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    Wholesale distributors
Hotai Motor Co., Ltd.

Hotai Motor Co., Ltd.

TTWSE:2207
530.00
TWD
+4.00
(+0.76%)
40.30EPS
16.21P/E
306.41BMarket Cap
Nov 17Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
262.91
287.58
288.29
309.93
318.26
331.58
383.91
386.61
408.96
404.22
457.29
460.86
461.28
461.34
Basic EPS, GAAP
13.73
16.51
17.55
19.28
18.16
18
21.13
24.86
29.1
-34.7
41.03
36.74
33.93
33.93
Free Cash Flow per Basic Share
-0.26
-14.67
4.6
2.18
11.83
-18.88
-4.31
-9.92
-42.45
-119.73
-79.93
-2.69
42.96
42.96
Dividend per Share
8.82
12.35
10.29
11.76
11.76
11.76
11.76
16.42
19.63
23.18
5.32
23.79
24.69
24.68
Book Value per Share
59.31
63.53
70.66
77.38
83.75
88.56
105.16
117.53
132.42
74.97
118.88
140.52
154.65
154.65
Tangible Book Value per Share
59.3
63.53
70.66
77.38
81.58
86.36
102.95
115.36
130.09
74.64
117.67
139.15
149.85
149.85
Basic Weighted Avg Shares
557
557
557
557
557
557
557
557
557
557
557
557
557
557
Sales/Revenue/Turnover
146,467
160,214
160,608
172,661
177,305
184,722
213,880
215,380
227,832
225,193
254,759
256,748
256,980
256,980
Operating Margin (%)
5.19
5.29
5.68
6.87
6.95
8.01
8.77
3.71
3.99
-12.61
5.77
5.89
5.66
5.66
Depreciation Expense
7,912
8,597
8,947
8,338
7,910
8,045
8,945
9,672
10,753
12,033
13,071
13,968
14,747
14,747
Net Income, GAAP
7,650
9,196
9,777
10,740
10,116
10,026
11,769
13,849
16,211
-19,330
22,858
20,467
18,900
18,900
Effective Tax Rate (%)
18.33
15.83
17.69
17.11
19.04
23.66
21.8
21.73
21.68
- -
11.42
14.1
18.06
18.06
Profit Margin (%)
5.22
5.74
6.09
6.22
5.71
5.43
5.5
6.43
7.12
-8.58
8.97
7.97
7.35
7.35
Working Capital
10,016
9,164
12,031
18,857
12,001
5,957
12,786
15,836
21,210
-12,153
13,172
7,119
14,880
14,880
LT Debt
5,672
8,774
5,047
4,963
4,844
4,086
4,994
4,558
6,439
14,207
22,179
7,158
11,001
11,001
Total Equity
38,273
41,084
45,777
50,579
54,876
58,236
75,609
83,885
94,466
69,572
100,438
114,122
123,756
123,756
Return on Invested Capital (%)
6.09
6.27
5.96
7.08
6.43
6.51
7.54
2.37
2.39
- -
2.75
2.11
1.85
1.85
Return on Capital (%)
6.8
7.24
6.98
6.87
6.48
5.73
5.17
5.78
5.53
- -
6.7
5.53
4.92
4.92
Return on Common Equity (%)
24.24
26.87
26.16
26.05
22.54
20.89
21.81
22.33
23.28
-33.46
42.33
28.33
22.99
22.99

Capital Structure

TWD

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
292,613
298,525
302,105
LT Borrowings
9,407
11,376
8,733
LT Finance Leases
1,984
1,904
2,267
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
557
557
557
Market Capitalization
314,206
330,362
306,407

Working Capital

TWD

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
363,738
364,976
370,774
Cash, Cash Equivalents & STI
32,246
34,200
37,448
Accounts Receivable, Net
278,504
277,380
279,728
Inventories
19,627
18,148
17,239
Total Current Liabilities
357,800
354,474
355,894
Payables & Accruals
- -
- -
- -
ST Debt
292,613
298,525
302,105
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.86%
10.54%
8.44%
Free Cash Flow
-113.42%
-263.53%
-1,697.55%
Net Income, GAAP
-40.03%
-87.71%
-7.65%
Sales/Revenue/Turnover
4.95%
3.72%
0.09%
Total Cash Common Dividend
- -
62.29%
3.81%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
61,961
65,147
64,244
63,408
254,759
2024
64,467
65,725
62,047
64,330
256,748
2025
66,361
61,231
65,517
63,871
256,980

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
9.09
12.65
11.39
7.9
41.03
2024
10.56
10.54
7.69
7.95
36.74
2025
7.73
7.1
10.03
9.07
33.93

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
-0.04
5.32
2024
- -
- -
- -
- -
23.79
2025
- -
- -
24.69
- -
24.69

Company Description

Company Profile APIChatGPT
CEO
Chun Hsing Su
Full Time Employees
8,703
Sector
Distribution services
Industry
Wholesale distributors
Address
No. 121, Songjiang Road Taipei TP Taiwan 10485
IPO Date
Feb 25, 1997
Website
hotaimotor.com.tw
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Business
Hotai Motor Co., Ltd. (2207.TW) serves as the exclusive distributor of Toyota and Lexus vehicles in Taiwan, along with Hino trucks and buses; it provides comprehensive after-sales services including maintenance, parts supply, and warranty support; and operates a diverse portfolio of automotive-related businesses such as leasing, rental, insurance agency, and used vehicle sales. The company manufactures and sells Toyota-brand vehicles, engines, and components through its extensive dealer network across Taiwan; offers financial services like auto loans and fleet management; and engages in logistics and transportation solutions via subsidiaries. Founded in 1947 and headquartered in Taipei, Taiwan, Hotai Motor operates primarily in the domestic Taiwanese market, serving retail consumers, corporate fleets, and government entities in the automotive retail and services industry. In recent developments, Hotai Motor expanded its electric vehicle offerings with the launch of new Toyota battery electric models in Taiwan during 2024, aligning with global electrification trends; formed strategic partnerships with local energy firms for EV charging infrastructure in 2025; and completed the acquisition of additional dealership sites to strengthen market penetration amid rising demand for hybrid and EV segments. The company announced a major capital investment in advanced service centers equipped for autonomous vehicle maintenance in late 2024; secured a significant funding round from institutional investors to support digital transformation initiatives, including AI-driven customer service platforms; and reorganized its subsidiary structure to integrate luxury Lexus operations more efficiently, reflecting a shift toward premium and sustainable mobility solutions within the past two years.