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Hotai Motor Co 2207.TW · TWD

Consumer Discretionary · Taiwan Stock Exchange · 🇹🇼 Taiwan

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533.00

+0.95%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 278.06bn

FY2016FY2025

Net income

TWD 18.90bn

FY2016FY2025

Free cash flow

TWD 23.69bn

FY2016FY2025

Shareholders' equity

TWD 86.16bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 278.06bnTWD 256.11bnTWD 274.51bnTWD 225.21bnTWD 227.83bnTWD 231.81bnTWD 211.00bnTWD 184.70bnTWD 177.30bnTWD 172.53bn
Gross profitTWD 49.49bnTWD 38.43bnTWD 48.88bnTWD 22.02bnTWD 29.13bnTWD 36.89bnTWD 30.51bnTWD 27.34bnTWD 23.97bnTWD 22.98bn
Research and developmentTWD 371.4mTWD 260.7mTWD 136.1mTWD 122.7mTWD 110.9mTWD 95.2mTWD 96.5mTWD 60.7mTWD 56.5mTWD 46.5m
Operating incomeTWD 30.15bnTWD 29.46bnTWD 30.27bn−TWD 7.64bnTWD 26.56bnTWD 22.56bnTWD 15.97bnTWD 14.79bnTWD 12.32bnTWD 10.24bn
Net incomeTWD 18.90bnTWD 20.47bnTWD 22.86bn−TWD 15.75bnTWD 16.21bnTWD 13.85bnTWD 11.77bnTWD 10.03bnTWD 10.12bnTWD 10.74bn
Diluted earnings per share27.8736.6940.99-28.2629.6425.3521.5318.3718.5319.65

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 521.02bnTWD 510.56bnTWD 485.88bnTWD 406.56bnTWD 349.61bnTWD 290.25bnTWD 255.53bnTWD 229.39bnTWD 206.60bnTWD 178.92bn
Cash and short-term investmentsTWD 32.15bnTWD 30.88bnTWD 29.47bnTWD 23.67bnTWD 36.69bnTWD 26.51bnTWD 18.50bnTWD 15.73bnTWD 20.29bnTWD 16.74bn
Total liabilitiesTWD 397.27bnTWD 396.44bnTWD 385.44bnTWD 336.99bnTWD 255.15bnTWD 206.37bnTWD 179.93bnTWD 171.15bnTWD 151.73bnTWD 128.34bn
DebtTWD 313.11bnTWD 314.46bnTWD 307.62bnTWD 259.06bnTWD 192.07bnTWD 149.47bnTWD 127.97bnTWD 122.81bnTWD 107.34bnTWD 94.84bn
Shareholders' equityTWD 86.16bnTWD 78.28bnTWD 66.23bnTWD 41.76bnTWD 73.77bnTWD 65.48bnTWD 58.59bnTWD 49.34bnTWD 46.66bnTWD 43.11bn
Shares outstanding678m558m558m557m547m546m547m546m546m547m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 48.61bnTWD 24.47bn−TWD 19.17bn−TWD 41.89bn−TWD 2.50bnTWD 13.68bnTWD 16.48bnTWD 8.69bnTWD 18.90bnTWD 13.77bn
Capital spending−TWD 24.92bn−TWD 25.97bn−TWD 25.36bn−TWD 24.76bn−TWD 21.15bn−TWD 19.11bn−TWD 18.88bn−TWD 19.21bn−TWD 13.41bn−TWD 12.45bn
Free cash flowTWD 23.69bn−TWD 1.50bn−TWD 44.53bn−TWD 66.65bn−TWD 23.65bn−TWD 5.43bn−TWD 2.40bn−TWD 10.52bnTWD 5.50bnTWD 1.32bn
Dividends paid−TWD 11.14bn−TWD 13.25bn−TWD 1.09bn−TWD 10.92bn−TWD 9.29bn−TWD 7.65bn−TWD 6.55bn−TWD 6.55bn−TWD 6.55bn−TWD 6.55bn

