Taiyen Business Summary

Taiyen Biotech Co., Ltd. (1737.TW) operates a diversified business model that has successfully transitioned from a state-owned salt monopoly into a multi-sector biotechnology and consumer goods enterprise. The company generates revenue through five primary segments: Salt Products (edible, industrial, and agricultural), Packaged Drinking Water (led by the "Yes Water" brand), Health Foods, Skincare (under the Lu-Miel brand), and Personal Cleaning products. Taiyen leverages its legacy infrastructure and "ocean science" expertise to maintain a dominant domestic position in the salt and alkaline water markets while expanding its high-margin biotech portfolio. In the competitive landscape, Taiyen competes directly with Uni-President Enterprises in the beverage and water sector, Namchow Holdings in personal care and cleaning, Grape King Bio in the health supplement market, and Standard Foods in the functional food space. Positioned as a trusted household brand with a focus on "wellness from the sea," Taiyen maintains a defensive market stance supported by its essential commodity roots and growing presence in the premium wellness and green energy sectors. The company’s leadership is anchored by Chairman Ting Yen-Che and President Lee Chieh-Han, both of whom bring extensive experience in public-sector management and corporate restructuring. Chairman Ting previously served as the Chairman of Taiwan Tobacco and Liquor Co. (TTL) and as the Deputy Magistrate of Yunlin County, providing a strong pedigree in navigating government-linked enterprises. President Lee Chieh-Han, promoted from within the organization, formerly served as Vice President and Acting Chairman of the subsidiary Taiyen Green Energy, specializing in operational integration and corporate governance. As a former state-run entity founded in 1952 as the Taiwan Salt Works, Taiyen remains under the significant oversight of the Ministry of Economic Affairs (MOEA), which holds a 38.88% stake, ensuring strategic alignment with national industrial goals. Other notable institutional investors include The Vanguard Group and Acadian Asset Management, reflecting the firm's status as a stable, dividend-paying constituent of the Taiwan Stock Exchange.