HIWIN Technologies Corp.


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Feb 23, 2018
Prev close: 370.5
Feb 23, 2018
Market cap:
Market cap(USD):
Shares: 280.15M

Currency in TWD

Company profile

Market(Ticker): TAI(2049)
Electronic Technology
Electronic Components
Full time employees: --

Business summary

HIWIN Technologies Corp. is engaged in the manufacture and sale of linear motion control products. Its products include ballscrew, linear guideway, linear bearing, single axis robot, linear motion system, linear actuator and positioning measurement system. The company was founded on October 11, 1989 and is headquartered in Taichung, Taiwan.

Company background

Hiwin Technologies is a major Taiwanese manufacturer of machine tool parts. It is strong in such products as ball screws, used to make machine tools move smoothly, and linear guideways, used for accurate positioning. Hiwin is considered one of the world's top three producers of ball screws. It has locations in 12 countries and regions, including Taiwan. Founder and Chairman Eric Chuo used to work at a Taiwanese bank and handled loans for corporate customers before starting his own consulting business. He established Hiwin in 1989 based on a failing machine parts maker he acquired. In the 1990s, Hiwin began an overseas expansion push that included takeovers of German and Israeli parts makers. In 2013, it began supplying products to Japan's Toyota Motor group, taking advantage of its price competitiveness.

That same year, Hiwin began manufacturing industrial robots, focusing on demand for automated production lines at factories.

Hiwin established a local subsidiary in the Chinese city of Suzhou, Jiangsu Province, in 2014 to gain access to the mainland market. The company plans to start building a factory there at the end of 2015.

Hiwin also plans to build a factory in the Taiwanese city of Taichung, where it is headquartered.

In 2014, the company announced it will set up a research and development center for the precision machine industry with Taiwan's National Tsing Hua University.

It will at least spend 200 million New Taiwan dollars ($6.1 million) over the next decade to nurture human resources.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 16,118.29M
Gross profit 5,107.02M
Operating income 1,450.90M
Income before tax 1,170.53M
Net income 1,326.81M
EBITDA 2,938.92M
Diluted EPS 4.72
Dividends per share 1.56
Total assets 32,966.52M
Total liabilities 18,166.60M
Total equity 14,101.61M
Operating cash flow 4,429.53M

Currency in TWD

Revenue 499.77M
Gross profit 158.35M
Operating income 44.98M
Income before tax 36.29M
Net income 41.14M
Diluted EPS 0.14
Dividends per share 0.04
Total assets 1,022.88M
Total liabilities 563.67M
Total equity 437.54M
Operating cash flow 137.34M

Currency in USD

Valuation measures

Dec 2016

PER 30.64
ROA 4.03%
ROE 9.56%
Operating margin 9.00%
Profit margin 8.23%

Key executive

  • Chairman & Chief Executive Officer: Yung Tsai Cho
  • Deputy GM, Head-Finance & Accounting: Yi Feng Lin
  • General Manager & Director: Hui Ching Tsai
  • Director & Deputy General Manager: Wen Heng Cho
  • Deputy General Manager: Hsien Te Sung

Share holders

  • Ta Yin Investment Co. Ltd.(7.2%)
  • CHO YUNG TSAI(4.6%)
  • LI HSUN CHIN(4.4%)
  • The Vanguard Group, Inc.(2.8%)
  • APG Asset Management NV(2.5%)
  • CHO WEN HENG(2.0%)
  • BlackRock Fund Advisors(2.0%)
  • TSAI HUI CHING(1.5%)
  • CHEN CHIN TSAI(1.4%)
  • BlackRock Advisors (UK) Ltd.(1.3%)


  • Website:
  • Address: No. 7, Jingke Road, Taichung Precision Machinery Park, Taichung, 40852, Taiwan
  • Phone: +886.4.2359.4510

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