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 87.11bnTWD 70.37bnTWD 84.95bnTWD 65.52bnTWD 61.23bnTWD 66.36bnTWD 64.33bnTWD 67.31bn
Gross profitTWD 17.12bnTWD 11.82bnTWD 20.61bnTWD 10.49bnTWD 9.12bnTWD 9.28bnTWD 9.65bnTWD 3.74bn
Operating incomeTWD 10.13bnTWD 7.38bnTWD 8.84bnTWD 6.32bnTWD 5.01bnTWD 5.38bnTWD 7.02bnTWD 7.02bn
Net incomeTWD 7.58bnTWD 4.43bnTWD 5.05bnTWD 5.58bnTWD 3.96bnTWD 4.31bnTWD 4.43bnTWD 4.28bn
Diluted earnings per share13.607.947.458.235.836.357.947.67
Cash from operationsTWD 3.94bnTWD 20.55bnTWD 8.75bnTWD 12.78bnTWD 10.94bnTWD 16.95bnTWD 9.78bnTWD 7.63bn
Capital spending−TWD 6.58bn−TWD 5.02bn−TWD 5.99bn−TWD 5.54bn−TWD 7.46bn−TWD 6.30bn−TWD 6.22bn−TWD 6.51bn
Free cash flow−TWD 2.63bnTWD 15.54bnTWD 2.76bnTWD 7.24bnTWD 3.49bnTWD 10.65bnTWD 3.57bnTWD 1.12bn
Total assetsTWD 554.76bnTWD 525.15bnTWD 521.02bnTWD 512.01bnTWD 504.69bnTWD 510.57bnTWD 510.56bnTWD 507.12bn
Cash and short-term investmentsTWD 34.00bnTWD 42.40bnTWD 32.15bnTWD 34.20bnTWD 32.25bnTWD 34.38bnTWD 30.88bnTWD 29.54bn
DebtTWD 311.79bnTWD 306.18bnTWD 312.83bnTWD 310.83bnTWD 302.02bnTWD 306.43bnTWD 312.47bnTWD 320.28bn
Shareholders' equityTWD 85.66bnTWD 79.22bnTWD 86.16bnTWD 79.15bnTWD 71.53bnTWD 69.87bnTWD 78.28bnTWD 72.18bn

Financial ratios

Data as of 3 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin17.8%15.0%17.8%9.8%12.8%15.9%
Operating margin10.8%11.5%11.0%-3.4%11.7%9.7%
Net margin6.8%8.0%8.3%-7.0%7.1%6.0%
Return on equity21.9%26.1%34.5%-37.7%22.0%21.2%
Return on assets3.6%4.0%4.7%-3.9%4.6%4.8%
Free cash flow yield20.8%17.4%2.1%-5.9%6.5%11.5%
Revenue growth8.6%-6.7%21.9%-1.2%-1.7%9.9%
Earnings growth-7.7%-10.5%-245.2%-197.1%17.1%17.7%
Current ratio1.04x1.03x1.04x0.96x1.09x1.08x
Debt to equity3.63x3.99x4.62x6.16x2.58x2.26x
Equity ratio16.5%15.3%13.6%10.3%21.1%22.6%
Interest coverage4.14x4.11x5.27x-2.39x13.76x12.12x
R&D as a share of sales0.1%0.1%0.0%0.1%0.0%0.0%
Buybacks as a share of market value-21.6%-0.0%-0.1%-1.9%-0.1%0.1%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue7.3%3.7%5.6%
Operating income—6.0%12.7%
Net income—6.4%6.8%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin16.5%15.4%15.1%14.6%
Operating margin11.2%8.0%8.8%8.1%
Net margin7.4%4.5%5.1%5.4%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings19.716.917.3-20.420.324.931.113.618.718.4
Price to sales1.31.41.41.41.41.51.70.71.11.1

Dividends and splits

Per share, in the currency the company pays

Paid for 26 years. Last went ex-dividend on 12 Jun 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year20.0020.0020.002.0019.60816.66713.72611.765
  • 1.02-for-1 split · 4 Aug 2023
  • 21-for-20 split · 15 Aug 2000
  • 21-for-20 split · 13 Aug 1999
  • 1.15-for-1 split · 9 Jul 1998
  • 21-for-20 split · 15 Jul 1997

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.