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Subsidiaries (Tables)
12 Months Ended
Dec. 31, 2024
Disclosure of subsidiaries [Line Items]  
Detail Information of Subsidiaries

 

 

 

 

 

 

Percentage of Ownership interests

 

 

 

 

 

 

 

 

 

December 31

 

 

 

Name of Investor

 

Name of Investee

 

Main Businesses and Products

 

2023

 

 

2024

 

 

Note

Chunghwa Telecom
     Co., Ltd.

 

Senao International Co., Ltd.
     (“SENAO”)

 

Handset and peripherals retailer, sales of
CHT mobile phone plans as an agent

 

 

28

 

 

 

28

 

 

a)

 

 

Light Era Development Co.,
     Ltd. (“LED”)

 

Planning and development of real estate
and intelligent buildings, and property
management

 

 

100

 

 

 

100

 

 

 

 

 

Donghwa Telecom Co., Ltd.
     (“DHT”)

 

International private leased circuit, IP VPN
service, and IP transit services

 

 

100

 

 

 

100

 

 

 

 

 

Chunghwa Telecom
     Singapore Pte.,
     Ltd. (“CHTS”)

 

International private leased circuit, IP VPN
service, and IP transit services

 

 

100

 

 

 

100

 

 

 

 

 

Chunghwa System Integration
     Co., Ltd. (“CHSI”)

 

Providing system integration services and
telecommunications equipment

 

 

100

 

 

 

100

 

 

 

 

 

Chunghwa Investment Co.,
     Ltd. (“CHI”)

 

Investment

 

 

89

 

 

 

89

 

 

 

 

 

CHIEF Telecom Inc.
     (“CHIEF”)

 

Network integration, internet data center
(“IDC”), communications
integration and cloud application
services

 

 

56

 

 

 

56

 

 

b)

 

 

CHYP Multimedia Marketing
     & Communications
     Co., Ltd. (“CHYP”)

 

Digital information supply services and
advertisement services

 

 

100

 

 

 

100

 

 

 

 

 

Prime Asia Investments
     Group Ltd. (“Prime Asia”)

 

Investment

 

 

100

 

 

 

100

 

 

 

 

 

Spring House Entertainment
     Tech. Inc. (“SHE”)

 

Software design services, internet contents
production and play, and motion picture
production and distribution

 

 

56

 

 

 

56

 

 

 

 

 

Chunghwa Telecom Global,
      Inc. (“CHTG”)

 

International private leased circuit, internet
services, and transit services

 

 

100

 

 

 

100

 

 

 

 

 

Chunghwa Telecom Vietnam
      Co., Ltd. (“CHTV”)

 

Intelligent energy saving solutions,
international circuit, and
information and communication
technology (“ICT”) services

 

 

100

 

 

 

100

 

 

 

 

 

Smartfun Digital Co., Ltd.
     (“SFD”)

 

Providing diversified family education
digital services

 

 

65

 

 

 

65

 

 

 

 

 

Chunghwa Telecom Japan
     Co., Ltd. (“CHTJ”)

 

International private leased circuit, IP VPN
service, and IP transit services

 

 

100

 

 

 

100

 

 

 

 

 

Chunghwa Sochamp
     Technology Inc.
     (“CHST”)

 

Design, development and production of
Automatic License Plate Recognition
software and hardware

 

 

37

 

 

 

37

 

 

c)

 

 

Honghwa International Co.,
     Ltd. (“HHI”)

 

Telecommunications engineering, sales
agent of mobile phone plan application
and other business services, etc.

