On March 8, Foxconn's application for its debut in the A-share market was approved.
A 300 billion dollar super giant is about to land on A shares.
36 days!!! From the submission of the prospectus to the final meeting, Foxconn's IPO review in the A-share market is the "fastest in history".
Previously, the average A-share review cycle was as high as three years.
In this registration system reform pressed the pause button, the IPO is the most stringent audit period of the spring, Foxconn wrote a spring story.
Once listed, as the founder of the Kuo will also be worth more than 100 billion.
Foxconn flash listing, praise and bomb exchanges intense, leaving aside the grand narrative, Foxconn's truth has been quite surprising?
Who is Jimmy Kuo?
Speaking of Foxconn.
First, you have to recognize Martin Kuo.
Born in Taipei in 1950, Kuo's family was not wealthy.
As the eldest son, in order to alleviate the burden on his family, he finished his college education and went into military service.
After being demobilized, he started a shift at Taiwan's Renaissance Shipping Company.
Kuo was not satisfied with that.
In 1973, with NT$100,000 saved up by his mother, Kuo and a friend founded Hon Hai Plastic Enterprises Ltd. to manufacture plastic products.
At the time, there were only 70 square meters and 15 workers.
This was the predecessor of Hon Hai Group, the parent company of Foxconn.
In 1985, Kuo set up a branch in the United States and created the brand "FOXCONN", which means Foxconn.
The first industrial enterprise with one million employees in history
Public information shows that Foxconn is the world's leading provider of communication network equipment, cloud service equipment, precision tools and industrial robots specialized in design and manufacturing services.
In 2015-2017, Foxconn realized operating income of 272.8 billion yuan, 272.713 billion yuan and 354.544 billion yuan, and net profit for the same period amounted to 14.35 billion yuan, 14.39 billion yuan and 16.219 billion yuan, and net cash flow from operating activities was 8.579 billion yuan, 20.958 billion yuan and 8.514 billion yuan.
Foxconn's major customers include Amazon, Apple, ARRIS, Cisco, Dell, HPE, Huawei, Lenovo, NetApp, Nokia, nVidia, etc., all of which are globally recognized electronics industry brand companies.
Henry Ford, the originator of the industrial assembly line, once said that no one can manage a million people.
However, as early as 2011, the total number of Foxconn employees had already exceeded one million, making it the first million-employee industrial enterprise in the history of mankind, and a product of the industrial assembly line at its peak.
Kuo once spat, "The thought of managing a million people every day gives me a headache."
But still, management is the most awesome state ever achieved by mankind.
The speed of response, the efficiency, is no less than that of a small business.
For more than a decade in a row, Foxconn has dominated China's exports (accounting for about 5% of total exports), and its companies are the top exporters in five or six provinces, including Guangdong, Lu, Henan, and Jin.
Let the Japanese panic precision manufacturing capacity
In 2016, Foxconn made a move that shocked the world - spending $3.5 billion to buy the troubled Japanese electronics giant Sharp.
Having taken Sharp, Guo immediately helped Sharp set up an intellectual property management company.
On the last day of 2016, Kuo slammed down 61 billion yuan to open a 10.5-generation line LCD panel factory in Guangzhou.
61 billion! This is the single largest investment project introduced into Guangzhou since the reform and opening up.
According to Kuo's vision, 8K ultra-high-definition fine-image LCDs will bring an image data revolution to the industrial Internet, the Internet of Cars, entertainment, healthcare, social networking, education, security, and other fields.
Kuo announced, "Will continue to increase investment in the real economy, Foxconn will be based in the Pearl River Delta in the future, transformed into the industrial Internet, car networking leader, and to create an intelligent ecosystem including work, education, entertainment, health care and other areas."
Acquisition in less than a year, Foxconn will Sharp from the abyss of losses over the years, pulling back on the track of profitability.
Why is Foxconn so good? Foxconn makes 40% of the world's consumer electronics.
Guo said in an interview: "Last Christmas in the United States the top ten best-selling products, seven are Foxconn do.
I think we've all seen this report.
For example, if you have this camera in your hand, this telescopic lens, there is no other company that makes it.
The molds for this are very precise.
(If anyone can do it) you tell me, I'll buy that company right away."
Japan's BP had an in-depth study of Foxconn, and the tone was: don't self-congratulate the old family business, there's one called Foxconn catching up.
?BP commented: to this day, if you do not go to understand the reality of Hon Hai Precision, and study the response, I am afraid that the Japanese civil products manufacturers will be difficult to regain the former glory.
Google has come to buy Foxconn's patents
The name of Foxconn's intellectual property department is Intellectual Property Management.
It has a team of more than 500 people and operates tens of thousands of Foxconn patents.
From 2013 to 2014, Google bought patents from Foxconn for communications technology, displays, and wearables in succession.
Because without buying these patents, Google couldn't cut its way into the hardware space.
Since then, there has been bragging capital?
