年 報 2024 2024 年度報告 富智康集團有限公司 目錄 | 公司資料 | 2 | | --- | --- | | 主席報告書 | 3 | | 董事及高級管理層資料簡介 | 4 | | 董事會報告書 | 12 | | 獨立核數師報告書 | 76 | | 綜合損益及其他全面收益表 | 81 | | 綜合財務狀況報表 | 83 | | 綜合權益變動表 | 85 | | 綜合現金流量表 | 86 | | 綜合財務報表附註 | 88 | | 財務概要 | 152 | | 企業管治報告書 | 153 | 本年報以環保紙印製 公司資料 截至二零二五年三月七日 富智康集團有限公司（「本公司」，連同其附屬公司，統稱「本集團」） （「我們」及「我們的」指「本公司」或「本公司的」（視情況而定）。） 執行董事 池育陽 （董事會主席） 林佳億 （行政總裁） 郭文義 非執行董事 張傳旺 獨立非執行董事 劉紹基 陳淑娟 邱彥禎 公司秘書 黃建昕 註冊辦事處 P.O. Box 31119 Grand Pavilion Hibiscus Way 802 West Bay Road Grand Cayman, KY1-1205 Caym ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 （在開曼群島註冊成立之有限公司） （股份代號：2038） 截至二零二四年十二月三十一日止年度的 全年業績初步公告 董事會謹此宣佈本集團截至二零二四年十二月三十一日止年度的經審核綜合業 績，連同去年的比較數字如下： 綜合損益及其他全面收益表 截至二零二四年十二月三十一日止年度 | | | 二零二四年 | 二零二三年 | | --- | --- | --- | --- | | | 附註 | 千美元 | 千美元 | | 營業收入 | 2 | 5,702,949 | 6,445,798 | | 銷售成本 | | (5,568,309) | (6,335,982) | | 毛利 | | 134,640 | 109,816 | | 其他收入、收益及虧損 | 3 | 91,309 | 229,512 | | 預期信貸虧損模式下的減值虧損（扣除撥回） | | (9,768) | (133,823) | | 就物業、廠房 ...

Financial Performance - Revenue for the six months ended June 30, 2024, was $1,895,530 thousand, a decrease of 29.2% compared to $2,676,717 thousand for the same period in 2023[7] - Gross profit for the same period was $28,622 thousand, down 27.8% from $39,621 thousand year-over-year[7] - The company reported a net loss of $31,643 thousand for the six months ended June 30, 2024, compared to a net loss of $49,835 thousand in the prior year, representing a 36.5% improvement[8] - The total comprehensive loss for the period was $56,080 thousand, compared to $202,883 thousand in the same period last year, indicating a substantial reduction in losses[8] - The basic and diluted loss per share for the period was 0.4 US cents, compared to 0.6 US cents in the same period last year[8] - The company reported a net loss attributable to shareholders of $31,578,000, an improvement from a loss of $50,016,000 in the same period of 2023[26] - The company’s loss per share for the period was $(0.10), reflecting the overall financial performance[12] Expenses and Costs - Research and development expenses were $23,799 thousand, a decrease of 10.1% from $26,459 thousand in the previous year[7] - The company incurred interest expenses of $30,318 thousand, an increase of 28.7% from $23,551 thousand in the same period last year[7] - Operating expenses decreased to $73.1 million from $122.3 million, a reduction of $49.2 million, due to restructuring and layoffs[78] - The company incurred a total depreciation expense of $64,708,000, down from $80,211,000 in the same period last year[23] Assets and Liabilities - As of June 30, 2024, total assets amounted to $3,840,184 thousand, an increase from $3,458,939 thousand as of December 31, 2023, representing a growth of approximately 11%[9] - Current liabilities rose to $3,149,700 thousand from $2,736,965 thousand, marking an increase of approximately 15%[9] - The company's equity attributable to owners decreased to $1,501,861 thousand from $1,558,487 thousand, a decline of about 4%[10] - The total equity decreased to $1,504,514 thousand from $1,561,372 thousand, representing a decrease of about 4%[10] Cash Flow and Financing - The net cash used in operating activities for the six months was $(197.37) million, compared to $(628.79) million in the previous year, indicating an improvement[13] - The company raised $1,305.80 million in bank borrowings during the financing activities, compared to $755.74 million in the previous year[13] - The company incurred a net cash outflow of $(49.80) million from investing activities, compared to $(38.24) million in the same period last year[13] - The group's free cash flow was a net outflow