On March 18, HTC International Electronics (HTC for short) released its annual financial report for 2020. According to the financial report, HTC's revenue fell 42.03% year-on-year to NT $5.81 billion (about 1.332 billion yuan), declining for the ninth consecutive year:
As a comparison, HTC's revenue in 2019 was NT $10.01 billion (equivalent to about 2.3 billion yuan), down 57.8% from 2018. In 2020, the revenue was NT $5.81 billion (equivalent to about 1.332 billion yuan), a year-on-year decrease of 42.03%. In 2020, the gross profit rate will be 26.85%, up 6.6%.
HTC suffered an after tax loss of NT $6.02 billion (equivalent to about 1.38 billion yuan), a loss of NT $7.27 per share (equivalent to about 1.67 yuan), and a "slightly better" loss of NT $11.45 per share (equivalent to about 2.62 yuan) in 2019.
In the fourth quarter of 2020, HTC had a revenue of NT $1.6 billion (about 367 million yuan), a slight year-on-year increase in gross operating margin to 27.9%, a net operating loss of 1.29 billion yuan (about 296 million yuan), and an operating profit rate of - 80.9%.
Wang Xuehong, current CEO of HTC, and Yves Maitre, former CEO
On September 3, 2020, the former CEO of HTC, Yves Maitre, resigned less than a year after he took office, and the familiar "Aunt Xue" (Wang Xuehong, chairman of HTC) again served as the CEO of HTC. Aunt Xue served concurrently as CEO for the first time on March 20, 2015. Unexpectedly, she will serve concurrently again five and a half years later.
The former CEO once publicly said that it was the wrong investment in VR technology in the past few years that led HTC to lose its innovation in mobile phones (HTC is the world's third largest VR device manufacturer after Sony and FaceBook). He said that he would not give up the mobile phone business. The priority of the plan is to make efforts in the 5G ecosystem and focus on high-end 5G mobile phones.
HTC's first 5G mobile phone, the U20 5G in June 2020, uses Snapdragon 765G. On January 13 this year, HTC released the Desire 21 Pro 5G, a new 5G mid tier computer, which uses Snapdragon 690
At its peak in 2011, HTC's share price was nearly NT $1200 (about NT $283), up from NT $30 half a year ago, and now it is beginning at NT $28.5 (about NT $653), with a market value of NT $23.37 billion, about NT $5.356 billion.
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