Asia300

TPK Holding Co. Ltd.

Taiwan

  • 1m
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Sep 22, 2017
Prev close: 102
Sep 22, 2017
Market cap:
Market cap(USD):
41,476.64M
1,373.69M
Shares: 406.63M

Currency in TWD

Company profile

Market(Ticker): TAI(3673)
Sector:
Industry:
Electronic Technology
Electronic Components
Full time employees: --

Business summary

TPK Holding Co. Ltd. engages in the research and development, manufacture, and sale of touch module, touch display module, and conductive glass-related products. It focuses on small and medium-size touch screen applied to wearable device, eBook, smartphone, handheld game consoles, digital cameras. tablet. 2-in-1 computer, laptop. all-in-one personal computer, and car control screen. The company was founded on November 21, 2005 and is headquartered in Taipei, Taiwan.

Company background

TPK Holding is a major manufacturer of touch panels for smartphones, tablets and PCs. Its client list includes Apple of the U.S. and Chinese smartphone makers. The Taiwan-based company's main production facilities are in Xiamen, in China's Fujian Province.

Chairman Michael Chiang established TPK in 2005, having recognized the potential of touch panels. Previously, he founded Taiwan Video & Monitoring to tap the VCR and monitor market.

Until the early 2000s, resistive touch panels, which respond to pressure on the display surface, were the norm. Chiang's company improved technology for transparent projected capacitive touch screens, which respond to even a light touch. He established a mass production system and supplied panels to Apple for the first iPhone, released in 2007. That made capacitive touch panels an industry standard.

TPK boosted capital spending on expectations that Microsoft's Windows 8 operating system, released in 2012, would increase demand for touch panels. The market did not expand as anticipated, and the company remains saddled with overcapacity. A price war with Chinese panel producers has also intensified.

TPK in November 2014 appointed Michael Chung, a former executive of Hon Hai Precision Industry, better known as Foxconn Technology Group, as president and CEO in the hope that he would improve earnings.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 89,216.28M
Gross profit 2,576.71M
Operating income -1,687.25M
Income before tax -1,468.97M
Net income -1,467.40M
EBITDA 7,088.84M
Diluted EPS -4.27
Dividends per share --
Total assets 87,683.38M
Total liabilities 58,611.13M
Total equity 28,832.81M
Operating cash flow 11,875.00M

Currency in TWD

Revenue 2,766.32M
Gross profit 79.89M
Operating income -52.31M
Income before tax -45.54M
Net income -45.49M
EBITDA 219.80M
Diluted EPS -0.13
Dividends per share --
Total assets 2,720.63M
Total liabilities 1,818.58M
Total equity 894.62M
Operating cash flow 368.20M

Currency in USD

Valuation measures

Dec 2016

PER --
ROA -1.44%
ROE -4.93%
Operating margin -1.89%
Profit margin -1.64%

Key executive

  • Chief Executive Officer: Hai Hwai Chiang
  • CFO, Head-Accounting, Spokesman & IR Contact: Shih Liang Liu
  • Director & Deputy General Manager: Heng-Yao Chang
  • Deputy General Manager: Wen Yu Wu
  • Director & Deputy General Manager: Shin-Ming Liu

Share holders

  • CHIANG CHAO JUI(19.7%)
  • GIC Pte Ltd. (Investment Management)(3.1%)
  • Dimensional Fund Advisors LP(2.1%)
  • The Vanguard Group, Inc.(2.0%)
  • Allianz Global Investors Asia Pacific Ltd.(1.6%)
  • Norges Bank Investment Management(0.9%)
  • TPK Holding Co. Ltd.(0.8%)
  • BlackRock Fund Advisors(0.4%)
  • Allianz Global Investors U.S. LLC(0.3%)
  • Research Affiliates LLC(0.3%)

Address

  • Website: http://www.tpk.com
  • Address: No.13-18 Minquan East Road Section 6, Neihu District, Taipei, 11494, Taiwan
  • Phone: +886.2.7727.1199

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