Message from the ChairmanMessage from the Chairman
The year 2023 is a time when the industry is on the road to recovery from the pandemic. However, the global economy is full of unpredictable challenges. Inflationary pressures persist; the high interest rate environment has yet to be lifted; and uncertainties such as geopolitical tensions continue to challenge the operational resilience of businesses. To cope with the changing and unchanging market environment, HFC, as a leading brand in Taiwan’s automobile finance industry, adheres to the business philosophy of “customers are the priority, and expertise is fundamental” and continues to innovate its products and services. It proactively responds to the global wave of digital technology and sustainable governance, optimizes its business structure in all aspects, and creates greater value for its stakeholders. HFC’s 2023 consolidated revenue exceeded $28.6 billion, a record high again, with an annual growth of 25.9%, and its consolidated net income reached $4.09 billion and the EPS after tax was $6.41, which shows an outstanding operating performance. At the same time, HFC also shares the operating results with its employees, and endeavors to build a happy workplace; the average salary for full-time employees not in managerial positions reached $1.347 million in 2023, an increase of 10.7% compared to the previous year. In terms of revenue, profitability, employee salaries and benefits, and sustainable performance, HFC has repeatedly created outstanding performance and has been selected as a constituent of the TWSE Corporate Governance 100 Index for three consecutive years. In 2023, it won 11 awards and certifications at home and abroad. The year 2023 is a time when the industry is on the road to recovery from the pandemic. However, the global economy is full of unpredictable challenges. Inflationary pressures persist; the high interest rate environment has yet to be lifted; and uncertainties such as geopolitical tensions continue to challenge the operational resilience of businesses. To cope with the changing and unchanging market environment, HFC, as a leading brand in Taiwan’s automobile finance industry, adheres to the business philosophy of “customers are the priority, and expertise is fundamental” and continues to innovate its products and services. It proactively responds to the global wave of digital technology and sustainable governance, optimizes its business structure in all aspects, and creates greater value for its stakeholders. HFC’s 2023 consolidated revenue exceeded $28.6 billion, a record high again, with an annual growth of 25.9%, and its consolidated net income reached $4.09 billion and the EPS after tax was $6.41, which shows an outstanding operating performance. At the same time, HFC also shares the operating results with its employees, and endeavors to build a happy workplace; the average salary for full-time employees not in managerial positions reached $1.347 million in 2023, an increase of 10.7% compared to the previous year. In terms of revenue, profitability, employee salaries and benefits, and sustainable performance, HFC has repeatedly created outstanding performance and has been selected as a constituent of the TWSE Corporate Governance 100 Index for three consecutive years. In 2023, it won 11 awards and certifications at home and abroad.
As HFC enters its third decade (HFC 3.0), it has deepened its business operations while expanding into new businesses by transforming from finance and leasing to investing in the development of green energy. In 2023, HFC officially entered Southeast Asia by investing in Ly Hour Leasing PLC, Cambodian car leasing company, which can be regarded as HFC’s beachhead to open up the ASEAN market. At the same time, the introduction of HFC’s business expertise and technology capabilities is expected to have a positive effect on the local economy and business environment, and to jointly create new business opportunities. In response to the global vision of net-zero emission reduction, HFC established He Jun Energy in 2022, and is committed to the development of all-round green energy business by adhering to the three major directions of "prioritizing energy creation; accelerating energy storage; synchronizing charging and electricity sales." Although it has been established for less than two years, the management team has accelerated the expansion of green energy field with the spirit of "start late but arrive first." and won the recognition of 2023 Business Weekly Carbon Competitiveness Top 100.As HFC enters its third decade (HFC 3.0), it has deepened its business operations while expanding into new businesses by transforming from finance and leasing to investing in the development of green energy. In 2023, HFC officially entered Southeast Asia by investing in Ly Hour Leasing PLC, Cambodian car leasing company, which can be regarded as HFC’s beachhead to open up the ASEAN market. At the same time, the introduction of HFC’s business expertise and technology capabilities is expected to have a positive effect on the local economy and business environment, and to jointly create new business opportunities. In response to the global vision of net-zero emission reduction, HFC established He Jun Energy in 2022, and is committed to the development of all-round green energy business by adhering to the three major directions of "prioritizing energy creation; accelerating energy storage; synchronizing charging and electricity sales." Although it has been established for less than two years, the management team has accelerated the expansion of green energy field with the spirit of "start late but arrive first." and won the recognition of 2023 Business Weekly Carbon Competitiveness Top 100.
In terms of the solar power plant business, He Jun Energy continues to expand its scale and power generation efficiency. Up to 2023, its self-built and acquired power plants have been operated in 211 sites. The total number of contracted and under-construction sites has reached 106, with a total capacity of over 214 MW. In addition, the energy storage system is a key solution for a stable energy supply. In 2023, He Jun Energy also completed its first energy storage system with installed capacity of 2MW; since September, it has participated in the power trading platform and provided the electricity frequency modulation and operating service for the entire Taiwan, thus contributing to the stable supply of electricity in Taiwan. On the other hand, in response to the trend of low-carbon transportation, He Jun Energy established a new charging pile brand, “EVRun,” in 2023 to link up the industry supply chain, develop multiple fields through cross-border cooperation, and steadily position itself in the charging pile market. Charging piles have been installed in department stores, office buildings, Toyota/Lexus dealerships, etc. By the end of the year, the number of piles in operation had reached 80, providing sustainable and convenient services to car owners. In the future, HFC will continue to invest in the development of all aspects of green energy business, and strive for the sustainability of the earth. As the changes and influence of digital technology on social and economic development are becoming more and more obvious, HFC has also proactively introduced digital technology into its products, services and operation management to accelerate operational efficiency and service efficiency, to drive the transformation and upgradation of the Company, and to further enhance the Company’s competitiveness. Looking to the future, HFC will continue to break through the framework, link up with more partners to create a positive cycle of goodness, fulfill its corporate social responsibility, implement social care, and practice diversified and innovative sustainable actions, with the aim of creating greater contributions in all aspects of ESG.In terms of the solar power plant business, He Jun Energy continues to expand its scale and power generation efficiency. Up to 2023, its self-built and acquired power plants have been operated in 211 sites. The total number of contracted and under-construction sites has reached 106, with a total capacity of over 214 MW. In addition, the energy storage system is a key solution for a stable energy supply. In 2023, He Jun Energy also completed its first energy storage system with installed capacity of 2MW; since September, it has participated in the power trading platform and provided the electricity frequency modulation and operating service for the entire Taiwan, thus contributing to the stable supply of electricity in Taiwan. On the other hand, in response to the trend of low-carbon transportation, He Jun Energy established a new charging pile brand, “EVRun,” in 2023 to link up the industry supply chain, develop multiple fields through cross-border cooperation, and steadily position itself in the charging pile market. Charging piles have been installed in department stores, office buildings, Toyota/Lexus dealerships, etc. By the end of the year, the number of piles in operation had reached 80, providing sustainable and convenient services to car owners. In the future, HFC will continue to invest in the development of all aspects of green energy business, and strive for the sustainability of the earth. As the changes and influence of digital technology on social and economic development are becoming more and more obvious, HFC has also proactively introduced digital technology into its products, services and operation management to accelerate operational efficiency and service efficiency, to drive the transformation and upgradation of the Company, and to further enhance the Company’s competitiveness. Looking to the future, HFC will continue to break through the framework, link up with more partners to create a positive cycle of goodness, fulfill its corporate social responsibility, implement social care, and practice diversified and innovative sustainable actions, with the aim of creating greater contributions in all aspects of ESG.
