Also from a review of the Google Finance Website and financial statements in company investor relations websites, I found another 12 Companies headquartered in Taiwan with Stock Market Capitalizations of more than NT$ 300 bil.
The NT$ is worth a little bit above 3 cents US.
How have these 16 largest Taiwan Companies recovered from the 2008-9 worldwide financial meltdown? Well, the second best of all country companies that I have researched so far. Only Israeli Companies have a higher total profits increase since 2007. These 16 Taiwan Companies had Total Predominately Audited Earnings From Continuing Operations which were 73% above that in 2007.
For the most recent 3 years the Earnings are under the prestigious IFRS. For the earlier years, they are mostly prepared under Taiwanese GAAP, although by far the largest Taiwan Semiconductor Manufacturing is under the most prestigious of all US GAAP in earlier years.
Below here are the reported Predominately Audited Earnings (Losses) for each of these 16 Taiwan Companies for all years reported from 2007 through 2014:
|Taiwan Largest Companies||Profit||Profit||Profit||Profit||Profit||Profit||Profit||Profit|
|NT$ mils||NT$ mils||NT$ mils||NT$ mils||NT$ mils||NT$ mils||NT$ mils||NT$ mils|
|Filing With US SEC|
|Taiwan Semiconductor Manufacturing||254,184||183,850||159,286||137,103||164,320||89,293||81,822||71,961|
|Chunghwa Telecom Co Ltd||37,567||42,618||42,617||48,095||48,558||44,495||45,792||48,742|
|Advanced Semiconductor Engineering Inc||22,869||15,870||13,648||13,979||19,195||6,904||7,208||13,995|
|United Microelectronics Corp||10,447||12,084||4,149||6,605||23,544||364||(29,632)||(9,398)|
|Not Filing With US SEC|
|Hon Hai Precision Industry Co Ltd||132,482||107,346||91,667||81,935||75,473||75,685||55,133||84,688|
|Fubon Financial Holding Co Ltd||60,483||38,464||29,149||30,543||19,905||19,938||10,875||14,432|
|Cathay Financial Holding Co Ltd||49,785||38,020||17,058||11,285||4,308||10,832||1,973||30,763|
|CTBC Financial Holding Co Ltd||39,444||21,510||21,298||18,297||14,142||2,439||14,778||13,339|
|Nan Ya Plastics Corp||32,817||25,064||3,639||24,201||41,718||16,923||NA||NA|
|China Steel Corporation||22,160||15,992||5,895||19,494||37,587||19,603||24,030||51,264|
|Delta Electronics Inc||20,699||17,776||14,783||10,991||15,754||11,657||10,251||15,061|
|Uni-President Enterprises Corp||17,713||20,740||15,569||14,735||16,924||12,162||3,601||11,017|
|Taiwan Mobile Co Ltd||15,631||16,067||16,550||13,626||13,818||13,889||15,371||6,613|
|Formosa Chemicals & Fibre Corp||14,021||26,679||8,503||NA||NA||NA||NA||NA|
|Formosa Petrochemical Corp||9,070||26,859||2,721||22,509||40,929||43,931||15,196||69,617|
|Grand Total all 16||785,771||636,424||462,077||467,014||567,112||404,810||275,572||455,484|
|Earnings % Increase:|
|….. 2014 Over 2013||23%|
|….. 2014 Over 2012||70%|
|….. 2014 Over 2008||185%|
|….. 2014 Over 2007||73%|
The next three countries company audited earnings I want to research are all in the Far East ..... South Korea, Hong Kong and China. The latter should be particularly interesting since a lot of it in Chinese. But I have a hunch that I will be able to draw a large enough sample to reach a reasonable conclusion about how well these companies in the aggregate have recovered from the 2008-9 horrific worldwide financial meltdown, and particularly to what extent have their recent Total Earnings Growth Decelerated?