HCG Business Summary

Hocheng Corporation (HCG) operates a diversified manufacturing business model centered on the production and distribution of sanitary ware, kitchen equipment, and advanced ceramic materials. Revenue is primarily derived from three core segments: bathroom fixtures (hygiene porcelains and copper water wares), kitchenware, and high-tech ceramics, with operations spanning Taiwan, China, and the Philippines. The company has successfully pivoted into high-margin industrial applications, including ceramic armor for defense and carbon fiber composite materials for the aerospace and automotive sectors. Within the competitive landscape, HCG faces direct pressure from global incumbents TOTO and Kohler, as well as regional players like Caesar Sanitaryware and LIXIL. HCG distinguishes itself through a dominant domestic market share in Taiwan, supported by an integrated supply chain and a reputation for balancing premium quality with cost-effective manufacturing. Established in 1931 by founder Chiu Ho-cheng, HCG remains under the strategic leadership of the Chiu family. The current executive team is led by Chairman Chiu Li-Chien, who oversees the group’s long-term technological evolution, and General Manager (CEO) Chen Shih-Chieh, a University of Leeds Ph.D. who was reappointed in early 2026 to manage global operations and manufacturing optimization. The board of directors includes key family representatives such as Chiu Shi-Kai and experienced directors like Wu Yue-Long, maintaining a governance structure that prioritizes both legacy brand equity and modern material science innovation. As a family-controlled entity listed on the TWSE, HCG is supported by stable institutional holdings and a board committed to diversifying the company's portfolio into high-growth defense and industrial material segments.