 

 

100

 

 

 

100

 

 

 

 

 

Chunghwa Leading Photonics
     Tech Co., Ltd. (“CLPT”)

 

Production and sale of electronic
components and finished products

 

 

75

 

 

 

70

 

 

d)

 

 

Chunghwa Telecom
     (Thailand) Co., Ltd.
     (“CHTT”)

 

International private leased circuit, IP VPN
service, ICT and cloud VAS services

 

 

100

 

 

 

100

 

 

 

 

(Continued)

 

 

 

 

 

 

 

Percentage of Ownership interests

 

 

 

 

 

 

 

 

 

December 31

 

 

 

Name of Investor

 

Name of Investee

 

Main Businesses and Products

 

2023

 

 

2024

 

 

Note

 

 

CHT Security Co., Ltd.
     (“CHTSC”)

 

Computing equipment installation,
wholesale of computing and business
machinery equipment and software,
management consulting services,
data processing services, digital
information supply services and
internet identity services

 

 

69

 

 

 

63

 

 

e)

 

 

International Integrated
     Systems, Inc. (“IISI”)

 

IT solution provider, IT application
consultation, system integration
and package solution

 

 

51

 

 

 

50

 

 

f)

 

 

Chunghwa Digital Cultural
   and Creative Capital Co.,
   Ltd (“CDCC Capital”)

 

Investment and management consulting

 

 

 

 

 

100

 

 

g)

 

 

Chunghwa Telecom Europe
   GmbH (“CHTEU”)

 

International private leased circuit, internet
services, transit services and ICT services

 

 

 

 

 

100

 

 

h)

Senao International Co.,
     Ltd.

 

Senao International (Samoa)
     Holding Ltd. (“SIS”)

 

International investment

 

 

 

 

 

 

 

i)

 

 

Youth Co., Ltd. (“Youth”)

 

Sale of information and communication
technologies products

 

 

96

 

 

 

96

 

 

 

 

 

Aval Technologies Co., Ltd.
     (“Aval”)

 

Sale of information and communication
technologies products

 

 

100

 

 

 

100

 

 

 

 

 

Senyoung Insurance Agent
     Co., Ltd. (“SENYOUNG”)

 

Property and liability insurance agency

 

 

100

 

 

 

100

 

 

 

Youth Co., Ltd.

 

ISPOT Co., Ltd. (“ISPOT”)

 

Sale of information and communication
technologies products

 

 

100

 

 

 

100

 

 

 

 

 

Youyi Co., Ltd. (“Youyi”)

 

Maintenance of information and
communication technologies
products

 

 

 

 

 

 

 

j)

Aval Technologies Co.,
     Ltd.

 

Wiin Technology Co., Ltd.
     (“Wiin”)

 

Sale of information and communication
technologies products

 

 

100

 

 

 

100

 

 

 

Senyoung Insurance
     Agent Co., Ltd.

 

Senaolife Insurance Agent
     Co., Ltd. (“Senaolife”)

 

Life insurance services

 

 

 

 

 

 

 

k)

CHIEF Telecom Inc.

 

Unigate Telecom Inc.
     (“Unigate”)

 

Telecommunications and internet service

 

 

100

 

 

 

100

 

 

 

 

 

Chief International Corp.
     (“CIC”)

 

Telecommunications and internet service

 

 

100

 

 

 

100

 

 

 

 

 

Shanghai Chief Telecom Co.,
     Ltd. (“SCT”)

 

Telecommunications and internet service

 

 

49

 

 

 

49

 

 

l)

Chunghwa Investment
     Co., Ltd.

 

Chunghwa Precision Test
     Tech. Co., Ltd. (“CHPT”)

 

Production and sale of semiconductor
testing components and printed
circuit board

 

 

34

 

 

 

34

 

 

m)

Chunghwa Precision Test
     Tech. Co., Ltd.

