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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 research, design, manufacturing and sale of smart mobile devices. 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 2020 TWDUSD
Revenue5,805.70M197.17M
Gross Profit1,082.46M36.76M
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 Share00
Total Assets45,066.33M1,603.89M
Total liabilities15,112.76M537.85M
Total equity29,892.53M1,063.86M
Operating cash flow-7,346.59M-249.50M
Currency in TWDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 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 2016Dec 2017Dec 2018Dec 2019Dec 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

  • HTC Communication Solutions Mexico SA de CV
  • HTC Communication Canada Ltd.
  • HTC Communication Technology (Beijing) Co., Ltd.
  • HTC VR Content (BVI) Corp.
  • HTC Investment (BVI) Corp.
  • DeepQ Holding (BVI) Corp.
  • HTC Smart phone (BVI) Corp.
  • HTC VIVE Holding (BVI) Corp.
  • Htc Vive Tech Corp. /Coporate Venture Capital/
  • HTC Corp. /TAIWAN FACILTIES/
  • HTC (Shanghai) Co., Ltd.
  • Huada Digital Corp.
  • HTC Poland Sp ZOO
  • HTC I Investment Corp.
  • HTC Netherlands BV
  • HTC Investment Corp.
  • High Tech Computer (Suzhou) Co. Ltd.
  • High Tech Computer Asia Pacific Pte. Ltd.
  • HTC Electronics (Shanghai) Co. Ltd.
  • HTC Belgium BVBA
  • One & Co.
  • S3 Graphics Co. Ltd.
  • Dopod International Corp. /Asia Pacific Production Ops./
  • IA Style, Inc.
  • Inquisitive Minds, Inc.
  • H.T.C. (B.V.I.) Corp.

Competitors

  • Sony Group Corporation
  • Microsoft Corporation
  • Facebook, Inc. Class A
  • Vuzix Corporation
  • Inseego Corp.
  • Inseego Corp.
  • Red Cat Holdings Inc
Last Updated on 22 Oct, 2021

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