Asia Supply Chain 100

Findings

Top 100 continue to grow amid uncertainties

Asia Supply Chain 100 (ASC100) 2022 selected the top 100 tech companies in Asia, which were able to manage uncertainties and succeed. Based on these 100 corporate stories and the ranking, we have summed up our three key findings as follows: (View the 2022 ASC100 Ranks)

Finding 1: Paradigm shifts
The increasing number of automotive manufacturing and semiconductor companies on the list highlights upcoming paradigm shifts in high tech sector.

Finding 2: Uncertainties ahead
The rebound from COVID-19 does not enter the “new normal” era; supply chains are facing a high degree of uncertainties

Finding 3: Corporate investment
The future development of the supply chains in Southeast/South Asia still depends on the investment and alliances of East Asian companies.

Total revenue of ASC 100

The number of Chinese companies in the ASC100 list

5 companies in the top 10 are in this industry

Consumer electronics is the only sector that shows declining profits in 2021

The country has the highest average profit margin

Insights

2022 ASC 100: Winning in time of uncertainty

2022 ASC 100: Toyota Motor reigning in top 10 for the 2nd year

2022 ASC 100: Semiconductor companies lead well in profit margin

2022 ASC 100: Auto components suppliers emerge as newcomers

Ranks

Revenue

With ever-changing global industrial landscape, the revenue ranking helps reflects each company's relative status in the supply chains in Asia, which has become the world's industrial production base over the past decades.

