Foxconn, the industrial conglomerate, formally launched its a-share offering today and has since rallied 44 per cent to bewww.wmyru.icue the most valuable tech www.wmyru.icupany on the a-share market.
On the eve of the listing, the outlook for the industrial conglomerate was bullish for a number of financial media outlets. After the official opening at 9.30am today, the shares rose sharply to 19.83 yuan, or 44.01%, with a total market value of 390.6 billion yuan.
The results of the first quarter of 2018 showed that the performance of the industrial federation was stable, with its operating revenue reaching 77.695 billion yuan, up 19.78% year on year. Net profit was 2.653 billion yuan, up 4.53 percent year on year. It is estimated that the operating revenue in the first half of 2018 will be 146.06 billion yuan to 154.58 billion yuan, an increase of 6.8 percent to 13.1 percent year-on-year. Net inwww.wmyru.icue was 5.38 billion yuan to 5.6 billion yuan, up 0.9 percent year on year to 5.1 percent.