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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

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 Rank2020 RankCompanyCountryIndustry2021 Revenue ($M)
11Toyota MotorJapanAutomotive Manufacturing282,073
22Samsung ElectronicsSouth KoreaTech Products and Equipment243,922
33FoxconnTaiwanTech Products and Equipment214,657
44Honda MotorJapanAutomotive Manufacturing130,303
55SAIC MotorChinaAutomotive Manufacturing120,975
66Hyundai MotorSouth KoreaAutomotive Manufacturing102,723
78HitachiJapanMachinery92,082
87SonyJapanConsumer Electronics89,753
99Nissan MotorJapanAutomotive Manufacturing79,383
1012Lenovo GroupChinaTech Products and Equipment70,555
1111Foxconn Industrial InternetChinaTech Products and Equipment68,201
1214LG ElectronicsSouth KoreaConsumer Electronics66,086
1310PanasonicJapanConsumer Electronics66,037
1415KiaSouth KoreaAutomotive Manufacturing61,061
1518TSMCTaiwanSemiconductor56,840
1619Midea GroupChinaConsumer Electronics53,230
1721XiaomiChinaTech Products and Equipment50,915
1817DensoJapanAutomotive Components and Equipment49,552
1916PegatronTaiwanTech Products and Equipment45,280
2022Compal Electronics IncTaiwanTech Products and Equipment44,255
2120Quanta Computer IncTaiwanTech Products and Equipment40,441
2224Tata MotorsIndiaAutomotive Manufacturing38,606
2333SK HynixSouth KoreaSemiconductor37,461
2426Hyundai MobisSouth KoreaAutomotive Components and Equipment36,402
2525AisinJapanAutomotive Components and Equipment35,454
2627Haier Smart HomeChinaConsumer Electronics35,284
2723Mitsubishi Heavy IndustriesJapanMachinery34,137
2842BOE Technology GroupChinaElectronic Components34,009
2938BYDChinaAutomotive Manufacturing33,549
3028Suzuki MotorJapanAutomotive Manufacturing32,629
3129CanonJapanTech Products and Equipment31,981
3230WistronTaiwanTech Products and Equipment30,876
3331Sumitomo Electric IndustriesJapanAutomotive Components and Equipment30,028
3436Gree Electric AppliancesChinaConsumer Electronics29,419
3532Mazda MotorJapanAutomotive Manufacturing28,197
3635BAIC MotorChinaAutomotive Manufacturing27,290
3740LG DisplaySouth KoreaElectronic Components26,055
3861China International Marine Containers GroupChinaMachinery25,395
3969TCL TechnologyChinaConsumer Electronics25,387
4034SubaruJapanAutomotive Manufacturing25,204
4162Luxshare Precision IndustryChinaElectronic Components23,940
4241Toyota IndustriesJapanAutomotive Components and Equipment23,316
4337Sharp/JapanJapanConsumer Electronics22,789
4439FUJIFILM HoldingsJapanTech Products and Equipment22,587
4544Isuzu MotorsJapanAutomotive Manufacturing21,708
4643Huayu Automotive SystemsChinaAutomotive Components and Equipment21,706
4752Great Wall MotorChinaAutomotive Manufacturing21,172
4846ASE Technology HoldingTaiwanSemiconductor20,415
49101CATLChinaElectrical Components20,262
5056Asustek ComputerTaiwanTech Products and Equipment19,167
5145InventecTaiwanTech Products and Equipment18,613
5253ZTEChinaTech Products and Equipment17,761
5370MediaTek IncTaiwanSemiconductor17,667
5449Dongfeng Motor GroupChinaAutomotive Manufacturing17,508
5559Mitsubishi MotorsJapanAutomotive Manufacturing17,478
5664Tokyo ElectronJapanSemiconductor17,093
5751NidecJapanElectrical Components16,749
5858Yamaha MotorJapanAutomotive Manufacturing16,516
5966Astra InternationalIndonesiaAutomotive Manufacturing16,318
6065Chongqing Changan AutomobileChinaAutomotive Manufacturing16,299
6150Murata ManufacturingJapanElectronic Components16,282
6257TDKJapanElectronic Components16,240
6354KyoceraJapanElectronic Components16,221
6448RicohJapanTech Products and Equipment16,104
6563Geely ChinaAutomotive Manufacturing15,759
66LG Energy SolutionSouth KoreaElectrical Components15,616
