CHUNGHWA TELECOM CO., LTD - CHT STOCK NEWS

Chunghwa Telecom has been recognized by Frost & Sullivan with the 2024 Taiwanese Company of the Year and Customer Value Leadership Awards for its exceptional performance in the telecom and 5G industries. The company boasts Taiwan's largest mobile network, with 99% 4G and 97.6% 5G population coverage. Chunghwa Telecom's 5G standalone architecture enables network slicing for dedicated channels, making it suitable for large-scale applications requiring guaranteed bandwidth.

The company's 5G accelerator program has successfully empowered many enterprises across various industries, contributing to double-digit year-on-year revenue growth in its ICT business in 2023. With over 3 million 5G subscriptions and a total of 11.22 million mobile and 1.92 million IoT subscriptions, Chunghwa Telecom leads the Taiwanese telecom market. Its commitment to customer satisfaction and innovative 5G applications has driven brand loyalty and positioned it ahead of competitors in Taiwan.

Chunghwa Telecom (CHT) has announced a change in its senior leadership. Ms. Audrey Wen-Hsin Hsu will replace Mr. Vincent Yu-Shen Chen as Senior Executive Vice President and Chief Financial Officer, effective September 1, 2024. Mr. Chen, who is returning to National Chengchi University after his secondment, was praised for his contributions over the past four years, including enhancing internal controls, implementing sustainability initiatives, and facilitating subsidiary IPOs.

Ms. Hsu, a Ph.D. holder in Accounting and Finance from Lancaster University, brings extensive academic and industry experience to the role. Chairman Shui-Yi Kuo emphasized the importance of the CFO position in connecting CHT internationally and expects Ms. Hsu to advance strategic financial management, corporate governance, and help achieve the company's vision of becoming a leading digital co-creation ecosystem and a first-rate technology group.

Chunghwa Telecom reported its Q2 2024 results, showing total revenue growth of 1.2% to NT$ 54.12 billion. Key highlights include:

- Consumer Business Group revenue up 2.6% to NT$ 33.60 billion
- Enterprise Business Group revenue down 3.7% to NT$ 16.89 billion
- International Business Group revenue up 21.8% to NT$ 2.64 billion
- Operating income decreased 2.7% to NT$ 11.93 billion
- Net income attributable to stockholders down 1.0% to NT$ 9.82 billion
- EPS of NT$1.27

The company saw growth in mobile and broadband services, with mobile subscribers up 4.5% YoY to 13.42 million. Postpaid mobile ARPU grew 2.0% to NT$ 556. Broadband subscribers increased 0.6% to 4.41 million, with ARPU up 2.0% to NT$ 790.

Chunghwa Telecom reported its un-audited operating results for the first quarter of 2024, showcasing a 1.4% increase in total revenue to NT$ 54.94 billion. The Consumer Business Group saw a 1.7% revenue increase, the Enterprise Business Group's revenue decreased by 0.9% but increased by 1.9% without one-time items, and the International Business Group's revenue grew by 13.3%. Operating income and EBITDA decreased slightly, while net income attributable to stockholders declined by 2.6% to NT$ 9.39 billion. Basic EPS was NT$1.21. Despite some decreases, Chunghwa Telecom exceeded its proposed guidance for operating income, EBITDA, and net income.

Chunghwa Telecom filed its 2023 Annual Report on Form 20-F with the U.S. SEC, providing transparency to investors. The filing is accessible online, with hard copies available upon request. The company's financial performance and strategic direction are outlined in the report.

Chunghwa Telecom Co., Ltd. reported its un-audited operating results for the fourth quarter of 2023, showing a 4.0% increase in total revenue, with Consumer Business Group revenue increasing by 4.4%, Enterprise Business Group revenue increasing by 2.5%, and International Business Group revenue increasing by 33.4%. However, operating income and EBITDA decreased, and net income attributable to stockholders of the parent also decreased by 1.7%. Excluding one-time impairments, operating income and net income attributable to stockholders increased by 2.2% and 7.2% year over year respectively. For the full year 2023, total revenue increased by 3.0%, with Consumer Business Group revenue increasing by 3.8%, Enterprise Business Group revenue increasing by 1.2%, and International Business Group revenue increasing by 27.8%. Operating income decreased by 1.0%, and EBITDA decreased by 0.3%, but net income attributable to stockholders of the parent increased by 1.2%. Chunghwa Telecom's 2023 financial results exceeded expectations, achieving six-year record highs in revenue and EPS. The company remains optimistic about further expansion and growth.

Chunghwa Telecom Co., Ltd. (NYSE: CHT) reported its guidance for 2024, aiming to solidify its leading position in the mobile market revenue and market share. The company plans to enhance services and user experience, increase investment in original video content, drive digital transformation, and explore opportunities in 5G smart applications. They expect total revenue to increase by 2.4%~3.1% to NT$228.54~NT$230.19 billion, driven by increases in mobile communications, broadband access, and data communications revenue. However, operating costs and expenses are expected to increase by 4.0%~4.6% to NT$183.30~NT$184.27 billion, leading to a decrease in income from operations by -2.4%~0.3% to NT$45.23~NT$46.50 billion.

Chunghwa Telecom (CHT) receives multiple awards from Frost & Sullivan, including the 2023 Taiwanese 5G Customer Value Leadership Award and two Company of the Year Awards. The company is recognized for its market leadership in providing 5G services, telecommunications, and data center services, with a focus on integrating artificial intelligence to improve efficiency, reliability, and scalability. Chunghwa Telecom operates the largest Internet data center (IDC) in Taiwan and has achieved exceptional year-over-year subscriber growth and financial performance.

Chunghwa Telecom reported its un-audited operating results for Q3 2023. Total revenue increased by 0.3% to NT$ 53.66 billion. Consumer Business Group revenue increased by 2.8% to NT$ 33.74 billion. Enterprise Business Group revenue decreased by 4.4% to NT$ 16.62 billion. International Business Group revenue increased by 29.8% to NT$ 2.34 billion. Operating income decreased by 5.9% to NT$ 11.46 billion. EBITDA decreased by 3.3% to NT$ 21.38 billion. Net income attributable to stockholders of the parent decreased by 2.9% to NT$ 9.09 billion. Basic earnings per share was NT$1.18.