Brief News: Automotive Business Steady, FIH's First Quarter Revenue Rises Over 10%

FIH Group Limited announced its first-quarter financial report for the period ending in March, with revenue of approximately USD 1.1196 billion, a year-on-year increase of about 10.1%; profit of approximately USD 3.069 million, a year-on-year surge of about 186%. The revenue growth was mainly attributed to the robust development of the automotive electronics business and diversification of the customer base. The gross profit margin rose to approximately 3.61%. Despite a foreign exchange loss of about USD 8 million and operating expenses increasing to approximately USD 37.5 million, the company expects a slight increase in operating revenue in the first half of 2026, and financial performance will improve