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Electronic Technology

HIWIN Technologies Corp.

Company Background

Hiwin Technologies is a major Taiwanese manufacturer of machine tool parts. It is strong in such products as ball screws, used to make machine tools move smoothly, and linear guideways, used for accurate positioning. Hiwin is considered one of the world's top three producers of ball screws. It has locations in 12 countries and regions, including Taiwan. Founder and Chairman Eric Chuo used to work at a Taiwanese bank and handled loans for corporate customers before starting his own consulting business. He established Hiwin in 1989 based on a failing machine parts maker he acquired. In the 1990s, Hiwin began an overseas expansion push that included takeovers of German and Israeli parts makers. In 2013, it began supplying products to Japan's Toyota Motor group, taking advantage of its price competitiveness.

That same year, Hiwin began manufacturing industrial robots, focusing on demand for automated production lines at factories.

Hiwin established a local subsidiary in the Chinese city of Suzhou, Jiangsu Province, in 2014 to gain access to the mainland market. The company plans to start building a factory there at the end of 2015.

Hiwin also plans to build a factory in the Taiwanese city of Taichung, where it is headquartered.

In 2014, the company announced it will set up a research and development center for the precision machine industry with Taiwan's National Tsing Hua University.

It will at least spend 200 million New Taiwan dollars ($6.1 million) over the next decade to nurture human resources.

Business Summary

HIWIN Technologies Corp. engages in the research and development,manufacture, and sale of motion control products. It offers linear guideway, ball screws, industrial robots, rotary tables, reducers, precision bearings, and medical equipment. The company was founded by Yung Tsai Cho on October 11, 1989 and is headquartered in Taichung, Taiwan.

Financial Highlights

Dec 2019 TWDUSD
Revenue20,209.79M653.76M
Gross Profit6,382.51M206.46M
Operating income2,402.31M77.71M
Income before tax2,193.99M70.97M
Net income1,865.31M60.34M
EBITDA4,652.56M150.50M
Diluted EPS6.000.19
Dividends Per Share1.800.05
Total Assets48,331.85M1,612.29M
Total liabilities24,677.37M823.21M
Total equity23,743.25M792.04M
Operating cash flow1,403.13M45.39M
Currency in TWDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 14,881.04M 16,118.29M 21,164.76M 29,333.12M 20,209.79M
Gross Profit 5,157.20M 5,107.02M 7,337.44M 11,302.74M 6,382.51M
Operating income 1,902.61M 1,450.90M 3,237.08M 6,423.91M 2,402.31M
Income before tax 1,811.09M 1,170.53M 2,788.73M 6,066.34M 2,193.99M
Net income 1,642.23M 1,326.81M 2,738.01M 5,392.25M 1,865.31M
EBITDA 3,255.88M 2,938.92M 4,819.03M 8,241.32M 4,652.56M
Diluted EPS 5.46 4.42 9.13 17.75 6.00
Dividends Per Share 1.89 1.47 3.28 6.79 1.80
Total Assets 32,766.21M 32,966.52M 37,573.55M 48,892.84M 48,331.85M
Total liabilities 18,265.48M 18,166.60M 20,973.70M 24,454.44M 24,677.37M
Total equity 13,646.03M 14,101.61M 16,293.09M 24,180.45M 23,743.25M
Operating cash flow 1,069.75M 4,429.53M 6,567.76M 5,153.85M 1,403.13M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 468.63M 499.77M 695.68M 972.76M 653.76M
Gross Profit 162.41M 158.35M 241.18M 374.82M 206.46M
Operating income 59.91M 44.98M 106.40M 213.03M 77.71M
Income before tax 57.03M 36.29M 91.66M 201.17M 70.97M
Net income 51.71M 41.14M 89.99M 178.82M 60.34M
EBITDA 102.53M 91.12M 158.40M 273.30M 150.50M
Diluted EPS 0.17 0.13 0.30 0.58 0.19
Dividends Per Share 0.05 0.04 0.10 0.22 0.05
Total Assets 997.54M 1,022.88M 1,262.61M 1,590.68M 1,612.29M
Total liabilities 556.07M 563.67M 704.79M 795.60M 823.21M
Total equity 415.44M 437.54M 547.51M 786.68M 792.04M
Operating cash flow 33.68M 137.34M 215.88M 170.91M 45.39M

Valuation Measures

Dec 2019
PER46.63
ROA3.83%
ROE7.78%
Operating margin11.88%
Profit margin9.22%

Key executives

  • General Chief Executive Officer & Director: Yung Tsai Cho
  • General Manager & Director: Hui Ching Tsai
  • Senior Deputy GM-Finance & Head-Accounting: Yi Feng Lin
  • Deputy General Manager: Hsien Te Sung
  • Deputy General Manager-Marketing: Yan Chi Peng

Shareholders

  • Hiwin Investment Corp. (7.1%)
  • CHUO YUN TSAI (4.4%)
  • LEE SHUN CHIN (4.4%)
  • The Vanguard Group, Inc. (2.9%)
  • CHUO WEN HEN (2.0%)
  • BlackRock Fund Advisors (1.7%)
  • CHUO XIU YU (1.6%)
  • CHUO XIU MIN (1.6%)
  • Nan Shan Life Insurance Co., Ltd. (1.4%)
  • TSAI HUEY CHING (1.4%)

Contact Details

  • Website:http://www.hiwin.tw
  • Address: 7 Jingke Road, Wenshan Area, Taichung, 408 52, Taiwan
  • Phone: +886.4.23594510

Related Companies

  • Hiwin Technologies China Corp.
  • Shenzhen Hiwin Electrical & Mechanical Co. Ltd.
  • Hiwin China Co. Ltd.
  • Hiwin Korea Corp.
  • Hiwin Singapore PTE Ltd.
  • Luren Precision Co., Ltd.
  • HIWIN GmbH

Competitors

  • Chieftek Precision Co., Ltd.
Last Updated on 7 Aug, 2020

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