Is Hon Hai Precision Group ranked 1 12 among the top 500 enterprises in China?

Founded in 1974, Hon Hai, under the leadership of its chairman, Mr. Guo Taiming, pioneered the \ \\" eCMMS〓 \ "business model with a forward-looking vision, subverting the field of electronic OEM services. To provide customers with the most competitive one-off overall solutions in the world, from * * * belt design (JDSM) and * * belt development (JDVM) to global logistics and after-sales service.

Company name: Hon Hai Precision Group

Foreign Name: Hon Hai Precision Industry

Established: 1974

Business scope: computer, network communication, consumer electronics, etc.

Company slogan: love, confidence, determination and integration, responsibility and progress.

Legal Person: Guo Taiming

catalogue

Overview of group profile

grade

investment

Production center of gravity

Overview of historical development

mould

Fortune 500

corporate culture

Enterprise composition

Corporate power

R&D innovation

Brief introduction of development prospect group

grade

investment

Production center of gravity

Overview of historical development

mould

Fortune 500

corporate culture

Enterprise composition

Corporate power

R&D innovation

development prospect

Expand and edit this group profile.

abstract

Hon Hai Company was established in 1974, and its turnover in 195 exceeded NT$ 100 billion. 199 was first listed in London [1], and was named the best management company in Taiwan Province province by Asian currencies in the same year. Guo taiming

Since 200 1, it has been ranked first in private manufacturing industry in Taiwan Province Province for four consecutive years, and ranked first in Chinese mainland's export manufacturers for three consecutive years since 2002. Hon Hai is mainly engaged in the development, manufacture and sales of parts and systems of products in computer, communication, consumer electronics and other related fields based on the research and development, mold opening and manufacturing of various precision molds. Hon Hai Enterprise Group has laid out global manufacturing bases with a grand entrepreneurial vision and mastered intellectual property rights. It has obtained more than 1 1000 patents in China, the United States and Japan, which is a concrete manifestation of years of research and development achievements. Hon Hai Enterprise Group adheres to the corporate culture of "love, confidence, determination" and "integration, responsibility and progress", and is committed to the business practice of "research and development in two places, design and manufacturing in three places, and global assembly and delivery", and strives to repay the society with better performance.

grade

In 2003, among the top 400 companies in the world published by Forbes magazine, Hon Hai Precision ranked the highest in revenue among seven companies in Taiwan Province Province, accounting for 29 1. Hon Hai has developed rapidly in recent years, becoming the leader of private enterprises in Taiwan Province Province, mainly due to its active investment in the mainland.

investment

Hon Hai invests in mainland China 1977. Today, Hon Hai has become the second largest exporter of Taiwanese businessmen in mainland China. The cost competitive advantage and R&D technology of Hon Hai's mainland factories are constantly improving, and the profits are increasing year by year. It is reported that Hon Hai's sales have increased by 62% for five consecutive years, with remarkable achievements, of which the production of the company's mainland factories accounts for a considerable part. Foxconn Group is the main manufacturing base of Hon Hai Enterprise Group in Chinese mainland. Developed by Hon Hai Group of Taiwan Province, it mainly produces high-tech key components and system products such as computers, network communication and consumer electronics. There are 36 wholly-owned subsidiaries in Chinese mainland, Shenzhen, Kunshan, Hangzhou and Tianjin.

Production center of gravity

At present, Hon Hai's production focus has shifted to the mainland. Shenzhen Longhua Science and Technology Industrial Park, established in 1996, covers an area of 1500 mu and employs 33,000 people, which laid the foundation for Hon Hai to start mass production of personal calculator hardware equipment. Foxconn Group in Shenzhen is Hon Hai's company in Chinese mainland. As early as seven or eight years ago, its foreign investment ranked sixth, and now it is also unknown. In 200 1 year, Foxconn exported 2.4 billion US dollars, accounting for 6.2% of Shenzhen's total export value in that year, which was among the "China Hon Hai Precision Group".

China ranks second among the top 200 export enterprises, accompanied by well-known enterprises such as Orient International, China Petrochemical, Putian Information and Motorola (China). Interestingly, although Guo Taiming does not promote himself and Hon Hai, he always likes to promote the word "Sanjin". "The president is from Shanxi, and the future world is 3C (Shanxi's homonym) (3C is computer, communication and consumer digital electronics)." Similar macro theories are familiar at home and abroad. Guo Taiming likes drinking, or he likes drinking Fenjiu. He drank with that group of people. In Shenzhen, every time I entered the hotel, I first asked if there was an old white fen, and then I left without looking back. "Because of me, all hotels in Shenzhen have put on old white powder." This has become a very happy thing for Guo Taiming. IT is hard for many people to understand that this IT hero with 50,000 soldiers on three continents is so infatuated with his hometown where he only set foot at the age of 37. Donated 5 million to build a bridge in Gewan Village, Sang Zi, donated 2 million to set up "Love Me Scholarship", and invested 5 million dollars to set up Fujin Precision Mould Company ... Hon Hai/Kloc-0 moved to the mainland to set up Foxconn in 1988, with an average annual growth rate of more than 60%, and it was around 60% in other years, such as more than 50% in 200 1 year. It is within sight to break through the NT$ 300 billion mark in 2003.

