HTC Corp.
In the news
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- 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 2020 | TWD | USD |
| Revenue | 5,805.70M | 197.17M |
| Gross Profit | 1,082.46M | 36.76M |
| Operating income | -6,391.39M | -217.06M |
| Income before tax | -6,018.33M | -204.39M |
| Net income | -5,949.94M | -202.07M |
| EBITDA | -5,859.86M | -199.01M |
| Diluted EPS | -7.26 | -0.24 |
| Dividends Per Share | 0 | 0 |
| Total Assets | 45,066.33M | 1,603.89M |
| Total liabilities | 15,112.76M | 537.85M |
| Total equity | 29,892.53M | 1,063.86M |
| Operating cash flow | -7,346.59M | -249.50M |
| Currency in TWD | Currency in USD |
Historical Data
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 78,161.15M | 62,124.20M | 23,740.61M | 10,014.96M | 5,805.70M |
| Gross Profit | 6,832.89M | -757.57M | -1,077.76M | 377.81M | 1,082.46M |
| Operating income | -14,608.06M | -17,421.12M | -13,963.61M | -9,850.25M | -6,391.39M |
| Income before tax | -10,521.66M | -16,871.58M | 17,264.56M | -9,368.70M | -6,018.33M |
| Net income | -10,560.10M | -16,905.71M | 12,068.20M | -9,358.07M | -5,949.94M |
| EBITDA | -11,260.14M | -15,033.94M | -12,280.96M | -8,147.23M | -5,859.86M |
| Diluted EPS | -12.81 | -20.58 | 14.49 | -11.42 | -7.26 |
| Dividends Per Share | 0 | 0 | 0.38 | 0 | 0 |
| Total Assets | 103,149.18M | 66,585.40M | 67,710.81M | 52,734.82M | 45,066.33M |
| Total liabilities | 51,377.67M | 32,860.27M | 22,490.95M | 17,737.54M | 15,112.76M |
| Total equity | 51,771.50M | 33,695.57M | 45,168.83M | 34,853.77M | 29,892.53M |
| Operating cash flow | -9,584.41M | -18,962.16M | -9,484.58M | -9,221.84M | -7,346.59M |
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 2,423.54M | 2,042.03M | 787.30M | 323.97M | 197.17M |
| Gross Profit | 211.86M | -24.90M | -35.74M | 12.22M | 36.76M |
| Operating income | -452.95M | -572.63M | -463.06M | -318.64M | -217.06M |
| Income before tax | -326.24M | -554.57M | 572.53M | -303.06M | -204.39M |
| Net income | -327.43M | -555.69M | 400.21M | -302.72M | -202.07M |
| EBITDA | -349.14M | -494.16M | -407.26M | -263.55M | -199.01M |
| Diluted EPS | -0.39 | -0.67 | 0.48 | -0.36 | -0.24 |
| Dividends Per Share | 0 | 0 | 0.01 | 0 | 0 |
| Total Assets | 3,200.50M | 2,237.52M | 2,202.90M | 1,759.17M | 1,603.89M |
| Total liabilities | 1,594.14M | 1,104.23M | 731.72M | 591.70M | 537.85M |
| Total equity | 1,606.36M | 1,132.30M | 1,469.52M | 1,162.68M | 1,063.86M |
| Operating cash flow | -297.18M | -623.28M | -314.53M | -298.31M | -249.50M |
Valuation Measures
| Dec 2020 | |
| PER | -- |
| ROA | -12.16% |
| ROE | -18.37% |
| Operating margin | -110.08% |
| Profit margin | -102.48% |
Key executives
- Chief Financial Officer: Tao Pang Shen
- Senior Director-Finance: Maggie Tseng
- Chief Technology Officer: Wan Hsien Liu
- Senior Vice President-Research & Development: Adrian Tung
- Chief Administrative Officer: Caleb Ou-Yang
Shareholders
- Way Chih Investment Co., Ltd. (5.3%)
- Way Lien Technology, Inc. (4.7%)
- WANG HSIUEH HONG (3.9%)
- Hung Mao Investment Co. Ltd. (2.8%)
- CHEN WEN CHI (2.7%)
- The Vanguard Group, Inc. (2.6%)
- BlackRock Fund Advisors (1.5%)
- Stichting Pensioenfonds ABP (1.2%)
- Kun Chang Investment Corp. (1.1%)
- Norges Bank Investment Management (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
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- HTC Communication Canada Ltd.
- HTC Communication Technology (Beijing) Co., Ltd.
- HTC VR Content (BVI) Corp.
- HTC Investment (BVI) Corp.
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- HTC Smart phone (BVI) Corp.
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Competitors
- Sony Group Corporation
- Microsoft Corporation
- Facebook, Inc. Class A
- Vuzix Corporation
- Inseego Corp.
- Inseego Corp.
- Red Cat Holdings Inc
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Last Updated on 22 Oct, 2021
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