Business Performance
Financial Performance
In 2024, global geopolitical tensions, ongoing trade protectionism, and continued weakness in the Eurozone manufacturing sector resulted in a subdued recovery momentum for the global economy. The average global Manufacturing Purchasing Managers’ Index (PMI) stood at only 49.3%, reflecting the sluggish pace of recovery. HIWIN reported consolidated revenue of NT$24.392 billion for the year, representing a slight decline of 0.98% compared to 2023. All figures presented are based on the consolidated financial statements. For detailed financial performance, please refer to the HIWIN 2024 Annual Report.
HIWIN’s dividend policy adheres to the Company’s articles and legal regulations regarding the annual distribution of earnings. The dividend distributions for the years 2021-2024 are as follows:
Tax Management
Tax policy and principle
As a responsible global corporate citizen, HIWIN upholds the value of innovation and sustainable operation, committing to information transparency and sustainable development. We fulfill our social responsibilities in the regions where we operate, assume reasonable tax burdens in major operating countries, support government tax incentive policies, and contribute to local economic development and industrial innovation. We manage and formulate HIWIN’s tax policies and guidelines to pursue sustainable development based on sound and reasonable principles.
Tax governance and risk management
HIWIN operates and expands its business globally in full compliance with the tax regulations of the countries in which it operates. We adheres to the arm’s length principle in all intercompany transactions and follows the transfer pricing regulations applicable in each jurisdiction. In addition, consolidated entities engage external experts or tax advisory firms to enhance professional capabilities and assist in addressing tax matters. The internal audit department conducts annual reviews to ensure that accounting, taxation, and financial reporting processes comply with internal control systems and applicable legal requirements.
In response to global trends in tax governance and the implementation of a global minimum tax regime, each consolidated entity is responsible for filing and paying taxes in accordance with local tax laws. Day-to-day tax administration and management are handled by the respective finance departments, ensuring compliance with internal procedures and relevant tax regulations. Tax-related matters are reviewed by certified public accountants or tax professionals and submitted to the appropriate approval levels.
Recognizing that changes in tax laws and regulations may pose potential risks to business operations, HIWIN closely monitors policy and legislative developments that may impact taxation. In the event of changes to local tax laws or international tax standards, the Company gathers relevant information, assesses potential impacts, and formulates appropriate response strategies. Group-level tax matters are centrally coordinated by HIWIN’s Finance Department, while significant tax issues at the subsidiary level are reported to the Board of Directors on an as-needed basis.
Tax information