Asia300

HTC Corp.

Taiwan

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Sep 20, 2017
Prev close: 69.3
Sep 20, 2017
Market cap:
Market cap(USD):
56,931.86M
1,891.92M
Shares: 821.52M

Currency in TWD

Company profile

Market(Ticker): TAI(2498)
Sector:
Industry:
Electronic Technology
Telecommunications Equipment
Full time employees: --

Business summary

HTC Corp. engages in the design and manufacture of mobile devices. It operates through the Smartphone and Others divisions. The Smartphone division offers mobile phones based on Android and Windows Phone operating systems. The Others division provides relevant technical and after-sales service support for its products. The company was founded on May 15, 1997 by Hsiueh Hong Wang and Huo Tu Cho and is headquartered in Taoyuan, Taiwan.

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.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 78,201.45M
Gross profit 6,873.19M
Operating income -14,567.76M
Income before tax -10,521.66M
Net income -10,560.10M
EBITDA -11,219.84M
Diluted EPS -12.81
Dividends per share --
Total assets 103,149.18M
Total liabilities 51,377.67M
Total equity 51,771.50M
Operating cash flow -9,584.42M

Currency in TWD

Revenue 2,424.79M
Gross profit 213.11M
Operating income -451.70M
Income before tax -326.24M
Net income -327.43M
EBITDA -347.89M
Diluted EPS -0.39
Dividends per share --
Total assets 3,200.50M
Total liabilities 1,594.14M
Total equity 1,606.36M
Operating cash flow -297.18M

Currency in USD

Valuation measures

Dec 2016

PER --
ROA -9.08%
ROE -18.11%
Operating margin -18.62%
Profit margin -13.50%

Key executive

  • Chairman, President & Chief Executive Officer: Hsiueh Hong Wang
  • Chief Operating Officer: David Chen
  • Chief Financial Officer: Tao Pang Shen
  • Senior Director-Finance: Maggie Tseng
  • Chief Technology Officer: Wan Hsien Liu

Share holders

  • Way Chih Investment Co., Ltd.(5.3%)
  • Way Lien Technology, Inc.(4.6%)
  • WANG HSIUEH HONG(3.9%)
  • The Vanguard Group, Inc.(3.0%)
  • Hung Mao Investment Co. Ltd.(2.9%)
  • CHEN WEN CHI(2.7%)
  • Baillie Gifford & Co.(2.5%)
  • BlackRock Fund Advisors(1.8%)
  • Dimensional Fund Advisors LP(1.6%)
  • APG Asset Management NV(1.1%)

Address

  • Website: http://www.htc.com
  • Address: No. 23, Xinghua Road, Taoyuan District, Taoyuan City, 330, Taiwan
  • Phone: +886.3.375.3252

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