6760Sichuan Changhong ElectricChinaConsumer Electronics15,452
68FAW Jiefang GroupChinaAutomotive Manufacturing15,278
6971BYD Electronic InternationalChinaTech Products and Equipment13,811
7055Kawasaki Heavy IndustriesJapanMachinery13,653
7181AUOTaiwanElectronic Components13,272
7274Techtronic IndustriesChinaMachinery13,203
7393LG InnotekSouth KoreaElectronic Components12,964
7480Hangzhou Hikvision Digital TechnologyChinaTech Products and Equipment12,637
7568JTEKTJapanAutomotive Components and Equipment12,620
7667Toyota BoshokuJapanAutomotive Components and Equipment12,597
7795LONGi Green Energy TechnologyChinaSemiconductor12,559
7882InnoluxTaiwanElectronic Components12,532
7989GoerTekChinaTech Products and Equipment12,141
8076Samsung SDISouth KoreaElectrical Components11,822
8183Guangzhou Automobile GroupChinaAutomotive Manufacturing11,737
8291Mahindra & MahindraIndiaAutomotive Manufacturing11,594
8387LSSouth KoreaElectrical Components11,425
8477AcerTaiwanTech Products and Equipment11,422
8575Delta ElectronicsTaiwanElectronic Components11,266
8685Maruti Suzuki IndiaIndiaAutomotive Manufacturing10,991
8773TPV TechnologyChinaTech Products and Equipment10,952
8872IHIJapanMachinery10,620
89104Hisense Home Appliances GroupChinaConsumer Electronics10,478
9084Inspur Electronic Information IndustryChinaTech Products and Equipment10,405
9178Seiko EpsonJapanTech Products and Equipment10,244
9279MINEBEA MITSUMIJapanMachinery9,875
93114TCL Electronics HoldingsChinaConsumer Electronics9,629
94117TBEAChinaElectrical Components9,530
95116China Railway MaterialsChinaAutomotive Manufacturing9,174
96111Renesas ElectronicsJapanSemiconductor9,025
97107Universal Scientific Industrial ShanghaiChinaTech Products and Equipment8,584
9886FIH MobileChinaTech Products and Equipment8,583
9990Fuji ElectricJapanElectrical Components8,546
10088Beiqi Foton MotorChinaAutomotive Manufacturing8,517
2021 Rank2020 RankCompanyCountryIndustry2021 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 Rank2020 RankCompanyCountryIndustry2021 Profit ($M)
11Samsung ElectronicsSouth KoreaTech Products and Equipment34,180
22Toyota MotorJapanAutomotive Manufacturing28,192
33TSMCTaiwanSemiconductor21,360
47SK HynixSouth KoreaSemiconductor8,315
54SonyJapanConsumer Electronics7,925
65Honda MotorJapanAutomotive Manufacturing7,257
76HitachiJapanMachinery5,892
89FoxconnTaiwanTech Products and Equipment4,990
98Midea GroupChinaConsumer Electronics4,427
1029Hyundai MotorSouth KoreaAutomotive Manufacturing4,351
1126KiaSouth KoreaAutomotive Manufacturing4,159
1249BOE Technology GroupChinaElectronic Components4,005
1321MediaTek IncTaiwanSemiconductor3,989
1411SAIC MotorChinaAutomotive Manufacturing3,800
1514Tokyo ElectronJapanSemiconductor3,591
1610Gree Electric AppliancesChinaConsumer Electronics3,580
1713Foxconn Industrial InternetChinaTech Products and Equipment3,111
1812XiaomiChinaTech Products and Equipment2,994
1915Murata ManufacturingJapanElectronic Components2,828
2016Hangzhou Hikvision Digital TechnologyChinaTech Products and Equipment2,609
2130DensoJapanAutomotive Components and Equipment2,511
2248CATLChinaElectrical Components2,479
2335ASE Technology HoldingTaiwanSemiconductor2,291
2482AUOTaiwanElectronic Components2,196
2520PanasonicJapanConsumer Electronics2,099
2623Hyundai MobisSouth KoreaAutomotive Components and Equipment2,059
2787InnoluxTaiwanElectronic Components2,059
2825Haier Smart HomeChinaConsumer Electronics2,026
2945CanonJapanTech Products and Equipment1,952
3017FUJIFILM HoldingsJapanTech Products and Equipment1,929
3128Lenovo GroupChinaTech Products and Equipment1,878
3219Dongfeng Motor GroupChinaAutomotive Manufacturing1,763
3325Toyota IndustriesJapanAutomotive Components and Equipment1,719
