Overview
We base our business development on computer peripheral products and consumer video imaging products. Our four major product lines include input devices, portable keyboard modules, video imaging products, and camera lens modules. Among these, keyboards, webcams, and laptop camera modules have emerged as leading products in global manufacturing. We sell our finished products to downstream assembly plants or brand manufacturers that are leaders in the technology industry.
Chicony Operational Sites
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Management Philosophy
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Corporate Culture
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Management Approach
Operational Overview
In response to the rapid changes in the industry and external challenges in 2024, the Company is integrating group resources to focus on research, development, and sales of its established products, including keyboards, power supplies, and digital imaging. At the same time, non-PC product areas such as gaming, servers, smart homes, and satellite communications continue to develop steadily. The Company is investing resources in potential markets and high-value applications, which is expected to bring stable growth in revenue and profitability.
It is projected that by 2025, Chicony’s sales in computer peripherals, digital imaging, consumer electronics, and other electronic products will total approximately 181.8 million units, while its subsidiaries, Chicony Power and XAVI, are expected to sell around 132.3 million units and 3.5 million units in computer peripherals, gaming products, networking, and other electronics, respectively.
Main Products
Operational and Financial Performance
The Company hires an independent certified public accountant (CPA) to regularly audit the Company's financial status and internal controls. Furthermore, in accordance with the Corporate Governance Best Practice Principles, we evaluate the independence and suitability of the appointed CPAs annually by referencing the Audit Quality Indicators (AQIs). Each year, the accounting firm issues a "Communication Letter with Governance Body," which includes the statement of roles and responsibilities of the lead accountant and the independence declaration of the auditing accountant. Chicony regularly conducts inspections through its shareholder services unit to confirm that the CPA does not hold any shares in the Company and is not concurrently serving in any position within the organization. The independence of the CPA is assessed, and the results of this assessment are reported to the Board of Directors (BOD).
Financial Performance
Unit: NT$1,000
Note: Consolidated Financial Statement Data.
Operational Performance
Unit: NT$1,000
Note: Consolidated financial statement data; net income after tax attributable to the owners of the parent company.
Tax Governance
The tax governance unit of the Company is coordinated and planned by the Finance Management Department of HQ. In response to the trends in tax governance, we adhere to relevant internal promotion regulations, transparently disclose information as required, and implement the principles of corporate tax management. All relevant tax payment situations are verified by an accounting firm and reflected in the financial statements.
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Tax Policy
The tax governance unit of the Company is coordinated and planned by the Finance Management Department of HQ. In response to the trends in tax governance, we adhere to relevant internal promotion regulations, transparently disclose information as required, and implement the principles of corporate tax management. All relevant tax payment situations are verified by an accounting firm and reflected in the financial statements. - Tax Management Principles
Tax Information
| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Net Profit Before Tax (NT$ million) | 9,452 | 11,197 | 11,273 | 13,296 |
| Income Tax Expense (NT$ million) | 1,879 | 2,181 | 2,273 | 2,592 |
| Income Taxes Paid (NT$ million) | 1,134 | 2,014 | 2,522 | 2,140 |
| Effective Tax Rate (%) | 19.9 | 19.5 | 20.2 | 19.5 |
| Cash Tax Rate (%) | 12.0 | 18.0 | 22.4 | 16.1 |
Notes:
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Effective Tax Rate = Income Tax Expense ÷ Net Profit Before Tax x 100%
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Cash Tax Rate = Income Taxes Paid ÷ Net Profit Before Tax x 100%