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Communications

Chunghwa Telecom Co., Ltd.

Company Background

Chunghwa Telecom is Taiwan's largest telecommunications company, with total assets of more than $14 billion. It operates not only fixed-line and mobile service businesses but also media and IT solutions services. The number of telecom subscribers exceeded 22.4 million as of September 2015. The company employs over 23,000 people.

 

Chunghwa has been expanding its fourth-generationhigh-speed mobile broadband service to enhance profitability. In 2014, it became Taiwan's first telecom provider to launch 4G services. It continues to invest in 4G infrastructure. To diversify its revenue sources, the company is promoting music, video and other forms of entertainment to its subscribers. Chunghwa is also strengthening its information technology and cloud businesses in the hopes of pulling in corporate clients.

 

Chunghwa is around 40% owned by Taiwan's government. Tsai Lih-shyng became chairman and CEO in 2014. Before joining the company, he had worked at Taiwan Semiconductor Mfg. Co., or TSMC, the world's largest chip foundry. Tsai served as CEO of two wholly owned TSMC subsidiaries -- TSMC Solar and TSMC Solid State Lighting.

Business Summary

Chunghwa Telecom Co., Ltd. engages in the provision of integrated telecommunication services. It offers domestic & international fixed communication, mobile communication, broadband, Internet services. The Company also provides information and communication technology services; and innovative technology services such as Internet of things and artificial intelligence. Chunghwa Telecom was founded on June 15, 1996 and is headquartered in Taipei, Taiwan.

Financial Highlights

Dec 2020 TWDUSD
Revenue207,608.99M7,050.85M
Gross Profit68,468.91M2,325.35M
Operating income40,766.48M1,384.51M
Income before tax42,588.22M1,446.38M
Net income33,406.13M1,134.54M
EBITDA77,905.05M2,645.82M
Diluted EPS4.300.14
Dividends Per Share4.300.14
Total Assets506,377.99M18,021.85M
Total liabilities117,119.53M4,168.25M
Total equity377,931.01M13,450.45M
Operating cash flow75,096.52M2,550.44M
Currency in TWDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 229,991.42M 227,514.18M 215,483.15M 207,520.06M 207,608.99M
Gross Profit 80,229.72M 78,642.98M 74,208.94M 69,371.48M 68,468.91M
Operating income 48,621.04M 46,828.18M 43,533.20M 40,773.15M 40,766.48M
Income before tax 48,899.88M 47,589.81M 44,477.10M 41,287.65M 42,588.22M
Net income 40,067.01M 38,873.90M 35,501.62M 32,788.54M 33,406.13M
EBITDA 81,086.89M 78,736.96M 77,343.08M 77,122.24M 77,905.05M
Diluted EPS 5.16 5 4.57 4.22 4.30
Dividends Per Share 4.94 4.79 4.47 4.22 4.30
Total Assets 447,132.50M 451,123.12M 467,268.70M 477,458.23M 506,377.99M
Total liabilities 75,932.83M 77,543.54M 80,696.38M 91,064.47M 117,119.53M
Total equity 364,703.74M 364,881.98M 376,562.37M 376,110.24M 377,931.01M
Operating cash flow 66,215.07M 71,840.40M 67,089.47M 73,285.20M 75,096.52M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 7,131.33M 7,478.43M 7,145.97M 6,713.09M 7,050.85M
Gross Profit 2,487.68M 2,585.00M 2,460.96M 2,244.10M 2,325.35M
Operating income 1,507.59M 1,539.25M 1,443.67M 1,318.97M 1,384.51M
Income before tax 1,516.23M 1,564.28M 1,474.97M 1,335.62M 1,446.38M
Net income 1,242.35M 1,277.79M 1,177.32M 1,060.68M 1,134.54M
EBITDA 2,514.25M 2,588.09M 2,564.89M 2,494.83M 2,645.82M
Diluted EPS 0.16 0.16 0.15 0.13 0.14
Dividends Per Share 0.15 0.15 0.14 0.13 0.14
Total Assets 13,873.60M 15,159.47M 15,202.15M 15,927.48M 18,021.85M
Total liabilities 2,356.04M 2,605.76M 2,625.38M 3,037.81M 4,168.25M
Total equity 11,316.01M 12,261.43M 12,251.11M 12,546.62M 13,450.45M
Operating cash flow 2,053.12M 2,361.40M 2,224.86M 2,370.71M 2,550.44M

Valuation Measures

Dec 2020
PER25.31
ROA6.79%
ROE8.86%
Operating margin19.63%
Profit margin16.09%

Key executives

  • President & General Manager: Shui-Yi Kuo
  • Chief Financial Officer & Senior Executive VP: Yu Shen Chen
  • General Manager-Branch Office: Yuan Kuang Tu
  • General Manager-Branch Office: Ming Shih Chen
  • Head-Accounting & Deputy General Manager: Shu Ling Chen

Shareholders

  • Government of Taiwan (37.1%)
  • Shin Kong Life Insurance Co., Ltd. (7.4%)
  • Yuanta Securities Investment Trust Co., Ltd. (7.0%)
  • Chunghwa Telecom Co. Ltd. Employee Stock Option Scheme (4.1%)
  • Cathay Life Insurance Co., Ltd. (Invt Port) (1.5%)
  • Labor Insurance Fund (1.5%)
  • BlackRock Fund Advisors (1.5%)
  • Labor Pension New Fund (1.4%)
  • Fubon Life Insurance Co., Ltd. (1.1%)
  • Taiwan Life Insurance Co., Ltd. (Investment Portfolio) (1.0%)

Contact Details

  • Website:http://www.cht.com.tw
  • Address: No. 21-3 Xinyi Road, Section 1, Taipei, 100 48, Taiwan
  • Phone: +886.2.23941845

Related Companies

  • Senao International HK Ltd.
  • Chunghwa Telecom Co. Ltd. Depository Account
  • Chunghwa Telecom Telecommunication Laboratories
  • Chunghwa System Integration Co., Ltd.
  • Chunghwa Sochamp Technology, Inc.
  • Chunghwa Telecom Vietnam Co. Ltd.
  • Chunghwa Telecom Co. Ltd. Employee Stock Option Scheme
  • InfoExplorer Co., Ltd.
  • Chunghwa Telecom Singapore Pte Ltd.
  • Light-Era Development Co., Ltd.
  • Chunghwa Investment Co., Ltd.
  • Chief Telecom Inc.

Competitors

  • Taiwan Mobile Co., Ltd.
  • Far Eastone Telecommunications Co., Ltd.
  • Asia Pacific Telecom Co., Ltd.
  • PCCW Limited
  • Taiwan Optical Platform Co Ltd
  • Telstra Corporation Limited
  • Tatung Co.
  • Acer Incorporated
  • Advantech Co., Ltd.
  • Amazon.com, Inc.
  • Hewlett Packard Enterprise Co.
  • Hwacom Systems Inc
  • International Business Machines Corporation
  • MiTAC Holdings Corp.
  • NEC Corp.
  • Stark Technology, Inc.
  • Syscom Computer Engineering Co., Ltd.
  • Systex Corp.
  • Tencent Holdings Ltd.
  • Far Eastern New Century Corporation
  • Fortune Information System Corp.
Last Updated on 14 Apr, 2021

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