HIWIN Technologies Corp.
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- Commodities, tech led Asia's first equity bull run in five years Dec 29, 2017 See more articles on 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
Financial Highlights
| Dec 2020 | TWD | USD |
| Revenue | 21,266.65M | 722.26M |
| Gross Profit | 5,378.78M | 182.67M |
| Operating income | 1,742.62M | 59.18M |
| Income before tax | 2,269.77M | 77.08M |
| Net income | 1,929.73M | 65.53M |
| EBITDA | 4,070.96M | 138.25M |
| Diluted EPS | 5.85 | 0.19 |
| Dividends Per Share | 1.94 | 0.06 |
| Total Assets | 48,037.78M | 1,709.65M |
| Total liabilities | 20,648.38M | 734.87M |
| Total equity | 27,562.12M | 980.92M |
| Operating cash flow | 5,258.30M | 178.58M |
| Currency in TWD | Currency in USD |
Historical Data
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 16,118.29M | 21,164.76M | 29,333.12M | 20,209.79M | 21,266.65M |
| Gross Profit | 5,107.02M | 7,337.44M | 11,302.74M | 6,382.51M | 5,378.78M |
| Operating income | 1,450.90M | 3,237.08M | 6,423.91M | 2,402.31M | 1,742.62M |
| Income before tax | 1,170.53M | 2,788.73M | 6,066.34M | 2,193.99M | 2,269.77M |
| Net income | 1,326.81M | 2,738.01M | 5,392.25M | 1,865.31M | 1,929.73M |
| EBITDA | 2,938.92M | 4,819.03M | 8,241.32M | 4,652.56M | 4,070.96M |
| Diluted EPS | 4.14 | 8.54 | 16.60 | 5.61 | 5.85 |
| Dividends Per Share | 1.37 | 3.06 | 6.35 | 1.68 | 1.94 |
| Total Assets | 32,966.52M | 37,573.55M | 48,892.84M | 48,331.85M | 48,037.78M |
| Total liabilities | 18,166.60M | 20,973.70M | 24,454.44M | 24,677.37M | 20,648.38M |
| Total equity | 14,101.61M | 16,293.09M | 24,180.45M | 23,743.25M | 27,562.12M |
| Operating cash flow | 4,429.53M | 6,567.76M | 5,153.85M | 1,403.13M | 5,258.30M |
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 499.77M | 695.68M | 972.76M | 653.76M | 722.26M |
| Gross Profit | 158.35M | 241.18M | 374.82M | 206.46M | 182.67M |
| Operating income | 44.98M | 106.40M | 213.03M | 77.71M | 59.18M |
| Income before tax | 36.29M | 91.66M | 201.17M | 70.97M | 77.08M |
| Net income | 41.14M | 89.99M | 178.82M | 60.34M | 65.53M |
| EBITDA | 91.12M | 158.40M | 273.30M | 150.50M | 138.25M |
| Diluted EPS | 0.12 | 0.28 | 0.55 | 0.18 | 0.19 |
| Dividends Per Share | 0.04 | 0.10 | 0.21 | 0.05 | 0.06 |
| Total Assets | 1,022.88M | 1,262.61M | 1,590.68M | 1,612.29M | 1,709.65M |
| Total liabilities | 563.67M | 704.79M | 795.60M | 823.21M | 734.87M |
| Total equity | 437.54M | 547.51M | 786.68M | 792.04M | 980.92M |
| Operating cash flow | 137.34M | 215.88M | 170.91M | 45.39M | 178.58M |
Valuation Measures
| Dec 2020 | |
| PER | 63.60 |
| ROA | 4.00% |
| ROE | 7.52% |
| Operating margin | 8.19% |
| Profit margin | 9.07% |
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. (6.9%)
- CHUO YUN TSAI (4.3%)
- LEE SHUN CHIN (4.2%)
- Fidelity Management & Research Co. LLC (2.4%)
- The Vanguard Group, Inc. (2.4%)
- BlackRock Fund Advisors (2.3%)
- Nan Shan Life Insurance Co., Ltd. (2.0%)
- CHUO WEN HEN (1.9%)
- Deka Investment GmbH (1.6%)
- CHUO XIU MIN (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
- Nabtesco Corporation
- Harmonic Drive Systems Inc.
- KUKA AG
- Chieftek Precision Co., Ltd.
- TBI MOTION TECHNOLOGY CO LTD
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Last Updated on 24 Sep, 2021
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