Chunghwa Telecom Reports Un-Audited Consolidated Operating Results for the Third Quarter of 2024
Chunghwa Telecom reported Q3 2024 results with total revenue increasing 3.6% to NT$ 55.61 billion. Consumer Business Group revenue grew 2.1% to NT$ 34.43 billion, Enterprise Business Group revenue rose 5.9% to NT$ 17.60 billion, and International Business Group revenue increased 1.4% to NT$ 2.37 billion. Operating income decreased 0.8% to NT$ 11.38 billion, while net income fell 1% to NT$ 9.01 billion. The company maintained leadership in Taiwan's mobile market with 40.3% revenue share and achieved 33.5% 5G penetration rate. Notable growth came from ICT business revenue (+22%) and successful expansion of 1Gbps subscriber base.
Chunghwa Telecom ha riportato i risultati del terzo trimestre 2024, con un aumento del fatturato totale del 3,6% a NT$ 55,61 miliardi. I ricavi del Consumer Business Group sono cresciuti del 2,1% a NT$ 34,43 miliardi, i ricavi del Enterprise Business Group sono aumentati del 5,9% a NT$ 17,60 miliardi, e i ricavi del International Business Group sono cresciuti dell'1,4% a NT$ 2,37 miliardi. L'utile operativo è diminuito dello 0,8% a NT$ 11,38 miliardi, mentre l'utile netto è sceso dell'1% a NT$ 9,01 miliardi. L'azienda ha mantenuto la leadership nel mercato mobile di Taiwan con una quota di fatturato del 40,3% e ha raggiunto un tasso di penetrazione del 33,5% per il 5G. Una crescita significativa è derivata dai ricavi del business ICT (+22%) e dalla riuscita espansione della base di abbonati a 1Gbps.
Chunghwa Telecom anunció los resultados del tercer trimestre de 2024, con un aumento del ingreso total del 3,6% hasta NT$ 55,61 mil millones. Los ingresos del Grupo de Negocios para Consumidores crecieron un 2,1% hasta NT$ 34,43 mil millones, los ingresos del Grupo de Negocios para Empresas aumentaron un 5,9% hasta NT$ 17,60 mil millones, y los ingresos del Grupo de Negocios Internacionales crecieron un 1,4% hasta NT$ 2,37 mil millones. El ingreso operativo disminuyó un 0,8% hasta NT$ 11,38 mil millones, mientras que el ingreso neto cayó un 1% hasta NT$ 9,01 mil millones. La compañía mantuvo el liderazgo en el mercado móvil de Taiwán con una cuota de ingreso del 40,3% y alcanzó una tasa de penetración del 33,5% en 5G. Un crecimiento notable provino de los ingresos del negocio TIC (+22%) y de la exitosa expansión de su base de suscriptores a 1Gbps.
중화전신은 2024년 3분기 실적을 발표하며 총 매출이 3.6% 증가한 NT$ 556.1억 달러에 이르렀다고 보고했습니다. 소비자 사업 그룹의 매출은 2.1% 증가한 NT$ 344.3억 달러로, 기업 사업 그룹의 매출은 5.9% 증가한 NT$ 176억 달러로, 국제 사업 그룹의 매출은 1.4% 증가한 NT$ 23.7억 달러에 도달했습니다. 운영 소득은 0.8% 감소하여 NT$ 113.8억 달러에, 순이익은 1% 감소하여 NT$ 90.1억 달러에 달했습니다. 이 회사는 대만 모바일 시장에서 40.3%의 매출 점유율을 유지하며, 5G 보급률이 33.5%에 도달했습니다. 주목할 만한 성장은 ICT 비즈니스 수익(+22%)과 1Gbps 가입자 기반의 성공적인 확장에서 비롯되었습니다.
Chunghwa Telecom a annoncé les résultats du troisième trimestre 2024, avec un chiffre d'affaires total en augmentation de 3,6 % pour atteindre 55,61 milliards de NT$. Les revenus du Groupe des Consommateurs ont enregistré une croissance de 2,1 % à 34,43 milliards de NT$, ceux du Groupe des Entreprises ont augmenté de 5,9 % à 17,60 milliards de NT$, et ceux du Groupe International ont progressé de 1,4 % à 2,37 milliards de NT$. Le résultat d'exploitation a diminué de 0,8 % à 11,38 milliards de NT$, tandis que le bénéfice net a chuté de 1 % à 9,01 milliards de NT$. L'entreprise a maintenu sa position de leader sur le marché mobile taïwanais avec une part de revenus de 40,3 % et a atteint un taux de pénétration de 33,5 % pour la 5G. Une forte croissance a été observée dans les revenus liés aux TIC (+22 %) et dans l'expansion réussie de la base d'abonnés à 1 Gbps.