 

Chunghwa Precision Test
     Tech. USA Corporation
     (“CHPT (US)”)

 

Design and after-sale services of
semiconductor testing components
and printed circuit board

 

 

100

 

 

 

100

 

 

 

 

 

CHPT Japan Co., Ltd.
     (“CHPT (JP)”)

 

Related services of electronic parts,
machinery processed products
and printed circuit board

 

 

100

 

 

 

100

 

 

 

 

 

Chunghwa Precision Test
     Tech. International, Ltd.
     (“CHPT (International)”)

 

Wholesale and retail of electronic
materials, and investment

 

 

100

 

 

 

100

 

 

 

 

 

TestPro Investment Co., Ltd.
     (“TestPro”)

 

Investment

 

 

100

 

 

 

100

 

 

 

 

(Continued)

 

 

 

 

 

 

 

Percentage of Ownership interests

 

 

 

 

 

 

 

 

 

December 31

 

 

 

Name of Investor

 

Name of Investee

 

Main Businesses and Products

 

2023

 

 

2024

 

 

Note

TestPro Investment Co.,
   Ltd.

 

NavCore Tech. Co., Ltd.
   (“NavCore”)

 

Sale and manufacturing of smart
equipment, smart factory software
and hardware integration and
technical consulting service

 

 

54

 

 

 

54

 

 

 

Senao International
   (Samoa) Holding Ltd.

 

Senao International HK
   Limited (“SIHK”)

 

International investment

 

 

 

 

 

 

 

n)

Prime Asia Investments
   Group Ltd.

 

Chunghwa Hsingta Co., Ltd.
   (“CHC”)

 

Investment

 

 

100

 

 

 

100

 

 

 

Chunghwa Precision
   Test Tech.
   International, Ltd.

 

Shanghai Taihua Electronic
   Technology Limited
   (“STET”)

 

Design of printed circuit board and related
consultation service

 

 

100

 

 

 

100

 

 

 

 

 

Su Zhou Precision Test Tech.
   Ltd. (“SZPT”)

 

Assembly processed of circuit board,
design of printed circuit board and
related consultation service

 

 

100

 

 

 

100

 

 

 

International Integrated
   Systems, Inc.

 

Infoexplorer International
   Co., Ltd.(“IESA”)

 

Investment

 

 

 

 

 

 

 

o)

 

 

Unitronics Technology Corp.
   (“UTC”)

 

Development and maintenance of
information system

 

 

100

 

 

 

100

 

 

p)

Infoexplorer
   International Co., Ltd.

 

International Integrated
   Systems (Hong Kong)
   Limited (“IEHK”)

 

Investment and technical consulting
service

 

 

 

 

 

 

 

q)

 

(Concluded)

a)
Chunghwa continues to control more than half of seats of the Board of Directors of SENAO through the support of large beneficial stockholders. As a result, the Company treated SENAO as a subsidiary.
b)
CHIEF issued new shares in December 2023 and December 2024 as its employees exercised options. Therefore, the Company’s ownership interest in CHIEF decreased to 58.63% and 58.57% as of December 31, 2023 and 2024, respectively.
c)
Chunghwa controls more than half of seats of the Board of Directors of CHST as of December 31, 2024. As a result, the Company treated CHST as a subsidiary. For the information of changes in Chunghwa’s control over CHST in January 2025, please refer to Note 43.
d)
CLPT issued new shares in May 2023 and July 2024 as its employees exercised options. Therefore, the Company’s ownership interest in CLPT decreased to 74.56% and 69.87% as of December 31, 2023 and 2024, respectively.
e)
CHTSC issued new shares in February 2023, May 2023, January 2024, March 2024 and December 2024 as its employees exercised options. In addition, Chunghwa disposed of some shares of CHTSC in August 2024 before CHTSC traded its shares on the emerging stock market according to the local requirements. Therefore, the Company’s ownership interest in CHTSC decreased to 69.28% and 63.45% as of December 31, 2023 and 2024, respectively.
f)
Chunghwa disposed of some shares of IISI in August 2024 before IISI traded its shares on the emerging stock market according to the local requirements. Therefore, the Company’s ownership interest in IISI decreased to 49.64% as of December 31, 2024. Chunghwa continues to control more than half of seats of the Board of Directors of IISI. As a result, the Company treated IISI as a subsidiary.
g)
Chunghwa invested and established CDCC Capital in February 2024. Chunghwa obtained 100% ownership interest of CDCC Capital.
h)
Chunghwa invested and established CHTEU in July 2024. Chunghwa obtained 100% ownership interest of CHTEU.
i)
SIS completed its liquidation in September 2023.
j)
Youyi completed its liquidation in November 2023.
k)
In order to coordinate with financial planning and adjustment of organizational resources, the Board of Directors of SENYOUNG approved the merger with Senaolife. SENYOUNG was the surviving company. The merger was completed on May 1, 2023.
l)
CHIEF has more than half of seats of the Board of Directors of SCT according to the mutual agreements among stockholders and gained control over SCT; hence, SCT is deemed as a subsidiary of the Company.
m)
Though the Company’s ownership interest in CHPT is less than 50%, the management considered the absolute and relative size of ownership interest, and the dispersion of shares owned by the other stockholders and concluded that the Company has a sufficiently dominant voting interest to direct the relevant activities; hence, CHPT is deemed as a subsidiary of the Company.
n)
SIHK completed its liquidation in July 2023.
o)
IESA completed its liquidation in September 2023.
p)
IISI purchased shares of UTC in August 2023. Therefore, the Company’s ownership interest in UTC increased to 100%.
q)
IEHK completed its liquidation in June 2023.
Detailed Information of Equity Transactions