of $255 million, compared to an inflow of $10 million on December 31, 2023[106] Revenue Segmentation - Revenue from the Asia segment was $1,067,385,000, down 43.0% from $1,874,505,000 year-over-year[19] - The Americas segment reported revenue of $541,678,000, an increase of 18.8% compared to $455,733,000 in the previous year[19] - The total segment profit for the six months was $25,038,000, significantly up from $5,621,000 in the same period last year[19] Strategic Focus and Market Conditions - The company plans to continue focusing on expanding its manufacturing services in the mobile phone sector, leveraging its vertical integration capabilities[14] - The smartphone market showed signs of improvement in the first half of 2024, driven by the proliferation of 5G and integration of AI technologies, despite facing significant challenges such as market saturation and increased competition[65] - The company is diversifying its business strategy through 5G, IoV, AI, and next-generation communication technologies to reduce reliance on the mobile phone market[83] - The company is actively developing AI hardware and software solutions for industrial automation, contributing to sustainable development through the launch of the FIH Robotics smart recycling robot[84] Employee and Governance - The total number of employees as of June 30, 2024, is 44,519, an increase from 36,657 on December 31, 2023[75] - The company emphasizes employee development and training, focusing on attracting and retaining talent through competitive compensation and a supportive work environment[71] - The company has established a written division of responsibilities between the chairman and the CEO to enhance governance[142] Compliance and Regulatory Environment - The group is committed to compliance with the OECD's BEPS action plan and related local transfer pricing regulations[104] - The revised Company Law in Mainland China will take effect on July 1, 2024, impacting corporate governance, capital contributions, and compliance costs for foreign-invested entities[101] - The new Foreign Investment Law in Mainland China requires adjustments to governance structures and compliance models, potentially increasing legal and regulatory costs[102]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （在開曼群島註冊成立之有限公司） （股份代號：2038） 截至二零二四年六月三十日止六個月的 未經審核中期業績公告 董事會謹此宣佈本集團本期間的未經審核綜合業績，連同去年同期的比較數字如 下： 簡明綜合損益及其他全面收益表 截至二零二四年六月三十日止六個月 截至六月三十日止六個月 | --- | --- | |----------------------------------------------------------|------------------------------------------------------------| | | | | 二零二四年 千美元 （未經審核） | 二零二三年 千美元 （未經審核） | | 1,895,530 (1,866,908) | 2,676,717 (2,637,096) | | | | | 28,622 (1,423) 43,048 (2,1 ...

= | | 富智康 FIH Mobile Limited 富智康集團有限公司 (在開曼群島註冊成立的有限公司) 股份代號 : 2038 t - 報。 202 1999 回 回 回国 回回回回回回回回回回回回 0000 - 00000 o ono Top and 0 000000000 o 国国史军 回 回 目錄 公司資料 2 主席報告書 3 董事及高級管理層資料簡介 5 董事會報告書 10 獨立核數師報告書 123 綜合損益及其他全面收益表 128 綜合財務狀況報表 129 綜合權益變動表 131 綜合現金流量表 132 綜合財務報表附註 134 財務概要 196 企業管治報告書 197 本年報以環保紙印製 0000 00000 国 回 @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ 0 公司資料 截至二零二四年三月七日 | --- | --- | |-----------------------------------------------------------------|------------------------------------------| | | | | ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 之 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 （在開曼群島註冊成立之有限公司） （股份代號：2038） 截 至 二 零 二 三 年 十 二 月 三 十 一 日 止 年 度 的 全 年 業 績 初 步 公 告 董 事 會 謹 此 宣 佈 本 集 團 截 至 二 零 二 三 年 十 二 月 三 十 一 日 止 年 度 的 經 審 核 綜 合 業 績，連 同 去 年 的 比 較 數 字 如 下： 綜 合 損 益 及 其 他 全 面 收 益 表 截 至 二 零 二 三 年 十 二 月 三 十 一 日 止 年 度 二 零 二 三 年 二 零 二 二 年 | --- | --- | |-------------------|------------------| | | | | ...

