Today, Taiwanese company, HTC, announced its Q4 2017 financial report and the result is appalling. The company’s operating revenue for the fourth quarter of 2017 was NT$15.7 billion (approximately RMB3.39 billion) which represents a year-on-year decrease of 29.3%. It recorded a gross profit margin of -30.8% and this value was 10.5% for Q4 2016. In all, the company’s operating loss was 9.6 billion Taiwan dollars (approximately RMB 2.07 billion).
For the whole year of 2017, HTC’s operating revenue was 62 billion Taiwan dollars (approximately RMB 13.37 billion), which represents 20.6% of the year-on-year period and its operating loss was 17.5 billion Taiwan dollars (approximately RMB 3.78 billion), which was a year-on-year increase of 20.0%. Since the second quarter of 2015, HTC has no idea what it means to make money. It has accumulated a total of 46.2 billion Taiwan dollars (approximately 9.96 billion yuan) in 11 consecutive quarters. As at the close of today’s business, HTC shares fell 0.90 Taiwan dollars, to close at 63 Taiwan dollars which represents a decrease of 1.41%.