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Chunghwa Telecom Co., Ltd. (TAIEX: 2412, NYSE: CHT) is the largest telecommunications provider in Taiwan. It delivers a comprehensive range of services, including fixed-line, mobile, broadband, and internet solutions. The company operates through several segments: Consumer Business, Enterprise Business, International Business, and others, with the majority of its revenue coming from the Consumer Business segment. Chunghwa Telecom is renowned for its robust infrastructure and extensive network, which includes the deployment of 5G technology, making it a leader in the digital transformation era.
In recent financial updates, Chunghwa Telecom reported a record-high revenue of NT$ 53.66 billion for the third quarter of 2023. Consumer Business Group revenues increased by 2.8%, driven primarily by mobile services and broadband upselling. Additionally, the company’s International Business Group saw a substantial 29.8% increase in revenue, supported by the rising demand for cloud services and international leased circuits.
Key Achievements and Projects:
- Reported a robust H1 EPS of NTD$2.52, the highest in six years.
- Experienced 22-month sequential growth in mobile revenue with a 6.4% YoY increase in Q2 2023.
- Significant expansion in 5G private network revenue, increasing by four times and big data analysis revenue by 67% YoY.
- Continued investment in AI and digital ecosystems to enhance service quality and customer experience.
- Received numerous awards, including the 2023 Taiwanese 5G Customer Value Leadership Award and two Company of the Year Awards from Frost & Sullivan.
Chunghwa Telecom maintains a strong financial position with a consistent increase in revenue and net income. The company’s cash flow from operating activities as of June 30th, 2023, was NT$ 28.47 billion, reflecting a 3.9% increase YoY. EBITDA for the second quarter of 2023 was NT$ 22.19 billion, marking a 1.0% YoY growth.
Looking forward to 2024, Chunghwa Telecom remains focused on solidifying its leadership in the mobile market, enhancing fixed broadband services, and expanding its international footprint. The company plans to increase investments in emerging technologies such as AI, IoT, and cloud computing to drive innovation and maintain a competitive edge. With a commitment to sustainability, Chunghwa Telecom is poised for continued growth and long-term value creation for its stakeholders.
Chunghwa Telecom (NYSE: CHT) has filed its 2022 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission. This report is essential for shareholders and potential investors, as it provides comprehensive financial information and insights about the company's operations.
Chunghwa Telecom is Taiwan's largest telecommunications service provider, offering a wide range of services including fixed-line, mobile, broadband, and information technology services. The company is also focusing on innovative services such as IoT and AI, while actively engaging in ESG practices.
Hard copies of the audited financial statements can be requested via phone or email. The complete report is accessible on the company's website.
On February 2, 2023, Chunghwa Telecom reported its un-audited operating results for Q4 and the full year of 2022. In Q4, total revenue fell by 0.7% to NT$59.50 billion, with the Consumer Business Group declining by 2.1% while the Enterprise sector grew by 2.9%. Full-year revenue increased 3.0% to NT$216.74 billion. Operating income for Q4 decreased 1.2% to NT$10.97 billion, while net income was down 2.2% to NT$8.45 billion. The 2023 guidance anticipates revenue growth of 2.1%-2.8% to NT$221.27-NT$222.79 billion, but operating income may decline by 1.8%-4.6%.
Chunghwa Telecom (NYSE: CHT) has announced its 2023 financial guidance, projecting a revenue increase of NT$ 4.53-6.05 billion, or 2.1%-2.8%, reaching NT$ 221.27-222.79 billion. This growth is attributed to rising mobile and broadband access revenues. However, operating costs are expected to rise by NT$ 6.60-7.30 billion, leading to a decrease in operating income by NT$ 0.85-2.17 billion. The company plans significant investment in 5G infrastructure and emerging markets, with a 2023 capital expenditure forecast of NT$ 35.31 billion. Chunghwa aims to enhance customer experience and maintain its market leadership amid industry consolidation in Taiwan.
Chunghwa Telecom (CHT) engaged in discussions with its Workers' Union on November 21 regarding salary increases amidst economic uncertainty. The company previously raised salaries by 4% in January 2022 and has implemented various employee benefits. Chunghwa's competitive compensation was highlighted, with salaries above industry peers in 2021. Despite challenging global economic conditions, Chunghwa remains committed to employee welfare, offering enhanced benefits and maintaining communication with the union to address employee concerns.
Chunghwa Telecom reported a 5.2% revenue increase for Q3 2022, reaching NT$ 53.51 billion. Consumer, enterprise, and international segments saw year-over-year growths of 3.8%, 5.1%, and 22.6% respectively. Operating income rose by 6.7% to NT$ 12.21 billion, while net income decreased slightly by 0.4% to NT$ 9.33 billion. Basic EPS was NT$ 1.20. The Company exceeded its guidance measures, driven by a robust mobile market and successful 5G migration, despite a 1.6% drop in cash flow from operating activities. Chunghwa remains confident in its leadership position in Taiwan's telecom market.
Chunghwa Telecom (CHT) announced its second quarter 2022 results, showing a total revenue increase of 5.7% to NT$ 52.44 billion. The Consumer Business Group saw a 3.3% revenue increase, while the Enterprise Business Group grew 9.4%. Net income rose 8.1% to NT$ 9.68 billion, with basic EPS at NT$ 1.25. Mobile services revenue increased by 6.1%, and fixed broadband revenue rose 3.6%. The company is expanding internationally and investing in 5G and ICT services.
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