The detailed information of the equity transactions for the years ended December 31, 2022, 2023 and 2024 was as follows:

 

 

 

Year Ended December 31, 2022

 

 

 

CHIEF
Share-Based
Payment

 

 

CHTSC
Share-Based
Payment

 

 

Chunghwa Not
Proportionately
Participating in
the Capital
Increase of
CHST

 

 

 

NT$

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

Cash consideration received from noncontrolling interests

 

$

39

 

 

$

35

 

 

$

15

 

The proportionate share of the carrying amount of the net assets
   of the subsidiary transferred to noncontrolling interests

 

 

(17

)

 

 

(30

)

 

 

(10

)

Differences arising from equity transactions

 

$

22

 

 

$

5

 

 

$

5

 

 

 

 

 

 

 

 

 

 

Line items for equity transaction adjustments

 

 

 

 

 

 

 

 

 

Additional paid-in capital - arising from changes in equities of
   subsidiaries

 

$

22

 

 

$

5

 

 

$

5

 

 

 

 

Year Ended December 31, 2023

 

 

 

CHIEF
Share-Based
Payment

 

 

CHTSC
Share-Based
Payment

 

 

CLPT
Share-Based Payment

 

 

Purchasing
UTC
shares

 

 

 

NT$

 

 

NT$

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

Cash consideration received from (paid to) noncontrolling interests(Note)

 

$

8

 

 

$

15

 

 

$

1

 

 

$

 

The proportionate share of the carrying amount of the net assets
   of the subsidiary transferred from (to) noncontrolling interests

 

 

(2

)

 

 

(13

)

 

 

(1

)

 

 

 

Differences arising from equity transactions

 

$

6

 

 

$

2

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

Line items for equity transaction adjustments

 

 

 

 

 

 

 

 

 

 

 

 

Additional paid-in capital - arising from the difference
   between the consideration received or paid and the
   carrying amount of the subsidiaries’ net assets during
   actual disposal or acquisition

 

$

 

 

$

 

 

$

 

 

$

 

Additional paid-in capital - arising from changes in equities of
   subsidiaries

 

$

6

 

 

$

2

 

 

$

 

 

$

 

 

 

 

 

Year Ended December 31, 2024

 

 

 

CHIEF
Share-Based
Payment

 

 

CHTSC
Share-Based
Payment

 

 

CLPT
Share-Based Payment

 

 

Disposal of
CHTSC
Shares

 

 

Disposal of IISI Shares

 

 

 

NT$

 

 

NT$

 

 

NT$

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

Cash consideration received from noncontrolling interests (Note)

 

$

14

 

 

$

14

 

 

$

9

 

