Foxconn, under investigation!

Tech 2023-10-23 05:23:36 Source: Network

On October 22nd, Red Star Capital Bureau reported that multiple topics related to "Foxconn" have been trending on Weibo today.According to sources in the Global Times, the tax department has recently conducted tax inspections on Foxconn Group's key enterprises in Guangdong, Jiangsu, and other places in accordance with the law

On October 22nd, Red Star Capital Bureau reported that multiple topics related to "Foxconn" have been trending on Weibo today.

According to sources in the Global Times, the tax department has recently conducted tax inspections on Foxconn Group's key enterprises in Guangdong, Jiangsu, and other places in accordance with the law. The natural resources department has conducted on-site investigations on the land use of Foxconn's key enterprises in Henan, Hubei, and other places.

On the 20th, Zhang Wensheng, Vice President of the Taiwan Research Institute of Xiamen University, stated in an interview with Global Times that relevant departments conducting tax inspections and land use investigations on any enterprise suspected of engaging in illegal and irregular activities is a normal and lawful administration, reasonable and lawful. Enterprises under Foxconn have the obligation to actively cooperate with inspections and investigations. If there are indeed illegal and irregular behaviors, they should admit their mistakes, acknowledge the punishment, and accelerate rectification.

Data and graphics, visual China

The six major industrial parks are distributed in Shenzhen, Zhengzhou, and other places

According to Foxconn's official website, Foxconn invested in Chinese Mainland in 1988. At present, it has more than 40 parks in Chinese Mainland, with millions of employees at its peak. Its products cover consumer electronics, cloud network products, computer terminal products, components and other four major fields, and it is the world's largest electronic technology intelligent manufacturing service provider.

At present, the Group's main industrial parks in Chinese Mainland are located in Shenzhen, Zhengzhou, Chengdu, Taiyuan, Kunshan and Yantai.

According to Foxconn's official website, in 2022, the group's revenue was approximately 1.49 trillion yuan, an increase of about 10% compared to the previous year; The total import amount of the group is approximately 540 billion RMB; The total export value is approximately 849 billion yuan. Ranked 20th on the Fortune Global 500 in 2022.

For over a decade, this manufacturing giant has been making frequent moves in the real estate market.

Among them, in 2018, Foxconn Industrial Internet Co., Ltd. (hereinafter referred to as "Industrial Fulian"; 601138. SH) was listed on the A-share market, and at the same time, Foxconn also teamed up with Country Garden to acquire multiple commercial and residential land in Guangzhou, which attracted attention. According to People's Daily, in 2018, two commercial and residential mixed use land plots were sold in Zengcheng Education City, Guangzhou, with a total construction area of approximately 457000 square meters. The total price of 3.9 billion yuan was won by Country Garden and Foxconn, aiming to build a technology town with an 8k panel industry as its core.

Industrial FulianExploring the downward trend of stock prices

The chairman proposes to repurchase shares for 200 to 300 million yuan

1020Industrial Fulian16.17/2.18%726.6435%

1018Industrial Fulian 601138.SH23

Industrial Fulian/

The announcement shows that the deadline for Zheng Hongmeng's proposal to repurchase shares is no more than 12 months from the date of the board's review and approval of the final repurchase plan. The total amount of funds for repurchase shares is no less than 200 million yuan (inclusive) and no more than 300 million yuan (inclusive). The price for repurchase shares is no higher than 150% of the average trading price of the company's stock in the 30 trading days before the company's board of directors passes the repurchase resolution, and the source of repurchase funds is the company's own funds.

20219Industrial Fulian15102022921Industrial Fulian1.260.63%11.43/14.39

Editor Yang Cheng

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