3436Asustek ComputerTaiwanTech Products and Equipment1,595
3552TCL TechnologyChinaConsumer Electronics1,557
3622Suzuki MotorJapanAutomotive Manufacturing1,541
3734AisinJapanAutomotive Components and Equipment1,527
3859Yamaha MotorJapanAutomotive Manufacturing1,425
3932Astra InternationalIndonesiaAutomotive Manufacturing1,410
4027LONGi Green Energy TechnologyChinaSemiconductor1,407
4140KyoceraJapanElectronic Components1,325
4231NidecJapanElectrical Components1,265
4339Quanta Computer IncTaiwanTech Products and Equipment1,205
4486Renesas ElectronicsJapanSemiconductor1,147
4538Guangzhou Automobile GroupChinaAutomotive Manufacturing1,138
46105TBEAChinaElectrical Components1,125
4748TDKJapanElectronic Components1,112
4842Techtronic IndustriesChinaMachinery1,099
4933Luxshare Precision IndustryChinaElectronic Components1,098
5063Isuzu MotorsJapanAutomotive Manufacturing1,078
51100Nissan MotorJapanAutomotive Manufacturing1,062
5253ZTEChinaTech Products and Equipment1,055
5346Great Wall MotorChinaAutomotive Manufacturing1,043
5491LG DisplaySouth KoreaElectronic Components1,038
5547China International Marine Containers GroupChinaMachinery1,026
5660Samsung SDISouth KoreaElectrical Components1,015
5744Huayu Automotive SystemsChinaAutomotive Components and Equipment1,003
5857Sumitomo Electric IndustriesJapanAutomotive Components and Equipment977
5937Delta ElectronicsTaiwanElectronic Components959
6018LG ElectronicsSouth KoreaConsumer Electronics912
6176Mahindra & MahindraIndiaAutomotive Manufacturing797
6265Mitsubishi Heavy IndustriesJapanMachinery796
6379LG InnotekSouth KoreaElectronic Components774
6441Geely ChinaAutomotive Manufacturing752
6558Sharp/JapanJapanConsumer Electronics751
6651PegatronTaiwanTech Products and Equipment736
67LG Energy SolutionSouth KoreaElectrical Components714
6895Mazda MotorJapanAutomotive Manufacturing706
6962GoerTekChinaTech Products and Equipment662
7064Fuji ElectricJapanElectrical Components661
7173Seiko EpsonJapanTech Products and Equipment653
72FAW Jiefang GroupChinaAutomotive Manufacturing603
7372BAIC MotorChinaAutomotive Manufacturing598
7450SubaruJapanAutomotive Manufacturing589
7561Chongqing Changan AutomobileChinaAutomotive Manufacturing550
7666MINEBEA MITSUMIJapanMachinery535
7754BYDChinaAutomotive Manufacturing472
7881IHIJapanMachinery467
7969Compal Electronics IncTaiwanTech Products and Equipment452
8056Maruti Suzuki IndiaIndiaAutomotive Manufacturing439
8172Toyota BoshokuJapanAutomotive Components and Equipment397
8278AcerTaiwanTech Products and Equipment390
8370WistronTaiwanTech Products and Equipment375
8443BYD Electronic InternationalChinaTech Products and Equipment357
8577Inspur Electronic Information IndustryChinaTech Products and Equipment311
86149Universal Scientific Industrial ShanghaiChinaTech Products and Equipment289
8784LSSouth KoreaElectrical Components243
8874InventecTaiwanTech Products and Equipment234
8989JTEKTJapanAutomotive Components and Equipment228
9083TCL Electronics HoldingsChinaConsumer Electronics152
91257China Railway MaterialsChinaAutomotive Manufacturing152
92160Hisense Home Appliances GroupChinaConsumer Electronics150
9396RicohJapanTech Products and Equipment111
9484TPV TechnologyChinaTech Products and Equipment82
9593FIH MobileChinaTech Products and Equipment56
9690Sichuan Changhong ElectricChinaConsumer Electronics44
9794Kawasaki Heavy IndustriesJapanMachinery15
9899Mitsubishi MotorsJapanAutomotive Manufacturing-245
9988Beiqi Foton MotorChinaAutomotive Manufacturing-793
10098Tata MotorsIndiaAutomotive Manufacturing-2,448
2021 Rank2020 RankCompanyCountryIndustry2021 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 RankCompanyCountryIndustry2021 Profit Margin
