Taiwan’s top 5,000 companies register over NT$40 trillion in revenue in 2021
Taipei, June 28 (CNA) The total annual revenue generated by Taiwan’s top 5,000 companies topped NT$40 trillion ($1.34 trillion) in 2021 for the first time, an official said on Tuesday. Taipei-based credit reporting agency, citing a survey it conducted.
For the 17th consecutive year, iPhone assembler Hon Hai Precision Industry Co. had the highest annual revenue among the nation’s top 5,000 companies at NT$3.64 trillion, followed by Taiwan Semiconductor Manufacturing Co. (TSMC) with NT$1.57 trillion, according to a press release. provided by China Credit Information Service (CCIS).
The top five companies all generated net sales of more than NT$1 trillion, ACIS said, citing Compal Electronics, Pegatron Corporation and Quanta Computer Inc. as the other three.
In terms of net profit, however, TSMC topped the list for the 18th consecutive year, with NT$596.5 billion, the agency said.
In total, Taiwan’s top 5,000 companies recorded a combined net profit of NT$5.57 trillion, after tax, in 2021, the highest ever in Taiwan’s history, and total revenue of more than NT$40 trillion, according to CCIS.
He also said three of Taiwan’s top freight forwarders Evergreen Marine Corp, Yang Ming Marine Transport Corp and Wan Hai Lines posted their net margins at 254.58%, 67.53% and 89.09%, respectively, to become the second, third and ninth most profitable in 2021.
According to the agency, ocean freight rates had skyrocketed in 2021 due to a shortage of shipping containers, which resulted from disruptions caused by the COVID-19 pandemic.