According to anecdotal reports from Wall Street, according to the prospectus, the controlling shareholder of Foxconn Industrial Internet Company is the dominant company (holding 41.14% of the equity stake before its release.) The backbone is an investment-holding company, with 100% indirectly held by Hon Hai Precision.
The IPO sponsor institutions for the gold company, the purpose of raising funds for the construction of industrial internet platform, 5G and Internet of things solutions.
The Company is principally engaged in the design, development, manufacturing and sales of various types of electronic equipment products, with net profit attributable to parent company of RMB15,868 million in 2017 and RMB14,366 million in 2016.
Foxconn Industrial Internet Company was established in 2015 with a registered capital of RMB17.73 billion and its chairman is Mao Yu Nan, one of Hon Hai Precision's five directors. The shareholders are two legal persons, a subsidiary of Hon Hai Group Robot Holding Co., Ltd. 75% stake, Hongfu Jin Precision Industry (Shenzhen) Co., Ltd. holds 25%.