1TSMCTaiwanSemiconductor37.6%
2MediaTek IncTaiwanSemiconductor22.6%
3SK HynixSouth KoreaSemiconductor22.2%
4Tokyo ElectronJapanSemiconductor21.0%
5Hangzhou Hikvision Digital TechnologyChinaTech Products and Equipment20.6%
6Murata ManufacturingJapanElectronic Components17.4%
7AUOTaiwanElectronic Components16.5%
8InnoluxTaiwanElectronic Components16.4%
9Samsung ElectronicsSouth KoreaTech Products and Equipment14.0%
10Renesas ElectronicsJapanSemiconductor12.7%
11CATLChinaElectrical Components12.2%
12Gree Electric AppliancesChinaConsumer Electronics12.2%
13TBEAChinaElectrical Components11.8%
14BOE Technology GroupChinaElectronic Components11.8%
15ASE Technology HoldingTaiwanSemiconductor11.2%
16LONGi Green Energy TechnologyChinaSemiconductor11.2%
17Dongfeng Motor GroupChinaAutomotive Manufacturing10.1%
18Toyota MotorJapanAutomotive Manufacturing10.0%
19Guangzhou Automobile GroupChinaAutomotive Manufacturing9.7%
20SonyJapanConsumer Electronics8.8%
21Astra InternationalIndonesiaAutomotive Manufacturing8.6%
22Yamaha MotorJapanAutomotive Manufacturing8.6%
23Samsung SDISouth KoreaElectrical Components8.6%
24FUJIFILM HoldingsJapanTech Products and Equipment8.5%
25Delta ElectronicsTaiwanElectronic Components8.5%
27Midea GroupChinaConsumer Electronics8.3%
27Asustek ComputerTaiwanTech Products and Equipment8.3%
27Techtronic IndustriesChinaMachinery8.3%
29KyoceraJapanElectronic Components8.2%
30Fuji ElectricJapanElectrical Components7.7%
31NidecJapanElectrical Components7.6%
32Toyota IndustriesJapanAutomotive Components and Equipment7.4%
33Mahindra & MahindraIndiaAutomotive Manufacturing6.9%
34TDKJapanElectronic Components6.9%
35KiaSouth KoreaAutomotive Manufacturing6.8%
36HitachiJapanMachinery6.4%
37Seiko EpsonJapanTech Products and Equipment6.4%
38TCL TechnologyChinaConsumer Electronics6.1%
39CanonJapanTech Products and Equipment6.1%
40LG InnotekSouth KoreaElectronic Components6.0%
41ZTEChinaTech Products and Equipment5.9%
42XiaomiChinaTech Products and Equipment5.9%
43Haier Smart HomeChinaConsumer Electronics5.7%
44Hyundai MobisSouth KoreaAutomotive Components and Equipment5.7%
45Honda MotorJapanAutomotive Manufacturing5.6%
46GoerTekChinaTech Products and Equipment5.5%
47MINEBEA MITSUMIJapanMachinery5.4%
48DensoJapanAutomotive Components and Equipment5.1%
49Isuzu MotorsJapanAutomotive Manufacturing5.0%
50Great Wall MotorChinaAutomotive Manufacturing4.9%
51Geely ChinaAutomotive Manufacturing4.8%
52Suzuki MotorJapanAutomotive Manufacturing4.7%
53Huayu Automotive SystemsChinaAutomotive Components and Equipment4.6%
54Luxshare Precision IndustryChinaElectronic Components4.6%
55LG Energy SolutionSouth KoreaElectrical Components4.6%
56Foxconn Industrial InternetChinaTech Products and Equipment4.6%
57IHIJapanMachinery4.4%
58AisinJapanAutomotive Components and Equipment4.3%
59Hyundai MotorSouth KoreaAutomotive Manufacturing4.2%