2021 Rank	2020 Rank	Company	Country	Industry	2021 Revenue ($M)
1	1	Toyota Motor	Japan	Automotive Manufacturing	282,073
2	2	Samsung Electronics	South Korea	Tech Products and Equipment	243,922
3	3	Foxconn	Taiwan	Tech Products and Equipment	214,657
4	4	Honda Motor	Japan	Automotive Manufacturing	130,303
5	5	SAIC Motor	China	Automotive Manufacturing	120,975
6	6	Hyundai Motor	South Korea	Automotive Manufacturing	102,723
7	8	Hitachi	Japan	Machinery	92,082
8	7	Sony	Japan	Consumer Electronics	89,753
9	9	Nissan Motor	Japan	Automotive Manufacturing	79,383
10	12	Lenovo Group	China	Tech Products and Equipment	70,555
11	11	Foxconn Industrial Internet	China	Tech Products and Equipment	68,201
12	14	LG Electronics	South Korea	Consumer Electronics	66,086
13	10	Panasonic	Japan	Consumer Electronics	66,037
14	15	Kia	South Korea	Automotive Manufacturing	61,061
15	18	TSMC	Taiwan	Semiconductor	56,840
16	19	Midea	China	Consumer Electronics	53,230
17	21	Xiaomi	China	Tech Products and Equipment	50,915
18	17	Denso	Japan	Automotive Components and Equipment	49,552
19	16	Pegatron	Taiwan	Tech Products and Equipment	45,280
20	22	Compal Electronics Inc	Taiwan	Tech Products and Equipment	44,255
21	20	Quanta Computer Inc	Taiwan	Tech Products and Equipment	40,441
22	24	Tata Motors	India	Automotive Manufacturing	38,606
23	33	SK Hynix	South Korea	Semiconductor	37,461
24	26	Hyundai Mobis	South Korea	Automotive Components and Equipment	36,402
25	25	Aisin	Japan	Automotive Components and Equipment	35,454
26	27	Haier Smart Home	China	Consumer Electronics	35,284
27	23	Mitsubishi Heavy Industries	Japan	Machinery	34,137
28	42	BOE Technology	China	Electronic Components	34,009
29	38	BYD	China	Automotive Manufacturing	33,549
30	28	Suzuki Motor	Japan	Automotive Manufacturing	32,629
31	29	Canon	Japan	Tech Products and Equipment	31,981
32	30	Wistron	Taiwan	Tech Products and Equipment	30,876
33	31	Sumitomo Electric Industries	Japan	Automotive Components and Equipment	30,028
34	36	Gree Electric Appliances	China	Consumer Electronics	29,419
35	32	Mazda Motor	Japan	Automotive Manufacturing	28,197
36	35	BAIC Motor	China	Automotive Manufacturing	27,290
37	40	LG Display	South Korea	Electronic Components	26,055
38	61	China International Marine Containers Group	China	Machinery	25,395
39	69	TCL Technology	China	Consumer Electronics	25,387
40	34	Subaru	Japan	Automotive Manufacturing	25,204
41	62	Luxshare Precision Industry	China	Electronic Components	23,940
42	41	Toyota Industries	Japan	Automotive Components and Equipment	23,316
43	37	Sharp/Japan	Japan	Consumer Electronics	22,789
44	39	FUJIFILM Holdings	Japan	Tech Products and Equipment	22,587
45	44	Isuzu Motors	Japan	Automotive Manufacturing	21,708
46	43	Huayu Automotive Systems	China	Automotive Components and Equipment	21,706
47	52	Great Wall Motor	China	Automotive Manufacturing	21,172
48	46	ASE Technology Holding	Taiwan	Semiconductor	20,415
49	101	CATL	China	Electrical Components	20,262
50	56	Asustek Computer	Taiwan	Tech Products and Equipment	19,167
51	45	Inventec	Taiwan	Tech Products and Equipment	18,613
52	53	ZTE	China	Tech Products and Equipment	17,761
