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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 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.
PChome Online Inc. announced a strategic partnership with China Development Financial (CDF) and Chunghwa Telecom (CHT) on September 17, 2021. The partners will invest NT$1 billion in a private placement, acquiring 7.35% of PChome's shares at NT$106.65 each. PChome aims to enhance its fintech ecosystem by acquiring a ~50% stake in 21st Century Digital Technology Co., Ltd by investing NT$2.16 billion and exchanging shares from its fintech subsidiary. This collaboration is expected to accelerate PChome's fintech roadmap and profitability through shared expertise and resources.
Chunghwa Telecom reported its Q2 2021 financial results, showing total revenue growth of 3.8% to NT$ 49.60 billion. Mobile communications revenue rose 3.2% to NT$ 21.77 billion, while internet revenue increased 4.8% to NT$ 7.79 billion. However, domestic and international fixed communications revenues declined by 0.5% and 0.4% respectively. Net income attributable to stockholders rose 4.1% to NT$ 8.93 billion, with basic EPS of NT$ 1.15. The company anticipates further growth driven by 5G adoption and increased broadband subscriber numbers.
Chunghwa Telecom (CHT) reported a 4.1% increase in total revenue for Q1 2021, reaching NT$50.10 billion. Mobile communications revenue rose by 4.0% to NT$23.44 billion, while internet revenue increased by 1.6% to NT$7.63 billion.
Net income attributable to shareholders grew by 6.4% to NT$8.82 billion, with earnings per share at NT$1.14. However, international fixed communications revenue decreased by 2.9%. Operating costs rose by 3.7% to NT$39.00 billion. Cash flow from operations fell by 25.8% to NT$9.88 billion due to changes in accounts payable and receivable.
Chunghwa Telecom has filed its 2020 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission. This document is now accessible online. Investors can request free hard copies of the audited financial statements by contacting Chunghwa directly. The company, Taiwan's largest integrated telecommunications service provider, offers a diverse range of services, including fixed-line, mobile, and broadband solutions. Chunghwa is also expanding into innovative technologies like IoT and AI, while actively engaging in ESG initiatives.
Chunghwa Telecom (CHT) announced its 2020 financial results, reporting a 7.7% increase in Q4 revenue to NT$59.48 billion. Domestic fixed and internet revenues rose by 10.2% and 18.3%, respectively. However, mobile communications revenue saw a modest growth of 2.0%, with a significant 18.5% decline in international fixed communications revenue. For the full year, total revenue remained flat at NT$207.61 billion, while net income attributable to stockholders increased by 1.9% to NT$33.42 billion. The company forecasts slight revenue growth for 2021.
Chunghwa Telecom (CHT) reported its 2021 guidance, projecting a total revenue increase of NT$1.65~2.11 billion (0.8%~1.0%) to NT$209.26~209.72 billion due to mobile communications and digital economy growth. Operating costs are expected to rise by NT$0.73~0.81 billion (0.4%~0.5%) to NT$167.58~167.66 billion, driven by 5G-related expenses. Income from operations may decline by NT$0.64 billion, while net income is expected between NT$32.60~34.09 billion. Significant investments in 5G infrastructure are planned, with an increase expected in acquisition of property, plant, and equipment by NT$19.55 billion.
Chunghwa Telecom (CHT) reported a 2.6% increase in total revenue for Q3 2020, totaling NT$ 52.17 billion, despite an 8.5% decline in mobile communications revenue due to competition and COVID-19. Domestic fixed communications revenue rose by 20.9% to NT$ 18.85 billion, while international fixed communications revenue dropped by 25.5% to NT$ 2.14 billion. Net income grew by 3.2% to NT$ 8.35 billion, with earnings per share at NT$ 1.08. The company successfully constructed over 3,000 5G base stations and saw strong growth in ICT projects, up 84.9% year-over-year.
Chunghwa Telecom (CHT) announced the appointment of Vincent Y.S. Chen as Senior Executive Vice President and Chief Financial Officer, effective September 1, 2020. Chen, who holds a Ph.D. in Accounting, brings extensive experience from academia and research in finance. Chunghwa Telecom expects his leadership to enhance its financial and accounting performance, aiming to strengthen its position as a world-class telecommunications provider.
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