In 2011, Hon Hai received the ninth most US patents in the world, and Huawei entered the top 50 list for the first time until 2014.
In the U.S. Massachusetts Institute of Technology's annual global patent ranking, is the world's top 20 in the only Chinese companies on the list.
Most of China's reigning domestic brand companies are inching their way internationally and getting sued at every turn because they don't have enough patent licenses.
Today when almost all companies kneel Ali Tencent, the only company that can make these two rush to cooperate is Foxconn.
In March 2015, Guo, Ma Huateng and Zhengzhou Harmony Automobile **** with the signing of the "Internet + intelligent electric vehicle platform" agreement.
Previously, Foxconn and Tencent had **** together invested in the creation of the electric car company FutureMobility.
In June 2015, Alibaba and Foxconn injected 14.5 billion yen each into SoftBank Robotics Holding SBRH, a subsidiary of SoftBank.
In August 2015, Alibaba and Foxconn took a stake in Indian e-commerce company Snapdeal for $200 million and $500 million respectively, an investment that also included Japan's Softbank Group.
In October 2015, Alibaba Cloud and Foxconn **** launched the "Tao Fu Chengzhen" project, opening up Foxconn's world-class design, research and development, patents, supply chain, manufacturing and other capabilities, Alibaba Cloud's cloud computing platform and big data processing capabilities, and Alibaba's e-commerce Tmall Taobao's platform capabilities, and at the same time, introduced the Ginkgo Valley Capital, Yunfeng Fund, Piggyback Fund, and Ginkgo Valley Capital, as well as the Ginkgo Valley Capital. , Yunfeng Fund, Piggyback.com, Roco and other enterprises to provide entrepreneurs with a full chain of innovation and entrepreneurship services.
In August 2016, Tencent Holdings and Foxconn led the participation in a new round of investment in Indian communications app vendor Hike.
The point is that Foxconn dominates in most collaborations.
The vast majority of dual-venture companies waiting for Ali and Tencent to hook up were anxious.
What does Foxconn want?
Foxconn's English name, FOXCONN, is a portmanteau of fox and connector.
These two words are Kuo's favorite things.
It's connecting, like crazy.
Except it's building on the flood of power accumulated over the last 30 years.
Kuo said, "Foxconn has always innovated in manufacturing technology.
We think that in the future, the network, design, and in the future, especially then go e-merce, or go on the B2B business model, we are building a platform that can help very many small and medium-sized enterprises, entrepreneurs, how to use the network today, how to use the computer, but also to give him a full set of software, and he sells his goods, and do not even need their own IT department.
We can help him with the whole thing.
All he has to do is put his idea up and it sells very quickly.
All of this we're already doing."
What he wants to do can be simply described as a systems developer, integrator, and channel provider for the manufacturing supply chain.
From Softbank Masayoshi Son, Ali Ma Yun, Tencent Ma Huateng, these top heads rush to cooperate and invest with Foxconn can be appreciated, Foxconn accumulated how strong the discourse.
On the Internet, Kuo believes that the real network economy has not yet begun in China, because the current network economy is just young people killing time (kill time).
"Although now a lot of network companies, Internet companies are very successful, the current count is called all very successful.
But in the next wave of really towards intense competition, who can win, in fact, is still undecided."
"Now we think the time is right.
In the past, the Web has been an opportunist's paradise in China, and in the future it should be a power player's opportunity.
e-merce or not, cloud or not, mobile Internet or not.
Each of these three is a strength of Foxconn worldwide."
Where is Foxconn going?
Foxconn is China's reform and opening up of the industrial history of the most intensive, the longest chain, the largest integrator.
It connects with top brands at the top and millions of SMEs at the bottom.
Guo himself complained of distress: in Taiwan and mainland China, both think that OEM has no future, do not see the value of patented technology, that the land and so on is valuable.
And R & D, patenting, commercialization takes five to ten years, he insisted that the layout of the R & D is now the future of Hon Hai.
There was a suspicion that Foxconn would leave because, from a comprehensive cost perspective, China no longer has much of an advantage.
If there is no support for labor, knowledge, technology investment, no reverence for the real ecology, addicted to speculation and speculation-led bubble economy, Foxconn has no reason to stay.
"Foxconn did not go, we chose to sign the biggest project on the last day of the year, the best technology settled here.
Foxconn is also in the process of transformation and upgrading, Foxconn will not go, will stay here.
"Guo said after the landing of the project in Guangzhou," from the project negotiations to settle in Guangzhou for the signing of the contract in less than 50 days, you can see the efficiency of the *** and dedication to high-tech.
The mainland is now promoting the real economy, de-virtualization and integration of soft and hard, I think this is a right direction."
Alibaba Group CTO Wang Jian said: as far as manufacturing is concerned, Apple has seen through Foxconn to a far greater extent than any other company in China.
If you open up Foxconn's capabilities, you can raise the overall level of innovation (in Chinese manufacturing).