53	70	MediaTek	Taiwan	Semiconductor	17,667
54	49	Dongfeng Motor Group	China	Automotive Manufacturing	17,508
55	59	Mitsubishi Motors	Japan	Automotive Manufacturing	17,478
56	64	Tokyo Electron	Japan	Semiconductor	17,093
57	51	Nidec	Japan	Electrical Components	16,749
58	58	Yamaha Motor	Japan	Automotive Manufacturing	16,516
59	66	Astra International	Indonesia	Automotive Manufacturing	16,318
60	65	Chongqing Changan Automobile	China	Automotive Manufacturing	16,299
61	50	Murata Manufacturing	Japan	Electronic Components	16,282
62	57	TDK	Japan	Electronic Components	16,240
63	54	Kyocera	Japan	Electronic Components	16,221
64	48	Ricoh	Japan	Tech Products and Equipment	16,104
65	63	Geely	China	Automotive Manufacturing	15,759
66		LG Energy Solution	South Korea	Electrical Components	15,616
67	60	Sichuan Changhong Electric	China	Consumer Electronics	15,452
68		FAW Jiefang Group	China	Automotive Manufacturing	15,278
69	71	BYD Electronic International	China	Tech Products and Equipment	13,811
70	55	Kawasaki Heavy Industries	Japan	Machinery	13,653
71	81	AUO	Taiwan	Electronic Components	13,272
72	74	Techtronic Industries	China	Machinery	13,203
73	93	LG Innotek	South Korea	Electronic Components	12,964
74	80	Hangzhou Hikvision Digital Technology	China	Tech Products and Equipment	12,637
75	68	JTEKT	Japan	Automotive Components and Equipment	12,620
76	67	Toyota Boshoku	Japan	Automotive Components and Equipment	12,597
77	95	LONGi Green Energy Technology	China	Semiconductor	12,559
78	82	Innolux	Taiwan	Electronic Components	12,532
79	89	GoerTek	China	Tech Products and Equipment	12,141
80	76	Samsung SDI	South Korea	Electrical Components	11,822
81	83	Guangzhou Automobile	China	Automotive Manufacturing	11,737
82	91	Mahindra & Mahindra	India	Automotive Manufacturing	11,594
83	87	LS	South Korea	Electrical Components	11,425
84	77	Acer	Taiwan	Tech Products and Equipment	11,422
85	75	Delta Electronics	Taiwan	Electronic Components	11,266
86	85	Maruti Suzuki India	India	Automotive Manufacturing	10,991
87	73	TPV Technology	China	Tech Products and Equipment	10,952
88	72	IHI	Japan	Machinery	10,620
89	104	Hisense Home Appliances Group	China	Consumer Electronics	10,478
90	84	Inspur Electronic Information Industry	China	Tech Products and Equipment	10,405
91	78	Seiko Epson	Japan	Tech Products and Equipment	10,244
92	79	MINEBEA MITSUMI	Japan	Machinery	9,875
93	114	TCL Electronics Holdings	China	Consumer Electronics	9,629
94	117	TBEA	China	Electrical Components	9,530
95	116	China Railway Materials	China	Automotive Manufacturing	9,174
96	111	Renesas	Japan	Semiconductor	9,025
97	107	Universal Scientific Industrial Shanghai	China	Tech Products and Equipment	8,584
98	86	FIH Mobile	China	Tech Products and Equipment	8,583
99	90	Fuji Electric	Japan	Electrical Components	8,546
100	88	Beiqi Foton Motor	China	Automotive Manufacturing	8,517
2021 Rank	2020 Rank	Company	Country	Industry	2021 Revenue ($M)

Profit

At a time when costs keep rising and supply chain bottlenecks linger, a company's relative profitability and its historical change reflects whether it was successful in overcoming cost and logistic challenges over the past year.