 

$

207

 

 

$

52

 

The proportionate share of the carrying amount of the net assets
   of the subsidiary transferred to noncontrolling interests

 

 

(10

)

 

 

(14

)

 

 

(13

)

 

 

(19

)

 

 

(16

)

Differences arising from equity transactions

 

$

4

 

 

$

 

 

$

(4

)

 

$

188

 

 

$

36

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Line items for equity transaction adjustments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Additional paid-in capital - arising from the difference
   between the consideration received or paid and the
   carrying amount of the subsidiaries’ net assets during
   actual disposal or acquisition

 

$

 

 

$

 

 

$

 

 

$

188

 

 

$

36

 

Additional paid-in capital - arising from changes in equities of
   subsidiaries

 

$

4

 

 

$

 

 

$

(4

)

 

$

 

 

$

 

Less than wholly owned subsidiaries that have material noncontrolling interests [Member]  
Disclosure of subsidiaries [Line Items]  
Detail Information of Subsidiaries

 

 

 

Place of Incorporation

 

Proportion of Ownership
Interests and Voting Rights
Held by Noncontrolling
Interests

 

 

and Principal

 

December 31

Subsidiaries

 

Place of Business

 

2023

 

2024

SENAO

 

Taiwan

 

72%

 

72%

CHPT

 

Taiwan

 

66%

 

66%

 

 

 

Profit Allocated to
Noncontrolling
Interests

 

 

Accumulated
Noncontrolling
Interests

 

 

 

Year Ended December 31

 

 

December 31

 

 

 

2022

 

 

2023

 

 

2024

 

 

2023

 

 

2024

 

 

 

NT$

 

 

NT$

 

 

NT$

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

SENAO

 

$

462

 

 

$

510

 

 

$

353

 

 

$

4,533

 

 

$

4,549

 

CHPT

 

$

496

 

 

$

15

 

 

$

295

 

 

 

4,994

 

 

 

5,289

 

Individually immaterial subsidiaries with
   noncontrolling interests

 

 

 

 

 

 

 

 

 

 

 

2,905

 

 

 

3,142

 

 

 

 

 

 

 

 

 

 

 

 

$

12,432

 

 

$

12,980

 

Summarized Financial Information Before Intercompany Eliminations

 

 

December 31

 

 

 

2023

 

 

2024

 

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

Current assets

 

$

6,540

 

 

$

6,738

 

Noncurrent assets

 

$

3,141

 

 

$

3,522

 

Current liabilities

 

$

2,982

 

 

$

3,582

 

Noncurrent liabilities

 

$

459

 

 

$

416

 

Equity attributable to the parent

 

$

1,707

 

 

$

1,713

 

Equity attributable to noncontrolling interests

 

$

4,533

 

 

$

4,549

 

 

 

 

 

Year Ended December 31

 

 

 

2022

 

 

2023

 

 

2024

 

 

 

NT$

 

 

NT$

 

 

NT$

 

 

 

 

 

 

(In Millions)

 

 

 

 

Revenues and income

 

$

31,602

 

 

$

31,675

 

 

$

32,503

 

Costs and expenses

 

 

30,958

 

 

 

30,964

 

 

 

32,012

 

Profit for the year

 

$

644

 

 

$

711

 

 

$

491

 

 

 

 

 

 

 

 

 

 

 

Profit attributable to the parent

 

$

182

 

 

$

201

 

 

$

138

 

Profit attributable to noncontrolling interests

 

 

462

 

 

 

510

 

 

 

353

 

Profit for the year

 

$

644

 

 

$

711

 

 

$

491

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss) attributable to the parent

 

$

11

 

 

$

(9

)

 

$

11

 

Other comprehensive income (loss) attributable to noncontrolling
     interests

 

 

26

 

 

 

(23

)

 

 

30

 

Other comprehensive income (loss) for the year

 

$

37

 

 

$

(32

)

 

$

41

 

 

 

 

 

