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Electronic Technology

HTC Corp.

Company Background

HTC, a leading Taiwanese smartphone maker, is well-known for its technological chops. When the global smartphone market first began to swell, HTC was using high-end models to take bigger slices of the global pie. In 2011, HTC was at its peak in terms of earnings. It controlled 8.8% of the global smartphone market in terms of shipments, becoming the world's fifth-largest smartphone maker, according to U.S. market researcher IDC.

HTC was founded in 1997 by Wang Cher, a daughter of Wang Yung-ching, the founder of Formosa Plastics. HTC started off as a contract manufacturer of personal digital assistants, which were a thing in the late 1990s. HTC jumped into the smartphone game in 2007. In the following year, the company launched the world's first smartphones using Google's Android operating system. It created a sales network by partnering with telecommunications companies around the globe.

Since 2012, however, Samsung Electronics of South Korea has rapidly expanded its market share, significantly cutting into HTC's smartphone sales. Moreover, the Taiwanese company was slow to enter China's smartphone market. Insufficient branding and marketing has also hurt HTC.

Sales of its latest model, the HTC One M9, released in March 2015, have been lackluster. As a result, the company announced in August plans to cut 15% of its global workforce of 15,000. The company for years focused on production at its own Taiwanese factories but has begun to contract out as part of its cost-cutting efforts.

In 2014, HTC released the Re. The small point-and-shoot camera, which shoots stills and video and streams the images to a smartphone, exemplifies how the company seeks to diversify into other businesses and be less reliant on smartphones.

Business Summary

HTC Corp. engages in the designing, manufacturing, assembling, processing, and selling smart mobile and virtual reality devices and after-sales service. It offers mobile phones based on Android and Windows Phone operating systems and also provides relevant technical and after-sales service support for its products. The company was founded by Hsiueh Hong Wang and Huo Tu Cho on May 15, 1997 and is headquartered in Taoyuan, Taiwan.

Financial Highlights

Dec 2022 TWDUSD
Gross Profit1,494.75M50.13M
Operating income-4,299.36M-144.21M
Income before tax-3,390.55M-113.72M
Net income-3,411.78M-114.43M
Diluted EPS-4.12-0.13
Dividends Per Share00
Total Assets46,440.23M1,510.96M
Total liabilities20,881.07M679.37M
Total equity25,559.16M831.58M
Operating cash flow-3,758.60M-126.07M
Currency in TWDCurrency in USD

Historical Data

 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 23,740.61M 10,014.96M 5,805.70M 5,253.27M 4,408.82M
Gross Profit -1,077.76M 377.81M 1,082.46M 1,289.14M 1,494.75M
Operating income -13,963.61M -9,850.25M -6,391.39M -4,096.43M -4,299.36M
Income before tax 17,264.56M -9,368.70M -6,018.33M -3,002.26M -3,390.55M
Net income 12,068.20M -9,358.07M -5,949.94M -3,073.13M -3,411.78M
EBITDA -12,280.96M -8,147.23M -5,859.86M -3,709.36M -4,025.71M
Diluted EPS 14.49 -11.42 -7.26 -3.74 -4.12
Dividends Per Share 0.38 0 0 0 0
Total Assets 67,710.81M 52,734.82M 45,066.33M 44,184.95M 46,440.23M
Total liabilities 22,490.95M 17,737.54M 15,112.76M 16,962.05M 20,881.07M
Total equity 45,168.83M 34,853.77M 29,892.53M 27,222.90M 25,559.16M
Operating cash flow -9,484.58M -9,221.84M -7,346.59M -4,541.58M -3,758.60M
 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 787.30M 323.97M 197.17M 188.07M 147.88M
Gross Profit -35.74M 12.22M 36.76M 46.15M 50.13M
Operating income -463.06M -318.64M -217.06M -146.65M -144.21M
Income before tax 572.53M -303.06M -204.39M -107.48M -113.72M
Net income 400.21M -302.72M -202.07M -110.02M -114.43M
EBITDA -407.26M -263.55M -199.01M -132.80M -135.03M
Diluted EPS 0.48 -0.36 -0.24 -0.13 -0.13
Dividends Per Share 0.01 0 0 0 0
Total Assets 2,202.90M 1,759.17M 1,603.89M 1,597.02M 1,510.96M
Total liabilities 731.72M 591.70M 537.85M 613.07M 679.37M
Total equity 1,469.52M 1,162.68M 1,063.86M 983.94M 831.58M
Operating cash flow -314.53M -298.31M -249.50M -162.59M -126.07M

Valuation Measures

Dec 2022
Operating margin-97.51%
Profit margin-77.38%


  • Chairman & General Manager: Hsiueh Hong Wang
  • Chief Financial & Accounting Officer: Tao Pang Shen
  • Senior Director: Maggie Tseng
  • Chief Technology Officer: Wan Hsien Liu
  • Senior Vice President: Adrian Tung


  • The Vanguard Group, Inc. (3.2%)
  • CHEN WEN CHI (2.6%)
  • BlackRock Fund Advisors (1.1%)
  • Norges Bank Investment Management (1.1%)
  • Dimensional Fund Advisors LP (0.6%)
  • Neuberger Berman Investment Advisers LLC (0.3%)
  • Bessemer Investment Management LLC (0.3%)
  • SSgA Funds Management, Inc. (0.2%)
  • BlackRock Advisors (UK) Ltd. (0.2%)

Contact Details

  • Website:
  • Address: No. 23, Xinghua Road, Taoyuan District, Taoyuan, 330, Taiwan
  • Phone: +886.3.375.3252

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Last Updated on 21 Sep, 2023

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