2021 Rank	2020 Rank	Company	Country	Industry	2021 Profit ($M)
1	1	Samsung Electronics	South Korea	Tech Products and Equipment	34,180
2	2	Toyota Motor	Japan	Automotive Manufacturing	28,192
3	3	TSMC	Taiwan	Semiconductor	21,360
4	7	SK Hynix	South Korea	Semiconductor	8,315
5	4	Sony	Japan	Consumer Electronics	7,925
6	5	Honda Motor	Japan	Automotive Manufacturing	7,257
7	6	Hitachi	Japan	Machinery	5,892
8	9	Foxconn	Taiwan	Tech Products and Equipment	4,990
9	8	Midea	China	Consumer Electronics	4,427
10	29	Hyundai Motor	South Korea	Automotive Manufacturing	4,351
11	26	Kia	South Korea	Automotive Manufacturing	4,159
12	49	BOE Technology	China	Electronic Components	4,005
13	21	MediaTek	Taiwan	Semiconductor	3,989
14	11	SAIC Motor	China	Automotive Manufacturing	3,800
15	14	Tokyo Electron	Japan	Semiconductor	3,591
16	10	Gree Electric Appliances	China	Consumer Electronics	3,580
17	13	Foxconn Industrial Internet	China	Tech Products and Equipment	3,111
18	12	Xiaomi	China	Tech Products and Equipment	2,994
19	15	Murata Manufacturing	Japan	Electronic Components	2,828
20	16	Hangzhou Hikvision Digital Technology	China	Tech Products and Equipment	2,609
21	30	Denso	Japan	Automotive Components and Equipment	2,511
22	48	CATL	China	Electrical Components	2,479
23	35	ASE Technology Holding	Taiwan	Semiconductor	2,291
24	82	AUO	Taiwan	Electronic Components	2,196
25	20	Panasonic	Japan	Consumer Electronics	2,099
26	23	Hyundai Mobis	South Korea	Automotive Components and Equipment	2,059
27	87	Innolux	Taiwan	Electronic Components	2,059
28	25	Haier Smart Home	China	Consumer Electronics	2,026
29	45	Canon	Japan	Tech Products and Equipment	1,952
30	17	FUJIFILM Holdings	Japan	Tech Products and Equipment	1,929
31	28	Lenovo Group	China	Tech Products and Equipment	1,878
32	19	Dongfeng Motor Group	China	Automotive Manufacturing	1,763
33	25	Toyota Industries	Japan	Automotive Components and Equipment	1,719
34	36	Asustek Computer	Taiwan	Tech Products and Equipment	1,595
35	52	TCL Technology	China	Consumer Electronics	1,557
36	22	Suzuki Motor	Japan	Automotive Manufacturing	1,541
37	34	Aisin	Japan	Automotive Components and Equipment	1,527
38	59	Yamaha Motor	Japan	Automotive Manufacturing	1,425
39	32	Astra International	Indonesia	Automotive Manufacturing	1,410
40	27	LONGi Green Energy Technology	China	Semiconductor	1,407
41	40	Kyocera	Japan	Electronic Components	1,325
42	31	Nidec	Japan	Electrical Components	1,265
43	39	Quanta Computer Inc	Taiwan	Tech Products and Equipment	1,205
44	86	Renesas	Japan	Semiconductor	1,147
45	38	Guangzhou Automobile	China	Automotive Manufacturing	1,138
46	105	TBEA	China	Electrical Components	1,125
47	48	TDK	Japan	Electronic Components	1,112
48	42	Techtronic Industries	China	Machinery	1,099
49	33	Luxshare Precision Industry	China	Electronic Components	1,098
50	63	Isuzu Motors	Japan	Automotive Manufacturing	1,078
51	100	Nissan Motor	Japan	Automotive Manufacturing	1,062
52	53	ZTE	China	Tech Products and Equipment	1,055
53	46	Great Wall Motor	China	Automotive Manufacturing	1,043
54	91	LG Display	South Korea	Electronic Components	1,038
55	47	China International Marine Containers Group	China	Machinery	1,026
56	60	Samsung SDI	South Korea	Electrical Components	1,015
57	44	Huayu Automotive Systems	China	Automotive Components and Equipment	1,003
58	57	Sumitomo Electric Industries	Japan	Automotive Components and Equipment	977
59	37	Delta Electronics	Taiwan	Electronic Components	959
60	18	LG Electronics	South Korea	Consumer Electronics	912
61	76	Mahindra & Mahindra	India	Automotive Manufacturing	797
62	65	Mitsubishi Heavy Industries	Japan	Machinery	796
63	79	LG Innotek	South Korea	Electronic Components	774
64	41	Geely	China	Automotive Manufacturing	752
65	58	Sharp/Japan	Japan	Consumer Electronics	751
66	51	Pegatron	Taiwan	Tech Products and Equipment	736
67		LG Energy Solution	South Korea	Electrical Components	714
68	95	Mazda Motor	Japan	Automotive Manufacturing	706
69	62	GoerTek	China	Tech Products and Equipment	662
70	64	Fuji Electric	Japan	Electrical Components	661
71	73	Seiko Epson	Japan	Tech Products and Equipment	653
72		FAW Jiefang Group	China	Automotive Manufacturing	603
73	72	BAIC Motor	China	Automotive Manufacturing	598
74	50	Subaru	Japan	Automotive Manufacturing	589
75	61	Chongqing Changan Automobile	China	Automotive Manufacturing	550
76	66	MINEBEA MITSUMI	Japan	Machinery	535
77	54	BYD	China	Automotive Manufacturing	472
78	81	IHI	Japan	Machinery	467
79	69	Compal Electronics Inc	Taiwan	Tech Products and Equipment	452
80	56	Maruti Suzuki India	India	Automotive Manufacturing	439
81	72	Toyota Boshoku	Japan	Automotive Components and Equipment	397
82	78	Acer	Taiwan	Tech Products and Equipment	390
83	70	Wistron	Taiwan	Tech Products and Equipment	375
84	43	BYD Electronic International	China	Tech Products and Equipment	357
85	77	Inspur Electronic Information Industry	China	Tech Products and Equipment	311
86	149	Universal Scientific Industrial Shanghai	China	Tech Products and Equipment	289
87	84	LS	South Korea	Electrical Components	243
88	74	Inventec	Taiwan	Tech Products and Equipment	234
89	89	JTEKT	Japan	Automotive Components and Equipment	228
90	83	TCL Electronics Holdings	China	Consumer Electronics	152
91	257	China Railway Materials	China	Automotive Manufacturing	152
92	160	Hisense Home Appliances Group	China	Consumer Electronics	150
93	96	Ricoh	Japan	Tech Products and Equipment	111
94	84	TPV Technology	China	Tech Products and Equipment	82
95	93	FIH Mobile	China	Tech Products and Equipment	56
96	90	Sichuan Changhong Electric	China	Consumer Electronics	44
97	94	Kawasaki Heavy Industries	Japan	Machinery	15
98	99	Mitsubishi Motors	Japan	Automotive Manufacturing	-245
99	88	Beiqi Foton Motor	China	Automotive Manufacturing	-793
100	98	Tata Motors	India	Automotive Manufacturing	-2,448
2021 Rank	2020 Rank	Company	Country	Industry	2021 Profit ($M)