 

 

 

 

 

 

Total comprehensive income attributable to the parent

 

$

192

 

 

$

192

 

 

$

149

 

Total comprehensive income attributable to noncontrolling
     interests

 

 

488

 

 

 

487

 

 

 

383

 

Total comprehensive income for the year

 

$

680

 

 

$

679

 

 

$

532

 

 

 

 

 

 

 

 

 

 

 

Net cash flow from operating activities

 

$

(329

)

 

$

1,146

 

 

$

904

 

Net cash flow from investing activities

 

 

36

 

 

 

36

 

 

 

(356

)

Net cash flow from financing activities

 

 

(826

)

 

 

(873

)

 

 

(819

)

Effect of exchange rate changes on cash and cash equivalents

 

 

1

 

 

 

 

 

 

 

Net cash inflow (outflow)

 

$

(1,118

)

 

$

309

 

 

$

(271

)

 

 

 

 

 

 

 

 

 

 

Dividends paid to noncontrolling interests

 

$

371

 

 

$

408

 

 

$

371

 

 

Summarized financial information in respect of CHPT and its subsidiaries that has material noncontrolling interests is set out below. The summarized financial information below represented amounts before intercompany eliminations.

 

 

 

December 31

 

 

 

2023

 

 

2024

 

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

Current assets

 

$

3,773

 

 

$

4,936

 

Noncurrent assets

 

$

4,499

 

 

$

4,222

 

Current liabilities

 

$

677

 

 

$

1,102

 

Noncurrent liabilities

 

$

23

 

 

$

21

 

Equity attributable to CHI

 

$

2,578

 

 

$

2,746

 

Equity attributable to noncontrolling interests

 

$

4,994

 

 

$

5,289

 

 

 

 

 

Year Ended December 31

 

 

 

2022

 

 

2023

 

 

2024

 

 

 

NT$

 

 

NT$

 

 

NT$

 

 

 

 

 

 

(In Millions)

 

 

 

 

Revenues and income

 

$

4,434

 

 

$

2,941

 

 

$

3,670

 

Costs and expenses

 

 

3,673

 

 

 

2,905

 

 

 

3,207

 

Profit for the year

 

$

761

 

 

$

36

 

 

$

463

 

 

 

 

 

 

 

 

 

 

 

Profit attributable to CHI

 

$

265

 

 

$

21

 

 

$

168

 

Profit attributable to noncontrolling interests

 

 

496

 

 

 

15

 

 

 

295

 

Profit for the year

 

$

761

 

 

$

36

 

 

$

463

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss) attributable to CHI

 

$

5

 

 

$

(1

)

 

$

6

 

Other comprehensive income (loss) attributable to noncontrolling
     interests

 

 

7

 

 

 

(2

)

 

 

10

 

Other comprehensive income (loss) for the year

 

$

12

 

 

$

(3

)

 

$

16

 

 

 

 

 

 

 

 

 

 

 

Total comprehensive income attributable to CHI

 

$

270

 

 

$

20

 

 

$

174

 

Total comprehensive income attributable to noncontrolling
     interests

 

 

503

 

 

 

13

 

 

 

305

 

Total comprehensive income for the year

 

$

773

 

 

$

33

 

 

$

479

 

 

 

 

 

 

 

 

 

 

 

Net cash flow from operating activities

 

$

1,401

 

 

$

325

 

 

$

616

 

Net cash flow from investing activities

 

 

(1,011

)

 

 

(244

)

 

 

(188

)

Net cash flow from financing activities

 

 

(388

)

 

 

(409

)

 

 

(43

)

Effect of exchange rate changes on cash and cash equivalents

 

 

8

 

 

 

(2

)

 

 

15

 

Net cash inflow (outflow)

 

$

10

 

 

$

(330

)

 

$

400

 

 

 

 

 

 

 

 

 

 

 

Dividends paid to noncontrolling interests

 

$

293

 

 

$

253

 

 

$

11