" 富智康 FIH Mobile Limited 富智康集團有限公司 (在開曼群島註冊成立的有限公司) 股份代號: 2038 中期報告 2023 目錄 公司資料 2 簡明綜合損益及其他全面收益表 4 簡明綜合財務狀況報表 6 簡明綜合權益變動表 8 簡明綜合現金流量表 9 簡明綜合財務報表附註 10 業務回顧 36 其他資料 簡明綜合財務報表審閱報告 3 其他資料 154 154 公司資料 子士打律師行(香港) 截至二零二三年八月九日 富智康集團有限公司(「本公司」·速同共附屬公司·統稱「本集團」) | --- | --- | |----------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------| | | | | ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 之 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 – 1 – （在開曼群島註冊成立之有限公司） （股份代號：2038） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 的 未 經 審 核 中 期 業 績 公 告 董 事 會 謹 此 宣 佈 本 集 團 本 期 間 的 未 經 審 核 綜 合 業 績，連 同 去 年 同 期 的 比 較 數 字 如 下： 簡 明 綜 合 損 益 及 其 他 全 面 收 益 表 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 截 至 六 月 三 十 日 止 六 個 月 | --- | --- | |--------------------------------------------|------------- ...

Financial Performance - Revenue for 2022 increased to $9,394 million, up by $812 million or 9.5% compared to 2021[5] - Net loss attributable to shareholders in 2022 was $72.1 million, compared to a profit of $56.3 million in 2021[5] - Basic loss per share in 2022 was $0.0091[5] - The company recorded a consolidated net loss during the reporting period due to challenges including the COVID-19 pandemic and other adverse impacts on its operations[19] - The company's performance has historically been volatile and may continue to fluctuate significantly from period to period, with Q1 typically being less representative due to the Chinese New Year holiday[19] - The company recorded a comprehensive operating income of $9.394 billion, a 9.5% increase from the previous year's $8.583 billion, but reported a net loss of $72.1 million compared to a net profit of $56.3 million in the previous year[106] - The company's gross margin decreased to 2.04% from 2.61% in the previous year, impacted by weak smartphone demand and low margins in system assembly business[106] - The company's return on equity (ROE) for the period was -4%, compared to 2.6% in the same period last year, reflecting a loss[117] - The company reported a basic loss per share of $0.0091 for the period[117] Business Strategy and Diversification - The company is focusing on improving profit margins rather than revenue growth, targeting diversification into new areas such as IoV, IoT, AR/VR, AI, and big data[5] - The company is implementing a light-asset strategy, reallocating resources to productive assets and restructuring to achieve long-term cost reduction[5] - The company is prioritizing low-risk orders from reputable clients to mitigate payment recovery risks[5] - The company is leveraging its expertise in wireless technology, product design, and lean production to transition into new business areas[5] - A series of business development activities have been initiated, with the company expecting significant returns in the near future[5] - The company is focusing on efficiency, cost control, and maintaining financial resources to navigate global challenges and market dynamics[6] - The company is diversifying its revenue streams to reduce reliance on a single customer, product, and region, amid slowing global smartphone growth[33] - The company is focusing on diversifying and transforming its business, expanding overseas operations, and improving efficiency to enhance long-term sustainability[34] - The company is actively managing risks, strategies, capital structure, and costs to prepare for uncertain demand environments, including reducing redundant assets and optimizing staffing[34] - The company is leveraging its R&D capabilities in materials and processes to provide customized manufacturing solutions, aiming to reduce overall product costs and accelerate time-to-market for clients[34] - The company is closely monitoring global economic conditions, geopolitical tensions, and the impact of the Russia-Ukraine conflict to adapt its strategies and operations[34] - The company is expanding its ODM business and seeking new clients in different geographic regions to diversify its customer base and reduce dependency on a limited number of clients[104] - The company is exploring new business opportunities in China, India, and the US, while paying attention to market conditions and increasing competition to maintain its industry position and competitiveness[104] - The company is transitioning to a leaner, asset-light business model, reducing non-core investments, and restructuring underperforming manufacturing segments[116] - The company is focusing on reducing operating expenses, optimizing workforce, and improving internal operational efficiency, including manufacturing processes, supply chain management, and cost control[115] - The company is expanding production capacity and R&D/ODM capabilities in India and Vietnam, while increasing local procurement in India to meet demand in developing markets like India and Africa[114] Leadership and Governance - Chi Shangyang, aged 64, has been the acting Chairman since January 1, 2017, and joined the company as an Executive Director in August 2009. He is also the CEO and Chairman of the Corporate Governance Committee[8] - Chi Shangyang holds multiple leadership roles in subsidiaries, including Chairman of Bharat FIH Limited and Chairman of Qunmao Communications Co., Ltd[8] - Chi Shangyang has over 43 years of experience in the communications industry, including