Profit Margin

A high profit-margin is a product of a successful cost control and differential strategies of a company in an era when the inflation eats into earnings of most suppliers in the Asia-Pacific region.

2021 Rank	Company	Country	Industry	2021 Profit Margin
1	TSMC	Taiwan	Semiconductor	37.6%
2	MediaTek	Taiwan	Semiconductor	22.6%
3	SK Hynix	South Korea	Semiconductor	22.2%
4	Tokyo Electron	Japan	Semiconductor	21.0%
5	Hangzhou Hikvision Digital Technology	China	Tech Products and Equipment	20.6%
6	Murata Manufacturing	Japan	Electronic Components	17.4%
7	AUO	Taiwan	Electronic Components	16.5%
8	Innolux	Taiwan	Electronic Components	16.4%
9	Samsung Electronics	South Korea	Tech Products and Equipment	14.0%
10	Renesas	Japan	Semiconductor	12.7%
11	CATL	China	Electrical Components	12.2%
12	Gree Electric Appliances	China	Consumer Electronics	12.2%
13	TBEA	China	Electrical Components	11.8%
14	BOE Technology	China	Electronic Components	11.8%
15	ASE Technology Holding	Taiwan	Semiconductor	11.2%
16	LONGi Green Energy Technology	China	Semiconductor	11.2%
17	Dongfeng Motor Group	China	Automotive Manufacturing	10.1%
18	Toyota Motor	Japan	Automotive Manufacturing	10.0%
19	Guangzhou Automobile	China	Automotive Manufacturing	9.7%
20	Sony	Japan	Consumer Electronics	8.8%
21	Astra International	Indonesia	Automotive Manufacturing	8.6%
22	Yamaha Motor	Japan	Automotive Manufacturing	8.6%
23	Samsung SDI	South Korea	Electrical Components	8.6%
24	FUJIFILM Holdings	Japan	Tech Products and Equipment	8.5%
25	Delta Electronics	Taiwan	Electronic Components	8.5%
27	Midea	China	Consumer Electronics	8.3%
27	Asustek Computer	Taiwan	Tech Products and Equipment	8.3%
27	Techtronic Industries	China	Machinery	8.3%
29	Kyocera	Japan	Electronic Components	8.2%
30	Fuji Electric	Japan	Electrical Components	7.7%
31	Nidec	Japan	Electrical Components	7.6%
32	Toyota Industries	Japan	Automotive Components and Equipment	7.4%
33	Mahindra & Mahindra	India	Automotive Manufacturing	6.9%
34	TDK	Japan	Electronic Components	6.9%
35	Kia	South Korea	Automotive Manufacturing	6.8%
36	Hitachi	Japan	Machinery	6.4%
37	Seiko Epson	Japan	Tech Products and Equipment	6.4%
38	TCL Technology	China	Consumer Electronics	6.1%
39	Canon	Japan	Tech Products and Equipment	6.1%
40	LG Innotek	South Korea	Electronic Components	6.0%
41	ZTE	China	Tech Products and Equipment	5.9%
42	Xiaomi	China	Tech Products and Equipment	5.9%
43	Haier Smart Home	China	Consumer Electronics	5.7%
44	Hyundai Mobis	South Korea	Automotive Components and Equipment	5.7%
45	Honda Motor	Japan	Automotive Manufacturing	5.6%
46	GoerTek	China	Tech Products and Equipment	5.5%
47	MINEBEA MITSUMI	Japan	Machinery	5.4%
48	Denso	Japan	Automotive Components and Equipment	5.1%
49	Isuzu Motors	Japan	Automotive Manufacturing	5.0%
50	Great Wall Motor	China	Automotive Manufacturing	4.9%
51	Geely	China	Automotive Manufacturing	4.8%
52	Suzuki Motor	Japan	Automotive Manufacturing	4.7%
53	Huayu Automotive Systems	China	Automotive Components and Equipment	4.6%
54	Luxshare Precision Industry	China	Electronic Components	4.6%
55	LG Energy Solution	South Korea	Electrical Components	4.6%
56	Foxconn Industrial Internet	China	Tech Products and Equipment	4.6%
57	IHI	Japan	Machinery	4.4%
58	Aisin	Japan	Automotive Components and Equipment	4.3%
59	Hyundai Motor	South Korea	Automotive Manufacturing	4.2%
60	China International Marine Containers Group	China	Machinery	4.0%
61	Maruti Suzuki India	India	Automotive Manufacturing	4.0%
62	LG Display	South Korea	Electronic Components	4.0%
63	FAW Jiefang Group	China	Automotive Manufacturing	4.0%
64	Acer	Taiwan	Tech Products and Equipment	3.4%
65	Chongqing Changan Automobile	China	Automotive Manufacturing	3.4%
66	Universal Scientific Industrial Shanghai	China	Tech Products and Equipment	3.4%
67	Sharp/Japan	Japan	Consumer Electronics	3.3%
68	Sumitomo Electric Industries	Japan	Automotive Components and Equipment	3.3%
69	Panasonic	Japan	Consumer Electronics	3.2%
70	Toyota Boshoku	Japan	Automotive Components and Equipment	3.2%
71	SAIC Motor	China	Automotive Manufacturing	3.1%
72	Inspur Electronic Information Industry	China	Tech Products and Equipment	3.0%
73	Quanta Computer Inc	Taiwan	Tech Products and Equipment	3.0%
74	Lenovo Group	China	Tech Products and Equipment	2.7%
75	BYD Electronic International	China	Tech Products and Equipment	2.6%
76	Mazda Motor	Japan	Automotive Manufacturing	2.5%
77	Subaru	Japan	Automotive Manufacturing	2.3%
78	Mitsubishi Heavy Industries	Japan	Machinery	2.3%
79	Foxconn	Taiwan	Tech Products and Equipment	2.3%
80	BAIC Motor	China	Automotive Manufacturing	2.2%
81	LS	South Korea	Electrical Components	2.1%
82	JTEKT	Japan	Automotive Components and Equipment	1.8%
83	China Railway Materials	China	Automotive Manufacturing	1.7%
84	Pegatron	Taiwan	Tech Products and Equipment	1.6%
85	TCL Electronics Holdings	China	Consumer Electronics	1.6%
86	Hisense Home Appliances Group	China	Consumer Electronics	1.4%
87	BYD	China	Automotive Manufacturing	1.4%
88	LG Electronics	South Korea	Consumer Electronics	1.4%
89	Nissan Motor	Japan	Automotive Manufacturing	1.3%
90	Inventec	Taiwan	Tech Products and Equipment	1.3%
91	Wistron	Taiwan	Tech Products and Equipment	1.2%
92	Compal Electronics Inc	Taiwan	Tech Products and Equipment	1.0%
93	TPV Technology	China	Tech Products and Equipment	0.8%
94	Ricoh	Japan	Tech Products and Equipment	0.7%
95	FIH Mobile	China	Tech Products and Equipment	0.7%
96	Sichuan Changhong Electric	China	Consumer Electronics	0.3%
97	Kawasaki Heavy Industries	Japan	Machinery	0.1%
98	Mitsubishi Motors	Japan	Automotive Manufacturing	-1.4%
99	Tata Motors	India	Automotive Manufacturing	-6.3%
100	Beiqi Foton Motor	China	Automotive Manufacturing	-9.3%
2021 Rank	Company	Country	Industry	2021 Profit Margin

Industry
Comparison

Semiconductor industry has been in the spotlight due to the global chip shortage that has led to a chip-making investment boom, while despite of being struggling to get enough chips for years, the automobile and electronics manufacturers still benefit from the EV and digitization transformation.

