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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.
On May 31, 2022, Chunghwa Telecom (CHT) signed a Memorandum of Understanding with Thonburi Hospital in Thailand to enhance healthcare services through a "Smart Hospital" initiative. This collaboration aims to support Thailand's goal of becoming a medical hub in Southeast Asia, focusing on smart ward solutions such as digital nursing stations and automated systems. CHT is expanding its ICT technology applications to improve operational efficiency, targeting the evolving healthcare landscape post-COVID-19.
Chunghwa Telecom (CHT) reported a 2.4% rise in Q1 2022 revenue, totaling NT$ 51.29 billion. The Consumer Business Group, at NT$ 32.72 billion, grew by 2.2%, while the Enterprise Group reached NT$ 15.81 billion, up 2.1%. Notable was a 13.8% surge in the International Business Group to NT$ 1.71 billion. Operating income increased 4.6% to NT$ 11.61 billion, with a net income rise of 2.5% to NT$ 9.02 billion. Cash flow from operations rose 19.8% to NT$ 11.84 billion. Mobile revenue saw a 4.9% increase, buoyed by 5G growth and a subscriber count of 11.98 million.
Chunghwa Telecom filed its 2021 Annual Report on Form 20-F with the U.S. SEC on April 15, 2022. The report is accessible online, providing investors with audited financial statements and insights into the company's operations, including its telecommunications services and innovations in areas like IoT and AI. Chunghwa is recognized for its commitment to ESG practices, garnering both domestic and international awards. For more details, stakeholders can request hard copies or contact the Investor Relations department directly.
Chunghwa Telecom (CHT) reported Q4 2021 revenue of NT$59.89 billion, a 0.7% increase, and full-year revenue of NT$210.48 billion, up 1.4%. Mobile communications saw a 9.0% rise to NT$27.20 billion, while international fixed communications revenue surged 23.7% to NT$2.64 billion. Operating expenses decreased by 3.7% to NT$48.42 billion, with net income up 5.1% to NT$8.63 billion. The company expects 2022 revenue growth of 1.1% to 1.7% and increased operating costs. CHT continues to strengthen its market position with a growing 5G subscriber base, which is expected to reach 30% penetration in 2022.
Chunghwa Telecom (CHT) announced plans to raise up to NT$10 billion through unsecured corporate bonds in Taiwan. The funds will support business developments focused on sustainability, including investments for environmental protection and social initiatives aligned with the United Nations Sustainable Development Goals. The Company has received multiple awards for its ESG efforts, such as a decade of inclusion in the Dow Jones Sustainability Index. Despite a strong credit rating of 'AA' from S&P Global Ratings, the Company seeks to further its sustainable goals through this bond issuance.
Chunghwa Telecom (CHT) announced its 2022 revenue guidance, expecting growth of NT$2.32~NT$3.52 billion (1.1%~1.7%) compared to 2021, driven by mobile and broadband services. Operating costs are predicted to rise by NT$3.24~NT$3.63 billion (2.0%~2.2%) due to increased ICT project expenses. Income from operations may decrease by NT$0.38 billion, while net income attributable to stockholders is anticipated to range from NT$34.11~NT$36.04 billion. The company aims for dual revenue and profit growth while enhancing its 5G network and investing in new technologies.
Keysight Technologies (NYSE: KEYS) has partnered with Chunghwa Telecom (NYSE: CHT), Taiwan's largest telecom provider, to implement Keysight Open Radio Architect (KORA) solutions for multi-vendor network deployments. This collaboration aims to enhance the verification of radio access network equipment compliant with O-RAN standards. Chunghwa Telecom is the first in Taiwan to successfully verify an open access network architecture. Keysight's solutions enable rapid testing and validation, crucial for supporting various sectors including transportation and healthcare.
Chunghwa Telecom (NYSE: CHT) has partnered with Viettel-CHT Co., the largest data center and cloud service provider in Vietnam. This partnership aims to enhance public cloud services and digital solutions, including IoT, AI, and Big Data, to accelerate Vietnam's digital transformation. With over 500 cloud experts, Chunghwa Telecom will leverage its technology to strengthen Viettel-CHT's service ecosystem. Viettel-CHT aims to become a leading Multi-Cloud Service Provider in Vietnam, addressing the growing public cloud market.
Chunghwa Telecom (NYSE: CHT) reported third-quarter 2021 results, showing a 2.5% decline in total revenue to NT$ 50.89 billion. Mobile communications revenue grew by 5.6% to NT$ 22.84 billion, while internet revenue increased by 11.0% to NT$ 8.28 billion. Domestic fixed communications revenue fell 16.9% to NT$ 15.66 billion. The company achieved a 12.8% rise in net income to NT$ 9.40 billion, with basic EPS at NT$1.21. Operating costs decreased by 5.5% to NT$ 39.44 billion, resulting in a 6.7% rise in operating income.
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