roles at BenQ and ITT Corporation[8] - Dr. Guo Wenyi, aged 57, was appointed as an Executive Director on June 29, 2018, and has over 28 years of experience in wireless communication product development and international business development[9] - Dr. Guo Wenyi is the inventor of 38 U.S. wireless communication patents and has held key positions at Wiscom Technologies and AT&T Labs[9] - Meng Xiaoyi, aged 58, served as an Executive Director until March 10, 2023, and has over 30 years of experience in factory operations and resource optimization[10] - Meng Xiaoyi led the EMS/OEM business, focusing on cross-regional market development and manufacturing operations in Beijing, Langfang, and India[10] - Meng Xiaoyi’s division received the company’s Best Operational Performance Award for three consecutive years[10] - Meng Xiaoyi played a key role in industrial 4.0 smart factory projects and cost reduction initiatives[10] - Meng Xiaoyi served as a non-executive director of BFH from June 10, 2022, to February 3, 2023[10] - Lin Jialiao appointed as Executive Director effective March 10, 2023, bringing over 26 years of experience in the communication and computer industry[11] - Lin Jialiao leads the IDM1 business unit, focusing on innovation, design, manufacturing, and improving financial gross margin and operating profit margin[11] - Lin Jialiao is driving the development of AI core technologies and expanding into the robotics industry under the "3+3" strategy (EV, digital health, robotics, AI, semiconductors, next-gen communication)[11] - Liu Shaomu, Independent Non-Executive Director, has over 40 years of experience in corporate governance, finance, and auditing, and serves on multiple committees[12] - Daniel Joseph Mehan, Independent Non-Executive Director, brings extensive expertise in information systems, cybersecurity, and business management, with over 20 years at AT&T[13] - Tao Yunzhi, Independent Non-Executive Director, specializes in digital transformation consulting and has over 20 years of experience in internet, mobile apps, and emerging markets[14] Market and Industry Challenges - The company expects a turbulent operating environment in 2023, with an uncertain outlook[6] - The company faces risks and uncertainties including macroeconomic changes, currency market fluctuations, market saturation, and increasing competition, which could impact future performance[19] - The company faces significant risks including inaccurate forecasts, seasonal sales factors, increased revenue volatility, and risks related to excess and obsolete inventory[20] - The mobile phone manufacturing industry is highly competitive and saturated, with the company facing severe market conditions and declining profit margins since late 2017, expected to continue through 2023[23] - The company is under pressure to reduce manufacturing costs for low-cost products due to high inflation and rising labor costs, particularly in Vietnam where minimum wages increased in July 2022[23] - The company's gross margins are impacted by the product mix ordered by major clients, with high-volume, low-complexity manufacturing services typically having lower gross margins[23] - The company is focusing on cost reduction without compromising quality, especially in controlling certain supply chain costs, to maintain competitiveness during economic downturns[23] - The company's clients are innovating and launching new products and services to overcome challenges such as thin profit margins, high inflation, and shortened replacement cycles[24] - Low operating profit margins are seen as a significant factor limiting market development, potentially hindering expansion plans[24] - Global smartphone market experienced the lowest annual shipment volume since 2013, with the worst holiday quarter performance ever recorded[25] - China's smartphone market hit a decade low in 2022, while India's market declined by 10%, the lowest since 2019[25] - The company faced challenges due to weak demand, inflation, geopolitical tensions, supply chain constraints, and lockdowns in China, leading to reduced orders for both feature phones and smartphones[25] - The company adjusted its organizational structure to focus on global markets, particularly India and China, to diversify business risks beyond smartphones[25] - Supply chain constraints eased in the second half of 2022 as production capacity and output increased, but the industry shifted to a demand-constrained market with price-sensitive customers[25] - The company struggled with predicting order volumes due to cautious customer behavior, impacting material procurement, staffing, and production scheduling[26] - China's dynamic zero-COVID policy severely disrupted the smartphone supply chain in the first half of 2022, causing delays in new product development and shipments[26] - Material and component supply stabilized in the second half of 2022, but the market demand remained weakened due to labor and material shortages exacerbated by COVID-19 regulations[26] - The company's business was significantly impacted by lockdowns and factory shutdowns due to the highly contagious Omicron variant in the first half of 2022, but managed to minimize the impact through team efforts and support from local governments, customers, suppliers, and logistics providers[27] - China's strict