Foxconn's latest update: Unexpected events attract attention!

Foxconn denies being thoroughly investigated and needs to pay 180 billion yuan in taxes, calling online rumors rumors rumors and demanding that netizens distinguish right from wrong, not believe rumors, and reserves the right to pursue accountability. Previously, the tax department conducted tax inspections on Foxconn's enterprises in Guangdong, Jiangsu, and other places, while the natural resources department conducted investigations on their land use in Henan, Hubei, and other places

Foxconn denies being thoroughly investigated and needs to pay 180 billion yuan in taxes, calling online rumors rumors rumors and demanding that netizens distinguish right from wrong, not believe rumors, and reserves the right to pursue accountability. Previously, the tax department conducted tax inspections on Foxconn's enterprises in Guangdong, Jiangsu, and other places, while the natural resources department conducted investigations on their land use in Henan, Hubei, and other places. Hon Hai Group stated that it will actively cooperate with relevant units in handling the matter, emphasizing that legal compliance is its global fundamental principle. Foxconn is the world's largest electronic technology intelligent manufacturing service provider and also the largest OEM factory for Apple's iPhone, with over 40 campuses and one million employees. Affected by the impact, the stock price of its subsidiary, Industrial Fulian, experienced a significant decline. Recently, the news that Foxconn has been thoroughly investigated and needs to pay 180 billion yuan in taxes has been widely circulated online. However, Foxconn recently issued a statement denying these news and calling them rumors. The statement pointed out that individual self media fabricated rumors and facts without reason, seriously damaging the reputation of Foxconn Group and causing great negative impact. Foxconn stated that the company has always adhered to legal and compliant operations, and emphasized that the current production and operation of the group are normal and orderly.

At the same time, Foxconn calls on netizens to distinguish right from wrong, not to trust rumors, and promises to reserve the right to hold relevant rumor publishers and accounts accountable. Prior to Foxconn's statement, there were reports that the tax authorities had conducted tax inspections on Foxconn's key enterprises in Guangdong, Jiangsu, and other places, while the natural resources department had conducted on-site investigations on the land use of Foxconn's key enterprises in Henan, Hubei, and other places. These news have sparked speculation about whether Foxconn has tax and land issues. However, Foxconn's statement refutes these rumors, stating that its operations are legal and compliant, and that production and operation are normal and orderly. In addition, Foxconn's parent company, Hon Hai Group, has also issued a statement stating that in response to media reports of multiple companies under Foxconn being investigated, Hon Hai will actively cooperate with relevant units in handling the matter. The statement also emphasized that legal compliance is Hon Hai's fundamental principle worldwide. Hon Hai Group is a company based in Zhaoji, Taiwan, China, China. In 1988, it established Guangdong Shenzhen Foxconn Precision Components Factory in Shenzhen, and later successively set up production bases in other places. At present, Foxconn has more than 40 parks in Chinese Mainland, with millions of employees.

Foxconn is not only the world's largest electronic technology intelligent manufacturing service provider, but also the largest OEM factory for Apple's iPhone. Foxconn Group's revenue in 2022 was approximately RMB 1.49 trillion, a year-on-year increase of approximately 10%. At the same time, its total imports are about 540 billion yuan, accounting for 3.0% of the total imports of Chinese Mainland, and its total exports are about 849 billion yuan, accounting for 3.5% of the total exports of Chinese Mainland. It can be seen that Foxconn's economic contribution in Chinese Mainland is very important. However, influenced by these negative news, the stock price of Industrial Fulian, a subsidiary of Foxconn, experienced a significant decline. Industrial Fulian is a company under Hon Hai Group, mainly engaged in new businesses such as 5G, cloud computing, intelligent manufacturing, and industrial internet. Due to its close connection with Foxconn, the stock price of Industrial Alliance was affected by market concerns and panic, reaching a limit on October 23 and falling again by over 5% on October 24. Overall, the statements released by Foxconn and the response from Hon Hai Group both indicate their denial of the news of being thoroughly investigated and the need to pay 180 billion yuan in taxes, and emphasize the principles of legal and compliant operations.