By Revenue

By Profit

Cross Comparison

*The figure in parenthesis indicates the number of companies in the industry

Rank - Total Revenue	Industry	Total Revenue ($M)	Rank - Average Revenue	Industry	Average Revenue ($M)	Rank - Median Revenue	Industry	Median Revenue ($M)
1	Automotive Manufacturing (26)	1,172,044	1	Automotive Manufacturing (26)	45,079	1	Consumer Electronics (11)	29,419
2	Tech Products and Equipment (24)	1,034,093	2	Tech Products and Equipment (24)	43,087	2	Automotive Components and Equipment (8)	26,672
3	Consumer Electronics (11)	423,544	3	Consumer Electronics (11)	38,504	3	Automotive Manufacturing (26)	21,440
4	Automotive Components and Equipment (8)	221,675	4	Machinery (7)	28,424	4	Tech Products and Equipment (24)	18,890
5	Machinery (7)	198,967	5	Automotive Components and Equipment (8)	27,709	5	Semiconductor (7)	17,667
6	Electronic Components (10)	182,781	6	Semiconductor (7)	24,437	6	Electronic Components (10)	16,231
7	Semiconductor (7)	171,061	7	Electronic Components (10)	18,278	7	Machinery (7)	13,653
8	Electrical Components (7)	93,950	8	Electrical Components (7)	13,421	8	Electrical Components (7)	11,822

By Profit

By Revenue

Cross Comparison

*The figure in parenthesis indicates the number of companies in the industry

Rank - Total Profit	Industry	Total Profit ($M)	Rank - Average Profit	Industry	Average Profit ($M)	Rank - Median Profit	Industry	Median Profit ($M)
1	Tech Products and Equipment (24)	62,207	1	Semiconductor (7)	6,015	1	Semiconductor (7)	3,591
2	Automotive Manufacturing (26)	60,389	2	Tech Products and Equipment (24)	2,592	2	Consumer Electronics (11)	1,557
3	Semiconductor (7)	42,102	3	Automotive Manufacturing (26)	2,323	3	Automotive Components and Equipment (8)	1,265
4	Consumer Electronics (11)	23,624	4	Consumer Electronics (11)	2,148	4	Electronic Components (10)	1,219
5	Electronic Components (10)	17,394	5	Electronic Components (10)	1,739	5	Electrical Components (7)	1,015
6	Automotive Components and Equipment (8)	10,422	6	Machinery (7)	1,405	6	Automotive Manufacturing (26)	920
7	Machinery (7)	9,832	7	Automotive Components and Equipment (8)	1,303	7	Machinery (7)	796
8	Electrical Components (7)	7,502	8	Electrical Components (7)	1,072	8	Tech Products and Equipment (24)	699

By Market Cap

By Revenue

By Profit

Cross Comparison

*The figure in parenthesis indicates the number of companies in the industry

Rank - Total Market Cap	Industry	Total Market Cap ($M)	Rank - Average Market Cap	Industry	Average Market Cap ($M)	Rank - Median Market Cap	Industry	Median Market Cap ($M)
1	Semiconductor (7)	930,113	1	Semiconductor (7)	132,873	1	Semiconductor (7)	73,409
2	Automotive Manufacturing (17)	824,662	2	Electrical Components (3)	107,853	2	Electrical Components (3)	70,084
3	Tech Products and Equipment (10)	756,129	3	Tech Products and Equipment (10)	75,613	3	Tech Products and Equipment (10)	37,699
4	Consumer Electronics (7)	376,047	4	Consumer Electronics (7)	53,721	4	Machinery (1)	36,513
5	Electrical Components (3)	323,560	5	Automotive Manufacturing (17)	48,510	5	Consumer Electronics (7)	34,457
6	Electronic Components (6)	203,159	6	Machinery (1)	36,513	6	Electronic Components (6)	28,016
7	Automotive Components and Equipment (3)	99,536	7	Electronic Components (6)	33,860	7	Automotive Manufacturing (17)	27,367
8	Machinery (1)	36,513	8	Automotive Components and Equipment (3)	33,179	8	Automotive Components and Equipment (3)	20,226

Cross Comparison

By Revenue

By Profit

*The figure in parenthesis indicates the number of companies in the industry

Country
Comparison

While China and Japan vie for the top status in the Asia supply chains, Taiwan and South Korea hold positions that cannot be ignored. The world is still watching closely the emergence of Southeast and South Asia countries amid the global supply chain relocation.

By Revenue

By Profit

Cross Comparison

*The figure in parenthesis indicates the number of companies in the country

By Profit

By Revenue

Cross Comparison

*The figure in parenthesis indicates the number of companies in the country

By Market Cap

By Revenue

By Profit

Cross Comparison

*The figure in parenthesis indicates the number of companies in the country

Cross Comparison

By Revenue

By Profit

South / Southeast
Asian Ranks

As the Asia supply chains are developing towards a China+n landscape, regional powerhouses in South and Southeast Asia with a strong foundation in the automotive, electronic, and electrical industries are raring to go. The once-in-decades shift in the supply chains might give them the chance to narrow the gap between them and international companies.