Chunghwa Telecom hat die Ergebnisse für das 3. Quartal 2024 bekannt gegeben, wobei der Gesamtumsatz um 3,6% auf NT$ 55,61 Milliarden gestiegen ist. Der Umsatz der Verbrauchergeschäftsgruppe wuchs um 2,1% auf NT$ 34,43 Milliarden, der Umsatz der Unternehmensgeschäftsgruppe stieg um 5,9% auf NT$ 17,60 Milliarden, und der Umsatz der Internationalen Geschäftseinheit erhöhte sich um 1,4% auf NT$ 2,37 Milliarden. Das Betriebsergebnis sank um 0,8% auf NT$ 11,38 Milliarden, während der Nettogewinn um 1% auf NT$ 9,01 Milliarden fiel. Das Unternehmen behauptete die Marktführerschaft im mobilen Sektor von Taiwan mit einem Umsatzanteil von 40,3% und erzielte eine 5G-Durchdringungsrate von 33,5%. Ein bemerkenswertes Wachstum kam von den ICT-Geschäftseinnahmen (+22%) sowie einer erfolgreichen Erweiterung der 1Gbps-Abonnentenzahl.
- Total revenue increased 3.6% to NT$ 55.61 billion, setting a 7-year record
- Leading market position with 40.3% mobile revenue share and 37.8% subscriber share
- ICT business revenue grew 22% year-over-year
- Video platform subscriptions exceeded 3 million users
- International Business Group's income before tax increased 11%
- Operating income decreased 0.8% to NT$ 11.38 billion
- Net income declined 1% to NT$ 9.01 billion
- Operating margin decreased from 21.4% to 20.5%
- EBITDA decreased 0.5% to NT$ 21.26 billion
- Operating costs increased 4.8% to NT$ 44.23 billion
Insights
The Q3 2024 results show mixed performance for Chunghwa Telecom. While total revenue grew by
The company's 5G penetration rate of
The expansion into European markets through the Frankfurt subsidiary and leadership in IOWN APN technology position the company well for future growth, though near-term profitability may remain under pressure from ongoing investments and cost increases.
Chunghwa's technological initiatives demonstrate strategic foresight in next-generation communications. The world-first IOWN APN implementation with NTT Group and exclusive OneWeb low-earth-orbit satellite coverage (>90% of Taiwan) position them at the forefront of advanced network solutions.
The
Their expanding digital service portfolio, including OTT platforms reaching 3 million subscribers, shows successful diversification beyond traditional telecom services. This multi-faceted approach to technology deployment and service offerings strengthens their competitive position in the evolving telecom landscape.
(Comparisons throughout the press release, unless otherwise stated, are made with regard to the prior year period.)
Third Quarter 2024 Financial Highlights
- Total revenue increased by
3.6% to NT$ 55.61 billion . - Consumer Business Group revenue increased by
2.1% to NT$ 34.43 billion . - Enterprise Business Group revenue increased by
5.9% to NT$ 17.60 billion . - International Business Group revenue increased by
1.4% to NT$ 2.37 billion . - Total operating costs and expenses increased by
4.8% to NT$ 44.23 billion . - Operating income decreased by
0.8% to NT$ 11.38 billion . - EBITDA decreased by
0.5% to NT$ 21.26 billion . - Net income attributable to stockholders of the parent decreased by
1% to NT$ 9.01 billion . - Basic earnings per share (EPS) was NT
$1.16 . - Operating income, net income attributable to stockholders of the parent, and EPS all exceeded our proposed guidance.
"The Company delivered solid results in this quarter highlighted by exceptional operational performance across all business segments," stated Mr. Chih-Cheng Chien, Chairman and CEO of Chunghwa Telecom. "We have set a new record for total revenue for the same quarter over the past seven years, reinforcing our leadership in
"Looking into the details of our three business groups, the Consumer Business Group maintained its healthy growth trajectory, driven by 5G migration and increasing postpaid subscribers, steady fixed broadband revenue, and higher OTT revenue from our exclusive broadcast of the Paris Olympic Games. We achieved double-digit year-over-year growth in video-related revenue, driven by the increasing subscriptions to our video platforms, which have exceeded 3 million," said Mr. Rong-Shy Lin, President of Chunghwa Telecom. "Our Enterprise Business Group performed as anticipated, driven by a robust
"In terms of development of advanced networks and technologies, Chunghwa Telecom continues to lead the industry by initiating the world's first IOWN APN between
"Our solid performance across various sectors underscores our commitment to providing high-quality, advanced, and convenient telecom services. We remain confident that our new management team will continue to drive our progress and create value for our stakeholders," Mr. Chien added.
