NO BUMPER YEAR: With sales in the second half expected to be flat from a year earlier, the company has cut its projections for revenue growth to between 1 and 3 percent

Taipei Times
Date: Mar 04, 2020
By: Natasha Li  /  Staff reporter

Hon Hai Precision Industry Co (鴻海) yesterday said that it plans to restore its Chinese operations to full production by the end of the month, while it trimmed its business outlook for this quarter.

“Resuming production and safeguarding the health of our employees remain our top priorities… We have now recovered about 50 percent of our seasonal capacity [in China],” Hon Hai chairman Young Liu (劉揚偉) told an investors’ conference.

While China has largely relaxed curbs on transport and travel as new cases of COVID-19 outside Hubei Province continue to fall, investors are still concerned about a potential shortage of production materials.

However, Liu said that the company’s supply chain remains intact.    [FULL  STOR\]