Ethnicity

abstract

When Hon Hai 1974 started with NT$ 300,000 and a dozen employees, its products were black and white TV knobs. Because the knob is the same as the connector he later produced, the mold opening directly affects the product quality. So, starting from 1977, Guo Taiming, who finally accumulated the first sum of money, was faced with three choices: First, he went to Japan to buy mold equipment and build his own mold factory. The second is to buy land and build factories without renting factories; Third, in the face of rising prices of raw materials, buying raw materials is hoarding. Faced with the temptation of money games, after several struggles, Guo Taiming decided to choose the former. The mold factory has just been built for half a year, and the land that Guo Taiming originally wanted to buy has tripled, and the price of raw materials has also increased. Many colleagues don't understand: "It's cheap to buy (molds) outside, why do you have to make them yourself?" He can also sell the mold factory and go back to buy land in order to make a quick profit. However, Guo Taiming, who was bent on becoming famous, never looked back. 1980, Hon Hai Mould Factory began to make achievements. Later, Hon Hai successively set up electroplating departments and stamping factories, which quickly widened the distance with peers. In the 1980s, the PC industry took off and black-and-white TV declined. Acer, who has mold technology, is very familiar with it and quickly cut into the field of personal computer connectors, thus establishing the dominance of connectors.

mould

Hon Hai started as a mold, and Guo Taiming has always stressed that he is doing "machinery" rather than "electronics". In Foxconn Group, Hon Hai Precision Mould Co., Ltd. has an English name "Fox-Cave", which is an interesting metaphor for precision moulds. And its internal code name or abbreviation is actually a serious "core". An IT tycoon said: "OEM is to produce products that others can't do, not products that others don't want to do." Taking the technical foundation of molds as the leader, Guo Taiming succeeded in "there is no competitor in my field", which is also the reason why it ranks fifth in EMS factory and its profit is actually the first. But if Hon Hai wants to grow bigger, the most crucial step is to choose customers. Guo Taiming even spared no expense to highlight Hon Hai's "first-class customers" with "fourth-rate talents, third-rate management and second-rate equipment". At the age of 30, Guo Taiming vowed to do business only with world-class manufacturers and keep up with first-class experts to develop rapidly. Now famous IT companies such as IBM, Compaq, Intel, Sony, Hewlett-Packard, Dell, Cisco, Nokia and Motorola are all customers of Hon Hai. Hon Hai already has the production capacity of computers and other complete machines, but Guo Taiming does not have his own "brand dream". Major companies don't have to worry about the sudden emergence of a "Hon Hai brand" to compete with themselves and expand cooperation with Hon Hai with greater confidence. Hon Hai doesn't have its own brand, but every brand has Hon Hai! In other words, any famous brand may fall down because of mistakes. If Hon Hai encounters a similar fate, there can only be one premise. At least most famous brands have fallen. In 1980s, the PC industry took off and entered the PC connector field with mature mold technology, and its connector kingdom began to be established. 1999, swallowed up Huasheng, Guangyu and other enterprises in one breath for reverse integration, making Hon Hai Precision develop into Hon Hai Group and transform from a regional manufacturer into a world-class enterprise. In 2002, Hon Hai became the largest private manufacturing enterprise in Taiwan Province Province, and ranked third in Business Week's "Top Global Science and Technology 100" in 2002. In 2003, when the gross profit margin of mobile phone OEM dropped sharply, Hon Hai bucked the trend and showed great ambition. Transplanting the complete value chain built on PC OEM to mobile phones and further developing the potential of this structure is Hon Hai's obvious goal. As a rising star in the manufacturing industry of Taiwan Province Province, the industry has seen that Hon Hai is expected to rival the leading position in the mobile phone OEM industry in the future. 20 10 On July 6th, Hon Hai Precision Technology Group announced that it had acquired the equity of FoxconnSlovakia, spol, s.r.o, the original Sony Slovakia LCD assembly factory, through its Singapore subsidiary, with a cumulative shareholding of 90. 1%. Coupled with the acquisition of Sony Mexico LCD TV assembly plant at the end of last year and media reports that it will acquire the Spanish assembly plant again, and the recent accelerated layout of Foxconn, a subsidiary of Hon Hai, the path of layout transfer of Hon Hai Group has gradually become clear. Blueprint of the Group: Take root in China and operate globally. Hon Hai Group insists on integrated construction on the basis of diversified development direction.

