OFweek smart home network news Guotai Ming's Hon Hai Group has a Sharp brand blessing, will fully devoted to the Internet of things smart home market, through subsidiaries Futai Hua and Hong Fujin investment in Shenzhen Fulian Wang Internet Smart Home Co., Ltd. 100% Equity, with a total investment of RMB 2 billion, will target China's amazing domestic market.
With the rise of smart cities, smart homes, smart home appliances and the Internet of Things, the Chinese market has created tremendous business opportunities. Hon Hai Group has been deeply entrenched in the Chinese market for a long time and has an excellent advantage, especially after having the Sharp brand blessing. The partnership is closer. Hon Hai has not only become Sharp's rich dad, but also has mastered Sharp's R&D, marketing, and manufacturing. This time, he has to further enhance Sharp's sales performance through the Rich Connected Internet of Things smart home company.
Under the leadership of the Hon Hai Group, Sharp's operating performance this year has been extremely impressive. It has not only successfully returned to profitability in a short period of time, is close to the financial targets, but also contributed to the financial report of Hon Hai's parent company. This year, Hon Hai’s Profits have the opportunity to grow more than last year and to challenge the goals of a share capital.
According to the Hon Hai announcement, Futai Hua (Shenzhen) obtained a 30% equity interest in Shenzhen Fulianwang IOT Smart Home Co., Ltd., with a total amount of RMB 600 million. Hongfujin Precision Electronics (Zhengzhou) obtained 70% of the equity, amounting to 1.4 billion yuan, and its goal is to focus on long-term investment.
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