related businesses of Industrial Fortune Union increased by 4.24%, stocks rose after the release of the financial report

2020-10-22 00:46:37 0 Comment 2934 views
abstract

According to news on August 12, driven by the performance of the semi-annual report, Industrial Fortune's share price rose after the opening today. As

News on August 12, driven by the performance of the semi-annual report, Industrial Fortune's stock price rose after the opening today. As of 10:40 am, the stock price rose close to 3.11%. Industrial Fulian refers to Foxconn Industrial Internet Co., Ltd.

Industrial Fortune Union released its first half year financial report last night. The financial report shows that in the first half of 2020, it achieved revenue of 176.65 billion yuan, a year-on-year increase of 3.6%; net profit attributable to shareholders of the parent company was 5.04 billion yuan, a year-on-year decrease of 7.98%.

Among them, the cloud computing business has become a bright spot, with revenue increasing by 4.24% year-on-year, with revenue of 79.535 billion yuan; communications and mobile network equipment business increased by 3.01% year-on-year, with revenue of 96.346 billion yuan. The revenue of the technology service business saw a significant decline, with a year-on-year decrease of 23.03% and revenue of 253 million yuan.

According to reports, during the reporting period, Fulian achieved a full matrix product layout in the 5G field, covering 5G-related cloud, network, and terminal hardware equipment and software products, including small base stations, switches, and 5G core networks Server etc.

In addition, Fulian Industrial has cooperated with companies in various fields, such as Tencent Cloud and CITIC Holdings, to promote the construction of new infrastructure. (Text | AI Finance and Economics Ma Ce Editor | Zhao Yanqiu)

Demand for cloud computing surged, related businesses of Industrial Fortune Union increased by 4.24%, stocks rose after the release of the financial report

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