Revenue
Chunghwa Telecom's total revenues for the third quarter of 2024 increased by
Consumer Business Group's revenue for the third quarter of 2024 increased by
Enterprise Business Group's revenue for the third quarter of 2024 increased
International Business Group's revenue for the third quarter of 2024 increased by
Operating Costs and Expenses
Total operating costs and expenses for the third quarter of 2024 increased by
Operating Income and Net Income
Operating income for the third quarter of 2024 decreased by
Cash Flow and EBITDA
Cash flow from operating activities, as of September 30th, 2024, decreased by
Cash and cash equivalents, as of September 30th, 2024, decreased by
EBITDA for the third quarter of 2024 was
Business Highlights
Mobile
As of September 30th, 2024, Chunghwa Telecom had 13.01 million mobile subscribers, representing a
Fixed Broadband/HiNet
As of September 30th, 2024, the number of broadband subscribers slightly increased by
Fixed line
As of September 30th, 2024, the number of fixed-line subscribers was 8.95 million.
Financial Statements
Financial statements and additional operational data can be found on the Company's website at http://www.cht.com.tw/en/home/cht/investors/financials/quarterly-earnings
NOTE CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the
This press release is not an offer of securities for sale in
NON-GAAP FINANCIAL MEASURES
To supplement the Company's consolidated financial statements presented in accordance with International Financial Reporting Standards pursuant to the requirements of the Financial Supervisory Commission, or T-IFRSs, Chunghwa Telecom also provides EBITDA, which is a "non-GAAP financial measure". EBITDA is defined as consolidated net income (loss) excluding (i) depreciation and amortization, (ii) total net comprehensive financing cost (which is comprised of net interest expense, exchange gain or loss, monetary position gain or loss and other financing costs and derivative transactions), (iii) other income, net, (iv) income tax, (v) (income) loss from discontinued operations.
In managing the Company's business, Chunghwa Telecom relies on EBITDA as a means of assessing its operating performance because it excludes the effect of (i) depreciation and amortization, which represents a non-cash charge to earnings, (ii) certain financing costs, which are significantly affected by external factors, including interest rates, foreign currency exchange rates and inflation rates, which have little or no bearing on our operating performance, (iii) income tax (iv) other expenses or income not related to the operation of the business.
CAUTIONS ON USE OF NON-GAAP FINANCIAL MEASURES
In addition to the consolidated financial results prepared under T-IFRSs, Chunghwa Telecom also provide non-GAAP financial measures, including "EBITDA". The Company believes that the non-GAAP financial measures provide investors with another method for assessing its operating results in a manner that is focused on the performance of its ongoing operations.
Chunghwa Telecom's management believes investors will benefit from greater transparency in referring to these non-GAAP financial measures when assessing the Company's operating results, as well as when forecasting and analyzing future periods. However, the Company recognizes that:
- these non-GAAP financial measures are limited in their usefulness and should be considered only as a supplement to the Company's T-IFRSs financial measures;
- these non-GAAP financial measures should not be considered in isolation from, or as a substitute for, the Company's T-IFRSs financial measures;
- these non-GAAP financial measures should not be considered to be superior to the Company's T-IFRSs financial measures; and
- these non-GAAP financial measures were not prepared in accordance with T-IFRSs and investors should not assume that the non-GAAP financial measures presented in this earnings release were prepared under a comprehensive set of rules or principle.
Further, these non-GAAP financial measures may be unique to Chunghwa Telecom, as they may be different from non-GAAP financial measures used by other companies. As such, this presentation of non-GAAP financial measures may not enhance the comparability of the Company's results to the results of other companies. Readers are cautioned not to view non-GAAP results as a substitute for results under T-IFRSs, or as being comparable to results reported or forecasted by other companies.
About Chunghwa Telecom
Chunghwa Telecom (TAIEX 2412, NYSE: CHT) ("Chunghwa" or "the Company") is
Contact: Angela Tsai
Phone: +886 2 2344 5488
Email: chtir@cht.com.tw
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SOURCE Chunghwa Telecom
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