COVID-zero policy, including lockdowns, testing, and quarantine rules, added pressure on consumer and business spending, pushing the economy close to recession[27] - In November 2022, the company faced a severe situation at its production base in northern China due to a COVID-19 outbreak and strict local government lockdowns[28] - China's exports unexpectedly dropped in October 2022 for the first time since May 2020 due to the COVID-zero policy, highlighting the policy's growing impact[28] - The sudden relaxation of COVID-zero measures in December 2022 led to widespread infections, labor shortages, and supply chain disruptions, causing factory production halts[28] - The Russia-Ukraine war caused a sharp rise in global oil, gas, and coal prices, pushing inflation to levels not seen in decades[29] - Ukraine and Russia account for about one-third of global wheat production and one-quarter of barley production, with the war leading to significant price increases for these commodities[29] - The war exacerbated global food shortages, particularly affecting low-income countries in Africa and the Middle East that rely on Ukrainian and Russian wheat[29] - Rising energy, food, and commodity prices, combined with post-pandemic supply chain tensions, increased transportation, logistics, and operational costs for companies worldwide[29] - Inflation rates worldwide surged to levels comparable to the 1970s, damaging consumer and business confidence[29] - Eurozone economic growth has significantly slowed due to high inflation and energy prices, with activity deteriorating notably in the second half of 2022[30] - The Federal Reserve has raised its target interest rate seven times in 2022, from 0%-0.25% to 4.25%-4.50%, with further hikes expected[31] - US CPI reached a 40-year high in June 2022, and although it dropped to 6.5% by December, it remains three times the Fed's 2% target[32] - The World Bank predicts global economic growth of only 1.7% in 2023 and 2.7% in 2024, with risks of a second global recession in the same decade[32] - The prolonged Ukraine-Russia conflict has increased geopolitical risks and supply chain disruptions, particularly affecting Europe's energy dependency[30] - Stronger US dollar has made smartphones more expensive in emerging markets like Southeast Asia and Africa, potentially extending replacement cycles[31] - Central banks' aggressive rate hikes to combat inflation are increasing debt servicing costs for households, businesses, and governments[32] - The company is monitoring the Ukraine conflict's potential long-term impact on its European/African sales and distribution channels[30] - Global smartphone production may further decline due to extended replacement cycles and lack of product differentiation[31] - The company is facing challenges due to prolonged smartphone replacement cycles, market saturation, and macroeconomic headwinds, leading to reduced demand visibility and increased cost pressures[37] - The company is experiencing pressure on profit margins as clients become more price-sensitive and reduce discretionary spending, impacting order predictability and production planning[37] - The company is actively seeking more orders to optimize utilization and mitigate the impact of lower production volumes and unabsorbed fixed costs[37] - The company is adapting to changes in client outsourcing strategies, with some clients reducing outsourcing to optimize their own capacity utilization[37] - The Chinese smartphone market is severely saturated with over 1.6 billion active mobile subscriptions, exceeding the population of 1.4 billion, leading to intense brand competition[38] - A major client's smartphone shipments dropped by 18.7% in 2022, with sales declining to 30.5 million units[38] - The smartphone replacement/upgrade cycle in mature markets like the US and Western Europe has further lengthened due to limited product innovation and differentiation[38] - Global smartphone manufacturers are accelerating the launch of new form factors (e.g., foldable phones, self-developed high-efficiency IC chips, under-display cameras) to stimulate consumer replacement demand[38] - The company faces challenges in accurately estimating future customer demand due to the short-term nature of commitments and rapid changes in product demand[39] - The company is controlling recurring expenses and inventory levels, reducing idle costs, and streamlining production processes to optimize asset and workforce utilization[39] - The company is focusing on improving operational management, cost efficiency, and production processes to enhance learning curves and yield rates[40] - The company is investing in R&D capabilities, talent development, and the use of environmentally friendly materials and technologies to maintain competitiveness[40] - The company is adjusting its service offerings to provide better and more cost-competitive solutions for customer products in the saturated smartphone market[41] - The company believes its long-term business relationships with major clients are a testament to its commitment to quality and delivery, helping clients compete in a challenging and saturated market[41] - The company has relocated its headquarters from Langfang, China to Taipei since March 26, 2021, and continues to focus on expanding its business beyond mainland China[42] - The