Guangyu’s October revenue dropped 18.22% month-on-month as it strives for full-year growth

In terms of AI server layout, Guangyu will continue to secure orders for related products in order to boost overall revenue performance and actively enter high-end product lines through existing customer relationships. (File photo)

[Reporter Fang Weijie/Taipei Report] Guangyu (2328), a subsidiary of Hon Hai Group, had consolidated revenue of 1.996 billion yuan in October, a monthly decrease of 18.22% and an annual increase of 27.82%. The cumulative revenue for the first ten months of this year was 18.282 billion yuan, an annual decrease of 0.66%. Guangyu pointed out that October was affected by factors such as the slowdown in the momentum of automotive products, delayed delivery of key materials, and the peak period of some component products, which led to a decline in revenue compared with September. However, due to the lower base period in the same period last year, the annual growth rate still reached double digits.

Observing this year's operating performance, Guangyu's revenue performance was relatively weak in the first half of the year due to the impact of market demand and shipments. However, as shipments gradually increased in the second half of the year, revenue has shown annual growth for four consecutive months from July to October, driving the annual decline in cumulative revenue to converge to 0.66%, gradually returning to the same period last year. Guangyu said that it will actively implement the shipment plan of AI servers and robot-related products and strive to restore annual revenue growth.

In terms of AI server layout, Guangyu will continue to secure orders for related products in order to boost overall revenue performance and actively enter high-end product lines through existing customer relationships. In the face of recent market challenges, in addition to pursuing growth in revenue scale, the company has also listed optimizing profit levels as its main development strategy, continuing to increase the proportion of high-margin product categories and improving the overall product mix.

As for the field of humanoid robots, Guangyu is actively promoting related business layout, extending its existing wire and harness technology experience to the key component market of humanoid robots, and seeking new business development opportunities. The company hopes to gradually establish new revenue and profit growth engines and promote long-term operating models by venturing into emerging application areas.

In addition, Guangyu's existing products cover the fields of wire harnesses, connectors, casings, printed circuit boards and system assembly. In the future, it will continue to develop in the direction of increasing product added value and optimizing the profit structure. It will also simultaneously win new orders from consumer electronics and automotive customers. Through existing business improvements and emerging product layout, it will add growth momentum to subsequent operations.