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Chunghwa Telecom 2023 Form 20-F filed with the U.S. SEC
Prnewswire· 2024-04-17 10:27
TAIPEI, April 17, 2024 /PRNewswire/ -- Chunghwa Telecom Co., Ltd (TAIEX: 2412, NYSE: CHT) ("Chunghwa" or "the Company") today announced that the Company filed its 2023 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission. The Form 20-F filing is available at https://www.cht.com.tw/en/home/cht. Hard copies of the Company's complete audited financial statements can also be requested, free of charge, by contacting Chunghwa, by phone or in writing, at the following address: Chunghwa Telec ...
CHT(CHT) - 2023 Q4 - Annual Report
2024-04-17 10:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...
CHT(CHT) - 2023 Q4 - Earnings Call Transcript
2024-01-30 12:20
Chunghwa Telecom Co., Ltd. (NYSE:CHT) Q4 2023 Earnings Conference Call January 30, 2024 2:00 AM ET Company Participants Angela Tsai - Director of Investor Relations Harrison Kuo - Chairman Ivan Lin - President Vincent Chen - Chief Financial Officer Conference Call Participants Neale Anderson - HSBC Sara Wang - UBS Rajesh Panjwani - JPMorgan Operator Good afternoon, ladies and gentlemen. Welcome to Chunghwa Telecom Conference Call for the company's Fourth Quarter 2023 Operating Results. During the presentati ...
Chunghwa Telecom Reports Un-Audited Consolidated Operating Results for the Fourth Quarter and Full Year of 2023
Prnewswire· 2024-01-30 08:51
TAIPEI, Jan. 30, 2024 /PRNewswire/ -- Chunghwa Telecom Co., Ltd. (TAIEX: 2412, NYSE: CHT) ("Chunghwa" or "the Company") today reported its un-audited operating results for the fourth quarter of 2023. All figures were prepared in accordance with Taiwan-International Financial Reporting Standards ("T-IFRSs") on a consolidated basis. (Comparisons throughout the press release, unless otherwise stated, are made with regard to the prior year period.) Fourth Quarter 2023 Financial Highlights-       Total revenue i ...
CHT(CHT) - 2023 Q4 - Earnings Call Presentation
2024-01-30 08:05
4Q 2023 Operating Results January 30, 2024 1 © Chunghwa Telecom Disclaimer STATEMENT REGARDING UNAUDITED FINANCIAL INFORMATION ...
Chunghwa Telecom Reports 2024 Guidance
Prnewswire· 2024-01-26 08:24
TAIPEI, Jan. 26, 2024 /PRNewswire/ -- Chunghwa Telecom Co., Ltd. (TAIEX: 2412, NYSE: CHT) ("Chunghwa" or "the Company") today reported its guidance for 2024 on a consolidated basis. All figures were prepared in accordance with Taiwan-International Financial Reporting Standards ("T-IFRSs"). Looking ahead to 2024, Chunghwa Telecom will solidify its leading position in mobile market revenue and market share with outstanding network and service quality. By promoting fixed broadband speed upgrades, the Company a ...
CHT(CHT) - 2023 Q3 - Earnings Call Transcript
2023-11-03 10:38
Chunghwa Telecom Co., Ltd. (NYSE:CHT) Q3 2023 Earnings Conference Call November 2, 2023 3:00 AM ET Company Participants Angela Tsai - Director of Investor Relations Harrison Kuo - Chairman and CEO Chau-Young Lin - President Vincent Chen - Chief Financial Officer Conference Call Participants Neale Anderson - HSBC Operator Good afternoon, ladies and gentlemen. Welcome to Chunghwa Telecom Conference Call for the company's Third Quarter 2023 Operating Results. During the presentation all lines will be on listen ...
CHT(CHT) - 2023 Q3 - Earnings Call Presentation
2023-11-03 09:55
3Q 2023 Operating Results November 2, 2023 1 © Chunghwa Telecom Disclaimer STATEMENT REGARDING UNAUDITED FINANCIAL INFORMATION ...