company is exploring new projects, products, industries, and customer opportunities in different countries to diversify its product lines and customer base[42] - The company is enhancing its automation levels, improving efficiency, and implementing robust cost control measures to strengthen its core capabilities[42] - The company is expanding its operations in India, leveraging its EMS and ODM capabilities to enter high-growth industries such as telecommunications, mechanical components, electric vehicles, TVs, and wearable devices[45] - Bharat FIH Limited (BFIH) operates over 90 production lines across three industrial parks in Andhra Pradesh and Tamil Nadu, employing more than 25,000 workers, with approximately 85% being female employees[46] - BFIH is deepening its localization strategy for manufacturing and sourcing components to reduce reliance on imports and mitigate global supply chain risks[45] - The company is focusing on near-shoring production to reduce dependency on China, with some U.S. clients requesting manufacturing in the U.S./Mexico[43] - BFIH is enhancing its R&D capabilities, with a research center located at the Indian Institute of Technology Madras Research Park, to provide innovative EMS and ODM solutions[46] - The company is diversifying its customer and product portfolio to mitigate risks associated with market competition and supply chain disruptions[42] - BFIH aims to reduce manufacturing costs, improve supply chain management, and shorten product delivery times by expanding its service offerings[45] - BFIH plans to increase investment in R&D capabilities, focusing on vertical integration and providing diversified services to OEMs in the ODM value chain[47] - BFIH aims to establish a strong local product design and development team, enhancing existing R&D resources[47] - BFIH's R&D center provides design and development services for smartphones, IoT, network infrastructure, EV subsystems, and smart TVs[47] - BFIH is strengthening partnerships with startups and e-commerce companies in electronics manufacturing to expand business in the short term[48] - BFIH is exploring opportunities to export mobile phones and wearables to Europe and the US, leveraging India's geographical advantage[49] - BFIH expects to benefit from the Production Linked Incentive (PLI) scheme and export duty exemptions, increasing export opportunities[49] - BFIH's short-term goal in the telecom and network products sector is to gain market share in EMS services and explore export opportunities[49] - BFIH has postponed its planned IPO due to current market conditions, with the intention to proceed when market conditions improve[49] - Vietnam's manufacturing sector is driven by low labor costs, a large and well-educated workforce, and strong foreign direct investment inflows[50] - Vietnam's economy grew by 8.02% in 2022, the fastest annual growth rate since 1997, driven by manufacturing exports and FDI inflows[50] - Vietnam's 2023 GDP growth target is 6.5% with an inflation rate target of 4.5%[51] - Fushan Technology (Vietnam) expanded its business to include home appliances, smartphones, automotive parts, and EV projects, diversifying from traditional mobile manufacturing[52] - Fushan Technology (Vietnam) began its own sales operations in 2022, capturing both local and international business opportunities[52] - The company has been involved in 5G, IoV (Internet of Vehicles), and AI since 2019, leveraging its expertise in software design and hardware development[53] - Mobile Drive, a joint venture with Stellantis, focuses on developing smart cockpit solutions for automotive infotainment systems[53] - The company is restructuring part of its capacity to obtain automotive functional safety certification without significant capital investment[54] - The company provides end-to-end manufacturing capabilities and repair services for mobile devices and smart consumer electronics, enhancing its competitive edge[54] - The company is expanding its production capacity in India and Vietnam to meet the growing demand in these markets[55] - The company is diversifying its customer base and product portfolio to mitigate risks associated with macroeconomic challenges[55] - The company's 5G products are gaining momentum due to the promotion of 5G services by US operators and the affordability of 5G products, with more 5G products appearing in the company's shipments[56] - The company has achieved initial success with top US operators and foresees opportunities to expand its business and product portfolio with more US operators[56] - A major Chinese client's global smartphone shipments in 2022 were 153.2 million units, a 19.8% year-on-year decrease, with a 14% year-on-year increase in sales of high-end smartphones priced at RMB 3,000 and above in China during the third quarter[57] - The company is a strategic supplier to Ensky Technology Pte. Ltd., leveraging its strong engineering and global manufacturing capabilities to meet the client's demands for shorter delivery times and high output rates[58] - Sharp Corporation's smartphone shipments globally decreased by 15.1% and in Japan by 17.2% in 2022, with its ICT division reporting an operating loss of -4.4% due to unfavorable exchange rates[59] - Sharp is focusing on developing eco-friendly mobile phone components using recycled