India

Malaysia

Singapore

Thailand

Vietnam

Indonesia

Philippines

Country Rank	Company	Industry	Revenue ($M)	Profit ($M)	Profit Margin
1	Tata Motors	Automotive Manufacturing	38,606	-2,448	-6.3%
2	Mahindra & Mahindra	Automotive Manufacturing	11,594	797	6.9%
3	Maruti Suzuki India	Automotive Manufacturing	10,991	439	4.0%
4	Motherson Sumi Systems	Automotive Components and Equipment	8,492	199	2.3%
5	Bajaj Auto	Automotive Manufacturing	4,439	837	18.9%
6	Hero MotoCorp	Automotive Manufacturing	4,159	350	8.4%
7	Sundaram-Clayton	Automotive Components and Equipment	3,398	59	1.7%
8	TVS Motor	Automotive Manufacturing	3,232	107	3.3%
9	Exide Industries	Automotive Components and Equipment	2,190	99	4.5%
10	Siemens India	Machinery	1,906	142	7.4%
11	Havells India	Electrical Components	1,738	155	8.9%
12	Varroc Engineering	Automotive Components and Equipment	1,723	-127	-7.4%
13	Bosch India	Automotive Components and Equipment	1,581	183	11.6%
14	Tube Investments of India	Automotive Components and Equipment	1,569	96	6.1%
15	Polycab India	Electrical Components	1,542	118	7.6%
Country Rank	Company	Industry	Revenue ($M)	Profit ($M)	Profit Margin

Malaysia

India

Singapore

Thailand

Vietnam

Indonesia

Philippines

Country Rank	Company	Industry	Revenue ($M)	Profit ($M)	Profit Margin
1	DRB-Hicom	Automotive Manufacturing	2,989	-66	-2.2%
2	UMW Holdings	Automotive Manufacturing	2,670	82	3.1%
3	VS Industry	Tech Products and Equipment	962	48	5.0%
4	Metrod Holdings	Electrical Components	846	2	0.2%
5	Oriental Holdings	Automotive Manufacturing	789	78	9.9%
6	ATA IMS	Tech Products and Equipment	759	11	1.4%
7	Tan Chong Motor Holdings	Automotive Manufacturing	612	-4	-0.6%
8	Malaysian Pacific Industries	Semiconductor	544	76	14.0%
9	SKP Resources	Electronic Components	527	36	6.8%
10	Unisem M	Semiconductor	379	48	12.6%
11	Inari Amertron	Tech Products and Equipment	375	93	24.7%
12	APM Automotive Holdings	Automotive Components and Equipment	296	-3	-0.9%
13	Texchem Resources	Machinery	262	6	2.3%
14	JCY International	Tech Products and Equipment	260	-3	-1.1%
15	PIE Industrial	Electrical Components	247	15	5.9%
Country Rank	Company	Industry	Revenue ($M)	Profit ($M)	Profit Margin

Singapore

India

Malaysia

Thailand

Vietnam

Indonesia

Philippines

Country Rank	Company	Industry	Revenue ($M)	Profit ($M)	Profit Margin
1	Jardine Cycle ＆ Carriage	Machinery	17,688	661	3.7%
2	Venture Corp	Tech Products and Equipment	2,311	232	10.0%
3	Kulicke & Soffa Industries	Semiconductor	1,711	452	26.5%
4	Razer	Tech Products and Equipment	1,620	46	2.9%
5	Maxeon Solar Technologies	Semiconductor	783	-255	-32.5%
6	Aztech Global	Tech Products and Equipment	464	55	11.9%
7	AEM Holdings	Semiconductor	420	68	16.3%
8	Broadway Industrial Group	Tech Products and Equipment	351	11	3.2%
9	XP Power	Electrical Components	331	31	9.4%
10	Hengxin Technology	Tech Products and Equipment	252	11	4.4%
11	Tai Sin Electric	Electrical Components	252	6	2.2%
12	Technovator International	Tech Products and Equipment	251	7	2.8%
13	UMS Holdings	Semiconductor	202	40	19.7%
14	Spindex Industries	Machinery	160	15	9.6%
15	Fu Yu Corp	Machinery	145	13	9.0%
Country Rank	Company	Industry	Revenue ($M)	Profit ($M)	Profit Margi

Thailand

India

Malaysia

Singapore

Vietnam

Indonesia

Philippines

Country Rank	Company	Industry	Revenue ($M)	Profit ($M)	Profit Margin
1	Cal-Comp Electronics Thailand PCL	Tech Products and Equipment	3,943	9	0.2%
2	Delta Electronics Thailand	Electronic Components	2,633	210	8.0%
3	Fabrinet	Tech Products and Equipment	2,099	173	8.3%
4	STARK Corp PCL	Electrical Components	839	86	10.3%
5	Hana Microelectronics PCL	Tech Products and Equipment	743	49	6.6%
6	AAPICO Hitech PCL	Automotive Components and Equipment	640	33	5.1%
7	SVI PCL	Tech Products and Equipment	541	43	8.0%
8	Muramoto Electron Thailand PCL	Electronic Components	536	19	3.6%
9	SNC Former PCL	Machinery	482	20	4.1%
10	KCE Electronics PCL	Electronic Components	466	76	16.2%
11	Thai Stanley Electric PCL	Automotive Components and Equipment	426	51	11.9%
12	Somboon Advance Technology PCL	Automotive Components and Equipment	269	30	11.2%
13	Forth Corp PCL	Tech Products and Equipment	266	23	8.5%
14	Kang Yong Electric PCL	Consumer Electronics	244	18	7.5%
15	Fine Metal Technologies PCL	Machinery	230	7	3.0%
Country Rank	Company	Industry	Revenue ($M)	Profit ($M)	Profit Margin

