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Electronic Technology

HIWIN Technologies Corp.

  • 240.50 TWD
  • +2.50
  • +1.05%
  • Taiwan
    May 23, 2019
  • Ticker
    TAI(2049)
  • Prev. close
    238.00
  • Market cap (TWD)
    71,533.75M
  • Market cap (USD)
    2,267.60M
  • Shares
    300.56M

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. is engaged in the manufacture and sale of linear motion control products. Its products include ballscrew, linear guideway, linear bearing, single & multi axis robot, linear motion system, end effector, driven tool holders, direct drive CNC tilting rotary table, linear actuator, medical equipment and positioning measurement system. The company was founded on October 11, 1989 and is headquartered in Taichung, Taiwan.

Financial Highlights

Dec 2018 TWDUSD
Revenue29,333.12M972.76M
Gross Profit11,302.74M374.82M
Operating income6,423.91M213.03M
Income before tax6,066.34M201.17M
Net income5,392.25M178.82M
EBITDA8,241.32M273.30M
Diluted EPS18.290.60
Dividends Per Share70.23
Total Assets48,892.84M1,590.68M
Total liabilities24,454.44M795.60M
Total equity24,180.45M786.68M
Operating cash flow5,153.85M170.91M
Currency in TWDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 15,087.33M 14,881.04M 16,118.29M 21,164.76M 29,333.12M
Gross Profit 5,615.80M 5,157.20M 5,107.02M 7,337.44M 11,302.74M
Operating income 2,847.83M 1,902.61M 1,450.90M 3,237.08M 6,423.91M
Income before tax 2,900.88M 1,811.09M 1,170.53M 2,788.73M 6,066.34M
Net income 2,404.90M 1,642.23M 1,326.81M 2,738.01M 5,392.25M
EBITDA 3,954.33M 3,255.88M 2,938.92M 4,819.03M 8,241.32M
Diluted EPS 8.25 5.63 4.56 9.41 18.29
Dividends Per Share 2.88 1.94 1.51 3.37 7
Total Assets 30,365.44M 32,766.21M 32,966.52M 37,573.55M 48,892.84M
Total liabilities 16,693.15M 18,265.48M 18,166.60M 20,973.70M 24,454.44M
Total equity 12,928.14M 13,646.03M 14,101.61M 16,293.09M 24,180.45M
Operating cash flow 3,232.51M 1,069.75M 4,429.53M 6,567.76M 5,153.85M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 497.87M 468.63M 499.77M 695.68M 972.76M
Gross Profit 185.32M 162.41M 158.35M 241.18M 374.82M
Operating income 93.97M 59.91M 44.98M 106.40M 213.03M
Income before tax 95.72M 57.03M 36.29M 91.66M 201.17M
Net income 79.36M 51.71M 41.14M 89.99M 178.82M
EBITDA 130.49M 102.53M 91.12M 158.40M 273.30M
Diluted EPS 0.27 0.17 0.14 0.30 0.60
Dividends Per Share 0.09 0.06 0.04 0.11 0.23
Total Assets 960.87M 997.54M 1,022.88M 1,262.61M 1,590.68M
Total liabilities 528.23M 556.07M 563.67M 704.79M 795.60M
Total equity 409.09M 415.44M 437.54M 547.51M 786.68M
Operating cash flow 106.67M 33.68M 137.34M 215.88M 170.91M

Valuation Measures

Dec 2018
PER11.98
ROA12.47%
ROE26.64%
Operating margin21.89%
Profit margin18.38%

Key executives

  • Chairman & Chief Executive Officer: Yung Tsai Cho
  • General Manager & Director: Hui Ching Tsai
  • Deputy GM, Head-Finance & Accounting: Yi Feng Lin
  • Director & Deputy General Manager: Wen Heng Cho
  • Deputy General Manager: Hsien Te Sung

Shareholders

  • Ta Yin Investment Co. Ltd. (6.8%)
  • CHO YUNG TSAI (4.3%)
  • LI HSUN CHIN (4.3%)
  • The Vanguard Group, Inc. (2.8%)
  • BlackRock Fund Advisors (1.9%)
  • CHO WEN HENG (1.9%)
  • TSAI HUI CHING (1.3%)
  • Lazard Asset Management LLC (1.3%)
  • CHEN CHIN TSAI (1.3%)
  • Norges Bank Investment Management (1.1%)

Contact Details

  • Website:http://www.hiwin.com.tw
  • Address: Taichung Precision Machinery Park, No. 7 Jingke Road, Taichung, 408 52, Taiwan
  • Phone: +886.4.23594510

Related Companies

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

Competitors

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