C 
Chunghwa Telecom Co 2412.TW · TWD
Communication Services · Taiwan Stock Exchange · 🇹🇼 Taiwan
163.50
+1.24%
Close of 6 Nov 2026, in TWD
At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 236.00bn
FY2016FY2025
Net income
TWD 38.69bn
FY2016FY2025
Free cash flow
TWD 51.57bn
FY2016FY2025
Shareholders' equity
TWD 386.26bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 236.00bn | TWD 228.57bn | TWD 221.34bn | TWD 215.71bn | TWD 209.44bn | TWD 207.61bn | TWD 179.32bn | TWD 215.48bn | TWD 227.51bn | TWD 229.99bn |
| Gross profit | TWD 84.48bn | TWD 81.99bn | TWD 79.58bn | TWD 79.09bn | TWD 74.33bn | TWD 70.58bn | TWD 63.27bn | TWD 75.94bn | TWD 80.68bn | TWD 82.44bn |
| Research and development | TWD 4.34bn | TWD 4.17bn | TWD 3.89bn | TWD 3.77bn | TWD 3.69bn | TWD 3.85bn | TWD 3.34bn | TWD 3.73bn | TWD 3.89bn | TWD 3.78bn |
| Operating income | TWD 48.55bn | TWD 46.87bn | TWD 46.35bn | TWD 46.84bn | TWD 45.05bn | TWD 42.72bn | TWD 38.35bn | TWD 43.64bn | TWD 46.70bn | TWD 48.11bn |
| Net income | TWD 38.69bn | TWD 37.19bn | TWD 36.96bn | TWD 36.36bn | TWD 35.62bn | TWD 33.42bn | TWD 32.79bn | TWD 35.50bn | TWD 38.87bn | TWD 40.07bn |
| Diluted earnings per share | 5.00 | 4.78 | 4.76 | 4.68 | 4.59 | 4.31 | 4.23 | 4.58 | 5.01 | 5.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 535.87bn | TWD 534.30bn | TWD 523.74bn | TWD 523.20bn | TWD 513.07bn | TWD 506.38bn | TWD 457.32bn | TWD 467.27bn | TWD 451.12bn | TWD 447.13bn |
| Cash and short-term investments | TWD 57.50bn | TWD 57.94bn | TWD 52.40bn | TWD 52.11bn | TWD 43.28bn | TWD 36.55bn | TWD 27.95bn | TWD 37.15bn | TWD 34.13bn | TWD 38.06bn |
| Total liabilities | TWD 135.08bn | TWD 138.49bn | TWD 129.04bn | TWD 131.47bn | TWD 121.81bn | TWD 117.12bn | TWD 81.21bn | TWD 80.70bn | TWD 77.54bn | TWD 75.93bn |
| Debt | TWD 31.02bn | TWD 43.23bn | TWD 43.64bn | TWD 43.47bn | TWD 38.91bn | TWD 38.24bn | TWD 11.45bn | TWD 1.70bn | TWD 1.67bn | TWD 1.74bn |
| Shareholders' equity | TWD 386.26bn | TWD 382.83bn | TWD 382.31bn | TWD 379.12bn | TWD 379.33bn | TWD 377.93bn | TWD 376.11bn | TWD 376.56bn | TWD 364.88bn | TWD 364.70bn |
| Shares outstanding | 7,738m | 7,786m | 7,768m | 7,769m | 7,757m | 7,757m | 7,757m | 7,757m | 7,757m | 7,757m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 79.27bn | TWD 79.24bn | TWD 74.56bn | TWD 75.95bn | TWD 74.86bn | TWD 74.46bn | TWD 70.14bn | TWD 66.37bn | TWD 70.93bn | TWD 64.95bn |
| Capital spending | −TWD 27.70bn | −TWD 28.99bn | −TWD 30.98bn | −TWD 33.43bn | −TWD 35.59bn | −TWD 71.12bn | −TWD 22.71bn | −TWD 29.05bn | −TWD 38.18bn | −TWD 23.80bn |
| Free cash flow | TWD 51.57bn | TWD 50.25bn | TWD 43.58bn | TWD 42.52bn | TWD 39.27bn | TWD 3.34bn | TWD 47.43bn | TWD 37.32bn | TWD 32.75bn | TWD 41.15bn |
| Dividends paid | −TWD 38.79bn | −TWD 36.91bn | −TWD 36.48bn | −TWD 35.75bn | −TWD 33.40bn | −TWD 32.78bn | −TWD 34.75bn | −TWD 37.20bn | −TWD 38.34bn | −TWD 42.55bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 61.36bn | TWD 59.99bn | TWD 65.55bn | TWD 57.92bn | TWD 56.40bn | TWD 55.43bn | TWD 64.74bn | TWD 55.34bn |
| Gross profit | TWD 22.36bn | TWD 22.12bn | TWD 19.60bn | TWD 21.51bn | TWD 21.44bn | TWD 21.23bn | TWD 21.11bn | TWD 20.13bn |
