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Hon Hai Precision Industry Co (TPE:2317) Cash Payments for Deposits by Banks and Customers


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What is Hon Hai Precision Industry Co Cash Payments for Deposits by Banks and Customers?

Cash Payments for Deposits by Banks and Customers only applicable to companies reporting Cash Flow from Operations in direct method.


Hon Hai Precision Industry Co (TPE:2317) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hon Hai Precision Industry Co Ltd (TPE:2317) » Definitions » Cash Payments for Deposits by Banks and Customers
Traded in Other Exchanges
Address
No.2, Zihyou Street, Tucheng District, New Taipei, TWN, 236
Hon Hai Precision is the world's largest contract manufacturer of consumer electronics, communications, and computer products. It is the biggest supplier to Apple, whose business accounted for 55% of overall revenue in 2022. Hon Hai is also involved in the production of upstream components such as electronic connectors, semiconductor packaging, and metal casings for smartphones. These upstream activities are mainly conducted through its listed majority-owned subsidiaries Foxconn Industrial Internet and FIH Mobile. In response to its traditional end markets of computers, smartphones, and telecom equipment maturing in 2019 it started on a strategy to develop expertise in three new growth areas—electric vehicles, digital health, and robotics.