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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 2021 TWDUSD
Revenue27,265.16M976.13M
Gross Profit9,418.71M337.20M
Operating income5,115.58M183.14M
Income before tax4,433.20M158.71M
Net income3,532.23M126.45M
EBITDA7,351.78M263.20M
Diluted EPS10.240.36
Dividends Per Share4.410.15
Total Assets51,031.81M1,844.50M
Total liabilities20,564.70M743.29M
Total equity30,280.28M1,094.45M
Operating cash flow8,178.67M292.80M
Currency in TWDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 21,164.76M 29,333.12M 20,209.79M 21,266.65M 27,265.16M
Gross Profit 7,337.44M 11,302.74M 6,382.51M 5,378.78M 9,418.71M
Operating income 3,237.08M 6,423.91M 2,402.31M 1,742.62M 5,115.58M
Income before tax 2,788.73M 6,066.34M 2,193.99M 2,269.77M 4,433.20M
Net income 2,738.01M 5,392.25M 1,865.31M 1,929.73M 3,532.23M
EBITDA 4,819.03M 8,241.32M 4,652.56M 4,070.96M 7,351.78M
Diluted EPS 8.47 16.46 5.56 5.80 10.24
Dividends Per Share 3.04 6.29 1.66 1.92 4.41
Total Assets 37,573.55M 48,892.84M 48,331.85M 48,037.78M 51,031.81M
Total liabilities 20,973.70M 24,454.44M 24,677.37M 20,648.38M 20,564.70M
Total equity 16,293.09M 24,180.45M 23,743.25M 27,562.12M 30,280.28M
Operating cash flow 6,567.76M 5,153.85M 1,403.13M 5,258.30M 8,178.67M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 695.68M 972.76M 653.76M 722.26M 976.13M
Gross Profit 241.18M 374.82M 206.46M 182.67M 337.20M
Operating income 106.40M 213.03M 77.71M 59.18M 183.14M
Income before tax 91.66M 201.17M 70.97M 77.08M 158.71M
Net income 89.99M 178.82M 60.34M 65.53M 126.45M
EBITDA 158.40M 273.30M 150.50M 138.25M 263.20M
Diluted EPS 0.27 0.54 0.18 0.19 0.36
Dividends Per Share 0.09 0.20 0.05 0.06 0.15
Total Assets 1,262.61M 1,590.68M 1,612.29M 1,709.65M 1,844.50M
Total liabilities 704.79M 795.60M 823.21M 734.87M 743.29M
Total equity 547.51M 786.68M 792.04M 980.92M 1,094.45M
Operating cash flow 215.88M 170.91M 45.39M 178.58M 292.80M

Valuation Measures

Dec 2021
PER29.57
ROA7.13%
ROE12.21%
Operating margin18.76%
Profit margin12.95%

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. (6.5%)
  • LEE SHUN CHIN (4.2%)
  • CHUO YUN TSAI (4.1%)
  • Cathay Life Insurance Co., Ltd. (Invt Port) (2.5%)
  • Nan Shan Life Insurance Co., Ltd. (2.4%)
  • The Vanguard Group, Inc. (2.4%)
  • Fidelity Management & Research Co. LLC (2.2%)
  • Lazard Asset Management LLC (1.9%)
  • CHUO WEN HEN (1.9%)
  • Fidelity Management & Research (Hong Kong) Ltd. (1.5%)

Contact Details

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

Related Companies

  • HIWIN (Schweiz) GmbH
  • HIWIN Corp. (Japan)
  • HIWIN Technologies China Corp.
  • Eterbright Solar Corp.
  • Shenzhen Hiwin Electrical & Mechanical Co. Ltd.
  • Hiwin China Co. Ltd.
  • HIWIN Korea Corp.
  • HIWIN Singapore Pte Ltd.
  • Luren Precision Co., Ltd.
  • HIWIN Corp.
  • HIWIN GmbH

Competitors

  • ABB Ltd.
  • Fanuc Corporation
  • Yaskawa Electric Corporation
  • KUKA AG
  • Chieftek Precision Co., Ltd.
  • TBI MOTION TECHNOLOGY CO LTD
Last Updated on 4 Oct, 2022

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