On the morning of August 2nd, Industrial Fulian fell 5.84%, with a latest price of 22.57 yuan per share, a turnover of 2.528 billion yuan, and a total market value of 448.4 billion yuan. The net outflow of main funds from Industrial Fulian in the morning session was 505 million yuan.
On the news front, Intel's Q2 performance fell short of expectations, with plans to lay off over 15% of its workforce and suspend dividend payments to shareholders starting from the fourth quarter. Affected by this news, Intel's US stock market fell nearly 19% after trading.
According to the 2023 annual report of Industrial Fulian, the company will collaborate with Intel to jointly establish liquid cooling technology standards, participate in the development of China Mobile's 5G RedCap industry standards, and jointly promote the landing and development of industrial metaverse applications with the China Academy of Information and Communications Technology. At the same time, since 2018, Industrial Fulian has been deeply cooperating with Intel to jointly release multiple industry standard guidelines such as liquid cooling specifications and white papers, reducing technical barriers and helping to achieve common prosperity throughout the entire industry chain.
A reporter from Southern Finance and Economics contacted the investor relations department of Industrial Fulian as an investor, and the relevant personnel responded that they have not seen anything special at present.
On August 1st local time, all three major US stock indexes closed down. Most popular technology stocks fell, with AMD falling over 8%, Nvidia falling over 6%, and Intel falling over 5%. Regarding whether the decline in the company's stock price is related to the sharp decline in US stocks such as Intel, the person replied, "There are many market influencing factors, and we are not in a position to draw a conclusion.
Will Intel's underperformance affect its cooperation with the company? The above-mentioned person stated that both the company and its major North American clients have confidentiality clauses that are not convenient to disclose.
It is reported that Industrial Fulian is the world's leading high-end intelligent manufacturing and industrial Internet service provider. The predecessor of the company, Fujiang Technology, was established in March 2015, renamed Foxconn in 2017, and listed on the A-share market in 2018.
The main products of Industrial Fulian include communication network equipment, cloud service equipment, precision tools, and industrial robots. The related products are mainly used in the infrastructure construction of smartphones, broadband and wireless networks, multimedia service operators, as well as the automation and intelligent manufacturing of precision core components.
This year, Industrial Fulian, which has entered the AI trend, once returned to a market value of 500 billion yuan.
According to the company's investor relations activity record in May this year, the rapid development of AI has brought significant development opportunities to the company since 2023. In 2023, the company's AI related business volume will approach 60 billion yuan, accounting for about 30% of the total cloud computing revenue, which is higher than the 20% level in 2022. By 2024, it is expected that AI will contribute 40% of the company's total cloud computing revenue, and AI servers will account for 40% of the global market share.
In terms of strategic planning, the company will continue to promote the development and application of the AI ecosystem, improve global production capacity layout, actively increase research and development investment, and better meet customers' needs in new product development, rapid mass production, global delivery, and other aspects. Continue to focus on GPU module, substrate, and backend AI server design and system integration in the upstream of the AI industry value chain, fully utilizing the advantages of intelligent manufacturing and research and development across the entire industry chain, and providing customers with complete solutions. In 2024, the company will work with customers to jointly launch a new generation of generative servers, and there is currently order visibility for new products.
In the first quarter of 2024, Industrial Fulian achieved a revenue of 118.688 billion yuan, a year-on-year increase of 12.09%; The net profit attributable to the parent company was 4.185 billion yuan, a year-on-year increase of 33.77%. Among them, cloud computing business revenue has accounted for nearly 50% of the overall revenue, while AI server revenue accounts for nearly 40% of the sector's overall revenue, nearly doubling year-on-year and showing a nearly double-digit growth rate compared to the previous period. In addition, the number of generative AI servers increased nearly three times year-on-year and also showed double-digit growth compared to the previous period.
(Disclaimer: The content of this article is for reference only and does not constitute investment advice. Investors operate based on this and bear the risks themselves.)