Below are the financial statements of Hotai Motor, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of TWD | 2024 | 2023 |
|---|---|---|
| Revenues | — | — |
| Interest income | 23,218.61a | 21,189.48a |
| Premiums revenue | 8,555.84a | 8,659.22a |
| Reinsurance commission revenue | 959.12a | 1,195.47a |
| Fee income | 10.33a | 10.71a |
| Share of profit of associates and joint ventures accounted for using the equity method | 2,959.59a | 3,441.56a |
| Gains on financial assets and liabilities at fair value through profit or loss | 1,395.67a | 687.65a |
| Realized gains on financial assets at fair value through other comprehensive income | 500.96a | 324.79a |
| Net sales revenue | — | — |
| Sales revenue | 223,340.59a | 225,218.6a |
| Sales returns | -998.01a | -2,354.42a |
| Sales discounts and allowances | -3,329.8a | -3,137.52a |
| Rental revenue | 20,495.22a | 19,248.4a |
| Service revenue | 2,431.94a | 2,639.54a |
| Gains on disposals of property, plant and equipment | 709.26a | 186.73a |
| Income from investment property | 400.02a | 141.98a |
| Foreign exchange gains | 246.62a | 711.75a |
| Other income | 1,918.33a | 1,337.73a |
| Reversal gains on expected credit of investment | 0.12a | 0.23a |
| Unrealized profits from sales | -82.16a | -69.32a |
| Realized profits from sales | 69.32a | 44.7a |
| Total revenues | 282,801.57a | 279,477.27a |
| Expenses | — | — |
| Interest expenses | -7,165.52a | -5,741.11a |
| Underwriting expenses | -1.4a | -1.99a |
| Commission expenses | -4,474.13a | -5,064.72a |
| Claims payment | -4,294.95a | -12,625.24a |
| Net changes in other insurance liabilities | -485.83a | -9,413.91a |
| Cost of sales | -195,195.82a | -195,695.96a |
| Cost of rental revenue | -16,166.07a | -15,039.05a |
| Cost of services | -2,330.34a | -2,345.5a |
| Operating expenses | — | — |
| Selling expenses | -11,182.46a | -10,819.87a |
| General and administrative expenses | -8,214.27a | -7,740.12a |
| Research and development expenses | -260.69a | -136.13a |
| Expected credit impairment losses of non-investment | -5,566.86a | -3,446.41a |
| Expenses and losses from investment property | -36.23a | -23.87a |
| Losses on reclassification under the overlay approach | -228.39a | -465.76a |
| Other expenses | -288.66a | -246.8a |
| Total expenses | -254,919.93a | -249,978.61a |
| Income before income tax from continuing operations | 27,881.63a | 29,498.66a |
| Income tax expense | -3,931.15a | -3,368.35a |
| Profit for the year | 23,950.49a | 26,130.32a |
| Profit attributable to | — | — |
| Owners of parent | 20,467.03a | 22,857.68a |
| Non-controlling interests | 3,483.46a | 3,272.64a |
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