CHT(CHT) - 2023 Q3 - Quarterly Report
2023-11-01 16:00
[FORM 6-K Filing Information](index=1&type=section&id=FORM%206-K%20Filing%20Information) This section provides administrative details for the Form 6-K filing, including registrant information and exhibit index [SEC Filing Details](index=1&type=section&id=SEC%20Filing%20Details) This section details the Form 6-K filing, identifying Chunghwa Telecom as registrant under Form 20-F - Chunghwa Telecom Co., Ltd. filed a Form 6-K report with the SEC[1](index=1&type=chunk) - The registrant files annual reports under Form 20-F[2](index=2&type=chunk) [Exhibit Index](index=2&type=section&id=Exhibit%20Index) The Exhibit Index lists Exhibit 99.01, a press release on Chunghwa Telecom's Q3 2023 un-audited operating results - Exhibit 99.01 is a press release detailing Chunghwa Telecom's un-audited consolidated operating results for Q3 2023[6](index=6&type=chunk) [Signature](index=3&type=section&id=Signature) The report was signed by Yu-Shen Chen, CFO of Chunghwa Telecom Co., Ltd., on November 2, 2023 - The report was signed by Yu-Shen Chen, Chief Financial Officer of Chunghwa Telecom Co., Ltd. on November 2, 2023[9](index=9&type=chunk) [Third Quarter 2023 Un-Audited Consolidated Operating Results](index=4&type=section&id=Third%20Quarter%202023%20Un-Audited%20Consolidated%20Operating%20Results) This section presents Chunghwa Telecom's un-audited Q3 2023 consolidated operating results and key business highlights [Executive Summary & Highlights](index=4&type=section&id=Executive%20Summary%20%26%20Highlights) Chunghwa Telecom reported sound Q3 2023 results, showing healthy momentum in key segments and strategic digital ecosystem investments [Chairman and CEO's Remarks](index=4&type=section&id=Chairman%20and%20CEO's%20Remarks) Chairman Kuo highlighted healthy Q3 2023 momentum, with mobile revenue up 6.9% YoY and growth across key business segments - Mobile business revenue increased **6.9% YoY**, marking 30 consecutive months of growth[12](index=12&type=chunk) - Mobile market share in Taiwan reached **40% in revenue** and **37.1% in subscribers**[12](index=12&type=chunk) - Revenues from cybersecurity and IDC business continued to grow due to increasing demands[12](index=12&type=chunk) - International Business Group delivered **double-digit growth** year over year and expanded globally with MOUs[12](index=12&type=chunk) [President's Remarks](index=4&type=section&id=President's%20Remarks) President Lin emphasized investments in KK Company Technologies and plans to raise funds for content business to enhance IPTV/OTT services - Chunghwa Telecom invested in KK Company Technologies to expand its digital ecosystem and improve video quality[12](index=12&type=chunk) - Plans to raise funds to enhance content business and build a content ecosystem, collaborating with domestic and international content creators for IPTV and OTT services[14](index=14&type=chunk) [Key Financial Highlights](index=4&type=section&id=Key%20Financial%20Highlights) Total revenue slightly increased, while operating income, EBITDA, and net income decreased due to a higher base and increased costs, with EPS meeting expectations Third Quarter 2023 Financial Highlights (YoY Change) | Metric | Q3 2023 (NT$ billion) | YoY Change (%) | | :-------------------------------- | :-------------------- | :------------- | | Total revenue | 53.66 | +0.3 | | Consumer Business Group revenue | 33.74 | +2.8 | | Enterprise Business Group revenue | 16.62 | -4.4 | | International Business Group revenue | 2.34 | +29.8 | | Total operating costs and expenses | 42.19 | +2.1 | | Operating income | 11.46 | -5.9 | | EBITDA | 21.38 | -3.3 | | Net income attributable to stockholders of the parent | 9.09 | -2.9 | | Basic earnings per share (EPS) | 1.18 | N/A | [Detailed Financial Performance](index=5&type=section&id=Detailed%20Financial%20Performance) Q3 2023 financial performance showed mixed results, with slight total revenue growth and decreased operating and net income due to higher costs [Revenue Analysis](index=5&type=section&id=Revenue%20Analysis) Total revenue for Q3 2023 increased **0.3% to NT$ 53.66 billion**, driven by Consumer and International Business Groups, despite Enterprise Business Group decline Q3 2023 Revenue by Segment | Segment | Q3 2023 Revenue (NT$ billion) | YoY Change (%) | | :------------------------------ | :---------------------------- | :------------- | | Total Revenue | 53.66 | +0.3 | | Consumer