60China International Marine Containers GroupChinaMachinery4.0%
61Maruti Suzuki IndiaIndiaAutomotive Manufacturing4.0%
62LG DisplaySouth KoreaElectronic Components4.0%
63FAW Jiefang GroupChinaAutomotive Manufacturing4.0%
64AcerTaiwanTech Products and Equipment3.4%
65Chongqing Changan AutomobileChinaAutomotive Manufacturing3.4%
66Universal Scientific Industrial ShanghaiChinaTech Products and Equipment3.4%
67Sharp/JapanJapanConsumer Electronics3.3%
68Sumitomo Electric IndustriesJapanAutomotive Components and Equipment3.3%
69PanasonicJapanConsumer Electronics3.2%
70Toyota BoshokuJapanAutomotive Components and Equipment3.2%
71SAIC MotorChinaAutomotive Manufacturing3.1%
72Inspur Electronic Information IndustryChinaTech Products and Equipment3.0%
73Quanta Computer IncTaiwanTech Products and Equipment3.0%
74Lenovo GroupChinaTech Products and Equipment2.7%
75BYD Electronic InternationalChinaTech Products and Equipment2.6%
76Mazda MotorJapanAutomotive Manufacturing2.5%
77SubaruJapanAutomotive Manufacturing2.3%
78Mitsubishi Heavy IndustriesJapanMachinery2.3%
79FoxconnTaiwanTech Products and Equipment2.3%
80BAIC MotorChinaAutomotive Manufacturing2.2%
81LSSouth KoreaElectrical Components2.1%
82JTEKTJapanAutomotive Components and Equipment1.8%
83China Railway MaterialsChinaAutomotive Manufacturing1.7%
84PegatronTaiwanTech Products and Equipment1.6%
85TCL Electronics HoldingsChinaConsumer Electronics1.6%
86Hisense Home Appliances GroupChinaConsumer Electronics1.4%
87BYDChinaAutomotive Manufacturing1.4%
88LG ElectronicsSouth KoreaConsumer Electronics1.4%
89Nissan MotorJapanAutomotive Manufacturing1.3%
90InventecTaiwanTech Products and Equipment1.3%
91WistronTaiwanTech Products and Equipment1.2%
92Compal Electronics IncTaiwanTech Products and Equipment1.0%
93TPV TechnologyChinaTech Products and Equipment0.8%
94RicohJapanTech Products and Equipment0.7%
95FIH MobileChinaTech Products and Equipment0.7%
96Sichuan Changhong ElectricChinaConsumer Electronics0.3%
97Kawasaki Heavy IndustriesJapanMachinery0.1%
98Mitsubishi MotorsJapanAutomotive Manufacturing-1.4%
99Tata MotorsIndiaAutomotive Manufacturing-6.3%
100Beiqi Foton MotorChinaAutomotive Manufacturing-9.3%
2021 RankCompanyCountryIndustry2021 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.
*The figure in parenthesis indicates the number of companies in the industry
Rank - Total RevenueIndustryTotal Revenue ($M)Rank - Average RevenueIndustryAverage Revenue ($M)Rank - Median RevenueIndustryMedian Revenue ($M)
1Automotive Manufacturing (26)1,172,0441Automotive Manufacturing (26)45,0791Consumer Electronics (11)29,419
2Tech Products and Equipment (24)1,034,0932Tech Products and Equipment (24)43,0872Automotive Components and Equipment (8)26,672
3Consumer Electronics (11)423,5443Consumer Electronics (11)38,5043Automotive Manufacturing (26)21,440