Vietnam

India

Malaysia

Singapore

Thailand

Indonesia

Philippines

Country Rank	Company	Industry	Revenue ($M)	Profit ($M)	Profit Margin
1	Gelex Group JSC	Electrical Components	1,247	45	3.6%
2	Vietnam Electric Cable	Electrical Components	457	15	3.2%
3	Refrigeration Electrical Engineering	Machinery	253	81	32.0%
4	RangDong Light Source and Vacuum Flask JSC	Electrical Components	249	17	7.0%
5	Dry Cell ＆ Storage Battery JSC	Automotive Components and Equipment	133	8	5.7%
6	Bamboo Capital JSC	Machinery	113	27	23.5%
7	TMT Automobile JSC	Automotive Manufacturing	110	2	1.7%
8	Electrical Equipment JSC	Electrical Components	105	4	3.4%
9	Taya Vietnam Electric Wire and Cable JSC	Electrical Components	93	3	3.2%
10	Vinacomin - Machinery JSC	Machinery	90	0	0.5%
11	SAM Holdings	Electrical Components	82	7	8.2%
12	Nagakawa Viet Nam JSC	Consumer Electronics	61	1	1.3%
13	Post ＆ Telecommunication Equipment JSC	Tech Products and Equipment	49	1	1.2%
14	Searefico JSC	Machinery	41	1	3.2%
15	Son Ha Sai Gon JSC	Machinery	40	1	1.9%
Country Rank	Company	Industry	Revenue ($M)	Profit ($M)	Profit Margin

Philippines

India

Malaysia

Singapore

Thailand

Indonesia

Philippines

Country Rank	Company	Industry	Revenue ($M)	Profit ($M)	Profit Margin
1	Ayala Corp	Machinery	4,573	561	12.3%
2	GT Capital Holdings	Machinery	3,216	224	7.0%
3	Integrated Micro-Electronics	Tech Products and Equipment	1,301	-11	-0.8%
4	SFA Semicon Philippines Corp	Semiconductor	347	13	3.7%
5	Panasonic Manufacturing Philippines	Consumer Electronics	260	8	3.0%
6	Ionics Inc/Philippines	Tech Products and Equipment	62	3	4.2%
Country Rank	Company	Industry	Revenue ($M)	Profit ($M)	Profit Margin

Indonesia

India

Malaysia

Singapore

Thailand

Vietnam

Philippines

Country Rank	Company	Industry	Revenue ($M)	Profit ($M)	Profit Margin
1	Astra International	Automotive Manufacturing	16,318	1,410	8.6%
2	Astra Otoparts	Automotive Components and Equipment	1,059	43	4.0%
3	Tembaga Mulia Semanan	Electrical Components	721	7	1.0%
4	Supreme Cable Manufacturing	Electrical Components	351	10	2.8%
5	Selamat Sempurna	Automotive Components and Equipment	291	46	15.9%
6	Sumi Indo Kabel	Electrical Components	221	1	0.3%
7	Dharma Polimetal	Automotive Components and Equipment	204	21	10.3%
8	Sat Nusapersada	Electronic Components	160	6	3.6%
9	Jembo Cable	Electrical Components	120	-3	-2.7%
10	Voksel Electric	Electrical Components	120	-15	-12.3%
Country Rank	Company	Industry	Revenue ($M)	Profit ($M)	Profit Margin

Methodology

Asia Supply Chain 100 is a ranking of Asia-based listed companies in the electronics, information & communication technology, machinery, and automobile industries. Companies are ranked by their 12-month financials consolidated in US dollars.

Screening standards

Surveyed companies are screened by country and industry. Companies included in ASC 100 are from China(includes Hong Kong), Taiwan, Japan, South Korea, Malaysia, Singapore, Thailand, Philippines, Vietnam, or India, and created their primary revenue sources from semiconductors, electronic components, tech products and equipment, consumer electronics, electrical components, machinery, automotive components and equipment, and automotive manufacturing.

Financials

Companies are ranked by their 12-month financials for the latest four-quarter, two semi-year, or one annual period available to DIGITIMES on April 30, and DIGITIMES ranks financial metrics according to the consolidated financials of the surveyed companies, inclusive of subsidiaries. Parent companies and subsidiaries are ranked separately if both are listed companies.

100

Based on information published before May 1, 2022, the survey selects and ranks the top 100 companies in terms of revenue for the comparable 12-month financial data, naming them the "Asia Supply Chain 100." DIGITIMES then ranks these top 100 companies based on revenue.