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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 2021 TWDUSD
Revenue210,477.94M7,535.40M
Gross Profit73,343.69M2,625.80M
Operating income45,299.23M1,621.77M
Income before tax45,644.98M1,634.15M
Net income35,753.57M1,280.02M
EBITDA84,515.34M3,025.76M
Diluted EPS4.600.16
Dividends Per Share4.600.16
Total Assets513,070.36M18,544.48M
Total liabilities121,807.91M4,402.64M
Total equity379,334.84M13,710.73M
Operating cash flow75,575.29M2,705.70M
Currency in TWDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 227,514.18M 215,483.15M 207,520.06M 207,608.99M 210,477.94M
Gross Profit 78,642.98M 74,208.94M 69,371.48M 68,468.91M 73,343.69M
Operating income 46,828.18M 43,533.20M 40,773.15M 40,766.48M 45,299.23M
Income before tax 47,589.81M 44,477.10M 41,287.65M 42,588.22M 45,644.98M
Net income 38,873.90M 35,501.62M 32,788.54M 33,406.13M 35,753.57M
EBITDA 78,736.96M 77,343.08M 77,122.24M 77,905.05M 84,515.34M
Diluted EPS 5 4.57 4.22 4.30 4.60
Dividends Per Share 4.79 4.47 4.22 4.30 4.60
Total Assets 451,123.12M 467,268.70M 477,458.23M 506,377.99M 513,070.36M
Total liabilities 77,543.54M 80,696.38M 91,064.47M 117,119.53M 121,807.91M
Total equity 364,881.98M 376,562.37M 376,110.24M 377,931.01M 379,334.84M
Operating cash flow 71,840.40M 67,089.47M 73,285.20M 75,096.52M 75,575.29M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 7,478.43M 7,145.97M 6,713.09M 7,050.85M 7,535.40M
Gross Profit 2,585.00M 2,460.96M 2,244.10M 2,325.35M 2,625.80M
Operating income 1,539.25M 1,443.67M 1,318.97M 1,384.51M 1,621.77M
Income before tax 1,564.28M 1,474.97M 1,335.62M 1,446.38M 1,634.15M
Net income 1,277.79M 1,177.32M 1,060.68M 1,134.54M 1,280.02M
EBITDA 2,588.09M 2,564.89M 2,494.83M 2,645.82M 3,025.76M
Diluted EPS 0.16 0.15 0.13 0.14 0.16
Dividends Per Share 0.15 0.14 0.13 0.14 0.16
Total Assets 15,159.47M 15,202.15M 15,927.48M 18,021.85M 18,544.48M
Total liabilities 2,605.76M 2,625.38M 3,037.81M 4,168.25M 4,402.64M
Total equity 12,261.43M 12,251.11M 12,546.62M 13,450.45M 13,710.73M
Operating cash flow 2,361.40M 2,224.86M 2,370.71M 2,550.44M 2,705.70M

Valuation Measures

Dec 2021
PER25.27
ROA7.01%
ROE9.44%
Operating margin21.52%
Profit margin16.98%

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. (6.3%)
  • Chunghwa Telecom Co. Ltd. Employee Stock Option Scheme (4.0%)
  • Cathay Life Insurance Co., Ltd. (Invt Port) (3.2%)
  • Labor Pension New Fund (1.8%)
  • BlackRock Fund Advisors (1.4%)
  • The Vanguard Group, Inc. (1.2%)
  • Norges Bank Investment Management (0.7%)
  • Fubon Life Insurance Co., Ltd. (0.7%)
  • Yuanta Securities Investment Trust Co., Ltd. (0.5%)

Contact Details

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

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Competitors

  • Taiwan Mobile Co., Ltd.
  • Asia Pacific Telecom Co., Ltd.
  • Far Eastone Telecommunications Co., Ltd.
  • PCCW Limited
  • Taiwan Optical Platform Co Ltd
  • Tatung Co.
  • Acer Incorporated
  • Advantech Co., Ltd.
  • 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.
  • Telstra Group Limited
  • Tencent Holdings Ltd.
  • Fortune Information System Corp.
Last Updated on 25 Nov, 2022

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