4Automotive Components and Equipment (8)221,6754Machinery (7)28,4244Tech Products and Equipment (24)18,890
5Machinery (7)198,9675Automotive Components and Equipment (8)27,7095Semiconductor (7)17,667
6Electronic Components (10)182,7816Semiconductor (7)24,4376Electronic Components (10)16,231
7Semiconductor (7)171,0617Electronic Components (10)18,2787Machinery (7)13,653
8Electrical Components (7)93,9508Electrical Components (7)13,4218Electrical Components (7)11,822
*The figure in parenthesis indicates the number of companies in the industry
Rank - Total ProfitIndustryTotal Profit ($M)Rank - Average ProfitIndustryAverage Profit ($M)Rank - Median ProfitIndustryMedian Profit ($M)
1Tech Products and Equipment (24)62,2071Semiconductor (7)6,0151Semiconductor (7)3,591
2Automotive Manufacturing (26)60,3892Tech Products and Equipment (24)2,5922Consumer Electronics (11)1,557
3Semiconductor (7)42,1023Automotive Manufacturing (26)2,3233Automotive Components and Equipment (8)1,265
4Consumer Electronics (11)23,6244Consumer Electronics (11)2,1484Electronic Components (10)1,219
5Electronic Components (10)17,3945Electronic Components (10)1,7395Electrical Components (7)1,015
6Automotive Components and Equipment (8)10,4226Machinery (7)1,4056Automotive Manufacturing (26)920
7Machinery (7)9,8327Automotive Components and Equipment (8)1,3037Machinery (7)796
8Electrical Components (7)7,5028Electrical Components (7)1,0728Tech Products and Equipment (24)699
*The figure in parenthesis indicates the number of companies in the industry
Rank - Total Market CapIndustryTotal Market Cap ($M)Rank - Average Market CapIndustryAverage Market Cap ($M)Rank - Median Market CapIndustryMedian Market Cap ($M)
1Semiconductor (7)930,1131Semiconductor (7)132,8731Semiconductor (7)73,409
2Automotive Manufacturing (17)824,6622Electrical Components (3)107,8532Electrical Components (3)70,084
3Tech Products and Equipment (10)756,1293Tech Products and Equipment (10)75,6133Tech Products and Equipment (10)37,699
4Consumer Electronics (7)376,0474Consumer Electronics (7)53,7214Machinery (1)36,513
5Electrical Components (3)323,5605Automotive Manufacturing (17)48,5105Consumer Electronics (7)34,457
6Electronic Components (6)203,1596Machinery (1)36,5136Electronic Components (6)28,016
7Automotive Components and Equipment (3)99,5367Electronic Components (6)33,8607Automotive Manufacturing (17)27,367
8Machinery (1)36,5138Automotive Components and Equipment (3)33,1798Automotive Components and Equipment (3)20,226
*The figure in parenthesis indicates the number of companies in the industry
Country
Comparison
While China and Japan vie for the top status in the Asia supply chains, Taiwan and South Korea hold positions that cannot be ignored. The world is still watching closely the emergence of Southeast and South Asia countries amid the global supply chain relocation.
