Hon Hai founder Terry Gou has qualified to run in the presidential election. The Central Election Commission made the announcement on Tuesday, saying Gou collected more than 900,000 valid signatures of support. On the same day, Hon Hai held its third-quarter earnings call. Reuters asked if a Gou presidency would create a political risk for Hon Hai, as China may put pressure on the company to influence Gou’s decisions. Hon Hai CEO Young Liu had this to say.
Hon Hai CEO
This is a question that none of us is able to tell you what’s going to happen except Terry. He would make his own decision. I don’t have any crystal ball. I don’t know what’s going to happen. But on the management team point of view, we would have to be prepared for all the possible cases.
For the third quarter, Hon Hai posted more than NT$1.5 trillion in revenue and EPS of NT$3.11. Its gross profit margin was the highest since the third quarter of 2017. Addressing Hon Hai’s tax audit in China, the CFO moved to assure investors, emphasizing that all group operations were normal.
For more Taiwan news, tune in:
Sun to Fri at 9:30 pm on Channel 152
Tue to Sat at 1 am on Channel 53