| Operating income | TWD 13.26bn | TWD 13.10bn | TWD 11.50bn | TWD 12.10bn | TWD 12.55bn | TWD 12.52bn | TWD 11.65bn | TWD 11.38bn |
| Net income | TWD 10.14bn | TWD 10.11bn | TWD 9.29bn | TWD 9.44bn | TWD 10.17bn | TWD 9.80bn | TWD 8.97bn | TWD 9.01bn |
| Diluted earnings per share | 1.38 | 1.37 | 1.20 | 1.22 | 1.31 | 1.27 | 1.15 | 1.16 |
| Cash from operations | — | TWD 11.27bn | TWD 32.57bn | TWD 16.90bn | TWD 16.33bn | TWD 12.95bn | TWD 29.49bn | TWD 20.53bn |
| Capital spending | — | −TWD 4.55bn | −TWD 10.40bn | −TWD 5.81bn | −TWD 6.95bn | −TWD 5.78bn | −TWD 12.84bn | −TWD 5.80bn |
| Free cash flow | — | TWD 6.72bn | TWD 22.17bn | TWD 11.09bn | TWD 9.38bn | TWD 7.17bn | TWD 16.65bn | TWD 14.73bn |
| Total assets | — | TWD 547.81bn | TWD 535.87bn | TWD 513.11bn | TWD 544.48bn | TWD 537.23bn | TWD 534.30bn | TWD 509.62bn |
| Cash and short-term investments | — | TWD 65.68bn | TWD 57.50bn | TWD 37.79bn | TWD 72.25bn | TWD 64.09bn | TWD 57.94bn | TWD 44.21bn |
| Debt | — | TWD 33.18bn | TWD 31.02bn | TWD 31.35bn | TWD 36.41bn | TWD 36.39bn | TWD 35.90bn | TWD 36.06bn |
| Shareholders' equity | — | TWD 396.31bn | TWD 386.26bn | TWD 376.61bn | TWD 366.73bn | TWD 395.40bn | TWD 382.83bn | TWD 374.11bn |
Financial ratios
Data as of 30 Aug 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 35.8% | 35.9% | 36.0% | 36.7% | 35.5% | 34.0% |
| Operating margin | 20.6% | 20.5% | 20.9% | 21.7% | 21.5% | 20.6% |
| Net margin | 16.4% | 16.3% | 16.7% | 16.9% | 17.0% | 16.1% |
| Return on equity | 10.0% | 9.7% | 9.7% | 9.6% | 9.4% | 8.8% |
| Return on assets | 7.2% | 7.0% | 7.1% | 6.9% | 6.9% | 6.6% |
| Free cash flow yield | 10.2% | 10.3% | 10.0% | 10.4% | 10.5% | 13.8% |
| Revenue growth | 3.3% | 3.3% | 2.6% | 3.0% | 0.9% | 15.8% |
| Earnings growth | 4.0% | 0.6% | 1.7% | 2.1% | 6.6% | 1.9% |
| Current ratio | 1.48x | 1.38x | 1.57x | 1.50x | 1.42x | 1.15x |
| Debt to equity | 0.08x | 0.09x | 0.09x | 0.10x | 0.08x | 0.08x |
| Equity ratio | 72.1% | 71.7% | 73.0% | 72.5% | 73.9% | 74.6% |
| Interest coverage | 131.09x | 138.27x | 145.31x | 178.09x | 206.51x | 207.33x |
| R&D as a share of sales | 1.8% | 1.8% | 1.8% | 1.7% | 1.8% | 1.9% |
| Buybacks as a share of market value | 0.6% | -0.2% | 0.0% | -0.1% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.0% | 2.6% | 0.2% |
| Operating income | 1.2% | 2.6% | -0.4% |
| Net income | 2.1% | 3.0% | -1.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 35.8% | 36.1% | 35.6% | 35.6% |
| Operating margin | 20.5% | 20.9% | 21.0% | 21.0% |
| Net margin | 16.3% | 16.5% | 16.5% | 17.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 26.1 | 25.9 | 25.2 | 24.1 | 25.4 | 25.3 | 26.0 | 24.7 | 21.1 | 19.6 |
| Price to sales | 4.3 | 4.2 | 4.2 | 4.1 | 4.3 | 4.1 | 4.8 | 4.1 | 3.6 | 3.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 25 years. Last went ex-dividend on 9 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 5.20 | 5.00 | 4.758 | 4.702 | 4.608 | 4.306 | 4.226 | 4.479 |
- 1000-to-800 reverse split · 7 Jan 2011
- 100-to-90.9091 reverse split · 21 Jan 2010
- 11-for-10 split · 3 Aug 2009
- 100-to-83.5329 reverse split · 3 Mar 2009
- 1.01-for-1 split · 17 Oct 2008
- 100-to-90 reverse split · 21 Dec 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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