*The figure in parenthesis indicates the number of companies in the country
*The figure in parenthesis indicates the number of companies in the country
*The figure in parenthesis indicates the number of companies in the country
South / Southeast
Asian Ranks
As the Asia supply chains are developing towards a China+n landscape, regional powerhouses in South and Southeast Asia with a strong foundation in the automotive, electronic, and electrical industries are raring to go. The once-in-decades shift in the supply chains might give them the chance to narrow the gap between them and international companies.
Country RankCompanyIndustryRevenue ($M)Profit ($M)Profit Margin
1Tata MotorsAutomotive Manufacturing38,606-2,448-6.3%
2Mahindra & MahindraAutomotive Manufacturing11,5947976.9%
3Maruti Suzuki IndiaAutomotive Manufacturing10,9914394.0%
4Motherson Sumi SystemsAutomotive Components and Equipment8,4921992.3%
5Bajaj AutoAutomotive Manufacturing4,43983718.9%
6Hero MotoCorpAutomotive Manufacturing4,1593508.4%
7Sundaram-ClaytonAutomotive Components and Equipment3,398591.7%
8TVS MotorAutomotive Manufacturing3,2321073.3%
9Exide IndustriesAutomotive Components and Equipment2,190994.5%
10Siemens IndiaMachinery1,9061427.4%
11Havells IndiaElectrical Components1,7381558.9%
12Varroc EngineeringAutomotive Components and Equipment1,723-127-7.4%
13Bosch IndiaAutomotive Components and Equipment1,58118311.6%
14Tube Investments of IndiaAutomotive Components and Equipment1,569966.1%
15Polycab IndiaElectrical Components1,5421187.6%
Country RankCompanyIndustryRevenue ($M)Profit ($M)Profit Margin
Country RankCompanyIndustryRevenue ($M)Profit ($M)Profit Margin
1DRB-HicomAutomotive Manufacturing2,989-66-2.2%
2UMW HoldingsAutomotive Manufacturing2,670823.1%
3VS IndustryTech Products and Equipment962485.0%
4Metrod HoldingsElectrical Components84620.2%
5Oriental HoldingsAutomotive Manufacturing789789.9%
6ATA IMSTech Products and Equipment759111.4%
7Tan Chong Motor HoldingsAutomotive Manufacturing612-4-0.6%
8Malaysian Pacific IndustriesSemiconductor5447614.0%
9SKP ResourcesElectronic Components527366.8%
10Unisem MSemiconductor3794812.6%
11Inari AmertronTech Products and Equipment3759324.7%
12APM Automotive HoldingsAutomotive Components and Equipment296-3-0.9%
13Texchem ResourcesMachinery26262.3%
14JCY InternationalTech Products and Equipment260-3-1.1%
15PIE IndustrialElectrical Components247155.9%
Country RankCompanyIndustryRevenue ($M)Profit ($M)Profit Margin
Country RankCompanyIndustryRevenue ($M)Profit ($M)Profit Margin
1Jardine Cycle & CarriageMachinery17,6886613.7%
2Venture CorpTech Products and Equipment2,31123210.0%
3Kulicke & Soffa IndustriesSemiconductor1,71145226.5%
4RazerTech Products and Equipment1,620462.9%
5Maxeon Solar TechnologiesSemiconductor783-255-32.5%
6Aztech GlobalTech Products and Equipment4645511.9%
7AEM HoldingsSemiconductor4206816.3%
8Broadway Industrial GroupTech Products and Equipment351113.2%
9XP PowerElectrical Components331319.4%
10Hengxin TechnologyTech Products and Equipment252114.4%
11Tai Sin ElectricElectrical Components25262.2%
12Technovator InternationalTech Products and Equipment25172.8%
13UMS HoldingsSemiconductor2024019.7%