Business Group | 33.74 | +2.8 | | Enterprise Business Group | 16.62 | -4.4 | | International Business Group | 2.34 | +29.8 | [Consumer Business Group Revenue](index=5&type=section&id=Consumer%20Business%20Group%20Revenue) CBG revenue increased **2.8% to NT$ 33.74 billion**, driven by mobile service and iPhone 15 sales, but income before tax remained flat - Mobile service revenue increased **6.8% YoY**, driven by 5G migration, postpaid subscriber growth, and international roaming recovery[16](index=16&type=chunk) - Sales revenue increased **3% YoY**, propelled by iPhone 15 series sales volume[16](index=16&type=chunk) - Fixed broadband revenue grew **2.7% YoY** due to effective promotions[16](index=16&type=chunk) - CBG's income before tax remained flat due to a higher base of government subsidies in the prior year and increased manpower/electricity expenses[16](index=16&type=chunk) [Enterprise Business Group Revenue](index=5&type=section&id=Enterprise%20Business%20Group%20Revenue) EBG revenue decreased **4.4% to NT$ 16.62 billion**, and income before tax decreased **11.8% YoY**, due to fixed voice decline and a high prior-year base - EBG revenue decreased **4.4% YoY to NT$ 16.62 billion**, primarily due to fixed voice decline and a higher base of government subsidies[17](index=17&type=chunk) - ICT revenue decreased due to a higher base from large smart energy projects in the prior year[17](index=17&type=chunk) - Mobile service revenue increased due to 5G upselling and international roaming recovery[17](index=17&type=chunk) - Data communication revenue and broadband access revenue continued to grow as expected[17](index=17&type=chunk) [International Business Group Revenue](index=5&type=section&id=International%20Business%20Group%20Revenue) IBG total revenue increased **29.8% to NT$ 2.34 billion**, driven by emerging businesses and roaming, but income before tax decreased **3.6% YoY** - IBG total revenue increased by **29.8% YoY to NT$ 2.34 billion**[18](index=18&type=chunk) - Growth was mainly driven by emerging businesses (IDC, cloud services) and recovered roaming revenue[18](index=18&type=chunk) - Income before tax decreased **3.6% YoY** due to non-operating expenses (foreign currency valuation loss) and higher electricity expenses[18](index=18&type=chunk) [Operating Costs and Expenses](index=5&type=section&id=Operating%20Costs%20and%20Expenses) Total operating costs and expenses for Q3 2023 increased **2.1% to NT$ 42.19 billion**, primarily driven by higher electricity and manpower costs Q3 2023 Operating Costs and Expenses | Metric | Q3 2023 (NT$ billion) | YoY Change (%) | | :-------------------------- | :-------------------- | :------------- | | Total operating costs and expenses | 42.19 | +2.1 | | Main drivers | Higher electricity expenses and manpower cost | N/A | [Operating Income and Net Income](index=5&type=section&id=Operating%20Income%20and%20Net%20Income) Operating income for Q3 2023 decreased **5.9% to NT$ 11.46 billion**, with a **21.4% operating margin**; net income decreased **2.9% to NT$ 9.09 billion** Q3 2023 Operating and Net Income | Metric | Q3 2023 (NT$ billion) | YoY Change (%) | Q3 2023 Margin (%) | Q3 2022 Margin (%) | | :-------------------------------- | :-------------------- | :------------- | :----------------- | :----------------- | | Income from operations | 11.46 | -5.9 | 21.4 | 22.8 | | Net income attributable to stockholders of the parent | 9.09 | -2.9 | N/A | N/A | | Basic earnings per share (EPS) | 1.18 | N/A | N/A | N/A | [Cash Flow and EBITDA](index=6&type=section&id=Cash%20Flow%20and%20EBITDA) Cash flow from operating activities increased **5.7%**, while cash and cash equivalents decreased **2.7%**; EBITDA for Q3 2023 decreased **3.3% to NT$ 21.38 billion** Q3 2023 Cash Flow and EBITDA | Metric | As of Sep 30, 2023 (NT$ billion) | YoY Change (%) | | :-------------------------------- | :------------------------------- | :------------- | | Cash flow from operating activities | 49.89 | +5.7 | | Cash and cash equivalents | 32.01 | -2.7 | | Metric | Q3 2023 (NT$ billion) | YoY Change (%) | Q3 2023 Margin (%) | Q3 2022 Margin (%) | | :----- | :-------------------- | :------------- | :----------------- | :----------------- | | EBITDA | 21.38 | -3.3 | 39.84 | 41.30 | [Business Segment Operational Highlights](index=6&type=section&id=Business%20Segment%20Operational%20Highlights) Operational data for Q3 2023 shows growth in mobile subscribers and ARPU, and slight