Operation PerformanceOperation Performance

Operation performanceOperation performance

Since its establishment in 1999, HFC has always taken "satisfying customers' needs" as the guiding principle of its operation; by combining its own core competencies and developing the concept of sustainability, HFC has achieved good and stable growth in financial performance, which is the foundation for the stability of the Company's sustainable development. "Strengthening the Company's core business," "developing diversified products," and "reinvesting in businesses" have always been the three important pillars for HFC's business development. Therefore, we have for a long time steadily and continuously invested in talent, research and development, distribution channel development, and new businesses and business models, providing continuous growth momentum for HFC's stable development. Since 2007, HFC has received "twAA-" credit rating for long term issues and received "stable" outlook rating from Taiwan Ratings for 17 consecutive years; since 2020, HFC has received "BBB" credit rating for long term issues from Standard & Poor's for 4 consecutive years. The Company continues to receive the best credit ratings as a domestic auto financing company, and has steadily maintained its position as a market leader in the automobile installment business.Since its establishment in 1999, HFC has always taken "satisfying customers' needs" as the guiding principle of its operation; by combining its own core competencies and developing the concept of sustainability, HFC has achieved good and stable growth in financial performance, which is the foundation for the stability of the Company's sustainable development. "Strengthening the Company's core business," "developing diversified products," and "reinvesting in businesses" have always been the three important pillars for HFC's business development. Therefore, we have for a long time steadily and continuously invested in talent, research and development, distribution channel development, and new businesses and business models, providing continuous growth momentum for HFC's stable development. Since 2007, HFC has received "twAA-" credit rating for long term issues and received "stable" outlook rating from Taiwan Ratings for 17 consecutive years; since 2020, HFC has received "BBB" credit rating for long term issues from Standard & Poor's for 4 consecutive years. The Company continues to receive the best credit ratings as a domestic auto financing company, and has steadily maintained its position as a market leader in the automobile installment business.

Note1: Based on the consolidated financial statements, the subsidiaries included in the consolidated financial statements include Hoyun International Limited, He Jing Co., Ltd., He Jun Energy Co., Ltd., and Hoing Mobility Service Co., Ltd. Note 2: The revenue from government subsidies is generated from lighting and air-conditioning replacement subsidies and tax refund subsidies from the Mainland China government.Note1: Based on the consolidated financial statements, the subsidiaries included in the consolidated financial statements include Hoyun International Limited, He Jing Co., Ltd., He Jun Energy Co., Ltd., and Hoing Mobility Service Co., Ltd. Note 2: The revenue from government subsidies is generated from lighting and air-conditioning replacement subsidies and tax refund subsidies from the Mainland China government.

Tax governanceTax governance

HFC abides by the tax laws and regulations of the countries where we operate business and strictly abides by national laws and government policies by issuing uniform invoices or e-invoices as required and filing tax returns as per law. HFC adopts a tax governance policy of honest tax reporting, responsive tax risk assessment, and information transparency. HFC abides by the tax laws and regulations of the countries where we operate business and strictly abides by national laws and government policies by issuing uniform invoices or e-invoices as required and filing tax returns as per law. HFC adopts a tax governance policy of honest tax reporting, responsive tax risk assessment, and information transparency.

Political contributionPolitical contribution

HFC adheres to the principle of political neutrality. Over the years, it has not made any political contributions, including but not limited to any form of direct or indirect expenditures and donations to candidates, political parties, policy lobbying groups, political movements, organizations influencing legislative actions, or organizations related to referendum proposals.HFC adheres to the principle of political neutrality. Over the years, it has not made any political contributions, including but not limited to any form of direct or indirect expenditures and donations to candidates, political parties, policy lobbying groups, political movements, organizations influencing legislative actions, or organizations related to referendum proposals.