14Spindex IndustriesMachinery160159.6%
15Fu Yu CorpMachinery145139.0%
Country RankCompanyIndustryRevenue ($M)Profit ($M)Profit Margi
Country RankCompanyIndustryRevenue ($M)Profit ($M)Profit Margin
1Cal-Comp Electronics Thailand PCLTech Products and Equipment3,94390.2%
2Delta Electronics Thailand PCLElectronic Components2,6332108.0%
3FabrinetTech Products and Equipment2,0991738.3%
4STARK Corp PCLElectrical Components8398610.3%
5Hana Microelectronics PCLTech Products and Equipment743496.6%
6AAPICO Hitech PCLAutomotive Components and Equipment640335.1%
7SVI PCLTech Products and Equipment541438.0%
8Muramoto Electron Thailand PCLElectronic Components536193.6%
9SNC Former PCLMachinery482204.1%
10KCE Electronics PCLElectronic Components4667616.2%
11Thai Stanley Electric PCLAutomotive Components and Equipment4265111.9%
12Somboon Advance Technology PCLAutomotive Components and Equipment2693011.2%
13Forth Corp PCLTech Products and Equipment266238.5%
14Kang Yong Electric PCLConsumer Electronics244187.5%
15Fine Metal Technologies PCLMachinery23073.0%
Country RankCompanyIndustryRevenue ($M)Profit ($M)Profit Margin
Country RankCompanyIndustryRevenue ($M)Profit ($M)Profit Margin
1Gelex Group JSCElectrical Components1,247453.6%
2Vietnam Electric CableElectrical Components457153.2%
3Refrigeration Electrical EngineeringMachinery2538132.0%
4RangDong Light Source and Vacuum Flask JSCElectrical Components249177.0%
5Dry Cell & Storage Battery JSCAutomotive Components and Equipment13385.7%
6Bamboo Capital JSCMachinery1132723.5%
7TMT Automobile JSCAutomotive Manufacturing11021.7%
8Electrical Equipment JSCElectrical Components10543.4%
9Taya Vietnam Electric Wire and Cable JSCElectrical Components9333.2%
10Vinacomin - Machinery JSCMachinery9000.5%
11SAM HoldingsElectrical Components8278.2%
12Nagakawa Viet Nam JSCConsumer Electronics6111.3%
13Post & Telecommunication Equipment JSCTech Products and Equipment4911.2%
14Searefico JSCMachinery4113.2%
15Son Ha Sai Gon JSCMachinery4011.9%
Country RankCompanyIndustryRevenue ($M)Profit ($M)Profit Margin
Country RankCompanyIndustryRevenue ($M)Profit ($M)Profit Margin
1Ayala CorpMachinery4,57356112.3%
2GT Capital Holdings Machinery3,2162247.0%
3Integrated Micro-ElectronicsTech Products and Equipment1,301-11-0.8%
4SFA Semicon Philippines CorpSemiconductor347133.7%
5Panasonic Manufacturing PhilippinesConsumer Electronics26083.0%
6Ionics Inc/PhilippinesTech Products and Equipment6234.2%
Country RankCompanyIndustryRevenue ($M)Profit ($M)Profit Margin
Country RankCompanyIndustryRevenue ($M)Profit ($M)Profit Margin
1Astra InternationalAutomotive Manufacturing16,3181,4108.6%
2Astra OtopartsAutomotive Components and Equipment1,059434.0%
3Tembaga Mulia SemananElectrical Components72171.0%
4Supreme Cable ManufacturingElectrical Components351102.8%
5Selamat SempurnaAutomotive Components and Equipment2914615.9%
6Sumi Indo KabelElectrical Components22110.3%
7Dharma PolimetalAutomotive Components and Equipment2042110.3%
8Sat NusapersadaElectronic Components16063.6%
9Jembo CableElectrical Components120-3-2.7%
10Voksel ElectricElectrical Components120-15-12.3%
Country RankCompanyIndustryRevenue ($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.