ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintTitle ChevronIcon Twitter
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 2019 TWDUSD
Revenue207,520.06M6,713.09M
Gross Profit69,371.48M2,244.10M
Operating income40,773.15M1,318.97M
Income before tax41,287.65M1,335.62M
Net income32,788.54M1,060.68M
EBITDA77,122.24M2,494.83M
Diluted EPS4.220.13
Dividends Per Share4.220.13
Total Assets477,458.23M15,927.48M
Total liabilities91,064.47M3,037.81M
Total equity376,110.24M12,546.62M
Operating cash flow73,285.20M2,370.71M
Currency in TWDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 231,795.10M 229,991.42M 227,514.18M 215,483.15M 207,520.06M
Gross Profit 81,273.51M 80,229.72M 78,642.98M 74,208.94M 69,371.48M
Operating income 50,484.80M 48,621.04M 46,828.18M 43,533.20M 40,773.15M
Income before tax 51,060.22M 48,899.88M 47,589.81M 44,477.10M 41,287.65M
Net income 42,805.72M 40,067.01M 38,873.90M 35,501.62M 32,788.54M
EBITDA 83,914.53M 81,086.89M 78,736.96M 77,343.08M 77,122.24M
Diluted EPS 5.50 5.16 5 4.57 4.22
Dividends Per Share 5.48 4.94 4.79 4.47 4.22
Total Assets 453,021.09M 447,132.50M 451,123.12M 467,268.70M 477,458.23M
Total liabilities 79,012.08M 75,932.83M 77,543.54M 80,696.38M 91,064.47M
Total equity 368,739.92M 364,703.74M 364,881.98M 376,562.37M 376,110.24M
Operating cash flow 77,567.41M 66,215.07M 71,840.40M 67,089.47M 73,285.20M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 7,299.69M 7,131.33M 7,478.43M 7,145.97M 6,713.09M
Gross Profit 2,559.46M 2,487.68M 2,585.00M 2,460.96M 2,244.10M
Operating income 1,589.86M 1,507.59M 1,539.25M 1,443.67M 1,318.97M
Income before tax 1,607.98M 1,516.23M 1,564.28M 1,474.97M 1,335.62M
Net income 1,348.03M 1,242.35M 1,277.79M 1,177.32M 1,060.68M
EBITDA 2,642.63M 2,514.25M 2,588.09M 2,564.89M 2,494.83M
Diluted EPS 0.17 0.16 0.16 0.15 0.13
Dividends Per Share 0.17 0.15 0.15 0.14 0.13
Total Assets 13,791.85M 13,873.60M 15,159.47M 15,202.15M 15,927.48M
Total liabilities 2,405.45M 2,356.04M 2,605.76M 2,625.38M 3,037.81M
Total equity 11,225.98M 11,316.01M 12,261.43M 12,251.11M 12,546.62M
Operating cash flow 2,442.75M 2,053.12M 2,361.40M 2,224.86M 2,370.71M

Valuation Measures

Dec 2019
PER26.02
ROA6.94%
ROE8.71%
Operating margin19.64%
Profit margin15.80%

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

  • Shin Kong Life Insurance Co., Ltd. (7.4%)
  • BlackRock Fund Advisors (1.3%)
  • The Vanguard Group, Inc. (1.1%)
  • Fubon Life Insurance Co., Ltd. (1.1%)
  • Norges Bank Investment Management (0.8%)
  • BlackRock Advisors (UK) Ltd. (0.3%)
  • Yuanta Securities Investment Trust Co., Ltd. (0.2%)
  • Robeco Institutional Asset Management BV (0.2%)
  • Geode Capital Management LLC (0.1%)
  • The Caisse de depot et placement du Quebec (0.1%)

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.
  • 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
  • LINE Corp.
  • 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 4 Dec, 2020

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends October 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more