increases in fixed broadband subscribers and revenue [Mobile Business](index=6&type=section&id=Mobile%20Business) As of September 30, 2023, mobile subscribers increased **4.1% to 12.93 million**, mobile service revenue grew **6.9%**, and post-paid ARPU increased **5.1%** Mobile Business Operational Data (as of Sep 30, 2023) | Metric | Value | YoY Change (%) | | :-------------------------------- | :---------- | :------------- | | Mobile subscribers | 12.93 million | +4.1 | | Mobile service revenue (Q3) | NT$ 16.42 billion | +6.9 | | Mobile post-paid ARPU (Q3, excl. IoT SIMs) | NT$ 553 | +5.1 | [Fixed Broadband/HiNet](index=6&type=section&id=Fixed%20Broadband%2FHiNet) As of September 30, 2023, total broadband subscribers increased **0.1%**, HiNet subscribers grew **0.7%**, fixed broadband revenue increased **1.9%**, and ARPU grew **1.0%** Fixed Broadband/HiNet Operational Data (as of Sep 30, 2023) | Metric | Value | YoY Change (%) | | :-------------------------- | :---------- | :------------- | | Total broadband subscribers | 4.39 million | +0.1 | | HiNet broadband subscribers | 3.68 million | +0.7 | | Fixed broadband revenue (Q3) | NT$ 10.95 billion | +1.9 | | Fixed broadband ARPU (Q3) | NT$ 775 | +1.0 | [Fixed Line Business](index=6&type=section&id=Fixed%20Line%20Business) As of September 30, 2023, the number of fixed-line subscribers was 9.21 million Fixed Line Subscribers (as of Sep 30, 2023) | Metric | Value | | :-------------------- | :---------- | | Fixed-line subscribers | 9.21 million | [Additional Information](index=6&type=section&id=Additional%20Information) This section provides disclosures on forward-looking statements, non-GAAP financial measures (EBITDA), and an overview of Chunghwa Telecom's business and ESG commitments [Forward-Looking Statements](index=6&type=section&id=Forward-Looking%20Statements) The report contains forward-looking statements subject to inherent risks and uncertainties, and Chunghwa Telecom undertakes no obligation to update them - The report contains forward-looking statements subject to inherent risks and uncertainties[26](index=26&type=chunk) - Chunghwa Telecom does not undertake to update these statements for future events or circumstances, except as legally required[26](index=26&type=chunk) [Non-GAAP Financial Measures](index=7&type=section&id=Non-GAAP%20Financial%20Measures) Chunghwa Telecom presents EBITDA as a non-GAAP financial measure, defined as consolidated net income adjusted for specific items, used by management but not as a substitute for T-IFRSs measures - EBITDA is presented as a non-GAAP financial measure to supplement T-IFRSs financial statements[29](index=29&type=chunk)[31](index=31&type=chunk) - EBITDA is defined as consolidated net income excluding depreciation, amortization, certain financing costs, non-operating expenses/income, income tax, and (income) loss from discontinued operations[29](index=29&type=chunk) - Management uses EBITDA to assess operating performance, but it should not be considered in isolation or as a substitute for T-IFRSs financial measures[30](index=30&type=chunk)[32](index=32&type=chunk) [About Chunghwa Telecom](index=8&type=section&id=About%20Chunghwa%20Telecom) Chunghwa Telecom is Taiwan's largest integrated telecommunications company, offering diverse services, expanding into innovative technologies, and committed to ESG - Chunghwa Telecom is Taiwan's largest integrated telecommunications services company[34](index=34&type=chunk) - Services include fixed-line, mobile, broadband, internet, and ICT services (big data, information security, cloud computing, IDC)[34](index=34&type=chunk) - The company is expanding into innovative technology services such as IoT and AI[34](index=34&type=chunk) - Chunghwa Telecom actively implements ESG initiatives and has received numerous awards for its sustainability commitments[34](index=34&type=chunk)
CHT(CHT) - 2023 Q2 - Earnings Call Transcript
2023-08-12 17:30
Chunghwa Telecom Co., Ltd. (NYSE:CHT) Q2 2023 Results Conference Call August 8, 2023 3:00 AM ET Company Participants Angela Tsai - Director of Investor Relations Harrison Kuo - Chairman and CEO Chau-Young Lin - President Vincent Chen - Chief Financial Officer Operator Good afternoon, ladies and gentlemen. Welcome to Chunghwa Telecom Conference Call for the company's Second Quarter 2023 Operating Results [Operator Instructions]. For your information, this conference call is now being broadcasted live over th ...