Fortune 500

On July 8th, Beijing time, Fortune English website released the latest ranking of Fortune Global 500 companies in 20 10. Hon Hai Precision Group ranked 1 12. Ranked company name (in Chinese and English) Revenue (million dollars) Net profit (million dollars) 1 12 Hon Hai Precision Industry 59,324 2,292.

corporate culture

Hon Hai Enterprise Group adheres to the corporate culture of "love, confidence, determination" and "integration, responsibility and progress", and is committed to the business practice of "research and development in two places, design and manufacturing in three places, and global assembly and delivery", and strives to repay the society with better performance.

Edit the enterprise composition of this paragraph.

Hon Hai is mainly engaged in the development, manufacture and sales of parts and systems of products in computer, communication, consumer electronics and other related fields based on the research and development, mold opening and manufacturing of various precision molds. Hon Hai Enterprise Group has laid out global manufacturing bases with a grand entrepreneurial vision and mastered intellectual property rights. It has obtained more than 1 1000 patents in China, the United States and Japan, which is a concrete manifestation of years of research and development achievements.

Corporate power

Among the top five EMS companies in the world, Hon Hai Precision Group has the most outstanding development. The settlement cycle of Hon Hai Precision, Asus Computer and Quanta Computer is from 1 to 12 per year, from 10 to September of the following year for Sanmina-SCI Company of the United States, and from April to March of the following year for the rest. The data is calculated according to the average monthly sales and then converted into Japanese yen. Brand-new factory buildings, milky white exterior walls, dormitory buildings, and commercial facilities for employees to live in ... there are more than 70 huge buildings as far as the eye can see. On the one-way three-lane crossing it, trucks full of goods come and go. It is said that there are more than 65,438+million employees working here. Because the place is too big, some people ride electric cars between buildings like on a golf course. Because its business form is OEM, the company name is generally not exposed, so Hon Hai Precision is not very famous. But the rapid growth of its performance can only be described as an explosion. Since the release of 1999 joint settlement report, the company's sales have maintained an annual growth rate of more than 40%. In 2005, the sales of joint settlement increased by 68% over the previous year, reaching 3. 1056 trillion yen. It is more than Singapore's Flextronics 1 trillion yen, and it is also much higher than large Japanese civilian products manufacturers such as Sharp and Sanyo Electric, just like a huge iceberg that suddenly surfaced. From materials and parts to products (finished products), services and contents, on the "smile curve" indicating the level of added value, product manufacturing, as the largest income source of Hon Hai Precision, is located in its "bottom" department. In other words, it is not easy to get high returns. However, Hon Hai Precision's operating profit margin reached 5.4% in 2005, surpassing most large electronic manufacturers located at the "upper edge" of the smile curve. Flextronics, with an operating profit margin of only 1.9%, and Sanmina-SCI, an American company with an operating loss of 50.5 billion yen, are even more incomparable.

R&D innovation

Over the years, the group has been committed to R&D and innovation, focusing on core technologies, including nanotechnology, environmental protection process technology, flat panel display technology, wireless communication technology, precision mold technology, server technology, photoelectric/optical communication technology, materials and application technology and network technology. The Group not only has a perfect R&D management system, but also makes great efforts in intellectual property management, and actively takes it as its responsibility to enhance the international competitiveness of China people. By the end of 2005, more than 65,438+05,300 patents had been obtained worldwide. Not only has it won the number of annual patent applications and double prizes in Taiwan Province Province for three consecutive years, but it is also the only China enterprise in the top 20 of MIT Science and Technology Review.

development prospect

. Foxconn Group is the main manufacturing base of Hon Hai Enterprise Group in Chinese mainland. Developed by Hon Hai Group of Taiwan Province, it mainly produces high-tech key components and system products such as computers, network communication and consumer electronics. There are 36 wholly-owned subsidiaries in Chinese mainland, Shenzhen, Kunshan, Hangzhou and Tianjin. During the ten years when Hon Hai 1988 moved to the mainland to establish Foxconn, the average annual growth rate was over 60%, and it was around 60% in other years, such as over 50% in 200 1 year and over 70% in 2002. It is within sight to break through the NT$ 300 billion mark in 2003.