However, regardless of whether these news are true or not, they have had a certain negative impact on the reputation and stock price of Foxconn and its subsidiary Industrial Alliance. For Foxconn, maintaining transparency, promptly clarifying rumors, and strengthening communication and cooperation with tax and natural resources departments will be important measures to maintain its own image and interests. Meanwhile, for media and netizens, they should approach relevant news with an objective and rational attitude, and conduct multiple verifications to avoid blindly spreading and trusting rumors. Finally, we need to consider how to balance the authenticity and timeliness of media coverage, how to strengthen the supervision and evaluation of legitimate and compliant business operations of enterprises, and how to improve the transparency and credibility of enterprises. These issues require the joint efforts of the government, enterprises, and the media to establish a good business environment and maintain social stability and fairness. Spokesperson of the Taiwan Affairs Office of the State Council, Zhu Fenglian, responded to reporters' concerns about the recent tax and land investigation of some enterprises under the Taiwanese company Foxconn Group at a regular press conference.

She stated that it is normal for the mainland to conduct disciplinary and legal investigations on all enterprises without discrimination, and emphasized that the mainland government will continue to support Taiwanese and Taiwanese enterprises in their investment and development in the mainland, and provide them with a good development environment and policy measures. However, she also reminded Taiwanese enterprises to assume corresponding social responsibilities and actively contribute to promoting the peaceful development of cross-strait relations. Recently, some companies under Foxconn Group, a Taiwanese company, have encountered tax and land investigations in mainland China, which has attracted widespread attention. These investigations have sparked criticism from Taiwan's media and political circles, believing that the mainland government has treated Taiwanese companies unfairly. In this context, spokesperson for the Taiwan Affairs Office of the State Council, Zhu Fenglian, responded to this at a regular press conference. When answering questions from reporters, Zhu Fenglian stated that conducting compliance investigations on all enterprises in mainland China is a normal law enforcement behavior, and there is no special treatment for Taiwanese enterprises. She emphasized that the mainland government has always respected, cared for, and benefited Taiwan compatriots, and this policy stance and goodwill will not change.

The mainland will continue to support the investment and development of Taiwanese and Taiwanese enterprises in the mainland, providing them with a good development environment, and continuously improving the implementation of policies and measures that benefit Taiwanese and Taiwanese enterprises, providing opportunities and space for their better and faster development in the mainland. However, Zhu Fenglian also emphasized that while Taiwanese enterprises enjoy the dividends of mainland development, they also need to bear corresponding social responsibilities. She pointed out that promoting the peaceful development of cross-strait relations is the vision of the mainland, and Taiwanese enterprises should actively participate in it and play a positive role in the peace and stability of cross-strait relations. This statement demonstrates the mainland's expectations and requirements for Taiwanese enterprises, and reminds them to actively fulfill their social responsibilities and make contributions. In recent years, the mainland has been committed to improving cross-strait relations, providing a better environment and policy support for Taiwanese businesses and enterprises to invest and operate in the mainland. According to statistics, as of the end of June this year, the mainland has approved over 80000 Taiwanese funded enterprises, with a total investment of approximately 1.4 trillion US dollars. These investments not only bring huge business opportunities and profits to Taiwanese enterprises, but also bring employment opportunities and economic growth to the mainland. Therefore, the mainland government has always attached great importance to the development of Taiwanese businesses and enterprises in the mainland, and will continue to provide support and protection. However, with the changing political atmosphere within Taiwan, cross-strait relations face some challenges and difficulties.

Especially in recent times, some Taiwanese politicians and media have launched attacks and smears on the mainland, which has had a certain negative impact on cross-strait relations. In this situation, the mainland government conducts tax and land investigations on Taiwanese enterprises, aiming to maintain market order and the principle of fair competition, while also serving as a reminder for Taiwanese enterprises to fulfill their social responsibilities. In summary, Zhu Fenglian, spokesperson for the Taiwan Affairs Office of the State Council, responded to the recent tax and land investigation of some enterprises under the Taiwanese company Foxconn Group at a regular press conference. She emphasized that it is normal for the mainland to conduct compliance investigations on all enterprises without discrimination, and stated that the mainland government will continue to support the investment and business development of Taiwanese and Taiwanese enterprises in the mainland. However, she also reminded Taiwanese enterprises to actively fulfill their social responsibilities and contribute to the peaceful development of cross-strait relations. Faced with the current situation, the stable development of cross-strait relations requires rational thinking and objective reporting from politicians and media on the island. At the same time, it also requires the joint efforts of the mainland government and Taiwanese enterprises to strengthen communication and understanding, and jointly promote the peaceful development of cross-strait relations. So, how can we further strengthen cross-strait exchanges and cooperation? Should the mainland government continue to support the development of Taiwanese businesses and enterprises in the mainland? Please leave a message to share your views.

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