HTC Corp.
In the news
- Google boosts Taiwan data center plans with $850m investment Oct 30, 2019
- Asian equities advance ahead of Federal Reserve rate decision Sep 18, 2019
- Huawei's rapid rise is driven by a global talent hunt Sep 11, 2019
- Asian stocks tumble after US jobs data damp hopes of deeper Fed rate cuts Jul 8, 2019
- Taiwan's once-glorious tech brands pushed out by cheaper Chinese rivals Feb 18, 2019 See more articles on 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
Financial Highlights
| Dec 2019 | TWD | USD |
| Revenue | 10,014.96M | 323.97M |
| Gross Profit | 377.81M | 12.22M |
| Operating income | -9,850.25M | -318.64M |
| Income before tax | -9,368.70M | -303.06M |
| Net income | -9,358.07M | -302.72M |
| EBITDA | -8,147.23M | -263.55M |
| Diluted EPS | -11.42 | -0.36 |
| Dividends Per Share | 0 | 0 |
| Total Assets | 52,734.82M | 1,759.17M |
| Total liabilities | 17,737.54M | 591.70M |
| Total equity | 34,853.77M | 1,162.68M |
| Operating cash flow | -9,221.84M | -298.31M |
| Currency in TWD | Currency in USD |
Historical Data
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 121,684.23M | 78,161.15M | 62,124.20M | 23,740.61M | 10,014.96M |
| Gross Profit | 18,817.62M | 6,832.89M | -757.57M | -1,077.76M | 377.81M |
| Operating income | -14,203.14M | -14,608.06M | -17,421.12M | -13,963.61M | -9,850.25M |
| Income before tax | -15,569.89M | -10,521.66M | -16,871.58M | 17,264.56M | -9,368.70M |
| Net income | -15,533.06M | -10,560.10M | -16,905.71M | 12,068.20M | -9,358.07M |
| EBITDA | -9,721.42M | -11,260.14M | -15,033.94M | -12,280.96M | -8,147.23M |
| Diluted EPS | -18.79 | -12.81 | -20.58 | 14.49 | -11.42 |
| Dividends Per Share | 0 | 0 | 0 | 0.38 | 0 |
| Total Assets | 129,393.08M | 103,149.18M | 66,585.40M | 67,710.81M | 52,734.82M |
| Total liabilities | 64,600.98M | 51,377.67M | 32,860.27M | 22,490.95M | 17,737.54M |
| Total equity | 64,792.09M | 51,771.50M | 33,695.57M | 45,168.83M | 34,853.77M |
| Operating cash flow | -13,014.31M | -9,584.41M | -18,962.16M | -9,484.58M | -9,221.84M |
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 3,832.08M | 2,423.54M | 2,042.03M | 787.30M | 323.97M |
| Gross Profit | 592.60M | 211.86M | -24.90M | -35.74M | 12.22M |
| Operating income | -447.28M | -452.95M | -572.63M | -463.06M | -318.64M |
| Income before tax | -490.32M | -326.24M | -554.57M | 572.53M | -303.06M |
| Net income | -489.16M | -327.43M | -555.69M | 400.21M | -302.72M |
| EBITDA | -306.14M | -349.14M | -494.16M | -407.26M | -263.55M |
| Diluted EPS | -0.59 | -0.39 | -0.67 | 0.48 | -0.36 |
| Dividends Per Share | 0 | 0 | 0 | 0.01 | 0 |
| Total Assets | 3,939.26M | 3,200.50M | 2,237.52M | 2,202.90M | 1,759.17M |
| Total liabilities | 1,966.72M | 1,594.14M | 1,104.23M | 731.72M | 591.70M |
| Total equity | 1,972.54M | 1,606.36M | 1,132.30M | 1,469.52M | 1,162.68M |
| Operating cash flow | -409.84M | -297.18M | -623.28M | -314.53M | -298.31M |
Valuation Measures
| Dec 2019 | |
| PER | -- |
| ROA | -15.53% |
| ROE | -23.38% |
| Operating margin | -98.35% |
| Profit margin | -93.44% |
Key executives
- Chief Operations & Marketing Officer: Harjit Gill
- Chief Financial Officer: Tao Pang Shen
- Senior Director-Finance: Maggie Tseng
- Chief Technology Officer: Wan Hsien Liu
- Senior Vice President-Research & Development: Adrian Tung
Shareholders
- Way Chih Investment Co., Ltd. (5.3%)
- Way Lien Technology, Inc. (4.7%)
- WANG HSIUEH HONG (3.9%)
- The Vanguard Group, Inc. (3.0%)
- Hung Mao Investment Co. Ltd. (2.8%)
- CHEN WEN CHI (2.7%)
- Stichting Pensioenfonds ABP (1.2%)
- Kun Chang Investment Corp. (1.1%)
- Norges Bank Investment Management (1.0%)
- Dimensional Fund Advisors LP (1.0%)
Contact Details
- Website:http://www.htc.com
- Address: No. 23, Xinghua Road, Taoyuan District, Taoyuan, 330, Taiwan
- Phone: +886.3.375.3252
Related Companies
- Htc Vive Tech Corp. /Coporate Venture Capital/
- HTC Corp. /TAIWAN FACILTIES/
- HTC (Shanghai) Co., Ltd.
- HTC Luxembourg S.a.r.l
- HTC America Content Services, Inc.
- Huada Digital Corp.
- HTC South Eastern Europe LLC
- HTC Brasil
- HTC Germany GmbH
- HTC Iberia Slu
- HTC Nordic ApS
- HTC Poland Sp ZOO
- HTC America Innovation, Inc.
- HTC America Holding, Inc.
- HTC (Hong Kong) Ltd.
- HTC I Investment Corp.
- HTC Netherlands BV
- Htc Italia SRL
- HTC France Corp.
- HTC Nippon Corp.
- HTC Malaysia Sdn. Bhd.
- PT High Tech Computer Indonesia
- HTC Investment Corp.
- High Tech Computer (Suzhou) Co. Ltd.
- HTC Philippines Corp.
- High Tech Computer Asia Pacific Pte. Ltd.
- HTC Electronics (Shanghai) Co. Ltd.
- HTC Europe Co. Ltd.
- HTC America, Inc.
- One & Co.
Competitors
- Sony Corporation
- Apple Inc.
- Alphabet Inc. Class A
- Microsoft Corporation
- Facebook, Inc. Class A
- Vuzix Corporation
- Inseego Corp.
- Inseego Corp.
Copyright © 2020 FactSet Research Systems Inc. All rights reserved.
Last Updated on 26 Oct, 2020
Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.