EVERTOP Business Summary

Evertop Wire & Cable Corp. (1616.TW) is a prominent Taiwanese manufacturer specializing in the production and distribution of electrical wires and cables, primarily serving the power utility, telecommunications, and construction sectors. The company generates the vast majority of its revenue—approximately 86%—from power cables, with the remainder derived from fiber optic communication cables, specialty solar wires, and electric vehicle (EV) charging cables. Its business model is built on large-scale procurement contracts from state-owned utilities like Taiwan Power Company (Taipower) and infrastructure developers for public transport systems, including high-speed rail and subways. Evertop competes directly with major domestic peers such as Walsin Lihwa, China Wire & Cable, and Hong Tai Electric Industrial. Positioned as one of Taiwan's top five cable producers by scale, the company distinguishes itself through its focus on high-value-added segments like 5G composite cables and renewable energy system components. The company was founded in 1988 by Ming-Chuan Chang, who continues to serve as the Group President, while the current leadership team is headed by Chairman Yin-He Wang and CEO/General Manager Cheng-Hao Chang. This executive team oversees a strategic pivot toward high-margin green energy and 5G infrastructure products, supported by a board that includes key family members such as Ai-Fen Chang and Ming-Chuang Chang, ensuring continuity in its family-led governance structure. Financial operations are directed by CFO Mei-Chun Zou. While the company remains largely controlled by the founding Chang family, it maintains a stable presence on the Taiwan Stock Exchange with institutional backing from domestic funds focused on Taiwan’s "Strong Grid" initiative and national energy transition projects.